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Economy

Automotive, Data Centres, Aerospace Offer Higher-value Opportunities For Steelmakers -- Sim

SUBANG JAYA, Oct 29 (Bernama) -- Malaysia’s iron and steel industry can seize opportunities to shift to higher-value production by supplying the automotive, data centre, and aerospace sectors, Deputy Investment, Trade and Industry Minister Sim Tze Tzin said.

Budget 2027: RM1 Bln Electronic Medical Records Investment To Boost Health IT Opportunities

KUALA LUMPUR, Oct 29 (Bernama) -- The RM1 billion signalled in Budget 2027 for investment in nationwide electronic medical records will create longer-term opportunities for health information technology (IT), interoperability and digital infrastructure, while supporting continued efforts to expand health records. 

UAE’s Space42 Signs Satellite MoU With Viasat, Canada’s Terrestar

KUALA LUMPUR, Oct 29 (Bernama) -- Space42, the United Arab Emirates (UAE)-based artificial intelligence (AI)-powered SpaceTech company, United States satellite firm Viasat Inc and Canada’s Terrestar Solutions Inc have signed a memorandum of understanding (MoU) to develop an open, standards-based framework linking their planned satellite networks for direct-to-device (D2D) mobile services.

Tebedu-Entikong Route Reopening To Boost Cross-border Trade, Benefit SMEs -- SBF

By Zaphne Philip

KUCHING, Oct 29 (Bernama) -- The reopening of the Tebedu-Entikong trade route could significantly stimulate economic activity, boost cross-border trade, and attract investment between Sarawak and West Kalimantan, the Sarawak Business Federation (SBF) said.

Asia Pacific Airlines Carry 30.4 Mln International Passengers In September, Up 0.7 Pct -- AAPA

KUALA LUMPUR, Oct 29 (Bernama) -- Asia Pacific airlines carried a total of 30.4 million international passengers in September 2026, a marginal 0.7 per cent increase compared with the same month last year, according to the Association of Asia Pacific Airlines (AAPA).

Brent Crude Oil Prices Expected To Average US$80-US$95 Per Barrel In 2027 - Analysts

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 29 (Bernama) -- Brent crude oil prices are expected to average between US$80 per barrel and US$95 per barrel in 2027, assuming a progressive restoration of West Asian oil exports and a recovery in global supply that outpaces demand growth, analysts said.

When Cheap Drones Become Costly Threats: Inside Turkİye’s AI-Powered ‘Steel Dome’

KONYA (Turkiye), Oct 29 (Bernama) -- The thunderous sound of anti-aircraft gunfire echoed across a military firing range in Konya, Turkiye, as an advanced defence system demonstrated how modern armies could counter drones, one of today's fastest-growing security threats.

Commodity Prices To Rise 23 Pct This Year, Further Supply Shocks Expected As Oil Stocks Depleted - World Bank

KUALA LUMPUR, Oct 28 (Bernama) -- Commodity prices are set to rise 23 per cent in 2026 as global shocks mount with the West Asia conflict having drawn down oil inventories and is set to push energy prices to a four-year high, according to the World Bank Group’s latest Commodity Markets Outlook released today. 

MACC Still Investigating KWAP's Investment In Efishery -- MoF

KUALA LUMPUR, Oct 28 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) is still investigating Retirement Fund Incorporated’s (KWAP) investment in Indonesian aquaculture technology company eFishery, the Ministry of Finance (MoF) said today.

Total RM3.8 Bln Financing Approved To Benefit About 6,800 SME Accounts

KUALA LUMPUR, Oct 28 (Bernama) -- Financing totalling RM3.8 billion under Bank Negara Malaysia’s (BNM) SME Stabilisation Relief Facility (SME SRF) has been approved as at Sept 30, 2026, benefiting more than 6,800 small and medium enterprise (SME) accounts.

Malaysia’s Digital Economy To Reach US$48 Bln GMV In 2026, Matching Vietnam’s Growth

KUALA LUMPUR, Oct 28 (Bernama) -- Malaysia’s digital economy is projected to reach US$48 billion (US$1=RM4.08) in gross merchandise value (GMV) this year, according to the 11th edition of the annual e-Conomy SEA Report 2026. 

Kenanga IB Raises Malaysia's 2026 PPI Growth Forecast To 7.4 Pct Amid Energy Risks

KUALA LUMPUR, Oct 28 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has raised Malaysia’s 2026 Producer Price Index (PPI) growth forecast to 7.4 per cent from 6.4 per cent previously, amid persistent energy market risks from the prolonged conflict in West Asia.