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Economy

Sarawak Moves Towards Becoming Home To Southeast Asia's Regenerative Medicine Hub

KUCHING, Aug 14 (Bernama) -- Sarawak is taking steps to strengthen its position in the biotechnology and healthcare sectors through a proposed RM50 million investment to develop the Sarawak Regenerative BioFoundry at the Sarawak Bio-Industrial Park.

Mercedes-Benz CLA 250+ Electric With AI-powered MB.OS, Arrives In Malaysia

KUALA LUMPUR, Aug 14 (Bernama) -- Mercedes-Benz Malaysia is bringing its new Mercedes-Benz Operating System (MB.OS) to the Malaysian market through the all-new CLA 250+ electric, integrating artificial intelligence (AI) from Google and Microsoft into its latest Mercedes-Benz User Experience (MBUX) infotainment system.

Digital Penang Eyes 2,000 Users For SME Digital Matching Platform In Six Months

GEORGE TOWN, Aug 14 (Bernama) -- Digital Penang is targeting 2,000 users for its SME Digital Matching Platform within the first six months as part of efforts to accelerate digital adoption among small and medium enterprises (SMEs) in the state.

Nasdaq-listed Intuitive To Invest Nearly US$500 Mln In Penang Over Five Years

GEORGE TOWN, Aug 14 (Bernama) -- US robotic-assisted surgery pioneer and Nasdaq-listed Intuitive Surgical Inc expects its investment in Penang to reach nearly US$500 million (US$1=RM4.08) over the first five years of operations as it establishes a major manufacturing presence in the state.

BNM To Review Macro Data Ahead Of MPC Meeting - BNM Governor

KUALA LUMPUR, Aug 14 (Bernama) -- Bank Negara Malaysia (BNM) will review the latest macroeconomic developments ahead of its upcoming Monetary Policy Committee (MPC) meeting in two weeks before deciding its appropriate monetary policy stance.

Policy Consistency, Strong Fundamentals Anchor Investor Confidence - BNM Governor

KUALA LUMPUR, Aug 14 9 (Bernama) -- Malaysia’s policy consistency and stronger economic fundamentals continue to support investor confidence, even amid concerns over the domestic political environment, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.

Pulau Jerejak Can Become Financial Hub To Complement High-Tech Sector - Sim

GEORGE TOWN, Aug 14 (Bernama) -- Pulau Jerejak has the potential to be developed as a financial hub to complement the semiconductor and high-tech sector in Bayan Lepas.

Malaysia Can Achieve High-Income Status In 3 Years - Sim

GEORGE TOWN, Aug 14 (Bernama) -- Malaysia has the potential to achieve high-income nation status in the next two to three years if the people continue to work hard and remain united in driving the country's progress.

No Revision To 2026 GDP Growth Forecast Of 5.0 Pct For Now - BNM

KUALA LUMPUR, Aug 14 (Bernama) --  Bank Negara Malaysia (BNM) said that there is no need to revise Malaysia’s 2026 gross domestic product (GDP) growth forecast at this juncture, remaining confident that growth will likely settle around five per cent.

Ringgit Remains Broadly Stable Against Major Trading Partners In 2Q 2026 - BNM

KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit remained broadly stable against the currencies of major trading partners in the second quarter (2Q) of 2026, amid evolving global financial conditions, particularly the shift in market expectations due to the direction of United States monetary policy, said Bank Negara Malaysia (BNM).

Malaysia's Current Account Remains Surplus At RM10.8 Bln In 2Q 2026 - DOSM

KUALA LUMPUR, Aug 14 (Bernama) -- Malaysia’s current account balance (CAB) recorded a surplus of RM10.8 billion in the second quarter of 2026 (2Q 2026), primarily supported by a substantial increase in the goods surplus to RM40.7 billion, according to the Department of Statistics Malaysia (DOSM).

Malaysia's Economy Grows 6.0 Pct In 2Q 2026, Beating DOSM's Advance Estimates -- BNM

KUALA LUMPUR, Aug 14 (Bernama) -- Malaysia's economy expanded by 6.0 per cent in the second quarter of 2026 (2Q 2026), surpassing the Department of Statistics Malaysia's (DOSM) advance estimate of 5.8 per cent, according to Bank Negara Malaysia (BNM).