Local News

KUALA LUMPUR: Malaysia aims to fully unlock the potential of its services sectors through enhanced collaborations with China, particularly in the areas of digital economy, green technology, and connectivity. Ministry of Investment, Trade and Industry’s (MITI) Services...

The exemption aims to maintain the competitiveness of Malaysia’s local industries. Without the exemption, local ship and aircraft owners might register their assets abroad, reducing economic activity in Malaysia. The MOF stated that taxation could drive owners to...

Kota Kinabalu: Sapangar Bay Container Port (SBCP) welcomed the maiden call of the Ji Yun 16, operated by Warisan Shipping Line under its newly launched Singapore Express Service. The service connects Muara – Sapangar – Singapore – Muara on a regular schedule,...

MALAYSIA: Johor has emerged as Malaysia’s fastest-growing state in 2024, recording an economic growth rate of 6.4% compared to the national average of 5.1%, according to the Department of Statistics Malaysia’s July 2025 report. In a Facebook post on Tuesday (Aug 13),...

KUALA LUMPUR, Aug 16 — The service tax exemption on ship and aircraft leasing was not done discreetly, with the exemption aimed at maintaining local industry competitiveness, says the Ministry of Finance (MOF). The MOF emphasised that the imposition of such a tax...

PUTRAJAYA: The government’s upcoming 2026 Budget will focus on safeguarding public welfare while addressing structural economic challenges, said Finance Minister II Datuk Seri Amir Hamzah Azizan. Speaking at the opening of the Budget 2026 consultation sessions here...

After US President Trump’s 1 August tariff deadline came to an end and as investors watch what will happen in the US-China trade talks, Swiss private bank Julius Baer shares its insights on the impact on Asia’s asset allocation and economies. After the market...

CYBERJAYA: Prime Minister Datuk Seri Anwar Ibrahim has announced the attendance of an unprecedented gathering of global leaders at the Asean Summit, including US President Donald Trump, Brazilian President Luiz Inacio Lula da Silva, South African President Cyril...

Vietnam is seeking to boost exports to Halal markets through Malaysia, which is viewed as a strategic gateway to the global market, heard a business forum in Ho Chi Minh City on August 7. Vietnam – Malaysia trade reached 14.2 billion USD in 2024. In the first half of...

KUALA LUMPUR: Westports Holdings Bhd sees resilient global trade and regional shipping trends driving future demand, according to executive chairman Datuk Ruben Emir Gnanalingam. “The US economy remained resilient despite trade tariffs, whereas the region’s...