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Increasing WPL Threshold Will Be A Boon For Plantation Sector

October 9, 2024

KUALA LUMPUR, CIMB Securities Sdn Bhd believes that raising the windfall profit levy (WPL) threshold to around RM4,500 per tonne would benefit the plantation sector, ahead of Budget 2025 which will be presented on Oct 18.

In a note

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Petron: No Disruption To Petroleum Products Supply Amid Refinery Maintenance

October 9, 2024

KUALA LUMPUR, Petron Malaysia Refining and Marketing Bhd’s (Petron Malaysia) refinery at Port Dickson, Negeri Sembilan, will undergo a maintenance shutdown for eight weeks to facilitate repairs to its furnaces.

Despite the shutdown, the oil company …

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Labuan’s Asia International Exchange Launches Revolutionary Digital Asset Platform

October 9, 2024

LABUAN, The Asia International Exchange (AIX) marked a significant milestone today with the soft launch of its digital asset platform, positioning Labuan as a key financial technology (fintech) hub in the region.

AIX Investment Group Company Ltd chi…

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Mitsubishi Power Aims To Expand Gas Turbine Expertise In Asia Pacific

October 9, 2024

KUALA LUMPUR, Mitsubishi Power Asia Pacific Pte Ltd aims to expand its gas turbine expertise in Southeast Asia, given the significant utilisation potential of natural gas and liquefied natural gas (LNG) in the region.

Its managing director/chief exe…

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Rise Of Fintech, AI Requires Clear, Strong Governance Framework – ADFIM

October 9, 2024

KUALA LUMPUR, The rise of financial technology (fintech) and artificial intelligence (AI) in today’s rapidly changing world presents both opportunities and challenges such as the use of AI in credit scoring that has raised concerns about algorithm bi…

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