Ringgit Strengthens 0.2% as Steady Investor Inflows Lift Confidence The ringgit strengthens by 0.2% against the US dollar, closing firmer in Kuala Lumpur as steady investor inflows continued into Malaysian bonds and shares. It also performed better against a wide range of major global currencies. This reflects growing confidence in local demand, stable policies and…
Digital Services and Low-Value Goods Taxes Drive Strong Revenue Growth Malaysia has collected close to RM2.1 billion from Digital Services & Low-Value Goods Trade, thus showing strong gains from taxes aimed at the fast-growing online economy. RM1.62 billion came from the Service Tax on Digital Services (STODS), while RM476 million was raised through the Low…
Malaysia Is Among the Few Markets in Asia To Improve Financial Inclusion In 2025 Malaysia has emerged as one of the few countries to record meaningful progress in financial inclusion in 2025. It was one of only two markets worldwide to post year-on-year gains across all three pillars of the Global Financial Inclusion Index: government…
Malaysia’s “Sovereign AI Cloud” Takes Centre Stage in Budget 2026 Malaysia has unveiled plans for a major new initiative, the “sovereign AI cloud”, which is central to the country’s aim of becoming an advanced AI nation by 2030. The project will be led by the Malaysian Communications and Multimedia Commission (MCMC) and is supported by…
Malaysia Brings USD15 Billion in Foreign Investments in First Quarter Malaysia has attracted nearly USD15 billion across key sectors. These include semiconductors, data centres, logistics, and automotive manufacturing. Despite global uncertainty and trade tensions, the Malaysian Investment Development Authority (MIDA) reported that almost 70% of total approved investments — worth about USD21 billion — came…
Malaysia’s Electricity Tariff Reform Will Help Businesses Track Fossil Fuel Costs and Invest in Clean Energy The new electricity tariff reform being introduced in Malaysia will provide businesses with greater visibility into energy costs and encourage investment in cleaner alternatives. The Energy Commission announced that Peninsular Malaysia’s new tariff structure will separate energy, capacity, network…
Malaysia Palm Oil Stocks Highest in the Last Two Years Malaysia’s palm oil stocks are at its peak in the last two years, climbing for the fifth straight month in July as output growth outpaced exports. Inventories rose 4.02% from June to 2.11 million metric tonnes, while crude palm oil production increased 7.09% to 1.81…
Malaysia Stands to Gain RM4 billion in Potential Investment from French Firms Investing Malaysia has secured potential investments worth RM4 billion from French firms investing in key industries. Several French firms investing in Malaysia have already expressed an interest in the up-and-coming sectors. These include high-tech manufacturing, aerospace, renewable energy, tourism, hospitality, the digital economy,…
Malaysia Revises SST Scope, Adding New Taxable Items and Service Sectors Starting 1 July 2025, Malaysia will expand its Sales and Services Tax (SST) regime as part of a broader fiscal reform. The changes significantly widen the SST scope, with new goods and services coming under tax, particularly in high-spending sectors. Sales Tax Changes The…
10,000 Workers in Malaysia Will Be Trained in Emergency Response for High-Risk Industries Approximately 10,000 workers based in high-risk industries are set to receive emergency aid and safety training as part of Malaysia’s initiative to enhance workplace safety. This safety training initiative targets high-risk industries and aims to boost emergency preparedness among both employers and…