Malaysia
country in Southeast Asia
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-07-01 15:01
Standard Chartered faces $2.7bn lawsuit for alleged money laundering failures - The lawsuit against Standard Chartered alleges failure in anti-money laundering practices.
- Liquidators of Malaysia's sovereign wealth fund initiated the legal action.
- The case underscores the ongoing fallout from the 1MDB scandal and raises concerns over compliance in banking.
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business 2025-06-27 21:25
U.S. and China finalize key trade deal amidst market highs - U.S. Treasury Secretary confirmed positive trade deal developments with China.
- Leading stocks like Nvidia and Microsoft boosted U.S. markets to record highs.
- The trade agreement may lead to a more stable economic environment between the nations.
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business 2025-06-16 00:00
IOI Properties explores options to monetize $9 billion in assets - IOI Properties is evaluating ways to monetize its real estate assets valued at nearly $9 billion.
- The company recently acquired a full ownership stake in the South Beach complex in Singapore for S$2.75 billion.
- A potential Singapore REIT listing could occur by 2027, driven by strong assets like South Beach and IOI Central Boulevard Towers.
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technology 2025-06-13 08:26
Chinese engineers evade US chip restrictions by flying hard drives abroad - Chinese engineers have been transporting hard drives filled with data to Malaysia.
- This method is a response to US restrictions on selling training chips to China.
- The ongoing trend underscores the challenges and strategies in China's quest to develop AI capabilities.
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sport 2025-06-01 12:51
Manchester United seeks to improve after disappointing season - Manchester United finished 15th in the Premier League, their worst performance in 51 years.
- The team lost to Tottenham in the Europa League final and subsequently missed out on the Champions League.
- Ruben Amorim aims to improve the team's performance and connect with fans during the post-season tour in Asia.
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politics 2025-05-27 05:48
ASEAN unites to combat economic fallout from U.S. tariffs - Malaysia's Foreign Minister emphasizes the need for ASEAN nations to unify against U.S. trade tariffs.
- ASEAN countries heavily rely on exports to the U.S., facing tariffs that disrupt economic stability.
- Unity among ASEAN member states is crucial for navigating external pressures and pursuing long-term integration.
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technology 2025-05-06 13:26
Google invests $236 million in Malaysia's data center infrastructure - Google has awarded a $236 million contract to Gamuda for a new data center in Malaysia.
- The project will include a water treatment plant to support cooling needs for the facility.
- This investment is part of a larger $2 billion commitment from Google to develop cloud centers in the country.
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business 2025-05-05 02:02
Kenanga Investors wins best Malaysia large-cap equity fund award at morningstar - Kenanga Investors Berhad has been recognized for outstanding performance at the Morningstar Awards 2025.
- The Kenanga Blue Chip Fund has achieved its third consecutive win at this prestigious award.
- The awards reflect Kenanga Investors' commitment to delivering long-term value and navigating market trends.
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business 2025-04-30 00:00
Eco-Shop's IPO transforms Lee Kar Whatt into a billionaire - Eco-Shop is offering up to 862 million shares at 1.21 ringgit each, aiming to raise 1 billion ringgit in total.
- The company reported a 70% increase in net profit to 177 million ringgit for 2024, while planning to expand significantly over the next five years.
- The IPO could turn cofounder Lee Kar Whatt into a billionaire, highlighting a successful entrepreneurial story in Malaysia.
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business 2025-04-29 00:00
Investors react as Hang Seng index fluctuates after positive government comments - Green Tea Group is set to go public on the Hong Kong Stock Exchange after multiple unsuccessful attempts.
- The Hong Kong market fluctuated, initially opening lower but later rising due to positive government comments.
- Overall, the mixed performance in the market reflects the resilience of consumer-driven firms amid trade tensions.
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business 2025-04-28 00:00
China maintains lending rate as investors await economic stimulus - Chinese equities showed mixed results with outperformance from certain markets like India and Malaysia.
- The People's Bank of China decided to keep the lending rate unchanged, causing concerns in the real estate sector.
- Future economic data releases and potential stimulus measures could provide clarity on China's market outlook.
