Targeted Revision Of Sales Tax Rate, Expansion Of Service Tax Scope Effective July 1, 2025

KUALA LUMPUR, June 9 (Bernama) -- The Ministry of Finance has issued a statement on the implementation of revised Sales Tax (ST) rates and expanded scope of the Service Tax effective July 1, 2025. The aim is to strengthen the country’s fiscal position by increasing revenue and broadening the tax base.

Beyond Tariffs: People’s Livelihoods Must Be Central To Any Trade Negotiations

From Nor Baizura Basri

SAN FRANCISCO, June 5 (Bernama) -- It was a cold morning in San Francisco, and my stomach was growling for food. As I munched on the snacks available in my hotel room, the day had started early with the sun shining brightly before 6 am.

MITI Works Hard To Attract More High-quality Investments - Tengku Zafrul

KUALA LUMPUR, May 20 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) is working hard to attract more high-quality investments, especially in strategic sectors such as electrical and electronics (E&E), said its Minister, Tengku Datuk Seri Zafrul Abdul Aziz.

GLICs Adopt Living Wage Policy For All Permanent Malaysian Employees

KUALA LUMPUR, May 1 (Bernama) -- Government-linked investment companies (GLICs) have collectively implemented a living wage policy, ensuring all permanent Malaysian employees now earn above the monthly living wage threshold. 

Ex-PM Abdullah: Champion Of Balanced Economic Growth, Human Capital Development And Halal Industry

By Nor Baizura Basri and Harizah Hanim Mohamed

KUALA LUMPUR, April 14 (Bernama) – Tun Abdullah Ahmad Badawi, fondly known as Pak Lah, was a man with a demure personality, but he had a big heart for doing what was best, equitable and right for Malaysia and its people.

Cautious Aidilfitri Spending Despite Stable Economy, Labour Market

PUTRAJAYA, March 30 (Bernama) -- Economic uncertainty is shaping Malaysians' spending habits this festive season, with consumers adopting a cautious approach despite stable economic conditions.

Dewan Negara Passes Supplementary Supply Bill (2024) 2025

KUALA LUMPUR, March 24 (Bernama) -- The Dewan Negara today passed the Supplementary Supply Bill (2024) 2025 authorising additional expenditure of RM20.19 billion from the Consolidated Fund for government services.

BNM: Islamic Finance Expands To RM1.13 Bln In 2024, Takaful Growth Moderates On Rising Costs

KUALA LUMPUR, March 24 (Bernama) – The Islamic banking and takaful industries continued to record positive growth in 2024, with the Islamic banking industry’s share of total financing in the financial system increasing to 46.6 per cent last year from 45.6 per cent in 2023.

Malaysia’s Direct Selling Industry Hits RM34.4 Bln, Leads In Market Penetration – Fuziah

PUTRAJAYA, March 10 (Bernama) -- Malaysia’s direct selling industry grew 7.4 per cent to RM34.4 billion in 2024 from RM32.04 billion the previous year, said Domestic Trade and Cost of Living (KPDN) Deputy Minister Fuziah Salleh.

OPR Aligns With Malaysia's Economic Prospects — BNM Governor

KUALA LUMPUR, March 6 (Bernama) -- The following is an interview with Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour following March’s Monetary Policy Committee meeting:  

Govt Prioritises Inclusive Wealth Distribution To Ensure Fair Economic Growth - Economy Ministry

KUALA LUMPUR, March 5 (Bernama) -- The government consistently emphasises the importance of inclusivity by ensuring that the nation’s wealth is fairly distributed across all levels of society, said the Economy Ministry. 

Ringgit Rebounds Against US Dollar As Weak US Data Supports Rate Cut Expectations

KUALA LUMPUR, Feb 26 (Bernama) -- The ringgit rebounded against the US dollar at the opening today after a weaker-than-expected US consumer confidence report weighed on the greenback, reinforcing the narrative that monetary policy easing in the United States should remain intact this year.