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Economy

Virgin Active To Buy Holmes Place Germany For 135 Mln Euros

KUALA LUMPUR, Nov 10 (Bernama) -- Fitness and wellness brand, Virgin Active has agreed to acquire Holmes Place Germany for 135 million euros in cash, marking its entry into Europe’s largest fitness market. (1 Euro = RM4.55)

Malaysia's Natural Rubber Production Up 7.3 Pct In Sept 2026 - DOSM

KUALA LUMPUR, Nov 10 (Bernama) -- Malaysia's natural rubber (NR) production increased 7.3 per cent in September 2026 to 31,657 tonnes from 29,510 tonnes in August 2026.

Malaysia’s Palm Oil Stocks Rise 3.15 Pct To 3.62 Mln Tonnes In October - MPOB

KUALA LUMPUR, Nov 10 (Bernama) -- Malaysia’s total palm oil stocks rose by 110,610 tonnes, or 3.15 per cent, to 3.62 million tonnes in October this year from 3.51 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).

YYForce Eyes Sustained Profitability On Robotics, Workforce Automation

KUALA LUMPUR, Nov 10 (Bernama) -- Nasdaq-listed workforce and facility management provider, YYForce Inc (YYForce) announced it is moving towards sustained profitability and positive operating cash flow, although it did not disclose any financial figures.

Malaysia's IPI Up 6.3 Pct Y-O-Y In September -- DOSM

KUALA LUMPUR, Nov 10 (Bernama) -- Malaysia’s Industrial Production Index (IPI) rose 6.3 per cent year-on-year in September, driven mainly by the manufacturing sector, which recorded sales valued at RM191.1 billion.

Mega Projects, Buildings Must Address Public Welfare, Societal Needs — PM Anwar

KUALA LUMPUR, Nov 10 (Bernama) -- Mega projects and buildings must address public welfare and societal needs as ignoring these risks would fuel frustration and resentment, said Prime Minister Datuk Seri Anwar Ibrahim.

Chery’s LEPAS L6 EV Completes 700km Drive With Global Ambassadors

KUALA LUMPUR, Nov 10 (Bernama) -- Chery Auto’s premium new energy vehicle (NEV) brand LEPAS took 34 ambassadors from 15 countries, including journalists from motoring media outlets, on a drive of nearly 700 kilometres (km) in its LEPAS L6 EV from Shanghai to Wuhu.

Malaysia Among Three Asian Markets With Net Foreign Inflows, Attracts US$381.3 Mln

KUALA LUMPUR, Nov 10 (Bernama) -- Foreign institutions extended their net buying streak to two consecutive weeks on Bursa Malaysia, recording net inflows of US$381.3 million (US$1=RM4.05), according to MBSB Investment Bank Bhd (MBSB IB).

Softbank, Grab Announce US$1.85 Bln Initial Seed Capital For Malaysia's AI Infrastructure

By Anas Abu Hassan

SINGAPORE, Nov 9 (Bernama) -- SoftBank Group Corp and Grab Holdings Ltd on Monday announced the signing of joint development agreements in connection with plans for US$1.85 billion (US$1=RM4.06) initial combined seed capital to develop artificial intelligence (AI) infrastructure in Malaysia with Petroleum Sarawak Bhd (Petros).

Softbank-led Consortium’s AI Investment Reflects Global Confidence In Malaysia -- PM Anwar

KUALA LUMPUR, Nov 9 (Bernama) -- The SoftBank-led consortium’s investment in an artificial intelligence (AI) platform in Malaysia reflects global confidence in the country’s potential to develop and use AI, says Prime Minister Datuk Seri Anwar Ibrahim.

Bank of Thailand Urges Financial Institutions To Step Up Cybersecurity

By Teng Khoon Hock

BANGKOK, Nov 9 (Bernama) -- The Bank of Thailand (BOT) has urged financial institutions to strengthen their cybersecurity measures and remain vigilant against potential cyberattacks following incidents involving financial institutions in other countries.

Under JS-SEZ, Nexus Sedenak Strengthens Kulai's Role As Economic Hub - Teo

KULAI, Nov 9 (Bernama) -- The high-impact Nexus Sedenak project will become a primary growth catalyst for the southern region’s economy as one of the new industrial and logistics hubs under the Johor-Singapore Special Economic Zone (JS-SEZ).