Securities Commission Malaysia launch 5-year roadmap

Nanyang Daily led with the Securities Commission Malaysia introduced a 5-year plan to support Small and Medium Enterprises (SMEs) until 2028.

The plan aims to boost financing for Micro, Small, and Medium Enterprises (MSMEs) to RM40 billion, reaching 22% of the total RM185 billion financing, to help them integrate into the capital market more effectively.

China Press headlined that the owner of a resort in Pulau Lang Tengah, Kuala Nerus, received a RM25,000 fine for hosting a wild party called the Aloha Party at the premises.

Terengganu’s Tourism, Culture, Environment, and Climate Change Committee Chairman, Datuk Razali Idris, had ordered the resort not to host such events in the future without approval.

Prime Minister Datuk Seri Anwar Ibrahim said that as geopolitical tensions escalate, particularly with intensified restrictions on chip trading, Malaysia has become a safe haven that meets investors’ demands, is the headline in Sin Chew Daily.

Kwong Wah Daily headlined Perlis Menteri Besar son Mohd Syafeeq Mohd Shukri was charged for falsifying claims exceeding RM19,000. He had pleaded not guilty.

Perlis Menteri Besar Mohd Shukri Ramli, said that the trial of his son doesn’t indicate guilt, headlined Guang Ming Daily.

Editorial

Nanyang Daily highlights Prime Minister Datuk Seri Anwar Ibrahim’s said that the initial phase of diesel rationalisation subsidies could save RM4 billion annually.

However, the daily considers this saving minor, given his proposal of RM10 billion for civil servant salary increases and the government spending a lot of tax money on paying off debt.

Experts argue that cutting 10% of administrative costs would more effectively help the poor, rather than shifting subsidies to gain grassroots support, the daily stated.

Sin Chew Daily

Sin Chew Daily highlighted the need for local filmmakers to pursue greater creative freedom due to strict censorship hindering their work and international recognition. This comes after the Home Ministry introduced new film censorship guidelines.

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