Category: Business

IT IS very common for businesses to sign long-term contracts that will go beyond one year. At the time of signing these contracts, the parties to the contracts would not have anticipated the expansion of the Sales and Service Tax (SST) and therefore not built in the necessary clauses to apply the additional taxes. When… Continue reading Tax Matters – Non-reviewable contracts: Relief or missed opportunity from SST?

PETALING JAYA: TikTok Shop is emerging as the growth driver for Malaysian small and medium enterprises through its social media engagement and e-commerce combination known as “shoppertainment”. For local creators interviewed by SunBiz, the platform has become a game changer. Pinn Yang, for example, said TikTok Shop finally bridged the gap between content discovery and… Continue reading TikTok Shop emerging as growth driver for Malaysian SMEs through ‘shoppertainment’

KUALA LUMPUR: Malaysia’s fiscal consolidation efforts are beginning to bear fruit, with measures to narrow the deficit and reduce government debt gaining traction despite criticism, signalling a positive outlook for the country’s sovereign credit ratings. “Our foreign reserves have risen to US$119.9 billion (RM507 billion) from US$115.5 billion in the first half of 2025, while… Continue reading Malaysia’s fiscal position improving as consolidation efforts start to pay off: Economist

PETALING JAYA: Agrobank has launched the Agro Pintar Niaga Programme (AgroPintar), an initiative designed to empower microentrepreneurs through a combination of financing, i-Tekad grant matching and structured entrepreneurship training to help them manage and grow their businesses sustainably. Group president/CEO Tengku Datuk Ahmad Badli Shah Raja Hussin said, “AgroPintar is a holistic programme that offers… Continue reading Agrobank launches RM50m AgroPintar to support microentrepreneurs

JOHOR BAHRU: Global pioneer in digital infrastructure platform, DayOne Data Centers (DayOne) is focusing on optimising its energy and water consumption to support Malaysia’s sustainability goals while maintaining high-performance operations as global demand for digital infrastructure surges. DayOne Data Centers Malaysia Sdn Bhd general manager Jimmy Yan said data centres inherently consume a significant amount… Continue reading DayOne Data Centers prioritises efficient use of power and water

PETALING JAYA: Malaysia Aviation Group (MAG), the parent company of national carrier Malaysia Airlines, has exercised its purchase rights for 20 additional A330neo aircraft through a direct order with Airbus – reaffirming its commitment to a long-term strategy for fleet renewal and network development. With this latest acquisition, Malaysia Airlines is set to become one… Continue reading Malaysia Aviation Group exercises purchase rights for 20 additional A330neo aircraft

PETALING JAYA: AirAsia Bhd, a wholly owned subsidiary of Capital A Bhd, has signed a landmark agreement with Airbus valued at US$12.25 billion (RM51.75 billion) for 50 A321XLRs with rights for 20 more. With the agreement, the airline is taking a major step towards becoming the world’s first low-cost narrow-body network carrier, anchored by its… Continue reading AirAsia signs US$12.25 billion deal for 50 A321XLRs with rights for 20 more

KUALA LUMPUR: Alpha International Training and Consultancy is pioneering a transformative approach to workplace well-being – one that sets new global benchmarks, with the company at the forefront of transforming employee health and productivity, both in Malaysia and internationally. With United Nations approval, the Certified Fatigue and Fitness Accredited Programme, led by Alpha International CEO… Continue reading Alpha International sets new global benchmarks in workplace well-being

AYER KEROH: MTD Properties Sdn Bhd is set to develop two property projects here, comprising residential and industrial units, with phased construction expected to begin this year. MTD group CEO Reime Rizal Abd Aziz stated that the projects – to be developed in Taman Tasik Utama, Ayer Keroh – are the MTD Nexus 28 Industrial… Continue reading MTD kicks off two projects in Malacca

