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Economy

SSER, CEXIM Sign RM5 Bln Loan Repurposing Agreement For NPWSS Financing

KUALA LUMPUR, Oct 30 (Bernama) -- Suria Strategic Energy Resources Sdn Bhd (SSER), a Minister of Finance Incorporated company, and the Export-Import Bank of China (CEXIM) today signed a loan repurposing agreement valued at RM5 billion to finance the Northern Perak Water Supply Scheme (NPWSS).

Alushibe To Bring 12 International Food Brands To Libya

KUALA LUMPUR, Oct 30 (Bernama) -- Libya’s Alushibe Holding Group announced its plan to bring 12 international food and beverage brands to the country by 2028 via its Retail & Destinations division, beginning with Turkish ice cream and patisserie chain MADO.

YYForce Deploys 11 Service Robots At Two Singapore Hotels

KUALA LUMPUR, Oct 30 (Bernama) -- YYForce Inc (YYForce) has deployed a fleet of 11 autonomous service robots at the Novotel Singapore on Stevens and Mercure Singapore on Stevens hotel complex under a 24-month commercial agreement.

QualityKiosk Technologies Rebrands As QKTech, Shifts Focus To AI Reliability

KUALA LUMPUR, Oct 30 (Bernama) -- QualityKiosk Technologies has rebranded as QKTech, as it repositions itself as an artificial intelligence (AI) reliability engineering and assurance company.

Dialog Targets Additional RM3 Bln Investment In Pengerang Deepwater Terminals

JOHOR BAHRU, Oct 30 (Bernama) -- Dialog Group Bhd plans an additional investment of RM3 billion between 2027 and 2030 to support the continued development of the Pengerang Deepwater Terminals (PDT).

MCMC Issues Spectrum Assignments To CelcomDigi

KUALA LUMPUR, Oct 30 (Bernama) -- The Malaysian Communications and Multimedia Commission (MCMC) has issued spectrum assignments to CelcomDigi Bhd via its wholly owned subsidiary, CelcomDigi Telecommunications Sdn Bhd (CDTel), for the 2600 MHz and 900 MHz frequency bands under Lot B of the Applicant Information Package No. 1 of 2026.

MATRADE Encourages Malaysian Companies To Explore High-Value Technology Opportunities In China

KUALA LUMPUR, Oct 30 (Bernama) -- Malaysian companies are encouraged to explore collaboration opportunities in China's high-value technology sectors, particularly artificial intelligence (AI), the digital economy and green technology, in line with the country's development priorities for 2026 to 2030.

Invest Johor Identifies Five Potential Sectors At Nexus Sedenak

By Hasnah Jusid

JOHOR BAHRU, 30 Oct (Bernama) – Invest Johor has identified five key potential sectors for development at Nexus Sedenak, which is set to become a new industrial and supply chain hub under the Johor-Singapore Special Economic Zone (JS-SEZ).

SkyDrive Teams Up With Six Singapore Tech Firms On eVTOL

KUALA LUMPUR, Oct 30 (Bernama) -- Japanese electric vertical take-off and landing (eVTOL) aircraft developer, SkyDrive Inc has signed a memorandum of understanding (MOU) with six Singapore-based technology companies for joint research, development and technical validation of key eVTOL components.

HSBC Upgrades Malaysia's 2026 GDP Growth To 5.5 Pct

KUALA LUMPUR, Oct 30 (Bernama) -- HSBC has upgraded Malaysia’s 2026 economic growth to 5.5 per cent from 5.2 per cent, the third consecutive year above the five per cent threshold, according to HSBC. 

South Korea’s KB Insurance Ratings Affirmed Excellent - AM Best

KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has affirmed South Korea’s KB Insurance Co Ltd (KBI) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.

BNM Appoints Ahmad Fauwaz Fadzil To Shariah Advisory Council

KUALA LUMPUR, Oct 30 (Bernama) -- Bank Negara Malaysia (BNM) has appointed Ahmad Fauwaz Fadzil as a new member of the Shariah Advisory Council (SAC) for a two-year term, effective Nov 1, 2026.