Category: Business

The government is expected to allocate a higher development expenditure (DE) of RM94.5 billion in Budget 2025, from RM88.5 billion in 2024’s forecast, to boost infrastructure play, said Kenanga Investment Bank Bhd (Kenanga IB). In a note today, Kenanga IB said transport is expected to continue holding the largest share of DE, primarily driven by the anticipated revival of the Mass Rapid Transit 3 (MRT3) project and the Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR). Other DE spending is likely to focus on enhancing agricultural resilience, boosting investments in education, healthcare, and affordable housing, as well as national security amid regional

Malaysia and Turkiye are exploring potential collaboration in the field of green and alternative energy, in line with Malaysia’s commitment to adopting more sustainable and eco-friendly energy sources. Minister of Science, Technology, and Innovation, Chang Lih Kang said a meeting held with senior management from the Turkish Energy, Nuclear,and Mineral Research Agency (TENMAK) opened doors for cooperation in nuclear energy research and the exploration of minerals critical to sustainable development for both countries. The meeting, which took place on the second day of his official visit to Turkiye this week, aimed to strengthen and explore new cooperation opportunities in science,

Malaysian investors should seize investment opportunities in Laos as the ‘Land of A Million Elephants’ holds great potential in hydropower, semiconductor, transport, electronics, logistics, and the halal market. Malaysia Business Chamber Laos (MBCL) president Tee Chee Seng urged Malaysian companies to explore the vast and blooming potential in the landlocked country. ‘They can venture into many investment sectors, especially in the Golden Triangle Special Economic Zone located along the Mekong River,” he said, adding that Malaysia is currently Laos’ fourth largest trading partner. He was speaking to the Malaysian media in the Lao capital for the 44th and 45th Association

The Investment, Trade and Industry Ministry (MITI) will launch an anti-dumping duty investigation into steel wire rods originating from or exported by China, Indonesia, and Vietnam. In a statement today, MITI said the probe follows a petition filed by Southern Steel Bhd, a domestic producer, which alleges that imports from the countries are being sold at prices lower than domestic products. Southern Steel also claims that the dumped imports have increased significantly causing material injury to the domestic industry, the ministry said. The investigation was initiated under Section 20 of the Countervailing and Anti-Dumping Duties Act 1993 and Regulation 7

KUALA LUMPUR, The Asian Institute of Chartered Bankers (AICB) and its Compliance Officers’ Networking Group have organised a special two-day International Conference on Financial Crime and Terrorism Financing (IFCTF) Masterclass 2024 beginning today. The IFCTF Masterclass 2024, themed ‘Combatting Financial Crime and the Anti-Money Laundering (AML), Countering Financing of Terrorism (CFT), Countering Proliferation Financing (CPF): A Technical Deep Dive,’ offers Malaysian bankers an immersive experience in financial crime, fostering collaboration and innovative thinking through sessions led by distinguished global and regional experts. AICB Chairman Tan Sri Azman Hashim said it is crucial to cultivate the banking workforce’s ability to anticipate,