LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 

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Malaysia’s Automotive Industry Must Move Up The Value Chain To Drive Future Mobility

KUALA LUMPUR, June 11 (Bernama) -- Malaysia’s local automotive industry must continue moving up the value chain, not merely as assemblers or distributors, but as developers of technology, services and solutions for the regional market as the mobility landscape continues to evolve.

SC Enhances Primary Market Framework To Improve Public Listing Access For Issuers

KUALA LUMPUR, May 28 (Bernama) -- The Securities Commission Malaysia (SC) today released its revised Equity Guidelines and Response Paper, introducing targeted enhancements to the primary market framework. 

Asian Development Bank, Labuan Chamber Of Commerce Discuss Labuan's Potential Economic Growth

By Jailani Hasan

LABUAN, May 22 (Bernama) -- The Asian Development Bank (ADB) held a strategic engagement session with the Labuan Chamber of Commerce (LCC) to explore Labuan’s potential as a regional platform capable of supporting economic growth and connectivity across Asian countries.

UDA Launches Sustainability-Driven Residensi Mutiara

JOHOR BAHRU, May 20 (Bernama) -- Property and asset management company UDA Holdings Bhd has launched its latest housing project, Residensi Mutiara, which incorporates sustainable development features.

New CBU EV Policy To Strengthen Local EV Industry Ecosystem - PEKEMA

By Muhammad Adil Muzaffar Mohd Fisol

CYBERJAYA, May 19 (Bernama) -- New government guidelines tightening the importation of completely built-up (CBU) electric vehicles (EVs) are expected to accelerate the development of Malaysia’s local EV ecosystem, according to the Bumiputera Car Dealers Association, better known as Persatuan Pengimpot dan Peniaga Kenderaan Melayu Malaysia (PEKEMA).

Govt Looking To Incentivise EV Truck To Reduce Diesel Subsidy Costs

KUALA LUMPUR, May 14 (Bernama) -- The government is looking at ways to incentivise transport operators to adopt electric vehicle (EV) trucks as part of long-term efforts to reduce the country’s diesel subsidy burden.

Not All EVs Will Become Expensive After CBU Duties Return - Sim

BATU KAWAN, May 8 (Bernama) -- Claims that all electric vehicles (EVs) will become more expensive following the reimposition of import duties on completely built-up (CBU) EVs from July are inaccurate, said Deputy Investment, Trade and Industry (MITI) Minister Sim Tze Tzin. 

Imported Electric Vehicles Subject To Two Main Conditions From July 1, 2026 -- MITI

KUALA LUMPUR, May 6 (Bernama) -- All fully imported completely built-up (CBU) electric vehicles (EVs) are subject to two main conditions starting July 1, 2026, including a new minimum motor power limit of 180 kilowatts (kW) and above from 200 kW.

Indonesia Plans Export Duties, Windfall Tax On Coal And Nickel To Ease Subsidy Burden

JAKARTA, May 4 (Bernama) -- Indonesia plans to introduce export duties and a windfall tax on coal and nickel as part of efforts to offset rising subsidy costs in the national budget.

Labuan Seeks Equal Duty-Free Treatment As Langkawi

LABUAN, April 29 (Bernama) -- Labuan’s duty-free status should be given equal consideration for full restoration, in line with the proposal being studied for Langkawi, to support the island’s tourism, retail and business sectors, the Labuan Corporation (LC) Advisory Council said.

MIDA Facilitated Approval Of Tax Incentives For 220 Johor Projects In 2025

JOHOR BAHRU, April 27 (Bernama) -- The Malaysian Investment Development Authority (MIDA) facilitated the approval of tax exemptions and incentives for 220 projects in Johor, reinforcing the Federal Government's commitment to the state's industrial growth in 2025.