Business
Malaysia
MalaysiaBursa Malaysia Ends Lower
The FBM KLCI rose 0.03% to 1,630.87 on October 2, 2026, despite a weekly decline of 2.4%. GAMUDA was the top gainer of the FBM KLCI on September 29.
Business
Business Malaysia
MalaysiaIOI Properties Acquires Shenton House for $1
IOI Properties has agreed to buy Shenton House from its group CEO, Lee Yeow Seng, for $1. The company will also settle a $217 million advance. The deal is part of IOI Properties' efforts to expand its portfolio. Analysts believe the acquisition could open up capital-recycling routes for REITs.
Business Malaysia
MalaysiaSemiconductor Industry Seeks Tax Breaks and R&D Incentives
The Malaysia Semiconductor Industry Association has proposed significant tax breaks and research and development incentives in the 2027 federal budget. The association seeks to increase the automation capital allowance from RM10 million to RM100 million and provide a 200% tax deduction for R&D expenditure. This move aims to create a favorable environment for companies to reinvest, expand, and undertake more R&D in Malaysia.