KUALA LUMPUR: PLUS Expressways Bhd said it had become the holding company of PLUS Helicopter Services Sdn Bhd (PHS) with effect from yesterday.</div>

<div class=newsTextDataWrapInner>In a statement, PLUS said PHS was a dedicated aviation company to provide helicopter charter services. </div>

<div class=newsTextDataWrapInner> This article appeared in The Edge Financial Daily, October 7, 2009.</div><div class=inPageAd id=div-gpt-ad-inpage>

KUALA LUMPUR: PLUS Expressways Bhd said it had become the holding company of PLUS Helicopter Services Sdn Bhd (PHS) with effect from yesterday.

In a statement, PLUS said PHS was a dedicated aviation company to provide helicopter charter services. 

This article appeared in The Edge Financial Daily, October 7, 2009.

PLUS now holding company of PLUS Helicopter

Malaysian businesses are growing faster than most finance teams can effectively track.

The cost of growth: Why businesses are losing visibility of their own spending

Budget 2027: What does it mean for my wallet?

Budget 2027: What changes for my business?

US consumer sentiment slumped further in early October as the rising cost of living because of the Middle East conflict soured households' views of the economy, more bad news for President Donald Trump ahead of the Nov 3 midterm elections.

US consumer sentiment near record low as frustration over economy mounts

Tax experts said measures proposed under Budget 2027 provide targeted relief to the middle-income segment and micro, small and medium enterprises (MSMEs) but may increase the tax load on individuals earning above RM1 million.

Tax experts see targeted relief for middle-income taxpayers in Budget 2027

Malaysia’s government-linked investment companies see a boost to Bumiputera wealth, better workers’ livelihoods and capital mobilisation from Budget 2027.

Govt investment companies expect wealth creation from Budget 2027

After four years of asking Malaysians to endure subsidy rationalisation and other painful reforms, Prime Minister Datuk Seri Anwar Ibrahim is now loosening the government’s purse strings as his administration nears the end of the term.

After years of fiscal consolidation, Anwar loosens purse strings with Budget 2027

Budget 2027: The big picture

A brief recap of some business news and corporate annoucements that made the headlines on Friday.

Genting, IOI Properties, PMB Technology, Press Metal, Unisem, EP Manufacturing, Astral Asia, Avangaad, Kinergy, Hektar REIT, and Ahmad Zaki

Economists and research analysts have broadly welcomed Budget 2027’s tax relief, cost-of-living support and fiscal consolidation, but cautioned that delivery, subsidy reform and the risk of fiscal slippage will determine whether its targets are met.

Economists welcome tax relief and consolidation, but flag slippage and execution risks

Semantan Estate (1952) Sdn Bhd and its liquidator have filed another suit seeking to compel the government to sell the 263.272-acre prime "Duta enclave" land in Kuala Lumpur and hand over the proceeds to the company, subject to deductions for any compensation received through separate ongoing legal proceedings.

Semantan Estate and liquidator files another suit to compel govt to sell Duta enclave land, hand over proceeds

KLANG (Oct 10): Mitraland Group has officially launched Bayou Quartz, a landed residential development in Kota Bayuemas, Klang, with a gross development value (GDV) of RM800 million.

Occupying approximately 52 acres of freehold land, Bayou Quartz is the latest addition to the developer’...

Mitraland launches RM800 mil Bayou Quartz in Klang

NEW YORK/BENGALURU (Oct 9): A contractor linked to Super Micro Computer has pleaded guilty in a scheme to illegally export computer servers containing advanced Nvidia AI chips to China, a federal court filing showed on Friday.

Super Micro contractor pleads guilty in scheme to divert AI servers with Nvidia chips to China

KUALA LUMPUR (Oct 10): Two industry groups have expressed disappointment that Budget 2027 has fallen short of providing sufficient relief from rising business costs, warning that mounting operating expenses continue to squeeze profit margins and undermine the competitiveness of Malaysian businesses.

Industry groups say Budget 2027 falls short of addressing rising business costs

SELANGOR (Oct 10): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA) and Thailand-based Dusit International officially opened its latest 280-room ASAI Gamuda Cove hotel, located in Persiaran Cove Sentral Bandar Gamuda Cove in Selangor on Oct 10.&nbsp;

Gamuda Land, Dusit International officially open 280-room ASAI Gamuda Cove

(Oct 10):&nbsp;European carmaking leaders are heading to next week’s Paris Motor Show after winning some breathing room from Chinese competitors.

