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Economy

INSKEN Urges Malay Entrepreneurs To Harness Digital Technologies

IPOH, April 19 (Bernama) -- The National Entrepreneurship Institute (INSKEN) has urged Malay entrepreneurs to strengthen their businesses through digitalisation following global economic uncertainty due to the conflict in West Asia.

Semiconductor Upcycle To Drive Penang's Growth Amid Global Headwinds - Economist

By Farhana Poniman

GEORGE TOWN, April 19 (Bernama) -- Despite rising geopolitical uncertainties, a sustained global semiconductor upcycle is expected to drive Penang’s economic growth through 2026.

Govt Assures No Suitability Issues Arising From Use Of Biodiesel

PORT KLANG, April 18 (Bernama) -- The government has given assurances that there are no suitability issues arising from the use of biodiesel, particularly at the B20 level, following the implementation of vehicle engine specifications supporting the fuel since 2020.

Agrobank AUM Programme Drives RM6.5 Mln Sales Growth In Kelantan

KOTA BHARU, April 18 (Bernama) -- Agrobank’s Upward Migration (AUM) programme continues to empower local entrepreneurs, with participants from Kelantan recording sales exceeding RM6 million, reflecting the encouraging business expansion driven by the bank's guidance and continuous support.

First Rolling Plan Of 13MP Allocates RM28.8 Million To Develop Halal Industry - Mohd Shahar

KUANTAN, April 18 (Bernama) -- The First Rolling Plan of the 13th Malaysia Plan (13MP) has allocated RM28.8 million for projects and programmes to develop the halal industry, Deputy Minister of Economy Datuk Mohd Shahar Abdullah said.

National Investment Programme To Boost Investor Literacy, Support Economic Growth

KUALA LUMPUR, April 18 (Bernama) – The National Investment Programme (NIP) organised by Bursa Malaysia is set to enhance investor literacy and support long-term economic growth by fostering more informed participation in the capital market, said Economy Minister Akmal Nasrullah Mohd Nasir.

Malaysia Consumes 700,000 Barrels Of Oil Per Day, Double The Daily Production -- MOF

KUALA LUMPUR, April 18 (Bernama) -- Malaysia still needs to import crude oil despite having its own oil production because domestic consumption is much higher, at about 700,000 barrels per day, compared to the 350,000 barrels produced per day, according to the Finance Ministry (MoF).

Strait Of Hormuz Reopening A Positive Step, Supply Security A Priority -- Akmal Nasrullah

KUALA LUMPUR, April 18 (Bernama) -- Economy Minister Akmal Nasrullah Mohd Nasir today described Iran’s commitment to keeping the strategic Strait of Hormuz open as a positive step.

Strait Of Hormuz Reopening Good News But Too Early To Celebrate - Economist

KUALA LUMPUR, April 18 (Bernama) -- Iran’s move to reopen the Strait of Hormuz is welcome news, but it is too early to celebrate as the security situation remains fragile with elevated insurance costs, University of Nottingham Malaysia assistant professor of business economics Dr Tan Chee Meng said.

Malaysia Continues To Shift Towards Re, Regional Power Integration -- Amir Hamzah

KUALA LUMPUR, April 18 (Bernama) -- Malaysia will continue to shift towards renewable energy (RE) while maintaining a stable base in power systems that will anchor the country’s stability going forward, said Finance Minister II Datuk Seri Amir Hamzah Azizan. 

Rising Geopolitical Uncertainty Drives Shift From Efficiency To Resilience - Amir Hamzah

KUALA LUMPUR, April 18 (Bernama) -- Countries are moving away from efficiency-driven economic models towards resilience, as rising geopolitical uncertainty reshapes the global economic landscape, including trade and investment strategies.

Vale Names Edwin Gerard As CEO Of Its Malaysian Unit

KUALA LUMPUR, April 17 (Bernama) -- Brazilian mining company Vale SA has appointed Edwin Gerard as chief executive officer (CEO) of its Malaysian subsidiary, Vale Malaysia Minerals Sdn Bhd.