Business

Credit : Bernama Images KUALA LUMPUR: Moody’s Ratings has reaffirmed Malaysia’s sovereign credit rating at “A3” with a stable outlook, recognizing the country’s strong economic fundamentals and commitment to fiscal reforms, according to a statement from the Finance Ministry (MoF). Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim highlighted the rating as a testament […]

FRANKFURT: German sportswear giants Adidas and Puma are planning cost-cutting measures, including potential job cuts, to improve profitability and navigate post-crisis challenges. Adidas revealed it is reassessing its business structure to ensure “long-term success,” which could impact up to 500 positions at its Herzogenaurach headquarters, according to German media. CEO Bjorn Gulden is focused on

Credit : Bernama Images PUTRAJAYA: The National Journalists’ Day (Hawana) celebrations this year will bring together media organisations from across Asean to strengthen regional cooperation and address the pressing challenges faced by the industry, says Communications Minister Fahmi Fadzil. Set to coincide with Malaysia’s Asean chairmanship, the event will invite Asean media practitioners for discussions

KUALA LUMPUR: A new Investment Incentive Framework (NIIF) will be unveiled by mid-2025 to attract high-value investments and promote sustainable economic growth, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz announced during a press briefing on the 2025 Budget. The NIIF aims to prioritize investments that align with Malaysia’s long-term economic goals, focusing on high-value

Credit : Bernama Images DAVOS: Prime Minister Datuk Seri Anwar Ibrahim hailed the Johor-Singapore Special Economic Zone (JS-SEZ) as a groundbreaking initiative, underscoring its potential to boost economic cooperation between Malaysia and Singapore. Speaking at the “Country Strategy Dialogue” during the World Economic Forum (WEF) 2025, Anwar emphasized the mutual trust underpinning this unique collaboration.

Credit : Bernama Images DAVOS, Switzerland (21 JAN) Prime Minister Datuk Seri Anwar Ibrahim arrived in Davos on Monday for the World Economic Forum (WEF) Annual Summit 2025, a prestigious gathering of global leaders to address pressing global and regional challenges through enhanced cooperation. Anwar, is accompanied by Malaysian ministers, including Tengku Datuk Seri Zafrul

PETALING JAYA: The Inland Revenue Board (LHDN) announced positive uptake of its e-invoicing system, with 17,000 taxpayers now actively using the platform, generating over 137 million e-invoices. As of yesterday, 7,000 taxpayers had joined under Phase 11, with 4,900 from Phase III voluntarily adopting the system ahead of schedule. “This growing participation demonstrates increased understanding

NEW YORK/LONDON (Jan 18): Global equities rose on Friday, driven by strong economic data and upbeat corporate earnings, while US Treasury yields and the dollar rebounded after recent declines. MSCI’s global equities index gained 0.78%, with Wall Street’s major indices posting solid weekly gains. The Dow Jones climbed 0.78% to 43,487.83, the S&P 500 rose

KUALA LUMPUR: Malaysia’s Tier 2 classification under the United States’ new artificial intelligence (AI) chip export restrictions is expected to have minimal impact on existing data centres, according to Deputy Investment, Trade and Industry Minister Liew Chin Tong. Speaking at the Rehda Institute’s CEO Series 2025, Liew said, “As far as we understand, it has

PETALING JAYA: Johor Bahru’s emergence as a key economic hub will rely on seamless collaboration between Malaysia’s federal and state governments and their strategic partnership with Singapore. Knight Frank Malaysia’s executive director Allan Sim emphasized that synchronized policies between the two nations are crucial. “Johor Bahru’s growth hinges on federal-state cooperation and its synergy with