Tag: malaysia
PETRONAS and Phoenix Petroleum Sign MoU for Downstream Marketing and Tech Collaboration in the...
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream...
Malaysia exports rise 9.8% to RM204.99bil in Feb
KUALA LUMPUR: From the same month the year before, Malaysia’s exports increased by 11% to RM204.99 billion in February 2023. With both export and...
Malaysian banks rating intact despite US bank failures – RAM Ratings
The bankruptcy of the Silicon Valley Bank (SVB) and two other smaller banks last week has little bearing on the ratings of Malaysian institutions,...
Maybank introduces financing solution for EV, hybrid users
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has unveiled a groundbreaking integrated auto finance solution that addresses all facets of owning an electric vehicle (EV)...
Three nations to be largest sovereign sukuk issuers
KUALA LUMPUR: According to Moody’s Investors Service, Malaysia, Indonesia, and Turkiye will overtake Saudi Arabia. As the leading sovereign issuers in 2023–2024. Which had...
Malaysia’s palm oil stocks slide 6.56% in Feb
KUALA LUMPUR: The Malaysian Palm Oil Board reported that the country’s overall palm oil stockpiles decreased by 6.56% to 2.11 million tonnes in February...
Malaysia Banks to be held up by resilient earnings
PETALING JAYA: As investors seek refuge in better yielding stocks amid recessionary fears, banks may notice an increase in interest.
Despite the fact that financial...
MBSB Bank, Prec ink pact to drive cashless business transactions among SMEs
PKNS Real Estate Sdn Bhd (Prec) and MBSB Bank Bhd (MBSB) have signed a memorandum of understanding (MoU) to work together. To promote cashless...
EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia
KUALA LUMPUR: Following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery electric vehicles (BEVs) into Malaysia. The...
China investment will boost green economy in Malaysia, says biz leader
IPOH: According to a prominent member of the business community. Increased Chinese investment will aid Malaysia in its transition to low-carbon development.
According to Datuk...
Malaysia’s total trade up 8.6% to RM236bil in December 2022
Malaysia’s total trade for December 2022 amounted to RM236.0 billion. An increase of 8.6 per cent year-on-year (y-o-y). With exports rising 6.0 per cent...
Rapid Synergy Annual Report contains Material and Fraudulent Misrepresentation
Rapid Synergy Bhd's chairman, Yu Kuan Chon, deceived shareholders with fraudulent misrepresentation in the 2021 Annual Report. The company hid related parties to avoid a mandatory takeover offer.
Indonesia’s Asean presidency to focus on economic growth, says senior minister Airlangga Hartarto
Jakarta Indonesia: According to a senior economic minister, Indonesia’s leadership of Asean in 2023 will primarily be focus on fostering sustainable growth in the...
Rapid Synergy Deceives Malaysia Security Commission in a Botched Cover-Up
YU KUAN CHON, Director of Rapid Synergy Bhd, tricks Malaysia Security Commission in a botched cover-up of indirect shareholdings. CHAN WENG FUI, a connected party, has undisclosed substantial shares in the company.
Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul
KUALA LUMPUR: According to Tengku Datuk Seri Zafrul Abdul Aziz, Minister of International Trade and Industry, Chile's decision to ratify the Comprehensive and Progressive...
Shady Scheme used to Siphon RM1 Billion from YHN Property Bhd
Delve into the alleged shady scheme used by the Yu Syndicate, controlled by Yu Kuan Chon and Yu Kuan Huat, to siphon RM1 billion from YNH Property BHD through joint ventures involving 18 dead or frozen projects.
Malaysia consumer sector expected to remain robust
PETALING JAYA: The consumer sector will continue to grow well, Due to strong domestic demand and supply chain enhancements. That will make restocking operations...
EU to mobilise RM47bil for Asean investments
PETALING JAYA: The European Union (EU) and its member states have announced a mobilization of €10 billion (US$10.59 billion or RM47.04 billion). As part...
Global semiconductor equipment sales to hit record US$108.5bil this year
PETALING JAYA: The Semiconductor Equipment Manufacturers Industry, based in the US. Predicts that global sales of all semiconductor manufacturing equipment by original equipment manufacturers...
Malaysian economy relatively resilient in 2023, says ICAEW
PETALING JAYA: The Institute of Chartered Accountants in England and Wales forecasts a bleak start for Asian economies in 2023. But it won’t last...
RHB Bank on course to meet KPI targets
Despite the difficult operating environment, RHB Bank Bhd is on pace to achieve the majority of its key performance indicator (KPI) targets for the...
KLCI falls as investors take profit, ringgit at 4.4760
On Friday, the Ringgit increased its advances and reached a three-month high. At 5 pm, the local currency was trading at 4.4760, up 0.43%...