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business 2025-04-19 03:22
China and Malaysia drive Belt and Road Initiative cooperation forward - The Gombak Station is part of the East Coast Rail Link project, showcasing the cooperation between China and Malaysia.
- Rapid infrastructure development includes projects like the Exchange 106, highlighting advances in construction technologies.
- The ongoing initiatives signify a deepening relationship under the Belt and Road Initiative, promising benefits for both nations.
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politics 2025-04-15 05:35
Abdullah Ahmad Badawi dies at 85 after a long struggle with heart disease - Abdullah Ahmad Badawi died on April 14, 2025, at the age of 85 at the National Heart Institute in Kuala Lumpur.
- He served as Malaysia’s Prime Minister from 2003 to 2009, known for his moderate stance and promises of reforms.
- His passing reflects on his complicated legacy in Malaysian politics, transitioning from authoritarianism to more freedoms.
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politics 2025-04-15 01:20
Xi Jinping strengthens ties with Vietnam amid U.S. tariffs - China's President Xi Jinping commenced a diplomatic tour in Southeast Asia, starting in Vietnam.
- The visit aims to strengthen trade relations amidst ongoing tariffs imposed by the U.S.
- Xi's trip highlights China's commitment to being a stable global trading partner.
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business 2025-04-12 08:01
Furniture exporters in Malaysia race against Trump’s impending tariffs - Furniture manufacturers in southern Malaysia are racing to fulfill U.S. orders before potential tariff increases.
- The U.S. is the largest export market for Malaysian furniture, accounting for about 60% of total exports.
- Manufacturers fear that higher tariffs could lead to abandonment by U.S. distributors, impacting the industry significantly.
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business 2025-04-11 05:00
Macrovalue shakes up Singapore's supermarket scene with major acquisition - Malaysia's Macrovalue has acquired Cold Storage and Giant supermarket outlets in Singapore.
- The acquisition raises questions about how it will compete in a saturated market dominated by established chains.
- This could signal a new era of innovative offerings for consumers in Singapore's grocery landscape.
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military conflicts 2025-04-04 07:18
Search operations for Malaysia Airlines flight MH370 suspended due to seasonal conditions - The search for Malaysia Airlines Flight 370 has been suspended due to poor weather conditions.
- Transport Minister Loke Siew Fook announced that operations would not resume until the end of the year.
- Relatives of passengers continue to express hope and demand answers regarding the fate of the aircraft.
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business 2025-03-30 00:00
HI Mobility's IPO success indicates booming travel between Singapore and Malaysia - Shares of HI Mobility, a major bus operator controlled by Lim Han Weng, surged during its IPO amidst optimistic predictions of increasing passenger traffic.
- The company's revenue rose significantly due to its operations across the busy Singapore-Malaysia causeway, where over 300,000 people cross daily.
- The IPO's success positions HI Mobility for future growth, enabling further investments in fleet expansion and electric bus initiatives.
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military conflicts 2025-03-27 05:51
AirAsia flight returns safely after engine fire incident - An AirAsia flight bound for China made an emergency landing in Kuala Lumpur shortly after takeoff due to an engine fire.
- The fire was extinguished by the aircraft's in-built safety system before landing, with emergency services ensuring passenger safety.
- All 171 passengers and crew disembarked without harm, highlighting the efficiency of emergency protocols.
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military conflicts 2025-03-20 19:40
Malaysia commits to renewed search for MH370 wreckage - Malaysia's government has authorized a new search for flight MH370 after a decade without answers.
- Ocean Infinity will conduct the search under a 'no find, no fee' agreement, with a payment of $70 million if the wreckage is found.
- The initiative aims to provide closure for the families of the passengers while reigniting hope for answers.
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business 2025-03-20 14:10
Microsoft to open three data centres in Malaysia by mid-2025 - Microsoft plans to establish three data centres in Malaysia, specifically in the greater Kuala Lumpur area.
- This investment is part of a larger US$2.2 billion commitment aimed at expanding cloud and AI services over the next four years.
- The initiative is expected to create more than 37,000 jobs and significantly boost the local economy.
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military conflicts 2025-03-20 10:05
Malaysia aids Hamas by providing a safe haven for terror operations - Malaysia's government openly allows Hamas to operate within its borders, fostering a conduit for terrorist activities.
