New investment framework to boost ‘Made by Malaysia’ agenda
KUALA LUMPUR: The government will roll out a New Investment Incentive Framework (NIIF) in the third quarter of this year to attract high-value investments and nurture homegrown technology.…
Business and Finance
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Petronas Faces Deepening Crisis Amid Sarawak Oil Dispute
KUALA LUMPUR: Petroliam Nasional Berhad (Petronas), Malaysia’s state oil giant and custodian of the nation’s hydrocarbon reserves, is confronting one of the most serious challenges in its history…
Malaysia, Indonesia, Thailand expand local currency settlement network
KUALA LUMPUR: The central banks of Malaysia, Indonesia, and Thailand have appointed additional commercial banks to join their local currency transaction framework, further facilitating cross-border trade and investment…
Nine Malaysian Firms Named in Forbes Asia’s 2025 ‘Best Under A Billion’
KUALA LUMPUR: Nine Malaysian public-listed companies have secured a spot on Forbes Asia’s 2025 “Best Under A Billion” list, which recognises the top 200 small and mid-sized enterprises…
Economists: Urban Malaysians Need at Least RM3,000 a Month to Cover Basic Costs
KUALA LUMPUR: Malaysians living in urban areas require a minimum monthly income of around RM3,000 to meet basic living expenses, economists say — a figure far higher than…
BNPL Providers to Face Mandatory Affordability Checks Under Consumer Credit Act 2025, Says Amir Hamzah
Buy Now, Pay Later (BNPL) providers will soon be required to conduct affordability assessments before granting credit, in line with reforms under the upcoming Consumer Credit Act 2025…
Pekat secures RM31.3mil switchgear contract from TNB
KUALA LUMPUR: Pekat Group Bhd, a solar power solutions provider, has secured a RM31.32 million contract from Tenaga Nasional Bhd (TNB) for the maintenance and repair of switchgear…
Nearly 90% of Malaysia’s Oil Palm Plantations Certified
MELAKA: As of June 30, a total of 5.03 million hectares, or 89.6% of Malaysia’s oil palm plantation area, has been certified under the Malaysian Sustainable Palm Oil…
Puncak Niaga unit to sell three dormant, loss-making subsidiaries for RM3
PETALING JAYA: Puncak Niaga Holdings Bhd, through its wholly owned subsidiary TRIplc Bhd, is divesting its entire equity interest in three dormant and loss-making subsidiaries for a total…
Asian Currencies Strengthen as Dollar Pulls Back; Equities Rise on Fed Rate Cut Hopes
Asian currencies advanced on Monday, buoyed by a weaker U.S. dollar, while regional equities climbed on growing expectations that the U.S. Federal Reserve could ease monetary policy to…