Malaysia On Course To Become ‘Asian Tiger’, Attract Foreign Investment – Nga

KUALA LUMPUR, Malaysia is on course to become the ‘Asian Tiger’ with five unique advantages to attract foreign investment, said Housing and Local Government Minister Nga Kor Ming.

Nga said Malaysia’s political stability is crucial for drawing invest…

China’s GEESATCOM Achieves Nearly Half Deployment With 3rd Orbital Launch

KUALA LUMPUR, Commercial aerospace company Geespace announced GEESATCOM, has achieved a major milestone in its satellite network project with the successful launch of its third orbital plane from the Taiyuan Satellite Launch Center on Sept 6.

Accord…

Malaysia’s GDP To Grow Above 5.0 pct In 2024 – Analysts

KUALA LUMPUR, Two investment banks have kept their projections for Malaysia’s economic growth above 5.0 per cent for 2024, attributing this to a supportive domestic economic environment and a recovery in external demand.

Hong Leong Investment Bank (…

AM Best Assigns Excellent Ratings To Thailand’s Allianz Ayudhya General Insurance

KUALA LUMPUR, Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of ‘a-‘ (Excellent) to Thai-based Allianz Ayudhya General Insurance Public Company Limited (AAGI).

In …

CPO Futures Close Lower Amid Rising Domestic Stock Levels

KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday amid rising stock levels in the country, said palm oil trader David Ng.

He also said that the market sentiment was also affected by the weaker exports.

Manufacturing Sector’s July Sales Value Hits RM157.1 Bln, Highest Growth Since Feb 2023 – DOSM

KUALA LUMPUR, The manufacturing sector’s July 2024 sales value reached RM157.1 billion, registering a 9.1 per cent jump versus the previous corresponding month and marking its highest growth since February 2023, said the Department of Statistics (DOS…

MATRADE Aims RM3.5 Bln Sales At MIHAS 2024

KUALA LUMPUR, The Malaysia External Trade Development Corporation (MATRADE) targets to generate RM3.5 billion in sales at this year’s edition of the Malaysia International Halal Showcase (MIHAS) from Sept 17-20.

Chairman Datuk Seri Reezal Merican Na…