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Federal Govt’s Debt Growth Expected To Decrease To 7.5 Pct At End-2024

October 16, 2024

KUALA LUMPUR, The federal government’s debt growth trend is expected to continue to decrease, ending 2024 at around 7.5 per cent compared to 8.6 per cent in 2023 and 10.2 per cent in 2022, according to the Ministry of Finance (MoF).

This decline refl…

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Govt Reforms Supporting Ringgit’s Strength Vs Regional Currencies

October 16, 2024

KUALA LUMPUR, The ringgit has shown stronger performance versus regional currencies, driven by investor confidence in the country’s reform agenda.

Finance Minister II, Datuk Seri Amir Hamzah Azizan, said that their confidence is premised on the clear…

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Budget 2025: Call For Government To Address Labour Shortage In Automotive, EV Technology

October 16, 2024

KUALA LUMPUR, Additional funding should be allocated to the Ministry of Transport (MOT) in the upcoming Budget 2025 for electric vehicle (EV) skills training to attract interest and address the current workforce shortage in the automotive sector, part…

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Kioxia SSD With Flexible Data Placement Demonstrates Improvements In Lifespan, Performance

October 16, 2024

KUALA LUMPUR, Kioxia Corporation is showcasing and demonstrating the benefits of a KIOXIA XD Series SSD equipped with Flexible Data Placement (FDP) functionality running the RocksDB database at the 2024 OCP Global Summit, taking place from Oct 15 to 1…

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ECERDC Secures RM13.3 Bln In Realised Investments As Of September, Surpassing 2024 Target

October 15, 2024

KUALA LUMPUR, The East Coast Economic Region Development Council (ECERDC) has secured RM13.3 billion in realised investments for the region as of September, surpassing its 2024 target of RM10 billion.

The investments will create over 8,700 job opport…

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Govt Recovers RM27.17 Bln Linked To 1MDB As Of September 2024 – Yeoh

October 15, 2024

KUALA LUMPUR, The government has recovered a total of RM27.17 billion related to 1Malaysia Development Bhd (1MDB) as of Sept 30, 2024.

Minister of Youth and Sports Hannah Yeoh stated that the funds deposited into the Asset Recovery Trust Account (AAM…

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Supply Bill 2025 Tabled For First Reading In Dewan Rakyat

October 15, 2024

KUALA LUMPUR, The Supply Bill 2025 (Budget 2025) was tabled for the first reading in the Dewan Rakyat today.

The bill was read by the Minister in the Prime Minister’s Department (Legal and Institutional Reform) Datuk Seri Azalina Othman Said, who rep…

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AirAsia Aims To Propel KLIA As World’s Leading Aviation Megahub And Position ASEAN As The Next Dubai

October 15, 2024

SEPANG, AirAsia has reaffirmed its commitment to driving ASEAN connectivity and elevating the region’s status as a global transit point, much like how Dubai is recognised for international air travel and trade.

In a statement today, the budget carrie…

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Malaysia Aviation Group’s First A330neo Delivery Delayed, Some Flights Impacted

October 15, 2024

KUALA LUMPUR, The delivery of Malaysia Aviation Group’s (MAG) first A330neo aircraft, originally scheduled for September 2024, has been delayed and is now expected to take place by late November 2024.

MAG, the parent company of Malaysia Airlines, sai…

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Govt Only Borrows To Fund Fiscal Deficit, Maturing Debt – Amir Hamzah

October 15, 2024

Finance Minister II Datuk Seri Amir Hamzah Azizan said that through strict and phased fiscal consolidation, the government managed to curb the increase in the amount of net loans while reducing debt growth.

During the winding up of the Auditor Genera…

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