Tag: malaysia
IJM Corp entered into a deal with KLK to dispose of the entire stake...
IJM Corp has agreed to sell its entire 56.2% stake in IJM Plantations to KLK for RM1.53 billion, or RM3.10 per share. The transaction is pending shareholder and creditor approval. KLK intends to maintain IJM Plantations' listing on Bursa Malaysia and has valued the company at RM2.73 billion.
Bank Negara, Bank of Thailand launch cross-border QR payment linkage
Bank Negara Malaysia and The Bank of Thailand have launched a cross-border QR payment system, allowing shoppers and traders in both countries to make instant digital payments. The initiative, initiated in June 2020, connects real-time retail payment platforms RPP/DuitNow and PromptPay, facilitating seamless financial transactions.
Malaysia maintains CPO export tax at 8% for July
Malaysia keeps Crude Palm Oil (CPO) export tax at 8% for July, following market performance above RM3,450 per tonne. The Royal Malaysian Customs Department confirmed the tax rate, with the country setting a reference price of RM4,668.15 per ton for the month.
HSBC: Malaysia, Singapore regional hubs for green financing
Malaysia and Singapore are emerging as key regional centers for green and sustainable finance, with Malaysia's green bond and sukuk market reaching US $2.6 billion. The Climate Bonds Initiative, supported by HSBC, reports continued growth in sustainable financial markets, emphasizing the importance of environmentally responsible investment strategies.
Austria’s AT&S picks Malaysia as a tech hub
AT&S, an Austrian printed circuit board manufacturer, has selected Malaysia for its first Southeast Asian production facility. The company will invest 8.5 billion ringgits in Kedah's Kulim High-Tech Park, creating 5,000 high-tech jobs and producing advanced printed circuit boards and integrated circuit substrates.
Malaysia extends tax break for corporate investors to 2022.
The Malaysian government has extended the tax exemption for corporate investors of retail money market funds until January 1, 2022. This fiscal measure aims to provide continued support to businesses recovering from the economic challenges caused by the COVID-19 pandemic.
Malaysia’s trade performance breaks record in April
Malaysia's Department of Statistics reports impressive trade performance in April, with exports reaching RM 105.6 billion and imports at RM 85.1 billion, marking a significant recovery from the COVID-19 pandemic's economic impact.
Malaysia’s Petronas signs the first Canadian-indexed LNG deal.
Malaysia's Petronas, a leading petroleum corporation, has signed its inaugural LNG deal using Canadian pricing indicators, marking a significant milestone in international energy trading for the state-owned company.
