KUALA LUMPUR, Sept 3 (Bernama) — The New Zealand Malaysia Business Association (NZMBA) and the Singapore Business Association New Zealand have signed a memorandum of understanding (MoU) with the Auckland Business Chamber to enhance economic cooperation among New Zealand, Malaysia, and Singapore. The MoU, inked recently at the Auckland Business Chamber, New Zealand’s largest… Source link

By V.Sankara KUALA LUMPUR, Sept 3 (Bernama) — The recent official visit of Prime Minister Datuk Seri Anwar Ibrahim to India has been hailed as a significant milestone in enhancing the economic and strategic partnership between the two nations.  Chairman of the Consortium of Indian Industries in Malaysia (CIIM), Datuk Umang Sharma, expressed his enthusiasm for the outcomes of the… Source link

KUALA LUMPUR: Malaysia appears to be taking pole position in securing investments in Asean’s chip race due to its established supply chain, talent pool, abundant land and energy, as well as affordable business costs, according to Maybank Investment Bank (IB) Bhd. It noted that approved investment commitments… Source link

PETALING JAYA: Main Market-bound 99 Speed Mart Retail Holdings Bhd reported a revenue of RM2.4bil for the second quarter ended June 31, 2024, reflecting a RM183.3mil or 8.2% year-on-year (y-o-y) increase, mainly attributed to higher sales led by the contribution from new outlets and positive impact from the bulk… Source link

KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) remained steady at 49.7 in August, indicating a slight decline in the Malaysian manufacturing sector. The latest PMI data suggest gross domestic product (GDP) growth is running at a broadly similar rate to… Source link

KUALA LUMPUR, MALAYSIA – Media Outreach Newswire – 2 September 2024 – Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga Group” or the “Group”) announced that it has partnered with leading Singaporean fintech firm Helicap Pte Ltd (“Helicap”) in a move to further advance its digitalisation initiatives. The signing ceremony… Source link

The exchange rate for Malaysian ringgit has dipped recently, but that hasn’t stopped money changers in Singapore from raking it in. Over the weekend, the ringgit was trading at between RM3.28 and RM3.30 per Singapore dollar, reported Shin Min Daily News. Money changers at Chinatown and Raffles Place were selling ringgit at a rate of 3.29 to 3.295.  As of Monday (Sept 2), the exchange rate… Source link

HONG KONG, Sept 1, 2024 – (ACN Newswire) – On August 29, CALB Group Co., Ltd. (“CALB” or the “Group”, stock code: 03931.HK), a global vanguard in new energy power generation and storage technology, announced interim results for six months ended June 30, 2024. According to the financial report, the Group achieved total revenue of RMB12.469 billion, a year-on-year increase of 1.4%. The… Source link

MALAYSIA has dreamed of achieving high-income status ever since the introduction of Wawasan 2020 in the Sixth Malaysia Plan in 1991. Despite missing the target, the ambition persists. To escape the middle-income trap and achieve high-income status, Malaysia needs to embrace technological advancement, innovation and digitalisation. This need extends beyond large corporations to small and… Source link

Both its life and non-life segments witnessed triple-digit growth. Taiwan’s insurers saw their pre-tax profits jump over two-fold (146.0%) year-on-year (YoY) in July, accumulating $9.89b (NT$318.6b), data from the Insurance Bureau showed. July’s surge was smaller than the previous month’s 313.1% but only accumulated $7.18b (NT$229.7b). Its life insurance sector achieved a… Source link