RON95 Targeted Subsidy Can Influence Malaysia’s Inflation Trends, Says Economist

KUALA LUMPUR, Malaysia’s inflation rate easing to 1.9 per cent in August 2024 has raised concerns about the implications of a RON95 targeted subsidy mechanism, according to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

H…

AirAsia Cambodia’s Siem Reap-Singapore Route To Propel the Kingdom’s Aviation Sector

PHNOM PENH, AirAsia Cambodia announced a strategic move to launch its new Siem Reap to Singapore route by targeting the year-end rising passenger traffic that will help to spur the domestic aviation sector.

It was a timely announcement as the moveme…

Fadillah To Lead Malaysian Delegation At ASEAN Energy Summit In Laos

VIENTIANE (LAOS), Deputy Prime Minister, Datuk Seri Fadillah Yusof, who is also Minister of Energy Transition and Water Transformation, will lead Malaysia’s delegation to the 42nd ASEAN Ministers on Energy Meeting (AMEM) and its associated meeting in…

MAPIM Calls For Cross-political Support To Revitalise, Propel Economy

KUALA LUMPUR, The Malaysian Consultative Council of Islamic Organisations (MAPIM) has called on all parties, regardless of political ideology, to support the MADANI Government’s efforts to revitalise and strengthen the national economy in the current…

Nippon Kinzoku Introduces Welded Drawn Pipe Series

KUALA LUMPUR, Tokyo-based Nippon Kinzoku Co Ltd, a stainless steel rolling and processing provider for the automotive, battery, semiconductor and other markets, has commercialised ‘FINE PIPE’, a welded drawn pipe that surpasses ‘seamless pipe’.

Acco…

Labuan’s Asian Supply Base Secures First International Client For Major Philippines Energy Project

LABUAN, Labuan-based Sabah state government-linked company (GLC) Asian Supply Base Sdn Bhd (ASB) has marked a significant international milestone by securing its first international client, the Philippines’ Prime Energy Resources Development BV.

ASB…

Sarawak To Announce Acquisition Of Affin Bank In A Week – Abang Johari

KUCHING, An announcement to finalise the acquisition of a majority stake in Affin Bank Bhd by the Sarawak government is expected within a week, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

He stated that all matters related to acquiring the …