JOHOR BAHRU: A new lifestyle destination has arrived in Johor with the launch of Amberwood Resort Residences, an exclusive development born from a strategic collaboration between PIJ Property Development Sdn Bhd (PIJ Property) and Fiamma Holdings Bhd (Fiamma), with Chin Hin Group Property Bhd (CHGP) appointed as the project manager. This partnership brings together local… Continue reading Amberwood Resort Residences – new lifestyle address in Johor

KUALA LUMPUR: For the third year in a row, SkyWorld Development Bhd has received global recognition at the Fiabci World Prix d’Excellence Awards 2025, this time earning the World Silver Award in the Residential High Rise category for its parkfront development SkyLuxe On The Park Residences in Bukit Jalil. The company previously secured Gold Awards… Continue reading SkyWorld scores third win at Fiabci global awards

PETALING JAYA: The unit price index of steel showed a decrease between -0.1% and -3.1% in May 2025 compared to the previous month, according to Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin. The highest decrease was recorded in Miri (-3.1%), followed by Tawau (-2.4%) and Selangor, Kuala Lumpur, Malacca & Negeri Sembilan (-2.3%).… Continue reading Unit price index for steel slips in May

HO CHI MINH CITY: Tetra Pak, a Swedish-Swiss multinational food processing and packaging solutions company, sees strong growth potential in Malaysia and across Asia-Pacific beyond the milk category, said its president and CEO Adolfo Orive. He highlighted growing consumer demand for a variety of beverages such as plant-based, fruit juices, coffee, iced tea, protein-enriched, oatmeal… Continue reading Tetra Pak sees strong growth potential beyond daily sector

PARIS: Air France-KLM plans to increase its stake in Scandinavian airline SAS to 60.5%, the latest step towards consolidating Europe’s fragmented airline sector as carriers seek to strengthen their position against rivals. The French airline group said yesterday it intended to increase its stake from 19.9% currently by acquiring the stakes held by top shareholder… Continue reading Air France-KLM to buy major stake in SAS

SEOUL: South Korea’s Trade Minister Yeo Han-koo said yesterday that he might request an extension of the freeze on US tariffs that is set to expire within days when he heads to Washington for talks with US officials. Yeo, who became South Korea’s new trade envoy last month, is due to fly to the US… Continue reading South Korea may ask US to extend tariff freeze

BEIJING: China’s automakers are outpacing foreign rivals in their push for assisted-driving technology, eager to woo motorists hungry for rapid innovation. Yet, Beijing has a nuanced message for its rising stars: move fast – but be careful. Regulators this week have been finalising new safety rules for driver-assistance systems as Beijing sharpens scrutiny of the… Continue reading China urges caution, speed on driver-assist tech

SHANGHAI: Air cargo shipment volume from Asia has declined by double digits since the US cancelled a tax exemption for low-value packages from China early in May, trade groups and analysts said. Air cargo demand from Asia to North America declined 10.7% in May versus the same month a year earlier, showed data from the… Continue reading Air cargo shipments from Asia to US slump

KUALA LUMPUR: Malaysian-owned technology firm, Zchwantech Titan Lda, has successfully conducted a high-level technology showcase for the Government of Timor-Leste, presenting its flagship National Digital Identity platform as part of the country’s broader vision to modernise public services and accelerate digital governance. The strategic engagement took place during an official working visit by senior representatives… Continue reading Malaysian-owned Zchwantech Titan showcases national DI platform to Timor-Leste government

KUALA LUMPUR: Pos Malaysia Bhd’s integrated fulfilment and e-commerce logistics service, Pos Fulfill, is looking towards expanding its footprint across Southeast Asia, as it is uniquely positioned to capitalise on both regional collaboration and local expertise. The group’s established postal network throughout the region – coupled with Malaysia’s current Asean Chair status within the bloc’s… Continue reading Pos Malaysia’s fulfilment arm aims to stamp its mark across Southeast Asia

