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Economy

Selangor, MAHB Devise Five Strategies To Attract High-impact Foreign Investments In Aerospace Sector

SHAH ALAM, July 9 (Bernama) -- The Selangor state government, together with Malaysia Airports Holdings Bhd (MAHB), has devised and implemented five integrated strategies to ensure that the Selangor Aero Park (SAP) @KLIA Aeropolis project can attract high-impact foreign investments in the aerospace sector.

Malaysia Gold Association Establishes Shariah Advisory Board

KUALA LUMPUR, July 9 (Bernama) -- The Malaysia Gold Association (MGA) has recently appointed its first Shariah Advisory Board (SAB), a significant step forward in providing Shariah governance, upholding ethical standards, and fostering greater confidence in Malaysia’s gold industry.

SiPearl Closes 130 Mln Euros Series A To Power Europe’s First Exascale Supercomputer

KUALA LUMPUR, July 9 (Bernama) -- SiPearl, the European startup developing energy-efficient processors for supercomputing and artificial intelligence (AI), has completed the final 32 million euros tranche of its 130 million euros Series A funding round. (1 euro = RM4.96)

Malaysia Still Optimistic On Outcome Of US Tariff Talks

KUALA LUMPUR, July 9 (Bernama) -- Malaysia remains optimistic about the outcome of its tariff negotiation with the United States (US), banking on certain sectors that could be favourable to both countries, says Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Aziz.

Boyd Expands Liquid Cooling Portfolio With High-capacity Coolant Distribution Unit 

KUALA LUMPUR, July 9 (Bernama) -- Boyd has announced the launch of its ROL2300, a high-capacity liquid-to-liquid coolant distribution unit (CDU) designed to meet the demanding thermal needs of artificial intelligence-driven data centres.

Financial Aid Programmes To Support B40, SST To Drive Economic Stability -- Economists

By Harizah Hanim Mohamed

KUALA LUMPUR, July 9 (Bernama) -- Salary increases, along with the expansion of recipients and higher allocations under the public assistance programme, are expected to cushion the short-term impact of rising prices following the expansion of the Sales and Service Tax (SST).

PU Prime, Argentina Football Association Seal Global Partnership In Madrid

KUALA LUMPUR, July 9 (Bernama) -- PU Prime and the Argentina Football Association (AFA) have formalised a strategic partnership aimed at amplifying their global presence during a ceremonial signing event held at the Argentina Football Academy Vallecas in Madrid.

Malaysia To Remain Competitive Among ASEAN Peers Amid Potential US Tariff

KUALA LUMPUR, July 9 (Bernama) -- Malaysia remains competitive relative to its ASEAN peers despite the potential 10 per cent additional tariff imposed by the United States (US) on countries perceived to be aligned with BRICS, said MIDF Amanah Investment Bank.

Anwar's Visits To Italy, France, Brazil Boost Malaysia's Global Economic, Humanitarian Standing

By Syed Iylia Hariz Al-Qadri Syed Izman and Ummu Khalidah Hamzah

KUALA LUMPUR, July 9 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s recently concluded official visits to Italy, France, and Brazil have been described as a strategic move to strengthen Malaysia’s position in the global economic and geopolitical arena.

Tariff Delay Gives Malaysia Time To Secure Better Trade Terms -- CIMB Securities

KUALA LUMPUR, July 9 (Bernama) -- Malaysia still has time to negotiate better terms following the United States (US) decision to defer its tariff enforcement date to Aug 1, 2025, from the earlier scheduled date of July 9, CIMB Securities Sdn Bhd said.

PBAPP Launches RM5 Bln Sukuk To Boost Penang’s Water Infrastructure

GEORGE TOWN, July 8 (Bernama) -- Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) today launched its inaugural RM5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Programme) to support critical water infrastructure development and long-term water security in Penang.

Anwar’s Visits To Italy, France, Brazil To Strengthen Investment, Trade Prospects

By Rosemarie Khoo Mohd Sani and Mikhail Raj Abdullah 

KUALA LUMPUR, July 8 (Bernama) -- Malaysia stands to gain immensely from Prime Minister Datuk Seri Anwar Ibrahim’s official visits to Italy, France and Brazil, not only in attracting potential investments, but also in expanding export markets as protectionist tendencies from American tariffs threaten to shutter global trade.