Bank Negara issues exposure draft on licensing and regulatory framework for DITOs
Following the release of the discussion paper earlier this year. Bank Negara Malaysia (BNM) today released the exposure draft on the licensing and regulatory...
Budget 2023 will be among the focus for the 15th Malaysian parliament session
KUALA LUMPUR: Before Budget 2023, the first topic to be debate in the Parliament session will be important. The parliment debate under Prime Minister Datuk...
Boustead Plantations expects continued volatility in palm oil prices
KUALA LUMPUR: Boustead Plantations Bhd stated that due to high stock levels in Malaysia and Indonesia, palm oil prices are projected to be highly...
Malaysian banks’ loan growth to stay at 5-6% in 2023 on economic stability, says...
S&P Global Ratings anticipates that the Malaysian banking sector will continue to expand loans at a rate of 5% to 6% in 2023 as...
Brunei gets top ranking for business regulation from top international economic freedom survey
BANDAR SERI BEGAWAN: Brunei has performed very well in regulation and secured second ranking globally. According to the Canadian conservative think tank, Fraser Institute’s...
Telenor and Axiata win key approval for multi-billion dollar Malaysia tie-up
OSLO: Malaysian telecoms firm Axiata Group and Norway's Telenor ASA have been given clearance from the Securities Commission Malaysia for the proposed merger of...
Malaysia unlikely to go into recession due to economic diversification
KUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy. Which is less dependent on...
Franchise sales to increase to RM23bil by 2025
PETALING JAYA: Malaysia’s franchise industry is expected to see its sales value increase to RM22.66bil by 2025 from RM14.65bil in 2020, says Prime Minister...
Malaysia end-August palm oil stocks hit 2 million tonnes for first time in 2...
KUALA LUMPUR: Malaysia's palm oil inventories in end-August likely swelled above 2 million tonnes for the first time in more than two years lifted...
Standard Chartered Malaysia Launches SmartStocks
KUALA LUMPUR: Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform. Bringing clients the convenience of trading on 12 exchanges across...
Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022 period
KUALA LUMPUR: Malaysia has attracted RM123.3 billion (US$28.0 billion) worth of approved investments in the manufacturing, services, and primary sectors involving 1,714 projects from...
Malaysia to increase efforts to address semiconductor backlog orders.
KUALA LUMPUR: Malaysia is trying its best to reduce the backlog of orders in the semiconductor industry over the past 12 months following the...
Malaysia’s king to meet political leaders as search for new PM begins
KUALA LUMPUR: The Malaysian King put an end to the political quarrelling at a meeting held on Tuesday with his fellow party leaders. As...
Telecom giants agree on mega telco merger to create a new Tech leader in...
The telecommunications giants will create synergies within the association, from cost savings to future financial flexibility. Axiata Group Bhd, Telenor Asia Pte Ltd and...
Malaysia picks Ericsson for RM11bil project to deploy 5G nationwide
Kuala Lumpur: Tech giant Ericsson, selected by Digital Nasional Bhd (DNB) to deploy its fifth-generation (5G) national network. Believes that critical network infrastructure is...
IJM Corp entered into a deal with KLK to dispose of the entire stake...
IJM Corp Bhd has agreed to sell all 56.2% of the shares of the IJM Plantation subsidiary KLK Bhd for RM1.53 billion in cash...
Bank Negara, Bank of Thailand launch cross-border QR payment linkage
Kuala Lumpur: A cross-border QR payment linkage between Thailand and Malaysia was dispatched by the Bank Negara Malaysia and The Bank Of Thailand (BOT)...
Malaysia maintains CPO export tax at 8% for July
Kuala Lumpur: The export tax for Crude Palm Oil (CPO) has been kept up at eight per cent for July 2021 by Malaysia for...
HSBC: Malaysia, Singapore regional hubs for green financing
Kuala Lumpur: Malaysia and Singapore have escalated their more drawn-out term. Situating as regional hubs for green and maintainable finance. Making the giving of...
Austria’s AT&S picks Malaysia as a tech hub
AT&S, the Austria-situated worldwide production chief of high-end printed circuit boards (PCB) and incorporated circuit (IC) substrates, has selected Malaysia as its first manufacturing...
Malaysia extends tax break for corporate investors to 2022.
KUALA LUMPUR: After expanding incentives last year to mitigate the economic impact of the pandemic. The Malaysian government has introduced several fiscal measures in...
Malaysia’s trade performance breaks record in April
KUALA LUMPUR: The Department of Statistics reported that owing to durable trade performance in April. The Southeast Asian nation Malaysia bested themselves by attaining...
Malaysia’s Petronas signs the first Canadian-indexed LNG deal.
SINGAPORE, May 7, 2021: Malaysia's state-owned Petroleum Nassil Bhad said on Friday that it had used Canada's pricing indications as a basis for its...
