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Sarawak Energy Appoints Ibrahim Baki As Chairman Effective Oct 1

October 3, 2024

KUCHING, Sarawak Energy Bhd (SEB) has appointed Gabungan Parti Sarawak’s Satok state assemblyman, Datuk Ibrahim Baki, as its chairman effective Oct 1.

Ibrahim succeeds Datuk Amar Abdul Hamed Sepawi, who has been with the company since 2005, leading i…

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UPM-NXP Collaboration To Boost Malaysia’s Competitiveness In Global Semiconductor Market

October 3, 2024

SERDANG, Universiti Putra Malaysia (UPM) and semiconductor giant NXP Malaysia have entered a strategic partnership to boost the growth of Malaysia’s semiconductor and electronics industry.

This collaboration is set to strengthen the country’s positio…

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Malaysia’s BRICS Entry Will Boost Johor’s Investment, Trade Potential Through JS-SEZ – Onn Hafiz

October 3, 2024

ISKANDAR PUTERI, Malaysia’s entry into the BRICS economic bloc will bring greater investment and trade potential to Johor through the Johor-Singapore Special Economic Zone (JS-SEZ), said Johor Menteri Besar Datuk Onn Hafiz Ghazi.

He said that partici…

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Sarawak Mulls Forming ‘Consolidated Entity’ For State’s Asset Management, Investment – Abang Jo

October 3, 2024

KUCHING, Sarawak is considering establishing a ‘consolidated entity’ for the asset management and investment of the state government, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

He said he has instructed experts to conduct a study to determi…

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TNG Digital Urges Govt To Extend SST Exemption For Digital Services

October 3, 2024

KUALA LUMPUR, TNG Digital Sdn Bhd, operator of TNG eWallet, has urged the government to extend the sales and services tax (SST) exemption on digital services in Budget 2025.

The fintech company believes that extending this exemption is vital for keep…

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Producer Price Index Eases By 1.9 Pct In 2023 – DoSM

October 3, 2024

KUALA LUMPUR, Malaysia’s Producer Price Index (PPI) decreased by 1.9 per cent in 2023 (2022: 7.8 per cent), mainly due to the contraction in the agriculture, forestry fishing (-13.8 per cent), according to the Department of Statistics Malaysia (DoSM)….

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Domestic Financial Markets Remain Resilient Amid Global Volatility – BNM

October 3, 2024

KUALA LUMPUR, Domestic financial market conditions have remained orderly despite heightened volatility in global financial markets during the second and third quarters of 2024, according to Bank Negara Malaysia (BNM).

Shifting investor expectations a…

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Late Buying Of Blue Chips Lifts Bursa Malaysia Out Of Red

October 3, 2024

KUALA LUMPUR, Bursa Malaysia managed to pare earlier losses to close mixed on Thursday, with the key index lifted by late buying in selected heavyweight stocks, led by financial services counters.

Maybank and Public Bank led the gains, rising eight s…

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MIDF Expects Malaysia’s Production Activities To Continue To Grow In Coming Months

October 2, 2024

KUALA LUMPUR, Despite concerns over slower factory activities, MIDF Amanah Investment Bank Bhd (MIDF) expects Malaysia’s production activities to continue to grow in the coming months.

In its Economic Brief today, MIDF said growth would be supported…

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KIP REIT Secures Approval For RM320 Mln Acquisition Of DPulze Shopping Centre

October 2, 2024

KUALA LUMPUR, KIP Real Estate Investment Trust (KIP REIT) has secured shareholders’ approval to acquire DPulze Shopping Centre in Cyberjaya for RM320 million.

The real estate investment company also received approval for a private placement of up to…

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