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Economy

Govt To Implement NDI Approach In 2027 For Aid Eligibility Assessment

KUALA LUMPUR, Oct 26 (Bernama) –- The government will implement the Net Disposable Income (NDI) approach in 2027 to ensure that the assessment of eligibility for aid takes into account demographic factors and liabilities, in addition to income.

KPK Boosts Specialised Oleochemicals Sector, Palm-based Health Products To Reduce Reliance On CPO Exports

KUALA LUMPUR, Oct 26 (Bernama) -- The Ministry of Plantation and Commodities (KPK) is strengthening the specialised oleochemical sector as well as the development of palm-based nutraceutical and pharmaceutical products, to reduce reliance on the export of crude palm oil (CPO).

NGC Energy Eyes Growth Through Stronger Shareholder Partnership, Infrastructure Opportunities

KUALA LUMPUR, Oct 26 (Bernama) -- Liquefied petroleum gas (LPG) solutions provider, NGC Energy Sdn Bhd aims to venture abroad while strengthening its presence in the domestic market, supported by its evolving shareholder structure and potential infrastructure opportunities.

Malaysia Well Positioned To Play Key Role As Regional Data Centre Hub - Moody's Ratings

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 26 (Bernama) -- Malaysia is well positioned to play a key role as a regional data centre hub if it can maintain its competitive advantage, Moody’s Ratings said.

Proposal For CPO Export Tax Exemption Still Under Discussion -- Noraini

By Ahmad Erwan Othman

KUALA LUMPUR, Oct 25 (Bernama) -- The proposal for a 10 per cent export tax exemption on crude palm oil (CPO) for November is still in the planning stage and requires further discussion before any decision is made, said Minister of Plantation and Commodities Datuk Seri Dr Noraini Ahmad.

Malaysia Needs Adequate Power, Grid Capacity To Attract Data Centres - JERA

SINGAPORE, Oct 25 (Bernama) -- Malaysia has significant potential to expand power generation capacity and attract data centre developers, but meeting rising electricity demand will also require adequate transmission capacity and access to land and water, said Japan's largest power generation company, JERA.

Johor Eyes Additional 5 GW Of Solar Energy By 2031 To Meet Data Centre Demand

ISKANDAR PUTERI, Oct 25 (Bernama) -- The Johor government is targeting the generation of about 5 gigawatts (GW) of solar energy over the next four to five years as a long-term solution to meet the surge in electricity demand driven by the rapid growth of the state’s data centre sector.

Japan’s Sugiyo Eyes Bigger Halal Market Share In Malaysia

By Christine Lim

KUALA LUMPUR, Oct 25 (Bernama) -- Leading Japanese processed seafood producer, Sugiyo, is eyeing a bigger slice of the global halal market by expanding its presence in Malaysia.

Linyi International Trade Centre Eyes Greater Participation From Malaysian Companies

From Norhayati Mohd Akhir

LINYI (Shandong), Oct 25 (Bernama) -- The Linyi International Trade Centre in Shandong Province, China, is targeting greater participation from Malaysian companies to expand bilateral trade relations through the provision of a one-stop service ecosystem.

Islamic Finance Has Evolved through Innovation With Purpose To Drive Economic, Social Impact – BNM Governor

By M.Saraswathi and Karina Imran

KUALA LUMPUR, Oct 25 (Bernama) -- Malaysia’s Islamic finance industry is evolving beyond traditional banking to play a wider role in people’s lives and the economy, from helping microentrepreneurs build sustainable businesses to enabling small and medium enterprises (SMEs) to enter global markets. 

Global Investor Chooses Malaysia For US$50 Bln Investment In Tech Sector – Anwar

MELAKA, Oct 24 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today disclosed that a global investor plans to invest US$50 billion (US$1=RM4.08) in the artificial intelligence (AI), new technology and data centre sectors in Sarawak and Peninsular Malaysia.

MyCoverageOKU Facilitates Persons With Disabilities' Access To Insurance, Takaful Info

SHAH ALAM, Oct 24 (Bernama) -- The country’s insurance and takaful industry continues to increase efforts to promote financial inclusion through the launch of MyCoverageOKU, a digital platform that provides easier access to information for persons with disabilities (PwD).