Joining BRICS Will Highlight Malaysia’s Potential As Gateway To ASEAN Economic Activity

KUALA LUMPUR, Malaysia’s participation in BRICS will underscore the country’s potential as a gateway for economic activities in ASEAN countries, said an economist.

INCEIF University economic analyst Baharom Abdul Hamid said Malaysia is also able to …

China’s Gotion High-Tech Planning To Set Up Plant In Malaysia

SINGAPORE, Chinese battery maker, Gotion High-Tech Co Ltd (Gotion) is planning to set up a battery pack assembly plant in Malaysia to boost its presence in Southeast Asia, said its senior vice-president and Asia Pacific business unit president, Dr Qi…

Nabla Works’ Face Recognition Access Solutions Improve Safety, Convenience

KUALA LUMPUR, Nabla Works Corp has launched Face Recognition Access Solutions utilising advanced image recognition technology with the aim to provide information technology-based convenience and efficiency for various industries via artificial intell…

GG56 Korea To Invest US$1 Bln In Forest City To Develop Malaysia’s First K-culture Town

ISKANDAR PUTERI, Korean investment firm GG56 Korea Ltd will invest US$1 billion (US$1=RM4.37) in Forest City to develop Malaysia’s first Korean Culture Town.

This is following the signing of a memorandum of agreement (MoA) with Forest City’s master …

Malaysia To Lead Coordination Of ASEAN-India FTA Review In November – Tengku Zafrul

KUALA LUMPUR, Malaysia will lead the coordination between ASEAN countries and India to improve aspects of the free trade agreement (FTA) between the two parties, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He sa…

RHB IB Revises Downward 2024 Inflation Projection To 2.1 Pct

KUALA LUMPUR, RHB Investment Bank Bhd (RHB IB) has revised its 2024 headline inflation projection downward to 2.1 per cent from a previous 2.6 per cent forecast.

It expects core inflation to average 2.0 per cent in 2024, the research bank said in a …

BNM’s International Reserves Rise To US$115.9 Bln As At Aug 15, 2024

KUALA LUMPUR, Bank Negara Malaysia’s (BNM) international reserves rose to US$115.9 billion (US$1=RM4.36) as at Aug 15, 2024, from US$114.7 billion as at July 31, 2024.

In a statement today, the central bank said the reserves position was sufficient …