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YNH Property Bhd Exposed: YU Syndicate’s Multi-Million Fraud Uncovered!

Discover the shocking truth behind the YU Syndicate's large-scale fraud in Kuala Lumpur, as leaked documents expose a web of deceit, illicit joint ventures, and vanished millions. Dive into the unraveling of this captivating scandal that has rocked Malaysia's financial landscape.
PETRONAS inks MoU with Philippines’ Phoenix Petroleum

PETRONAS inks MoU with Philippines’ Phoenix Petroleum

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

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

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

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

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

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

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

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...
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 Stocks linked to electric vehicles (EVs) experienced a buying surge. KESM Industries Bhd increased by 26 sen to RM8.40 in early trade on Thursday. Pentamaster Corporation Bhd increased by 4.0 sen to RM4.94 and Genetec Technology Bhd increased by 2.0 sen to RM2.83. Hong Seng Consolidated Bhd increased by half a sen to 13.5 sen. At RM5.10, Greatech Technology Berhad was unchanged. Tesla will open a head office and launch its “experience centers.” Along with the service centers, and “Supercharger” network in Malaysia, Miti said in a statement. According to the statement from Minister Tengku Datuk Seri Zafrul Aziz. Malaysia will strategically take advantage of its developed electrical and electronics ecosystem. To position the nation as the top investment location for technology related to electric transportation. Miti made it easier for Tesla to enter the market by launching the BEV Global Leaders initiative. Which aims to increase demand in the local market and advance the growth of the complete ecosystem to support EV adoption. The initiative also wants investments from top BEV manufacturing firms around the world. Tesla is the first applicant for this Miti program, according to a statement released by the ministry.

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

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 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...
Indonesia’s Asean presidency to focus on economic growth, says senior minister Airlangga Hartarto

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...

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...
Malaysia consumer sector expected to remain robust

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

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

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

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

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

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

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

Budget 2023 will be among the focus for the 15th 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

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

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

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

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

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

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-Aug palm oil stocks hit 2 million tonne for first time in 2 years

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

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

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...
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