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Malaysia Upholds Finance, Procurement And Bumiputera Policies As US Eases Export Tariffs

KUALA LUMPUR, Aug 1 (Bernama) -- The government remains firm on matters related to policies in the financial system, government procurements, and Bumiputera interests during negotiations with the United States (US) on reciprocal tariffs.

KNM's Subsidiary To Dispose Of Entire Equity Interest In FBM Hudson Italian

KUALA LUMPUR, Aug 1 (Bernama) -- KNM Group Bhd’s wholly-owned subsidiary, KNM Europa BV, will dispose of its entire equity interest in FBM Hudson Italian SPA (FBMHI) to SymbEx GmbH and Terragarda GmbH for EUR19.50 million (EUR1=RM4.89). 

Maxim Confirms All Its Active Drivers Hold Valid EVP

KUALA LUMPUR, July 29 (Bernama) -- Maxim Malaysia said it has ensured that all its active partner-drivers possess valid e-hailing vehicle permits (EVP) and have the opportunity to obtain insurance through the company’s partners.

Chitose Group Plans To Operate 10 Million Hectares Of Microalgae Production Facilities

KUALA LUMPUR, July 27 (Bernama) -- Chitose Group which operates the world’s largest microalgae production facility using flat-panel type photobioreactors in Kuching, Sarawak, is aiming to develop 10 million hectares of large-scale microalgae cultivation farms in Malaysia, Indonesia, India, Middle East and other potential areas, by 2050 covering a market size of US$4.2 trillion (US$1=RM4.22).

3REN Firms Up Partnership With InvestPenang On Penang Silicon Design @5km+ Initiative

GEORGE TOWN, July 18 (Bernama) -- 3REN Bhd’s subsidiary, Sophic Automation Sdn Bhd, has signed an agreement with Invest-In-Penang Bhd (InvestPenang) to accept an incentive package aimed at enhancing its integrated circuit (IC) design and development capabilities, as well as transforming its ideas into IC products. 

MARGMA Calls For Tariff Talks With US Over Glove Duty Hike

KUALA LUMPUR, July 10 (Bernama) -- The Malaysian Rubber Glove Manufacturers Association (MARGMA) has urged the government to promptly enter sectoral tariff negotiations with the United States (US) following Washington’s decision to raise import duties on rubber gloves to 25 per cent from Aug 1, 2025.

Singapore Competition Watchdog Grants Conditional Nod To Malaysia Airlines-SIA Tie-up

SINGAPORE, July 7 (Bernama) -- The Competition and Consumer Commission of Singapore (CCCS) on Monday granted conditional approval for the proposed commercial cooperation between Singapore Airlines Ltd (SIA) and Malaysia Airlines Bhd.

Origin Investment Corp I Closes US$60 Mln In IPO On Nasdaq

KUALA LUMPUR, July 4 (Bernama) -- Origin Investment Corp I, a newly formed special purpose acquisition company, has successfully closed its initial public offering (IPO) of six million units at US$10 per unit, raising US$60 million. (US$1=RM4.21)

TNB Shares Hit By Federal Court Ruling

KUALA LUMPUR, July 3 (Bernama) -- Tenaga Nasional Bhd’s (TNB) shares on Bursa Malaysia were hit in early trading today following the Federal Court’s decision to allow the Inland Revenue Board of Malaysia’s (IRB) appeal over an additional tax assessment notice issued to the company for the 2018 assessment year.

Banks To Begin Charging Service Tax On Financial Services From July 1 Under Expanded Scope

KUALA LUMPUR, June 25 (Bernama) -- Member banks of Malaysia's banking associations will begin implementing the service tax on relevant financial services in phases from July 1, 2025, in accordance with the guidelines issued by the Royal Malaysian Customs Department.

LHDN Receives 328 Million e-Invoices From Nearly 35,000 Taxpayers Since Aug 2024

GEORGE TOWN, June 12  (Bernama) -- The Inland Revenue Board (LHDN) has received 328 million e-invoices from taxpayers until yesterday since the system was launched in August 2024.

MADANI Govt Committed To Reforms, But Needs Time - PM Anwar

KUALA LUMPUR, June 10 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim says the MADANI unity government is deeply committed to tackling corruption and abuse of power but the reforms to combat these menaces will take time to materialise.