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Economy

Yinson Production, PTSC Achieve First Oil At Lac Da Vang Field Ahead Of Schedule

KUALA LUMPUR, Oct 23 (Bernama) -- Yinson Holdings Bhd’s offshore production business unit, Yinson Production Offshore Pte Ltd, and PetroVietnam Technical Services Corporation (PTSC) have achieved first oil at the Lac Da Vang (LDV) field offshore Vietnam ahead of schedule.

APO Moves Partnership Programme Into Action At Manila Meeting

KUALA LUMPUR, Oct 23 (Bernama) -- The Asian Productivity Organization (APO) has moved its Strategic Partnership Program (SPP) further from planning towards implementation, as heads of national productivity organisations from its member economies met in Manila from Oct 20 to 22.

Shandong BRICS Trade Conference Draws Delegates From 30 Countries

KUALA LUMPUR, Oct 23 (Bernama) -- More than 100 business delegates from 30 countries and regions, including BRICS members and partner nations, met over 200 local companies at a trade and investment conference that opened in Jinan, the capital of east China’s Shandong province.

Fuzhou’s 2025 Fishery Output Nets Record 70 Bln Chinese Yuan

KUALA LUMPUR, Oct 23 (Bernama) -- Fuzhou’s fishery output value surpassed 70 billion Chinese yuan for the first time in 2025, ranking first in China for the 31st consecutive year, according to the organisers of the World Maritime Equipment Conference 2026. (100 Chinese yuan = RM61.21)

Minimum Wage Exemption In Budget 2027 To Help MSMEs Adjust Recruitment, Salaries -- SME Corp

KUALA LUMPUR, Oct 23 (Bernama) -- The RM2,000 minimum wage exemption for micro, small and medium enterprises (MSMEs) with annual sales revenue below RM50 million in Budget 2027, effective June 2027, would help businesses adjust their workforce recruitment and salary structures, said SME Corporation Malaysia.

EIP, Singapore's EDB Deepen Ties On Energy Innovation And Decarbonisation

KUALA LUMPUR, Oct 23 (Bernama) -- Energy Impact Partners (EIP), a global energy investor, has deepened its partnership with the Singapore Economic Development Board (EDB) to help advance energy innovation and decarbonisation in Singapore.

Use Data And Analytics To Improve Subsidy Targeting Based On Household Needs -- Experts

BANGI, Oct 23 (Bernama) -- Malaysia should use data and analytics to improve subsidy targeting based on household needs, helping those most in need while maintaining fiscal sustainability.

AiSEM@Selangor 2026 Records RM430 Mln In Potential GMV

KUALA LUMPUR, Oct 23 (Bernama) -- The Artificial Intelligence (AI) and Semiconductor Summit (AiSEM@Selangor) 2026 recorded an estimated RM430 million in potential gross merchandise value (GMV) and 23,333 visits over its four-day run before concluding on Oct 17, 2026.

AM Best To Present Insurance, Reinsurance Outlooks In Shanghai Conference

KUALA LUMPUR, Oct 23 (Bernama) -- Global credit rating agency, AM Best announced its analytic team members will present their outlooks on China’s non-life insurance segment and the global and Asian reinsurance markets at the 2026 Shanghai International Reinsurance Conference, to be held from Oct 27 to 30.

Johor's Power Infrastructure Faces Rising Demand From Data Centre Expansion – BMI

KUALA LUMPUR, Oct 23 (Bernama) -- Johor's expanding data centre industry is expected to drive significant electricity demand, highlighting the need for continued power infrastructure development, said BMI, a unit of Fitch Solutions.

Invest Malaysia Day 2026 Highlights Growth Opportunities For Singapore Businesses

KUALA LUMPUR, Oct 23 (Bernama) -- The Malaysian Investment Development Authority (MIDA), CIMB Singapore and the Singapore Business Federation (SBF) have jointly concluded the inaugural Invest Malaysia Day 2026 in Singapore.

Templafy Launches Shareable AI Document Agents For Business Teams

KUALA LUMPUR, Oct 23 (Bernama) -- Templafy, the agentic document generation platform, has launched Templafy Team, a new offering that enables professional teams build, customise and share their own artificial intelligence (AI) Document Agents, drawing on company knowledge, templates and approved content.