KUALA LUMPUR: Subsidy reform is often considered a necessity, especially as governments grapple with fiscal constraints. however, the way subsidies are targeted can have serious implications for the poor. Dr Muhammed Abdul Khalid, research fellow at Institute of Malaysian and International Studies (Ikmas), Universiti Kebangsaan Malaysia. said targeted subsidies frequently fail to reach the most… Continue reading Subsidy reform must be done gradually with inclusion as core principle: Expert

PETALING JAYA: In a move to bolster regional economic integration and facilitate foreign direct investment (FDI) flows, UOB signed a tripartite memorandum of understanding (MoU) with the Federation of Malaysian Manufacturing (FMM) and the Singapore Manufacturing Federation (SMF) at the Asean Conference in Singapore today. The strategic partnership aims to strengthen the Malaysia-Singapore manufacturing corridor… Continue reading UOB, FMM, SMF in pact to spur cross-border manufacturing projects, investments

KUALA LUMPUR: The national AI regulatory framework is expected to be tabled by the second half of next year, said Digital Minister Gobind Singh Deo. He said Malaysia needs AI governance, but it has not yet been decided if this will involve new legislation, regulations, or just standards. “I hope to get something tabled. If… Continue reading National AI regulatory framework expected to be tabled by second half of next year: Gobind

KUALA LUMPUR: Integrated engineering solutions provider, Kelington Group Berhad, via its subsidiary, Ace Gases Marketing Sdn Bhd has signed a memorandum of understanding (MoU) with Petronas CCS Solutions Sdn Bhd (PCCSS). The collaboration will explore joint value propositions through a feasibility study leveraging Ace Gases’ expertise in carbon dioxide (COâ‚‚) logistics and facility operations. This… Continue reading Kelington collaborates with Petronas CCS Solutions to explore carbon capture technologies

KUALA LUMPUR: Integrated facilities management (IFM) services provider GFM Services Bhd signed a conditional share sale agreement with Shapadu Corporation Sdn Bhd to acquire a 60% equity interest in Shapadu Energy Sdn Bhd for RM30 million. The acquisition follows the signing of the heads of agreement by both parties in December 2024. GFM Services group… Continue reading ​GFM Services acquires 60% of Shapadu Energy

PETALING JAYA: Malaysia Digital Economy Corporation (MDEC) continues to drive the nation’s digital economy across Asean, strengthening regional cooperation and market access for Malaysian companies. The agency’s latest initiative under the DEX CONNEX Indonesia programme brought 83 Malaysian tech companies into the Indonesian market, which generated more than RM450 million in digital export opportunities. DEX… Continue reading M’sian firms bag RM450m potential digital exports to Indonesia

KUALA LUMPUR: The ringgit opened higher against the US dollar on Thursday, rebounding from a weaker close the day before, as traders turned cautious and pared greenback holdings ahead of the July 9 expiry of the United States’ 90-day tariff pause, an analyst said. At 8 am, the local note stood at 4.2205/2295 against the… Continue reading Ringgit rises as traders turn cautious ahead of US tariff move

KUALA LUMPUR: ASM Automation Group Bhd, a home-grown automation machinery solutions provider, marked a key milestone today with its listing on the ACE Market of Bursa Malaysia. The company’s shares opened at 17 sen each, matching the initial public offering (IPO) price. The counter closed at 16.5 sen, 0.5 sen or 2.9% below the offer… Continue reading ASM Automation makes ACE Market debut, shares open unchanged from IPO price

PUTRAJAYA: Malaysia remains on solid footing due to its inclusive and long-term economic strategy despite geopolitical tensions in the Middle East raising concerns over the potential closure of the Strait of Hormuz and disruptions to global energy supply. The Investment, Trade and Industry Ministry’s bilateral economic and trade relations division director, Raveendran Nair, said Malaysia’s… Continue reading Diversification ensures Malaysia’s economy remains resilient: Miti official

