KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim will be tabling the Malaysia Madani 2024 Budget at Dewan Rakyat this Friday (Oct 13) afternoon. This will be the second national budget tabled by the unity government under the leadership of Anwar, who is also Finance Minister. The tabling of the Budget, which will begin at 4pm, will...
KUALA LUMPUR: The formation of several task forces between Malaysia and Thailand is a timely move to boost agricultural cooperation and promote tourism in both countries. Malaysian Padi Farmers Brotherhood Organisation (PeSawah) special functions exco Abdul Rashid Yob said through the task forces, Malaysia would be able to gain knowledge and new ideas, learn from Thai...
KOTA KINABALU: Two mini-estates for padi cultivation are being fast-tracked by the Farmers' Association Board in Sabah in an effort to increase rice production. Its deputy director-general Amir Matamin said the 150ha mini-estates will be implemented in the east coast Terusan Sapi area in Beluran district and Kampung Kabatasan in northern Pitas. He said the project was...
KUALA LUMPUR: The benchmark FBM KLCI is expected to extend its recent gains given the less hawkish meeting minutes released by the US Federal Reserve, with the lower liners also expected to tick midly higher due to calmer market conditions, said Apex Research. Overnight, US stock markets recovered from their intraday losses to extend their rebound...
MIRI: Onshore well drilling in Sarawak commenced yesterday after a 50-year hiatus, marking a milestone for oil and gas (O&G) exploration. Sarawak Premier Tan Sri Abang Johari Tun Openg officially launched the commencement of the drilling in a ceremony held at the Grand Old Lady, the site where the first oil well in Malaysia was drilled...
PETALING JAYA: The initial public offering (IPO) exercise of machinery and equipment unit Borsig GmbH on the Singapore Exchange (SGX) should uplift KNM Group Bhd by aiding its repayments to creditors, says Borsig chief executive officer (CEO) Jurgen Stegger. In a statement yesterday, he highlighted that Borsig has continued to shine as a valuable asset within the KNM...
PETALING JAYA: The government needs to be bold and brave in terms of implementing strategies and reforms to tighten the fiscal screws in the upcoming Budget 2024, says Pankajkumar Bipinchandra, who is managing director of Datametrics Research and Information Centre. One of the effective ways to address the budget deficit is to cut fuel subsidies by...
KUALA LUMPUR: Bumi Armada Bhd's approval from the American Bureau of Shipping (ABS) for a proposed floating LNG (FLNG) concept is expected to open doors for the company. In an announcement yesterday, the offshore services provider said it had developed the barge-based liquefaction unit for a standardised LNG design capacity based on a modularised and repeatable compact...
KUALA LUMPUR: Investors on Bursa Malaysia continued to position themselves for the tabling of Budget 2024 on Friday amid a global market rally as recent comments from US Federal Reserve officials suggested fears of another rate hike were overdone. At 12.30pm, the benchmark FBM KLCI was up 9.05 points to 1,445.54 while the overall market was...
HONG KONG: The Special Administrative Region’s affluent become Hong Kong dollar millionaires at the age of 33 on average and are expected to build HK$10mil in liquid assets by an average age of 62, the latest HSBC Premier 2023 Affluent Survey finds. According to the survey, 61% of respondents bank on savings from their salary...
