KUALA LUMPUR: The United States sees Malaysia as a key partner even as South-East Asia navigates growing engagement with China, citing the country's focused and professional approach to advancing bilateral trade talks, says US Ambassador to Malaysia Edgard Kagan (pic). He said Washington does not see growing ties with China as a threat to its own...
KUALA LUMPUR: Boost Bank, Malaysia’s first homegrown digital bank, has partnered with Tenaga Nasional Bhd (TNB) to offer customers greater savings and rewards — enabling them to earn daily high-interest returns and enjoy cashback when managing their TNB bills. Enjoy smart savings From June 4 to Aug 31, new Boost Bank customers can unlock the exclusive TNB...
Gold prices climbed on Friday to their highest levels in nearly two months, and were on track for a weekly gain, after Israeli military strikes on Iran drove investors toward safe-haven assets. Spot gold was up 1.2% at $3,423.30 an ounce, as of 0544 GMT, after hitting its highest since April 22 earlier in the session....
JOHOR BARU: Johor has emerged as Malaysia’s top investment destination for the first quarter of 2025, recording RM30.1bil in approved investments, according to Lee Ting Han (pic). The state investment, trade, consumer affairs, and human resources committee chairman declared the achievement a proud moment for Johor. "The figure not only positions Johor at the forefront of national...
PETALING JAYA: The Finance Ministry has clarified details regarding the expanded Sales and Service Tax (SST), specifying that the 5% tax is levied on goods manufactured locally and on imports. "If the fruits are imported, they will be subject to the 5% sales tax," the Ministry stated. However, it confirmed that locally grown fruits are exempted...
KOTA BHARU: A permanent wall or fence along the Kelantan-Thailand border is viewed as the most effective solution to combat persistent smuggling activities in the state, says Kelantan police chief Datuk Mohd Yusoff Mamat. He said the 45km border stretch remains too exposed, making comprehensive enforcement challenging. "For that entire stretch, we have only eight control posts....
PETALING JAYA: The Employees Provident Fund (EPF) has emerged as a substantial shareholder in 99 Speed Mart Retail Holdings Bhd after acquiring a 0.07% stake in the company. In an amended filing with Bursa Malaysia, the EPF clarified that it had acquired six million shares in the minimart chain operator on June 4 and not 421.79...
IPOH: A total of 385 solar-powered streetlights are planned for installation along the stretch of the East-West Highway in Gerik, where a fatal crash claimed the lives of 15 Universiti Pendidikan Sultan Idris (UPSI) students. Perak Public Works Department director Zamri Mat Kasim said the units have already been tendered for installation in the area. The tender...
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) remains committed to safeguarding employee welfare amid a global polycrisis and mounting challenges in maximising the country’s oil and gas potential. The national oil company announced plans for workforce adjustments, estimating a 10% reduction as part of a group-wide restructuring to cut costs amid falling crude prices and continued market...
BEIJING: In the first five months of this year, the customs of two major airports in Beijing processed departure tax refund applications for overseas travellers totalling approximately 478 million yuan (about US$66.52 million), up 91.61 per cent year-on-year, setting a new record high for the same period in history, according to Beijing Customs. From January to...
