<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 3): The government on Thursday has announced key individual tax reforms aimed at reducing the cost of living for the middle 40% of earners (M40).&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The personal income tax relief threshold, which has been unchanged since 2010, will be raised from RM9,000 to RM12,000, Prime Minister Datuk Seri Anwar Ibrahim said when tabling Budget 2027 in Parliament on Friday.</p></div>

<div class=newsTextDataWrapInner><p>Tax rates for residents individuals are reduced by 1% &nbsp;across two brackets, RM70,000 to RM100,000 (down to 18%) and RM100,000 to RM150,000 (down to 24%).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The tax reliefs will be expanded to cover post-natal care, overall eldercare for parents and grandparents, sports shoes, educational fees and tuition for children, AI subscriptions, vaccinations and registered pet adoptions.</p></div>

<div class=newsTextDataWrapInner><p>To maintain fiscal balance, the tax rate for individuals earning above RM1 million is set at 30%.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Together, the increased relief threshold and rate cuts will generate up to RM1,600 in extra disposable income for approximately five million taxpayers.</p></div>

<div class=newsTextDataWrapInner><p><a href="https://theedgemalaysia.com/budget/2027/" target="_blank"><em><strong>Click here for all you need to know about Malaysia's Budget 2027.</strong></em></a></p></div>


The government on Thursday has announced key individual tax reforms aimed at reducing the cost of living for the middle 40% of earners (M40).

Income tax relief level raised to RM12,000, tax rate cuts to put RM1,600 into pockets of people 

LONDON (Oct 9): The Financial Stability Board (FSB), the global body that monitors risks to the financial system, urged authorities on Friday to strengthen emergency funding arrangements for failing banks after finding major gaps in countries' ability to provide liquidity during a crisis.

Global watchdog urges authorities to close gaps in emergency funding for failing banks

A former friend of China Evergrande Group founder Hui Ka Yan has entered a messy legal fight with the company’s liquidators over billions of Hong Kong dollars he says he lent to Hui over a decade.

Evergrande founder’s former ally sues to recoup US$1.3b

China has allowed its provinces to tap 550 billion yuan (US$82 billion or RM335.2 billion) in unspent bond quotas saved from previous years, as Beijing adds to a stimulus effort aimed at meeting this year’s growth target.

China allows provinces to draw on US$82b to shore up growth

World stocks edged up on Friday and oil prices slipped after US President Donald Trump said the US would not attack Iran before next month's midterm elections, easing some near-term concerns about energy supplies.

Oil eases, bringing some respite to stocks and battered bonds

China is letting a wave of cheap money flow across its borders, turning the country into a rare source of low-cost funding for foreign borrowers.

Chinese bonds become source of cheap money for global borrowers

The late Zara Qairina Mahathir had once stopped her mother from confronting senior students at her school hostel, fearing that doing so would expose her to even worse bullying.

Zara Qairina feared worse bullying if mother confronted seniors, inquest told

DayOne Data Centers Ltd has been in preliminary talks for weeks with banks about a potential US$500 million (RM2.04 billion) bond offering, according to people familiar with the matter, as the Singapore-based company ramps up fundraising amid growing demand for artificial intelligence (AI) infrastructure.

DayOne in early talks with banks for potential US$500 mil bond — Bloomberg

(Oct 9): Russian technology and AI company Yandex said on Friday that several modules at its data centre in Russia's Kaluga region had been completely disabled by a drone attack, the second in two days.

Russia's Yandex says second data centre hit by drone attack

Isaias strengthened to a Category 2 hurricane on Thursday as it headed toward the US Gulf Coast, the US National Hurricane Center said, prompting mandatory evacuations and disrupting oil and gas production.

Hurricane Isaias strengthens en route to US Gulf Coast

Malaysia is proposing a full stamp duty exemption on loan agreements and instruments of transfer for first homes priced up to RM500,000.

Govt proposes full stamp duty exemption for first homes priced up to RM500,000

<p>Follow our live coverage of Budget 2027 as Prime Minister Datuk Seri Anwar Ibrahim tables it.</p>


Highlights of Budget 2027

<p>KUALA LUMPUR (Oct 8): Klang member of Parliament (MP) V Ganabatirau has filed a defamation suit at the High Court here against independent preacher and activist Firdaus Wong over social media postings questioning the lawmaker's loyalty to the country.</p>


Klang MP Ganabatirau sues Firdaus Wong over social media posts questioning his loyalty to Malaysia

<p>KUALA LUMPUR (Oct 9): A former company director of a property development company has been charged with criminal breach of trust (CBT) for transferring RM100,000 of company funds to himself for a non-existent "director fee".</p>


