KUALA LUMPUR, Oct 15 — The Electric Motorcycle Usage Incentive Scheme initiative announced in Budget 2024 is expected to increase the demand and usage of electric motorcycles (e-bikes) in Malaysia and is in line with the government’s target to achieve 15 per cent of electric vehicles (EV) for total motorcycle sales by 2030, said the Malaysia Automotive, Robotics and loT Institute (MARii).

KUALA LUMPUR, Oct 15 — Malaysia will be able to attract more quality and sustainable investments following the announcement of the Budget 2024 by Prime Minister Datuk Seri Anwar Ibrahim on Friday, said the Malaysian Investment Development Authority (Mida).

KUALA LUMPUR, Oct 14 — Malaysia has achieved strong growth in using e-payment due to cooperation and commitment from the public and private sectors as well as urban and rural communities, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Oct 14 — The Federation of Malaysian Manufacturers (FMM) is optimistic the RM200 million allocation in Budget 2024 as the initial fund to drive the New Industrial Masterplan 2030 (NIMP2030) would elevate the sector as the country’s engine of new growth.

KUALA LUMPUR, Oct 14 — The ringgit is expected to remain easier next week, trading in the RM4.72 - RM4.74 range against the US dollar.

PUTRAJAYA, Oct 13 — Information and Communications Technology (ICT), as well as e-commerce, contributed 23 per cent to the nation's economy with a 14.8 per cent growth to register RM412.3 billion in 2022, from RM359.3 billion in 2021, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, Oct 13 — The ringgit concluded the final session for the week on a weaker note against the US dollar, as the greenback strengthened against other currencies over the past 24 hours.

KUALA LUMPUR, Oct 13 — The temporary price controls for eggs and chicken will be lifted so the local market can function freely in ensuring a sufficient supply of these food items.

KUALA LUMPUR, Oct 13 — The choice between the Sales and Service Tax (SST) and the Goods and Services Tax (GST) hinges on Malaysia's economic goals, administrative capabilities, and the need to achieve an optimal balance between revenue generation and the promotion of fairness and equity among the rakyat, said the Finance Ministry (MoF).

KUALA LUMPUR, Oct 13 — Maaysia’s domestic demand is projected to expand by 5.3 per cent in 2024, the Ministry of Finance (MoF) said in its Economic Outlook 2024 report released today.

KUALA LUMPUR, Oct 13 — The Federal government’s revenue collection in 2024 anticipates a marginal growth of 1.5 per cent to RM307.6 billion or 15.6 per cent of gross domestic product (GDP), driven by higher tax collection.

KUALA LUMPUR, Oct 13 — The ringgit traded higher against most major currencies except against the US dollar in the early session today as the greenback strengthened amid the higher-than-expected US inflation data, said an analyst.

KUALA LUMPUR, Oct 12 — AirAsia is offering a 50 per cent discount on one-way base fares exclusively to MYAirline passengers affected by the carrier’s suspension of operations.

KUALA LUMPUR, Oct 12 — Malaysia's manufacturing sector saw its sales value fall 3.3 per cent year-on-year (y-o-y) to RM152.3 billion in August 2023, mainly due to the petroleum chemical, rubber and plastic sub-sector which shrank 12.1 per cent, said the Statistics Department.

KUALA LUMPUR, Oct 12 — The ringgit snapped two consecutive days of gains to open lower against the US dollar on cautious sentiment despite the weaker performance of the greenback.

KUALA LUMPUR, Oct 12 — MYAirline Sdn Bhd has suspended of its operations effective today until further notice due to significant financial pressures.

KUALA LUMPUR, Oct 11 — The ringgit rose against the US dollar at the close amid indications from the US Federal Reserve (US Fed) that there would be no interest rate hikes for the year.

KUALA LUMPUR, Oct 11 — The retail prices of RON97 petrol, RON95 petrol, and diesel remain unchanged at RM3.47, RM2.05, and RM2.15 per litre, respectively, for the October 12 to October 18 period.

PUTRAJAYA, Oct 11 — Malaysia, via the Department of Statistics Malaysia (DOSM), has been elected as the co-chair of the Regional Advisory Board (RAB) Meeting on International Comparison Programme (ICP) 2021 for Asia and the Pacific, effective on Monday (October 9).

KUALA LUMPUR, Oct 11 (Bernama) -- Khazanah Nasional Bhd, via its associate Pulau Kapas Ventures Sdn Bhd (PKV), has announced the strategic divestment of its indirect stake in TIME dotCom Bhd.