- Prime Minister Anwar Ibrahim has adopted a strong anti-Israel position following recent conflicts in the region.
- This growing permissiveness toward terrorism necessitates a reevaluation of Malaysia's policies for the sake of regional and global security.
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business 2025-03-14 10:00
KJTS teams up with Stonepeak to invest in Malaysia's district cooling projects - KJTS Group Berhad and Stonepeak have formed a joint venture to invest in district cooling facilities in Malaysia.
- The joint venture is capitalized at MYR 1.5 billion, targeting a sizable market in energy-efficient solutions.
- The partnership aims to address rising energy demands and contribute to Malaysia's energy transition goals.
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business 2025-02-02 00:01
Vietnam benefits from Chinese firms shifting manufacturing abroad - Vietnam has become the largest beneficiary of supply chains moving away from China.
- Last year, the country recorded foreign trade revenues nearing $800 billion.
- As more tariffs are enacted on China-made goods, Vietnam's economy is projected to grow by 7% this year.
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business 2025-01-07 07:31
Malaysia and Singapore join forces to create a special economic zone for global investors - Leaders of Malaysia and Singapore signed an agreement on January 6, 2025, to create a special economic zone in Johor.
- The economic zone aims to attract global investments and will include various sectors like manufacturing and tourism.
- This initiative marks a significant step towards regional cooperation, fostering economic ties between the two nations.
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politics 2025-01-06 07:56
Najib Razak wins appeal to serve corruption sentence at home - The Court of Appeals ruled in favor of Najib Razak, allowing him to appeal his incarceration conditions.
- A letter from a palace official confirmed an order for Najib to serve his sentence at home.
- The case raises concerns regarding potential favoritism within Malaysia's judicial system.
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military conflicts 2025-01-04 14:20
Malaysia refuses entry to nearly 300 Rohingya refugees seeking safety - Malaysian authorities identified two boats carrying nearly 300 Rohingya refugees attempting to enter the country illegally.
- The Malaysian Maritime Enforcement Agency provided assistance in the form of food and water before turning the boats away.
- Malaysia's actions highlight the ongoing challenges and tensions regarding the acceptance of refugees amid fears of mass influx.
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society 2024-12-23 12:22
Malaysia agrees to renewed search for missing MH370 under controversial deal - Malaysia's transport minister announced the cabinet's approval to resume the search for MH370 more than ten years after its disappearance.
- The search will be conducted by Ocean Infinity over a new area based on fresh data, with a 'no find, no fee' agreement in place.
- This renewed effort aims to provide closure to the victims' families and underscores the government's commitment to resolving the mystery of MH370.
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politics 2024-12-15 20:05
Zafrul Aziz's switch to PKR threatens Malaysia's unity government - Tengku Zafrul Aziz, the Minister of Investment, Trade and Industry, is reportedly in preliminary discussions to join Parti Keadilan Rakyat.
- Umno leaders, including party president Ahmad Zahid Hamidi, have expressed concerns about the implications of this potential switch.
- The move could strain relations within Malaysia's unity government and raises questions about future cabinet appointments.
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society 2024-12-13 17:45
Workers allege trafficking and forced labor against Dyson in shocking case - Migrant workers alleged they were trafficked to Malaysia for forced labor linked to Dyson.
- The Court of Appeal in the UK ruled that the case can proceed in London, overturning a prior decision.
- The ruling suggests significant legal implications for corporate accountability in global labor practices.
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environment 2024-12-04 01:54
AP photos capture the devastating floods in Malaysia - Recent floods significantly affected various regions in Malaysia due to heavy rains.
- AP photo editors curated a collection of impactful photographs documenting the floods.
- The photographs highlight both the damage caused and the resilience of the affected communities.
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environment 2024-12-03 10:53
Malaysia braces for worst floods in a decade as three are killed and over 80,000 displaced - Malaysia is currently experiencing severe flooding due to unexpected monsoon rains, resulting in three fatalities and over 80,000 people displaced.
- The worst affected states are Kelantan and Terengganu, with significant evacuation efforts underway.
- The government is fully mobilizing resources and personnel to manage the crisis and ensure the safety of flood victims.
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2023 All rights reserved