Penang News
Malaysia's national e-invoicing initiative has marked a significant milestone with over 106,000 businesses adopting the system, generating transactions surpassing RM675 million. This digital transformation effort reflects the country's commitment to leveraging technology for economic modernization. For Penang, a state known for its dynamic SME landscape
Penang News
The Inland Revenue Board (LHDN) of Malaysia recently announced a revision in the tax estimate deadline, aiming to minimise overpayments, as stated by Deputy Finance Minister Lim Hui Ying. This policy adjustment, while national in scope, holds nuanced implications for Penang’s diverse economic landscape, particularly impacting corporate cash flow
Penang News
The recent announcement by Malaysia’s Ministry of Finance (MoF) about the government’s deliberate pacing in implementing the rationalisation of RON95 fuel subsidies signals a careful recalibration of fiscal and economic policies. This delay, driven by meticulous planning, has direct and nuanced implications for Penang’s economy and business
Penang News
Malaysia's Attorney General's recent affirmation that the government reserves the right to end the Agreement on Reciprocal Trade (ART) with the United States at any time is a development with far-reaching implications for Penang. As a leading Malaysian state that actively participates in export-led growth and
Penang News
The recent criticism by the Malaysian Palm Oil Board (MPOB) chairman of global environmental policies’ double standards highlights a significant discourse that resonates strongly within Malaysia’s palm oil sector — a sector with important economic linkages for Penang. The chairman’s contention that palm oil faces disproportionate scrutiny compared to
Penang News
Bursa Malaysia’s recent close at an intraday high reflects renewed optimism among bargain hunters, particularly with banking stocks leading the gains. This movement signals broad investor confidence that has important reverberations for Penang’s economic environment. As Malaysia’s third-largest exchange, Bursa acts as a barometer for economic sentiment
Penang News
The Department of Environment (DoE) in Malaysia’s move to hire 3,000 additional officers marks a significant development in the nation’s commitment toward environmental governance. For Penang, a state known for its robust industrial base and growing urban complexity, this initiative signals a turning point in how environmental
Penang News
Malaysia's Department of Statistics (DoSM) recent data revealing a child population of 9.03 million, comprising 26.4% of the total national population, underscores a demographic trend with multifaceted implications. This sizeable youth cohort presents both a challenge and an opportunity for Penang’s development strategy, especially within
Penang News
Malaysia's recent government measures to reduce reliance on foreign labour have resulted in a 13% decrease in the number of legally registered foreign workers, now totaling approximately 2.13 million. For Penang, a state with a significant industrial base particularly in manufacturing and electronics, this shift holds considerable
Penang News
Context: Targeting Leakages In Essential Goods Subsidies The recent announcement from Putrajaya about aiming for tighter controls over subsidies on staple commodities such as rice, sugar, and cooking oil reflects an ongoing effort to improve fiscal discipline and enhance subsidy effectiveness. Deputy Finance Minister Lim Hui Ying’s statement signals
Penang News
The Ministry of Digital Malaysia’s recent focus on shaping policy around blockchain technology signals an important pivot in the nation’s digital economy strategy. As Penang continues to carve out its niche as a technology and innovation hub in the region, strategic moves at the federal level create both
Penang News
The recent upward trajectory of Bursa Malaysia, buoyed by positive Wall Street performances and renewed investor interest in artificial intelligence (AI) and strong corporate earnings, resonates deeply with Penang’s economic environment. While the headlines capture market sentiment at a national level, the implications for Penang's policy and