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MITI To Help Perodua Produce Malaysia's First Ev Priced Under RM100,000 - Tengku Zafrul

PETALING JAYA, Oct 21 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) will help Perusahaan Otomobil Kedua Sdn Bhd (Perodua) produce Malaysia's first electric vehicle (EV) priced under RM100,000.

Malaysia And Singapore’s Credit Bureaux Support Bank Lending - Moody’s

KUALA LUMPUR, Oct 21 (Bernama) -- Malaysia and Singapore are the two countries in ASEAN with well-established credit bureaux which aggregate extensive data from various sources, supported by the high level of banking penetration in their economies, according to Moody’s.

Economy Ministry Begins Drafting 13MP, To Be Tabled In Parliament In 3Q 2025

KUALA LUMPUR, Oct 21 (Bernama) -- The Economy Ministry has initiated work on the 13th Malaysia Plan (13MP), which is expected to be tabled in Parliament in the third quarter of 2025.

Minimal Impact Of Minimum Wage, Foreign Worker Levy On Infrastructure Supply Chain -- Analysts

KUALA LUMPUR, Oct 21 (Bernama) -- CIMB Securities Sdn Bhd foresees minimal impact from the proposed hikes in minimum wages to RM1,700 and foreign worker levies on the local infrastructure supply chain.

Profit-taking Hits Heitech Padu After RM892 Mln NIISe Contract News

KUALA LUMPUR, Oct 21 (Bernama) -- HeiTech Padu Bhd shares fell 4.61 per cent in early trade due to profit-taking following the announcement of a RM892.19 million contract secured for the National Integrated Immigration System (NIISe) project by the Immigration Department of Malaysia.

Malaysia Remains Open, Welcoming To Chinese Companies Seeking To List On Bursa Malaysia -- SC Director

HAINAN (China), Oct 20 (Bernama) -- Malaysia remains open and welcoming to Chinese companies seeking to list on Bursa Malaysia whether for their first or second listing exercise, in line with both countries’ shared goals of fostering innovation and promoting high-value products and services.

Bursa Malaysia To Trade On Cautious Mode Next Week As Investors Digest Budget 2025

KUALA LUMPUR, Oct 19 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to hold steady within a narrow band of 1,655 to 1,665 as investors digest the national Budget 2025 announcement by Prime Minister Datuk Seri Anwar Ibrahim on Friday.

SST Expansion To Offset Fall In Oil-Related Revenue, Creates Robust Tax System

KUALA LUMPUR, Oct 19 (Bernama) -- The expansion of the sales and services tax (SST) should help offset the projected fall in oil-related revenue to 3.0 per cent of gross domestic product (GDP) in 2025 from 3.2 per cent in 2024 on likely lower oil prices, Standard Chartered Global Research said today.

Budget 2025 To Facilitate More Broad-based Wealth Creation In Capital Market 

KUALA LUMPUR, Oct 19 (Bernama) -- The measures in Budget 2025 are set to ensure that the capital market can facilitate greater and more broad-based wealth creation, said Securities Commission Malaysia.

Govt Proposing 2.0 Pct Dividend Tax On High-Income Shareholders

KUALA LUMPUR, Oct 18 (Bernama) -- The government is proposing to impose a 2.0 per cent dividend tax on taxable dividend income, after considering allowable exemptions and deductions, effective from the 2025 assessment year.

Banking Industry Views Budget 2025 As Positive Step Towards Sustainable, Inclusive Economy

By Karina Imran

KUALA LUMPUR, Oct 18 (Bernama) -- Financial institutions viewed Budget 2025 as a positive step towards achieving a sustainable, inclusive economy while maintaining fiscal responsibility and social justice. 

Govt Allocates RM100 Mln Matching Fund To Spur Innovation In Islamic Financing

KUALA LUMPUR, Oct 18 (Bernama) -- The government has allocated a RM100 million matching fund to spur innovation in Islamic financing based on Islamic values so that it no longer depends on Shariah-compliant products similar to conventional ones.