KUALA LUMPUR: The Dewan Rakyat has passed the Cross-Border Insolvency Bill 2025, enabling local creditors to recover debts from insolvent companies within the Asean region. The Bill was passed by a voice vote after being debated by 11 MPs from both the Government and Opposition blocs. Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk...
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim said the government is committed to consistently reducing the country's fiscal deficit to ensure a more sustainable economy and to maintain investor confidence. Anwar, who is also the Finance Minister, said the fiscal deficit was at 5.5% when he assumed leadership in 2022. It was reduced to 4.1% in 2024,...
KUALA LUMPUR: Malaysia has urged to fully exploit the significant potential of its rare earth elements (REE) industry, particularly from local sources, according to Prime Minister Datuk Seri Anwar Ibrahim (pic). In chairing the National Economic Action Council (MTEN) Meeting Number 6 for 2024, Anwar stressed that collaboration with international players possessing expertise must be aimed...
