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Crest Group Seeks Govt Support For Semiconductor Talent In Budget 2025

October 9, 2024

KUALA LUMPUR, Crest Group Bhd, a debutant on the ACE Market, is urging the government to prioritise talent development and attract foreign investments to bolster the growth of the semiconductor sector in the upcoming Budget 2025.

Its executive direc…

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Ringgit Strengthens 14.4 Pct vs USD In 3Q 2024; One Of The Best Performing Currencies Globally

October 9, 2024

KUALA LUMPUR, The ringgit was one of the best-performing currencies globally in the third quarter of this year (3Q2024), strengthening 14.4 per cent against the US dollar and 11.4 per cent on a year-to-date basis, said Bank Negara Malaysia’s (BNM) Fi…

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MPOB, Sarawak M-FICORD To Hold Technology Transfer Programme On Oct 14

October 9, 2024

KUCHING, The Malaysian Palm Oil Board (MPOB), in collaboration with the Ministry of Food Industry, Commodity, and Regional Development Sarawak (M-FICORD), will hold the Sarawak Oil Palm Technology Transfer Programme (TOT Sarawak 2024) here on Oct 14….

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Labuan IBFC Embraces Blockchain, AI To Boost Fintech Growth

October 9, 2024

LABUAN, The increasing interest in digital assets and alternative financial instruments is driving innovation and growth within Labuan’s financial sector.

Labuan International Business and Financial Centre (IBFC) chairman Datuk Iskandar Mohd Nuli sa…

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Increasing WPL Threshold Will Be A Boon For Plantation Sector

October 9, 2024

KUALA LUMPUR, CIMB Securities Sdn Bhd believes that raising the windfall profit levy (WPL) threshold to around RM4,500 per tonne would benefit the plantation sector, ahead of Budget 2025 which will be presented on Oct 18.

In a note today, it highlig…

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Petron: No Disruption To Petroleum Products Supply Amid Refinery Maintenance

October 9, 2024

KUALA LUMPUR, Petron Malaysia Refining and Marketing Bhd’s (Petron Malaysia) refinery at Port Dickson, Negeri Sembilan, will undergo a maintenance shutdown for eight weeks to facilitate repairs to its furnaces.

Despite the shutdown, the oil company …

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Labuan’s Asia International Exchange Launches Revolutionary Digital Asset Platform

October 9, 2024

LABUAN, The Asia International Exchange (AIX) marked a significant milestone today with the soft launch of its digital asset platform, positioning Labuan as a key financial technology (fintech) hub in the region.

AIX Investment Group Company Ltd chi…

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Mitsubishi Power Aims To Expand Gas Turbine Expertise In Asia Pacific

October 9, 2024

KUALA LUMPUR, Mitsubishi Power Asia Pacific Pte Ltd aims to expand its gas turbine expertise in Southeast Asia, given the significant utilisation potential of natural gas and liquefied natural gas (LNG) in the region.

Its managing director/chief exe…

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Rise Of Fintech, AI Requires Clear, Strong Governance Framework – ADFIM

October 9, 2024

KUALA LUMPUR, The rise of financial technology (fintech) and artificial intelligence (AI) in today’s rapidly changing world presents both opportunities and challenges such as the use of AI in credit scoring that has raised concerns about algorithm bi…

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Moody’s Sees Higher Sukuk Issuance In Malaysia In Second Half Of Year

October 9, 2024

KUALA LUMPUR, Malaysia is projected to register a higher sukuk issuance in the second half (2H) of this year despite lower domestic sovereign issuance in the first half (1H), according to Moody’s Ratings.

Its assistant vice president Abdulla AlHamma…

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