Economy

Saudi Arabia’s Public Investment Fund has launched Al Waha Duty Free Operating Co. as part of its strategy to capture a larger share of the Kingdom’s travel retail market, contributing to the nation’s economic growth. In a…

Southeast Asia's biggest ride-hailing company, Grab Holdings Ltd., is buying a chain of supermarkets in Malaysia. This is part of its plan to grow its grocery business in one of its most important areas. Navis Capital Partners is selling…

Gas Malaysia Bhd recorded a higher net profit of RM441.39 million for the financial year ended December 31, 2024, marking an increase from RM383.40 million in the previous year. In a filing with Bursa Malaysia today, the company…

A total of 396 employees of the Penang Development Corporation (PDC) are set to receive a minimum bonus of one to six months—the highest rate in its history since its establishment in 1969. Its Chief Executive Officer, Datuk Aziz Bakar,…

Bank Islam Malaysia Berhad (Bank Islam) has urged the public to remain vigilant against fraudulent links and fake social media accounts that misuse the bank’s brand and images for scams. In a statement, Bank Islam Group Chief…

The government is not in a hurry to finalize the income threshold for the classification of the top 15 percent of high-income earners, known as T15. Second Finance Minister, Datuk Seri Amir Hamzah Azizan, stated that the Ministry of…

Farmers in several districts of the state have temporarily postponed the rice harvesting process until the government announces the new floor price for rice this Thursday. A survey around Alor Setar and Kubang Pasu found that most rice…

PETRONAS' workforce restructuring aims to ensure that the national oil company continues contributing to the country's development, said its President and CEO, Tengku Tan Sri Muhammad Taufik. Currently, PETRONAS has a workforce of 52,000…

Malaysia needs to implement tax reforms, including reintroducing the Goods and Services Tax (GST) or Value-Added Tax (VAT), according to the World Bank. In its report titled Reducing Inequality and Strengthening Mobility in Malaysia, the…

China has imposed selective tariffs on U.S. imports today and issued warnings to major corporations, including Google, over potential sanctions. The latest move is in response to broad tariffs imposed by President Donald Trump on Chinese…