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Tax Break Proposed For Labuan Takaful, Islamic Finance - MoF

KUALA LUMPUR, Oct 18 (Bernama) -- The government is proposing an income tax exemption for Labuan commercial entities conducting Islamic financial activities, including Labuan takaful and eligible related businesses, according to the Ministry of Finance (MoF).

REHDA Urges Financial Institutions To Introduce Step-up Financing Schemes

KUALA LUMPUR, Oct 18 (Bernama) -- The Real Estate and Housing Developers' Association (REHDA) has called upon financial institutions to take heed of the government’s move to introduce housing projects for the people and introduce their step-up financing schemes.

Budget 2025 : Microsoft Says Committed To Partnering With Govt To Drive Responsible AI Innovation In Malaysia

KUALA LUMPUR, Oct 18 (Bernama) -- Microsoft is committed to partnering with the government to drive responsible artificial intelligence (AI) innovation in Malaysia, enabling a future where digital transformation benefits everyone.

e-Invoice: Govt Proposing To Expedite Capital Allowance Claim For ICT Expenditure

KUALA LUMPUR, Oct 18 (Bernama) -- The government has proposed to shorten the full claim period for capital allowances on the purchase of information and communication technology (ICT) equipment, computer software packages, and consultancy fees from three years to two years.

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. 

Highlights From Budget 2025

KUALA LUMPUR, Oct 18 (Bernama) -- Below are the highlights from Budget 2025 tabled by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim.

Budget 2025: EPF Contributions To Be Made Mandatory For Foreign Workers - PM Anwar

KUALA LUMPUR, Oct 18 (Bernama) -- The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF), said Prime Minister Datuk Seri Anwar Ibrahim.

Budget 2025: Govt Allocates RM470 Mln To Empower Women's Participation In PMKS

KUALA LUMPUR, Oct 18 (Bernama) - The government allocated RM470 million for financing funds provided by SME Bank, Bank Simpanan Nasional, Bank Rakyat and MARA to support women's micro, small and medium enterprises (PMKS) obtain working capital, purchase assets and increase business capacity to a higher level.

Govt To Introduce New Investment Incentive Framework, RM1 Bln Strategic Investment Fund - Anwar

KUALA LUMPUR, Oct 18 (Bernama) -- A new Investment Incentive Framework will be introduced, including a strategic investment fund worth RM1 billion aimed at enhancing the capacity of local talent and encouraging high-value activities to be carried out in the country.

SME Bank Launches FundFest To Empower Entrepreneurs, Bridging The Financing Gap

KUALA LUMPUR, Oct 18 (Bernama) -- SME Bank Malaysia Bhd has launched the SME Bank FundFest 2024, aimed at providing budding entrepreneurs, innovative startups, and growing businesses with opportunities to access funding facilities and participate in knowledge exchange sessions.

Anwar Unveils Substantial Budget 2025, Catalyzing Economy, Hastening Reforms

KUALA LUMPUR, Oct 18 (Bernama) -- Budget 2025 worth RM421 billion, the biggest in history, is strategically aligned with the MADANI Economy framework, focuses on attracting high-quality investments, stimulating business opportunities, undertaking projects for the wellbeing of the rakyat and not impacting their affordability in purchasing essential goods and services.

Economic Outlook: Budget 2025 To Lay Foundation For A Digital-driven Economy

KUALA LUMPUR, Oct 18 (Bernama) -- Budget 2025 will lay the foundation for a digital and innovation-driven economy, positioning the country towards becoming a high-income nation, according to the Economic Outlook 2025 report released by the Finance Ministry today.