<div class=newsTextDataWrapInner><p>JAKARTA (July 8): Indonesia's planned international&nbsp;financial centre&nbsp;will attract up to about 500 trillion rupiah (US$27.79 billion or RM112.92 billion) in investment, a senior Finance Ministry official said on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>Investments for the project could come in a range of 300 trillion rupiah to 500 trillion rupiah, official Herman Saheruddin told reporters.</p></div>

<div class=newsTextDataWrapInner><p>"The potential investment could be in the form of setting up new branches of foreign banks or new business entities," he added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The location of the proposed centre has yet to be decided.</p></div>

<div class=newsTextDataWrapInner><p>Indonesia&nbsp;is currently deliberating a bill that regulates the financial centre project, including its tax and legal benefits.</p></div>

<div class=newsTextDataWrapInner><p>According to earlier discussions between lawmakers and economic experts, some of the proposed tax benefits could be full exemption of corporate income tax for businesses and value-added tax exemptions on goods and services inside the centres.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Indonesia's planned international financial centre will attract up to about 500 trillion rupiah (US$27.79 billion or RM112.92 billion) in investment, a senior Finance Ministry official said on Wednesday.

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Economists expect Bank Negara Malaysia (BNM) to raise the overnight policy rate by 25 basis points as early as November, following the US Federal Reserve’s recent rate hike and signal of another increase later this year.

Economists had already factored in a possible hike after BNM made subtle changes to its September policy statement. ANZ Research chief economist Sanjay Mathur said in his note just after the September decision that removing the word “appropriate” from the statement suggested BNM was becoming less comfortable with keeping interest rates at current levels. The firm kept its forecast for a 25 basis point hike at the next meeting on Nov 5.

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<p>Economists expect Bank Negara Malaysia (BNM) to raise the overnight policy rate by 25 basis points as early as November, following the US Federal Reserve’s recent rate hike and signal of another increase later this year.</p>

<p>Economists had already factored in a possible hike after BNM made subtle changes to its September policy statement. ANZ Research chief economist Sanjay Mathur said in his note just after the September decision that removing the word “appropriate” from the statement suggested BNM was becoming less comfortable with keeping interest rates at current levels. The firm kept its forecast for a 25 basis point hike at the next meeting on Nov 5.</p>


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<p>CCK Consolidated Holdings Bhd (KL:CCK) is no longer a ‘buy’ amid slower-than-expected recovery from a fire incident at one of its plants in Indonesia, said an analyst.</p>


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<p>The level of subsidised electricity for households has been increased to 800 kilowatt-hours (kWh) a month from 600kWh until Dec 31, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>Zetrix AI Bhd (KL:ZETRIX) founder Wong Thean Soon has ceased to be a substantial shareholder in Cuscapi Bhd (KL:CUSCAPI), after disposing of about 103.6 million shares in the company.</p>

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<p>US President Donald Trump said he still had confidence in Federal Reserve (Fed) chairman Kevin Warsh and criticised what he said is a “hostile” board even after the central bank unanimously defied his calls to lower borrowing costs.</p>


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<p>Mah Sing Group Bhd (KL:MAHSING) is expanding its property development pipeline in Johor with two residential projects scheduled for launch in the second half of 2026.</p>


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<p>Vertex Material, a Malaysian advanced materials company, has set its sights on a Nasdaq listing next year.</p>
