AGP Executive Report
Last update: 10 hours agoMalaysia’s Budget: The government says it can fund Budget 2027’s RM510 billion in spending without new taxes, relying on tighter controls to reduce waste and improve returns. The budget also extends tax incentives for angel investors and investment in machinery and digital technology. Wage Costs: Malaysia’s RM2,000 monthly minimum wage is set to take effect in June 2027, with larger companies going first and smaller businesses given more time to adjust. Industrial Investment: IJM Construction won a RM1.23 billion contract to build production and utility facilities for chipmaker AT&S in Kedah, with work expected to begin this quarter. Data Center Power: Alpha ESS and DB Energy plan a battery-backed hybrid power system for an AI data center in Perak, highlighting growing demand for reliable energy as the sector expands. Trade Protection: Steel accounts for eight of Malaysia’s nine current anti-dumping measures, as the government monitors imports and updates rules to protect domestic producers.
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