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Economy

Malaysia's Economy Stays Resilient Despite Global Uncertainty - Amir Hamzah

PUTRAJAYA, Aug 7 (Bernama) -- The Malaysian economy remains resilient by recording encouraging growth despite facing global economic uncertainty and geopolitical conflicts, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

DPS Resources Unit Inks MoU With Hangyue For Melaka Data Centre Colocation

KUALA LUMPUR, Aug 7 (Bernama) -- DPS Resources Bhd’s wholly-owned subsidiary, Shantawood Sdn Bhd, has inked a memorandum of understanding (MoU) with Hangyue Intelligent Electrical Co. Ltd to establish a long-term strategic partnership in digital energy infrastructure, data centres, industrial development and related projects in Malaysia.

Selangor Targets RM14,500 Median Household Income Under RS-2

SHAH ALAM, Aug 7 (Bernama) -- The Selangor government is targeting to raise the state’s median monthly household income to RM14,500 and reduce the unemployment rate to 2.2 per cent under the Second Selangor Plan (RS-2).

Govt To Continue Efforts To Boost Wealth Of Bumiputera Households Via Various Mechanisms

PUTRAJAYA, Aug 7 (Bernama) -- The government will continue to strengthen the wealth of bumiputera households, particularly among the B40 and M40 income groups, through efforts to increase savings and investment opportunities, as well as skill development to raise incomes.

Malaysia-China Currency Swap Arrangement Renewed For Five Years

KUALA LUMPUR, Aug 7 (Bernama) -- Bank Negara Malaysia (BNM) and the People’s Bank of China have renewed their bilateral currency swap arrangement for a five-year term, effective from 2026 to 2031.

Selangor Unveils RS-2, Targets RM600 Bln In Economic Value By 2030

SHAH ALAM, Aug 7 (Bernama) -- The Selangor government today unveiled the Second Selangor Plan (RS-2), a five-year economic blueprint outlining six strategic missions across 25 focus areas, with a target of generating RM600 billion in economic value over the plan period. 

Malaysia Needs To Focus On Boosting Financial Ecosystems To Help Local Firms Grow -- Amir Hamzah

PUTRAJAYA, Aug 7 (Bernama) -- Malaysia does not need to create new investment funds but rather focus on strengthening ties between existing financing ecosystems to help local companies grow, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Fortude's AI-Driven Delivery Model Shortens ERP Implementation Timelines

KUALA LUMPUR, Aug 7 (Bernama) -- Fortude, a global digital solutions company, has introduced its artificial intelligence (AI)-driven delivery model for Infor CloudSuite implementations.

Malaysia Well Positioned To Benefit From Global AI-Driven Structural Shift

KUALA LUMPUR, AUG 7 (Bernama) -- Malaysia is well placed to benefit from the global artificial intelligence (AI)-driven structural shift, underpinned by its position as the world’s sixth-largest semiconductor exporter, growing specialisation in higher-value semiconductor manufacturing and growing appeal as a destination for digital infrastructure.

KWAP’s Dana Pemacu Invests RM51 Mln To Develop Local One-stop Nutraceutical Products Supplier, Brand Owner

KUALA LUMPUR, Aug 7 (Bernama) -- Retirement Fund Inc (KWAP) has invested RM51 million in 2025 into a one-stop nutraceutical products supplier and brand owner in Malaysia, in its effort to develop the nation’s private markets ecosystem via Dana Pemacu.

MATRADE Encourages Sabah Entrepreneurs To Leverage MIHAS INSP To Penetrate Global Markets

KOTA KINABALU, Aug 7 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) is encouraging Sabah entrepreneurs to participate in the Malaysia International Halal Exhibition (MIHAS) 2026 and register for the International Sourcing Programme (INSP) organised in conjunction with the exhibition.

Jelawang Capital, Dana Perintis Channel RM588 Mln Into Malaysian Startups In 2025

KUALA LUMPUR, Aug 7 (Bernama) – Khazanah Nasional Bhd’s (Khazanah) Jelawang Capital and the Retirement Fund Inc’s (KWAP) Dana Perintis anchored the venture stage, channelling RM588 million into startups across the consumer, digital, agritech and edtech sectors in 2025.