Budget 2024, MYAirline Ceases, MIDA’s New Fund Take Up Salient Headlines

Budget Madani 2024 Table On Largest Allocation In History of RM393.8Billion, Economic Growth To Surpass 4 to 5%

Prime Minister Datuk Seri Anwar Ibrahim is presenting the much-anticipated national Budget Madani 2024 which is expected to roll out bolder measures and reforms under the theme of “Madani Economy: Empowering the People” in Parliament today (Friday, Oct 13).

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Mavcom: MyAirline Must Refund Customers Who Booked Tickets Even As Ops Cease

MYAirline must take responsibility and reimburse its customers who have booked its flights but can no longer travel after the budget flyer suspended its operations abruptly, the Malaysian Aviation Commission (Mavcom) said today (Oct 12).

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Shell Terminates Contract With Sapura Energy

Sapura Energy has informed that its 2020 contract award by Shell Eastern Petroleum to Sapura Offshore Sdn Bhd (Singapore Branch) a wholly owned subsidiary of SEB has now been terminated.

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Hextar Global To Acquire Durian Plantations For RM84 Million

Hextar Global informed its shareholders that its subsidiary Hextar Fruits Sdn Bhd had entered into a sales and purchase agreement with 4 companies involved in durian plantation and distribution for a proposed acquisition value of RM84 million.

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Maybank, Sime Darby Property Introduce 10 Second Home Ownership Approval Process

Maybank and Sime Darby Property announced a strategic collaboration by integrating Maybank Home2 u financing platform into Sime Darby Property’s Online Booking System (OBS), giving potential home buyers to check their eligibility and apply for home financing instantly and receive approval approximately within 10 seconds.

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MRCB To Dispose Menara CelcomDigi To Sentral REIT For RM450 Million

Malaysian Resources Corporation Berhad via its subsidiary Puncak Wangi Sdn Bhd has proposed to dispose of office tower Menara CelcomDigi Sentral REIT for cash consideration of RM450 million.

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MIDA Launches Funds For MNCs and Companies In Automation, Digitalisation, ESG

The Malaysian Investment Development Authority (MIDA) has launched new funding facilitation to spur industrial growth and foster economic development the Domestic Investment Accelerator Fund (DIAF), the MADANI Smart Automation Grant (SAG MADANI), and the Foreign Investment Accelerator Fund.

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Tan Teng Boo Of iCapital Says Time To Buy Malaysian Equities

Tan Teng Boo, of iCapital.biz believes that the future for Malaysian equities looks bright despite challenges from pandemic recovery, geopolitical tensions, political turmoil, soaring global inflation, volatile exchange rates and extreme climate pattern.

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