Malaysia Financial News

₹5,200, a jump of 23% from a year earlier. Similarly, a Bengaluru-Kochi ticket now costs around ₹3,500, a 46% spike from a year ago. While air traffic slowed in July on account of monsoon, travel picked up in August.

Here is the list of award money athletes get for finishing on the podium in Olympics. Hong Kong and Singapore top the list for the highest cash payouts for Olympic victories.

Singapore's DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta, who has led Southeast Asia's biggest bank for 14 years. She will be the bank's first female chief executive and also the first to be appointed from within the ranks of the bank.

Lakshya Sen vs Lee Zii Jia Live Score Updates: Although the World No. 22 shuttler Lakshya Sen's dreams of winning a gold were dashed on August 4, when he lost to World No. 2 Viktor Axelsen of Denmark, he's now set for the bronze medal match today evening.

Draft rules for the legalisation of casinos, which include an initial 30-year casino license with a 10-year renewal option, have been published for public feedback until August 18. The casinos will be part of large entertainment complexes featuring hotels, convention centers, and amusement parks, among other amenities. Thailand would thus join the ranks of the United Arab Emirates and Japan in vying for a share of the global casino industry, estimated to have generated $263 billion in revenue last year. Major players like Galaxy Entertainment Group Ltd. and MGM Resorts International have shown interest in opening casino resorts in Thailand, considering it a strategic move against the uncertain prospects in Macau. Las Vegas Sands Corp. expressed interest in entering the Thai market, stating last month it would consider expanding to Thailand if the opportunity arises.

Satwiksairaj Rankireddy and Chirag Shetty's dreams of securing a maiden Olympic medal came crashing down after a heartbreaking three-game loss to Aaron Chia and Soh Wooi Yik of Malaysia in the men's doubles quarterfinals at the Paris Games here on Thursday. One of the favourites for the gold medal, Satwik and Chirag, the reigning Asian Games champions and Commonwealth Games winners, squandered a first-game advantage to go down 21-13 14-21 16-21 in a hard-fought quarterfinal against the world number 3 Malaysians. Aaron and Chia, the 2022 world champions and Tokyo Games bronze winners, will face world number one and top seed Liang Wei Keng and Wang Chang in the semifinals. The Indians entered the contest after stitching three successive wins against the Malaysians in the last three meetings.

The state of Uttar Pradesh is deceptively large. Working-age women (20-59 years) in the state—about 57 million in 2021—outnumber the entire population of countries like Canada, Australia, Malaysia, and South Korea. The state has more women aged 20-29 than the combined population of Norway, Finland and Denmark.

AI and analytics unicorn Fractal Analytics has hired Morgan Stanley, Kotak Mahindra Capital and Axis Capital as bankers for its initial public offering (IPO) that could be worth $400-500 million and value the firm at close to $3 billion, executives close to the development told ET.

Luno, a crypto exchange licensed by the Securities Commission Malaysia, is launching its third crypto staking, this time, for Solana. Scarlett Chai, Luno’s country manager, noted that the exchange has already released the teaser of the launch.

Reserve Bank of India said that global acceptability of the UPI and the development of CBDCs — can lower the cost of remittances, enhance their volume and also inflows to the recipients.

Mint's emerging markets (EM) tracker for a seventh straight month, thanks to a stellar performance by the stock market, whose average monthly capitalization rose by 5.3%, the best among all other emerging market peers in the league table. Apart from India, Malaysia was the only other country to witness a rise in its stock market capitalization during the month. Strong GDP growth and Purchasing Managers’ Index manufacturing also played a role in keeping India on top.

Jaishankar on Sunday met US Secretary of State Antony Blinken and held a wide-ranging discussion on bilateral ties and regional and global issues. The two leaders met on the sidelines of the Quad Foreign Ministers' meeting in Tokyo.

Fruit bats are the usual reservoir of the virus, and humans can become infected by accidentally consuming bat-contaminated fruits.When the first outbreak was recognised in Malaysia and Singapore, most human infections had resulted from direct contact with sick pigs or their contaminated tissues. "Transmission is thought to have occurred via unprotected exposure to secretions from the pigs, or unprotected contact with the tissue of a sick animal," the WHO said.Later, the outbreaks in Bangladesh and India was most likely caused by consumption of fruits or fruit products contaminated with urine or saliva from infected fruit bats.Human-to-human transmission of the Nipah virus has also been reported among families and caregivers of infected patients.

Open Society Foundations revealed Tuesday its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development

Red Sea crisis and ongoing war between Ukraine-Russia and Israel-Hamas. E-commerce exports are growing rapidly and those done through the postal and courier routes are pegged at $1.5 billion. Here's a look at the challenges the export sector is facing and its budget wishlist. India's goods and services exports in FY24 were at an all-time high of $778.2 billion, up 0.23% from $776.4 billion in 2022-23 (goods USD 437.1 billion and services USD 341 billion). Key issues in India's export saga;

Boeing’s 737 Max is a more fuel-efficient version of the American aerospace company’s popular 737, the best-selling airliner ever

Yemen’s Houthi rebels likely fired an Iranian-made anti-ship cruise missile at a Norwegian-flagged tanker in the Red Sea in December, an assault that now provides a public, evidence-based link between the ongoing rebel campaign against shipping and Tehran

AirAsia on Tuesday announced it will bring an innovative 'cinematic in-flight' experience for movie-goers to selected cinemas across the country to showcase its destinations as part of the movie-goers experience. AirAsia said the initiative is aimed at inviting travellers from India to discover the hidden gems of Asia and Australia and beyond through its network that will soon connect 16 cities in India to over 130 destinations across its network via Malaysia and Thailand. The collaboration will enhance AirAsia's outreach via more than 130 cinemas across 12 cities over the next six months, AirAsia's Chief Commercial Officer Paul Carroll. As part of this initiative, movie-goers will stand the chance to win AirAsia tickets to anywhere across its network, Carroll said, adding during this period, AirAsia will also be collaborating with more than 130 local travel content creators to showcase its destinations to Asia, Australia and beyond, spanning bustling cities, serene beaches, historic landmarks, and vibrant local cultures.

A Malaysian court has dismissed a bid by imprisoned former Prime Minister Najib Razak to serve his remaining corruption sentence under house arrest

Illegal crypto mining operators in Malaysia have stolen $723 million worth of electricity between 2018 and 2023.

Taiwanese at a villa in Bali over alleged cyber fraud, authorities said Friday. The proliferation of cyber fraud groups in Southeast Asia has become a growing concern in recent years, and authorities in countries including China, Indonesia and Malaysia have stepped up efforts to stop them.