Europe’s troubled carmakers get China boost on way to Paris show

China’s passenger vehicle retail sales fell 24% in September from a year earlier to 1.702 million units, while new-energy vehicle sales declined 12% to 1.141 million units, according to data released by the China Passenger Car Association.

China passenger vehicle retail sales drop 24% in September

Malaysia must build its capability in quantum technology starting now, particularly in talent development, research and development (R&amp;D) and infrastructure, to ensure the country is ready to leverage this strategic technology in the future, says Science, Technology and Innovation Minister Chang Lih Kang.

Malaysia must build quantum tech capability now — Chang

Budget 2027’s targeted tax measures are expected to support business competitiveness, encourage domestic investment and strengthen Malaysia’s economic resilience amid rising operating costs and global uncertainties, said tax experts.

Budget 2027 tax measures to support businesses, boost productivity — experts

(Oct 10):&nbsp;Thailand’s stock exchange will roll out revised rules from Nov&nbsp;16, including changes to short-selling and high-frequency trading, as it seeks to improve market stability, liquidity and investor confidence, according to a filing.&nbsp;

Thai bourse revises short-selling, high-frequency trading rules

KUCHING (Oct 10): Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg expressed his appreciation to the Madani government, led by Prime Minister Datuk Seri Anwar Ibrahim, for the increase in the federal allocation for Sarawak to RM16.2 billion under the 2027 budget.

Abang Johari appreciates RM16.2 bil allocation for Sarawak in Budget 2027

The Budget 2027 reinforces Malaysia’s ambition to build a more productive and resilient economy while ensuring that progress delivers meaningful benefits to businesses and households, according to Hong Leong Bank (HLB).

Budget 2027 to strengthen enterprises, productivity and household wellbeing — HLB

The man injured after being shot by police during an incident in Petaling Jaya that went viral on Friday has 10 previous records, with drugs and a toy gun resembling a pistol were also found.&nbsp;

Police say suspect in viral PJ shooting incident has drug, criminal records

PUTRAJAYA (Oct 10): More than four million workers will benefit from the increase in the minimum wage from RM1,700 to RM2,000 per month beginning June 2027.

Over four million workers to benefit from RM2,000 minimum wage from June 2027

TAIPEI (Oct 10): Taiwan cherishes peace but will not give up its freedom, and there must be respect for the right of Taiwan's people to exist, President Lai Ching-te said on Saturday in a National Day speech, adding that boosting defences is not a provocation.

Taiwan won't give up freedom, Lai says; Beijing slams 'ulterior motives'

KUALA LUMPUR (Oct 10): Egyptian President Abdel Fattah El-Sisi was accorded a state welcoming ceremony at&nbsp;Istana Negara on Saturday on the occasion of his first state visit&nbsp;to Malaysia since assuming office in June 2014, at the invitation of His Majesty Sultan Ibrahim, King of Malaysia.

Egypt president El-Sisi accorded state welcoming ceremony at Istana Negara

KUALA LUMPUR (Oct 10): The government has agreed to establish a Postal Fund with an initial allocation of RM150 million, expected to commence operations in the first quarter of 2027, to ensure the continuity of postal services particularly in rural, remote, and island areas.

Fahmi: Govt creates Postal Fund with initial allocation of RM150 mil

(Oct 10):&nbsp;Singapore’s air quality remained at unhealthy levels ahead of the Formula 1 Grand Prix weekend’s main events, as authorities said they are ready to assist Indonesia in containing fires and curbing the cross-border impact of the haze.

Singapore haze persists at unhealthy levels as F1 weekend begins

The Johor government has decided to extend the closure of all schools and educational institutions in the state for five days, from Oct 12 to 16, due to the haze.

Johor extends closure of schools, educational institutions due to haze until Oct 16

(Oct 10):&nbsp;Australia has no need to buy fuel from Russia and said that purchases from there will remain barred so that the country doesn’t benefit from the invasion of Ukraine.&nbsp;