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Economy

CIMB Sees SPAN Water Shift Boosting Contractors, Pipe Firms

KUALA LUMPUR, July 8 (Bernama) -- CIMB Securities Sdn Bhd expects spillover opportunities for contractors and pipe suppliers if the National Water Services Commission's (SPAN) call for the data centre industry to shift towards alternative water resources is implemented.

Khazanah Eyes AI Deals With French, Italian Sovereign Funds

KUALA LUMPUR, July 8 (Bernama) -- Khazanah Nasional Bhd has held a series of productive meetings with the French and Italian sovereign wealth funds to explore cross-border collaboration, particularly in the field of artificial intelligence (AI).

SC, Durham University Ink MoU To Advance Islamic Capital Market Education

KUALA LUMPUR, July 8 (Bernama) -- The Securities Commission Malaysia (SC) has signed a memorandum of understanding (MoU) with Durham University to strengthen cooperation in capacity building, knowledge sharing, and joint initiatives in Islamic finance and Islamic capital market (ICM).

ChemOne Secures US$350 Mln Islamic Insurance Cover From ISDB's Unit

KUALA LUMPUR, July 8 (Bernama) -- ChemOne Group has secured a US$350 million (US$1 = RM4.23) Islamic insurance cover from the Islamic Development Bank (IsDB)'s unit, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Malaysia’s Healthcare Sector Remains Positive Amid Ageing Population, Policy Changes

KUALA LUMPUR, July 8 (Bernama) -- Malaysia’s healthcare sector is expected to remain on a steady growth path, backed by rising affluence and an ageing population, according to Kenanga Investment Bank Bhd (Kenanga IB).

YTL Power Invests RM10 Bln In AI, Encourages Local Companies To Leverage AI Infrastructure

KUALA LUMPUR, July 8 (Bernama) – YTL Power International Bhd has invested about RM10 billion in artificial intelligence (AI) and AI infrastructure to date and encourages Malaysian companies to invest in AI and leverage the infrastructure.

microLEAP Disburses RM350 Mln In SME Financing In 1h 2025, Mulls Expansion Into Indonesia, Philippines

KUALA LUMPUR, July 8 (Bernama) -- Shariah-compliant peer-to-peer (P2P) financing platform microLEAP is drawing attention, having not only disbursed a commendable RM350 million in funding to small and medium enterprises (SMEs) in the first half of this year, but has also maintained the lowest default rate among all P2P operators in Malaysia at a mere 0.42 per cent.

Malaysia Wants Airbus, Embraer To Consider Malaysia As MRO, Supply Chain hub

KUALA LUMPUR, July 8 (Bernama) -- Malaysia wants aircraft supplier companies such as Airbus and Embraer to make the country a hub for maintenance, repair and overhaul (MRO), training and supply chain activities, if the agreements to purchase dozens of aircraft by AirAsia and Malaysia Airlines are realised.

US Imposes 25 Percent Tariff On All Malaysian Products To US

KUALA LUMPUR, July 8 (Bernama) -- The United States has imposed a higher tariff of 25 percent on any and all Malaysian products sent into the country, separate from all sectoral tariffs, effective Aug 1, this year.

Visits To Italy, France And Brazil Achieved Key Objectives, Says PM Anwar

RIO DE JANEIRO, July 8 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Monday that his official visits to Italy, France and Brazil have successfully met their intended objectives.

Expat Pass Application Process Reduced To 10 Days Via Xpats Gateway

KUALA LUMPUR, July 7 (Bernama) --  The processing time for Expatriate Employment Pass (EP) approvals, which used to take up to 40 days, has been reduced to just 10 working days following the integration of the Integrated Foreign Worker Management System (ePPAx) and MYFutureJobs into the Xpats Gateway, effective July 1.

Malaysia Committed To Strengthening Economic Co-operation With Brics -- Tengku Zafrul

KUALA LUMPUR, July 7 (Bernama) -- Malaysia is committed to strengthening co-operation in economics, trade and investment with BRICS countries, especially with the great potential of artificial intelligence (AI) which needs to be harnessed for inclusive development.