Local News
Malaysia’s services, manufacturing growth set to continue in 2023
KUALA LUMPUR: Malaysia’s services and manufacturing growth, the big factor behind the country’s strong third quarter (Q3) gross domestic product (GDP) print, are projected to continue their growth into 2023. Moody’s Analytics, in its latest Asia Pacific Economic...
Malaysia’s end-Oct palm oil stocks seen at 3.5-year high on rise in output
KUALA LUMPUR : Malaysia's palm oil inventories at end-October likely swelled to its highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday. Stockpiles were pegged to rise 9.3 per cent from September to 2.53...
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Report: Ahead of GE15, hotels hit by cancellations as Malaysians put voting before vacations
Monday, 31 Oct 2022 9:21 AM MYT KUALA LUMPUR, Oct 31 — Hotels have reportedly been receiving cancellations ahead of the 15th general election (GE15) as voters are calling off their holidays planned around November 19 to cast their ballots. Hotel bookings for events...
Palm oil futures rise on weather-related worries
Reuters Published October 24, 2022 KUALA LUMPUR: Malaysian palm oil futures firmed on Friday and were headed for a weekly rise, on concerns over production disruptions from the arrival of the monsoon season, but the gains were capped by sluggish October exports. The...
EU applauds Malaysia’s double aviation achievements, says Dr Wee
KUALA LUMPUR: The European Union (EU) Commission applauds Malaysia's double achievements in aviation with its re-election to the International Civil Aviation Organisation (ICAO) Council and reinstatement to Category 1 of the United States International Aviation Safety...
Malaysia, EU explore cooperation to develop sustainable aviation fuel, says transport minister
KUALA LUMPUR, Oct 16 — Malaysia and the European Union (EU) have agreed to explore further cooperation under the Transport Ministry to develop sustainable aviation fuel (SAF), Transport Minister Datuk Seri Wee Ka Siong said. He said this included making the product...
OGSE players to benefit from RM1bil maritime and logistics fund
KUALA LUMPUR: The RM1bil maritime and logistics fund is expected to benefit oil and gas services and equipment (OGSE) players, especially the close-to-100 offshore support vessel (OSV) service providers in Malaysia, according to Malaysia Petroleum Resources Corp...
Personal income tax cut, e-wallet credit to benefit consumer sector, M40
KUALA LUMPUR: Reduction in personal income tax by 2.0 percentage points for salary between RM50,001 and RM100,000 and RM100 e-wallet credit for M40 group as announced in Budget 2023 is expected to benefit this group as well as boost the overall consumer sector as...
Budget 2023: Encourage more exports, FDI to boost ringgit’s attractiveness, says economist
KUALA LUMPUR: Budget 2023, which is expected to be tabled later today, is being awaited with great anticipation by Malaysians from all walks of life as it will chart the nation’s vision in the coming year. The rising cost of living, ringgit valuation, food security,...