MITI FACILITATES RM13.2 BLN IN POTENTIAL INVESTMENTS FROM CHINA PREMIER’S VISIT

KUALA LUMPUR, June 20 (Bernama) — The Ministry of Investment, Trade and Industry (MITI) has facilitated the exchange of 11 memorandums of understanding (MOU) between Malaysian and Chinese entities with a total potential investment of RM13.2 billion. Minister Tengku Datuk Seri Zafrul Abdul Aziz said the ministry is pleased to see the government-to-government collaborative spirit… Source link

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Forwards become Malaysia’s favoured tool for boosting the ringgit

MALAYSIA’S central bank has been increasingly using currency forwards to support the ringgit, easing pressure on its foreign-exchange reserves. Bank Negara Malaysia’s net forward FX position widened to negative US$27.7 billion in April – reflecting a record net short position its the forward books – showing a preference for using that avenue to bolster its currency. At the same time,… Source link

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HELPING SMEs SURVIVE AND THRIVE

Digital solutions beneficial to master cash flow and navigate financial challenges MALAYSIA’S small and medium enterprises (SMEs) are the backbone of the nation’s economy, comprising about 97% of all businesses and employing nearly half of the country’s workforce. Lacking the substantial capital and… Source link

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Dah Sing Bank releases findings of “2024 Survey on Business Opportunities for SMEs”

Over 70% of SMEs Expect Business Growth of At Least 4% Close to 60% Eye Development in Greater Bay Area HONG KONG SAR – Media OutReach Newswire – 19 June 2024 – Dah Sing Bank, Limited (“Dah Sing Bank” or “the Bank”) said today that according to the findings of its “2024 Survey on Business Opportunities for SMEs” (the “Survey”), Hong Kong’s small and medium enterprises… Source link

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Singtel's Nxera and Malaysia's TM partner for data centre development – MSN

It will be built in Johor, Malaysia. Nxera MY Pte. Ltd, a subsidiary of Singapore Telecommunications Limited (Singtel), has entered a joint venture agreement with TM DC Educity Sdn Bhd (TM DC Educity), a subsidiary of Telekom Malaysia Berhad (TM) to develop and operate a data centre campus in Johor, Malaysia. Under this agreement, Nxera MY will hold a 49% stake whilst TM DC Educity will hold… Source link

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CGC and Standard Chartered Launch RM300 million Financing to Boost SMEs’ Growth

Standard Chartered Malaysia and Standard Chartered Saadiq Malaysia have entered into a Portfolio Guarantee (PG) agreement with long-standing partner Credit Guarantee Corporation Malaysia Berhad (CGC) for a new RM300 million tranche. Under the agreement, RM200 million in conventional and RM100 million in Islamic banking facilities will be made available to growing SMEs… Source link

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Dah Sing Bank releases findings of “2024 Survey on Business Opportunities for SMEs”

Over 70% of SMEs Expect Business Growth of At Least 4% Close to 60% Eye Development in Greater Bay Area HONG KONG SAR – Media OutReach Newswire – 19 June 2024 – Dah Sing Bank, Limited (“Dah Sing Bank” or “the Bank”) said today that according to the findings of its “2024 Survey on Business Opportunities for SMEs” (the “Survey”), Hong Kong’s small and medium enterprises (“SMEs”) are generally… Source link

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Malaysia preparing to join Brics economic group, media report says

MALAYSIA is preparing to join the Brics group of emerging economies, Prime Minister Anwar Ibrahim said in an interview with Chinese media outlet Guancha. The Brics group of nations originally included Brazil, Russia, India, China, and South Africa, which gave it the acronym. The group last year began to expand its membership as it looks to challenge a world order dominated by Western economies,… Source link

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