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US$1 MLN PRIZE POOL UP FOR GRABS IN AUTONOMOUS DRONE RACING CHAMPIONSHIP – A2RL

KUALA LUMPUR, The Abu Dhabi Autonomous Racing League (A2RL), which made its impressive debut this April at the Yas Marina Circuit, has announced the next phase of its challenge with the Drone Champions League (DCL).

Building on the success of its ina…

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SELANGOR PLANS TO BE THE COUNTRY’S BIGGEST INVESTMENT CONTRIBUTOR THIS YEAR – AMIRUDIN

KUALA LUMPUR, Selangor remains focused on maintaining its performance as the country’s largest investment contributor by state through the organisation of the Selangor International Business Summit (SIBC 2024), said Selangor Menteri Besar Datuk Seri A…

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AEON SIGNS FIRST COLLECTIVE AGREEMENT WITH WORKERS’ UNION

SHAH ALAM, AEON Co. (M) Bhd (AEON) today signed its first Collective Agreement with the AEON Workers’ Union, ensuring the welfare of over 10,000 employees within the retail and supermarket chain.

Human Resources Minister Steven Sim Chee Keong witness…

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NESTLE MALAYSIA PROFIT NEARLY HALVED TO RM93.6 MLN IN 2Q

KUALA LUMPUR, Nestle (Malaysia) Bhd’s net profit almost halved to RM93.60 million in the second quarter (2Q) ended June 30, 2024, from RM180.92 million a year ago due to lower sales and its conscious choices regarding pricing.

The food and beverage m…

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ASEAN DIGITAL ECONOMY FRAMEWORK EXPECTED TO CONCLUDE AT ASEAN SUMMIT 2025

KUALA LUMPUR, The forward-looking ASEAN Digital Economy Framework (DEFA), currently under negotiation, is likely to be completed during the ASEAN Summit next year, said Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Tengku Abdul …

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BEIJING OFFICE TO BOLSTER CHINA’S POSITION IN GLOBAL GAMING MARKET – XSOLLA

KUALA LUMPUR, Xsolla, a global video game commerce company, has announced the grand opening of the Xsolla Greater China Region office at Chaoyang District, signifying a renewed commitment to enhancing and growing the video game industry in China and w…

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BURSA MALAYSIA ENDS ON WEAKER NOTE IN SYNC WITH REGIONAL PEERS

KUALA LUMPUR, Bursa Malaysia closed on a weaker note today in tandem with the downbeat regional market performance as investors took profits amid the global sell-off, said Rakuten Trade Sdn Bhd.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shave…

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ONLY 74 PCT OIL PALM SMALLHOLDERS ACHIEVE MSPO CERTIFICATION – KPK

KUALA LUMPUR, The Ministry of Plantation and Commodities (KPK) said today the number of private smallholders who achieved Malaysian Sustainable Palm Oil (MSPO) certification was only at 73.88 per cent as of June 30.

During a question and answer sess…

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MALAYSIA FINTECH MARKET VALUE EXPECTED TO REACH US$100 BLN IN THE NEXT FIVE YEARS

KUALA LUMPUR, Malaysia’s fintech market value is expected to double up to US$100 billion (US$1 = RM4.6720) in the next five years.

Fintech Association of Malaysia president Wilson Beh said currently the fintech market value is estimated at US$50 bil…

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ECONOMIST : DIESEL SUBSIDY RATIONALISATION HAS MARGINAL IMPACT ON JUNE INFLATION

KUALA LUMPUR, The lower-than-expected inflation rate of two per cent in Malaysia for June 2024 suggests that the impact of diesel subsidy rationalisation appears minimal, said an economist.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzaniza…

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