PETALING JAYA: Prasarana Malaysia Bhd has launched digital platform Vendor ESG Hub to help nearly 5,000 registered vendors, including SMEs, enhance their capacity to implement sustainable business practices. Prasarana Group president and CEO Mohd Azharuddin Mat Sah said the initiative was a strategic move to strengthen the vendor ecosystem in Prasarana’s supply chain to ensure… Continue reading Prasarana launches digital platform to help vendors implement ESG practices

KUALA LUMPUR: Integrated facilities management (IFM) services provider GFM Services Bhd signed a conditional share sale agreement with Shapadu Corporation Sdn Bhd to acquire a 60% equity interest in Shapadu Energy Sdn Bhd for RM30 million. The acquisition follows the signing of the heads of agreement by both parties in December 2024. GFM Services group… Continue reading GFM to acquire 60%-equity stake in Shapadu Energy for RM30m, strengthening O&G presence

KUALA LUMPUR: Malaysia’s fashion industry enters a bold new era with the launch of the International Fashion Chamber Malaysia (MyFashionChamber) – a national platform uniting designers, educators, artisans, and innovators under one mission: to connect creativity with commerce and elevate Malaysia’s global fashion standing. Malaysia’s textile and apparel exports continue to show resilience, with knitted… Continue reading MyFashionChamber to put Malaysia on global map

KUALA LUMPUR: Johor Corporation (JCorp) and its group of companies announced consolidated financial results for the financial year ended Dec 31, 2024 (FY24), recording revenue of RM6.96 billion, a 12% increase from RM6.2 billion in FY23. In a statement yesterday, JCorp said the performance reflects continued momentum under the JCorp 3.0 Reinvention Plan, which is… Continue reading Johor Corp posts strong revenue, earnings growth

KUALA LUMPUR: Supratechnic (M) Sdn Bhd, a wholly-owned indirect subsidiary of Singapore mainboard-listed USP Group Ltd, and Malaysia’s distributor of marine engines, hardware, and related maritime services, signed an exclusive distribution agreement with Hangzhou Hidea Power Machinery Co Ltd, China’s leading outboard motor manufacturer. Effective July 1, 2025, the agreement grants Supratechnic sole distribution rights… Continue reading Supratechnic appointed as exclusive distributor for Hidea outboard motors in Malaysia, Singapore

Avangaad has consistently demonstrated its operational excellence and reliability in managing and operating critical marine assets for Northport. KUALA LUMPUR: Avangaad Bhd, a Bursa Malaysia main market-listed marine transportation and offshore storage specialist, and Libra Perfex Precision Sdn Bhd secured a new contract from Northport (Malaysia) Bhd for RM66.8 million. Extending beyond its stable tenure-based… Continue reading Avangaad locks in RM66.8m in port services portfolio with Northport

DEL MONTE FOODS kicked off efforts to pursue a sale as it filed for Chapter 11 bankruptcy proceedings in the United States on Tuesday under an agreement with certain key lenders, the company said in a statement. The company has secured $912.5 million in financing to support itself through the proceedings, it said, adding that… Continue reading Del Monte Foods files for US bankruptcy, seeks buyer amid restructuring

KUALA LUMPUR: The ringgit strengthened against the US dollar in early trading on Wednesday, benefiting from ongoing weakness in the greenback due to fiscal uncertainties and tariff risks in the United States. At 8 am, the local currency traded at 4.1870/2065 against the US dollar, up from Tuesday’s close of 4.1995/2005. The US Dollar Index… Continue reading Ringgit gains as US dollar weakens amid fiscal concerns

KUALA LUMPUR: India is keen to deepen its already robust business linkages with Malaysia in the fast-growing semiconductor industry and digital economy. India’s High Commissioner to Malaysia, B N Reddy, said Malaysia has long been recognised as a leader in the semiconductor sector. Besides this, Malaysia had expressed keen interest in partnering with India in… Continue reading India seeks stronger semiconductor and digital economy ties with Malaysia