Former property development company director charged with CBT for transferring RM100k to himself for non-existing 'director fee'

<p>KUALA LUMPUR (Oct 9): Dagang NeXchange Bhd (KL:DNEX) could see renewed investor interest after settling its long-running legal dispute over semiconductor subsidiary SilTerra Malaysia Sdn Bhd, removing a major uncertainty that has weighed on the stock, according to TA Securities.</p>


DNeX's SilTerra legal settlement clears path for growth, says TA Securities

<p>The government on Thursday has announced key individual tax reforms aimed at reducing the cost of living for the middle 40% of earners (M40).&nbsp;</p>


<p>Oriental Kopi Holdings Bhd (KL:KOPI) could see its share price rise by more than 50%, according to CGS International Securities (CGSI), which expects the cafe operator's expansion and growing packaged food business to drive stronger earnings over the next few years.</p>


CGSI sees over 50% upside for Oriental Kopi on expansion, earnings growth

<p>Oil declined after President Donald Trump said the US would not attack Iran before November’s midterm elections, signalling a period of more than three weeks for no offensive military action against Tehran.</p>


Oil retreats as Trump rules out attacks on Iran before US midterms

<p>首相拿督斯里安华提呈2027年财政预算案重点摘要：</p>


2027年财政预算案重点摘要

<p>Malaysia is expected to spend 82% of its forecasted record RM459.84 billion budget on operating expenditure (opex) in 2027, leaving RM83 billion, or 18%, for development expenditure (devex).</p>


Budget 2027 expected to hit record RM459.84b, 82% for operating expenditure

<p>World stocks edged up on Friday and oil prices slipped after US President Donald Trump said the US would not attack Iran before next month's midterm elections, easing some near-term concerns about energy supplies.</p>


<p>The worsening haze in Malaysia could disrupt manufacturing operations, affect worker attendance and drive up business costs, according to the Federation of Malaysian Manufacturing (FMM).</p>


Haze threatens manufacturing productivity, raises business costs — FMM

<p>Despite raising the minimum wage and the economy's recovery since the pandemic, wage progression remains weak beyond the minimum wage floor, according to the Economic Outlook 2027 report.<br />
&nbsp;</p>


Minimum wage lifts the floor, but Malaysia's 'missing middle' remains

<p>Unisem (M) Bhd (KL:UNISEM) and its subsidiary plans to invest RM396 million to expand its semiconductor manufacturing plant in Gopeng, Perak, as the group seeks to capture growing demand for advanced chip packaging used in artificial intelligence (AI) and data centres..</p>


Unisem plans RM396 mil second phase of Gopeng plant expansion

<p>A selloff in chipmakers weighed on stocks as speculation around OpenAI’s revenue revived worries that the artificial-intelligence spending spree is becoming harder to justify.</p>


S&P 500 falls as reports on OpenAI sink chipmakers

<p>Singapore’s Formula 1 race will go ahead this weekend despite haze from Indonesian wildfires that has choked the city for weeks, pushing it to the top of the global rankings for air pollution.<br />
&nbsp;</p>


F1 says Singapore race will go ahead despite Indonesia haze

<p>KUALA LUMPUR (Oct 9): Malaysia's fiscal deficit is projected to narrow to 3.3% of gross domestic product (GDP) in 2027, even as the actual shortfall remains elevated at RM77.5 billion.</p>


Malaysia's fiscal deficit to narrow to 3.3% in 2027, but shortfall remains above RM77 bil

<p>BENGALURU (Oct 8): OpenAI has told investors its annualised revenue for September was almost US$50 billion, a drop from what it signaled earlier, a person familiar with the matter told <em>Reuters</em> on Thursday.</p>


OpenAI's September annualised revenue nears US$50 bil, less than previously indicated — Reuters

<p>The collapse of Nvidia-backed data centre operator Firmus' US$5 billion IPO is a blow to Australia's capital markets which are already facing a shrinking pool of listed entities, investors said.</p>

<p>Australia's benchmark share index is heavily skewed to the Big Four banks and huge mining companies, so some money managers had hoped a big tech listing would make the market more attractive by offering more choice to investors.</p>


Firmus US$5 bil float failure deals blow to Australia's shrinking share market

<p>The tabling of Budget 2027 on Friday is expected to further strengthen the national economy, ease the people's cost-of-living burden, and safeguard national peace and stability.</p>


Budget 2027 expected to strengthen economy, ease people’s burden, says Saifuddin

<p>Malaysia is proposing a full stamp duty exemption on loan agreements and instruments of transfer for first homes priced up to RM500,000.</p>
