Malaysia Financial News

27.06 / 07:27

markets COST Provident wellness country electronic Lynas bets on new rare earths products, breaking China stranglehold

Lynas Rare Earths plans to separate two heavy rare earths used in electric vehicles and electronic gadgets at its plant in Malaysia, a step that could help to loosen China’s grip on markets for the critical materials. The Australia-listed company has designed a new process that will for the first time produce separated dysprosium and terbium at the plant, from which it ships rare-earth materials to customers in the U.S., Europe and East Asia. China essentially refines all the world’s heavy rare earths today.

25.06 / 11:05

Airlines Department Investigations International Malaysia Airlines flight to Bangkok makes a U-turn due to a pressurization issue

Malaysia Airlines says one of its plane en route to Bangkok made a U-turn back to Kuala Lumpur International Airport after experiencing a “pressurization issue."

22.06 / 13:55

Citi Provident Manufacturing Airlines Boeing Inside reports Malaysian Airlines Boeing engine catches fire minutes after take-off, makes emergency landing. Details here

Boeing is in the news once again for the wrong reason. In the latest addition of Boeing mishaps that have taken place this year, a fire broke out 15 minutes after the Boeing 738 aircraft took off from the Indian city of Hyderabad and the Kula Lumpur-bound flight returned, reports 'Business Insider'. A video going viral on social media sites shows the engine of the plane on fire with sparks flying out behind it. The plane returned to make an emergency landing at Hyderabad's Rajiv Gandhi International Airport.

20.06 / 10:57

economy wellness Trade country dance Malaysian leader Anwar says China a 'true friend' and not to be feared as Premier Li ends visit

Malaysian Prime Minister Anwar Ibrahim rejects the notion that China’s dominance is to be feared

19.06 / 17:41

UPS Digital Southern country International IPPB ties with Riya Money Transfer to set up 25,000 centres; eyes Southern states for international remittance

Mint. Around 50-60% of the new centers would be set up in these states, he added. The move aims to expand IPPB's digital payment channels to serve its 90 million customers.Transactions by IPPB customers have increased tenfold to 10 million per day over the past three and a half years, with 80-90% of these transactions serving its rural customer base, and 5-10% catering to semi-urban areas.

19.06 / 03:45

Digital Cooper economy Trade Celebrity country China and Malaysia are due to ink economic pacts as visiting Premier Li meets with Anwar

Chinese Premier Li Qiang is set to talk with Malaysian Prime Minister Anwar Ibrahim with the two countries due to ink new cooperation pacts on digital economy and green development as they mark 50 years of diplomatic relations

18.06 / 08:29

Citi Provident Forrester Research Trade President Relationships Australian Chinese premier focuses on critical minerals and clean energy on final day of Australian visit

Chinese Premier Li Qiang has ending his Australian tour in the west coast city of Perth where he focused on China’s investment in critical minerals, clean energy and busines links

17.06 / 20:17

Cooper Parke Southern Swimming reports Investigations boating Singapore says dredger that hit tanker reported sudden loss of control, oil spill cleanup ongoing

Singapore authorities say a dredger boat reported a sudden loss in engine and steering control before it hit a cargo tanker last week, causing the oil spill that has blackened part of the city-island’s southern shores

17.06 / 11:37

COST security Enterprise Trade 2020 reports Relationships Chinese premier lands in Australia on first such visit in 7 years

Chinese Premier Li Qiang has arrived in Australia on a relations-mending mission

17.06 / 11:37

UPS Parke Southern Fishing Wildlife prevention boating Singapore rushes to clean up oil slick after boat hits stationary fuel supply ship

A cleanup was underway after an oil spill caused by a dredger boat hitting a stationary cargo tanker blackened part of Singapore’s southern coastline

17.06 / 01:39

MET security Election Trade country International Australian Chinese premier and Australian prime minister meet at Australia's Parliament House

Li Qiang, Australian Prime Minister Anthony Albanese and senior ministers of both administrations met at Parliament House on Monday to discuss thorny issues, including lingering trade barriers, conflict between their militaries in international waters and China’s desire to invest in critical minerals. Li, China’s most senior leader after President Xu Jinping, arrived in the South Australian state capital of Adelaide on Saturday and the national capital of Canberra late Sunday in the first visit to the country by a Chinese premier in seven years.

14.06 / 16:59

Airlines wellness War country travelers Traffic International Air travel: International footfalls from India are not growing as fast as domestic— here is why

Also Read: Airfares have soared, but summer travellers don't careHow did the traffic not grow? The growth has been on the edge for a while until countries enticed Indians with visa-free travel or visa on arrival, which has been the case with Thailand and Malaysia. While travel to South East Asia has been on the rise, largely led by increased connectivity, travel to Europe and North America is yet to see its heydays.Europe has seen an ongoing war since 2022, along with the delay in issuing Schengen visas.

14.06 / 03:19

Target Fighting wellness War reports boating A missile strike from Yemen's Houthi rebels sets a cargo ship on fire in Gulf of Aden

The U.S. says the Iranian-backed Houthis launched two anti-ship cruise missiles and struck a commercial ship in the Gulf of Aden off Yemen, setting it on fire and severely injuring one civilian mariner

13.06 / 03:45

Cooper security Trade Celebrity country reports Relationships China's Premier Li is visiting New Zealand, where security fears vie with trade hopes on the agenda

China's Premier Li Qiang has arrived in New Zealand at the start of a weeklong tour that also includes Australia and Malaysia

13.06 / 02:37

markets UPS Aware Platform Enterprise Equality Malaysia’s Gentari plans minority stake sale in C&I assets to raise around $400 million

NEW DELHI:New Delhi: Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd (Petronas) that has been actively scouting for green energy assets in India, is now planning a minority fund raise in its proposed commercial and industrial (C&I) projects in an equity deal valued at around $400 million, two people aware of the development said.This will involve a stake sale of up to 49% in its 3.5 gigawatt (GW) assets that will supply electricity to a unit of AM Green, set up by Mahesh Kolli and Anil Kumar Chalamalasetty, founders of Greenko Group. The unit will produce 5 million tonnes per annum (mtpa) of green ammonia that is equivalent to about 1 mtpa of green hydrogen.

11.06 / 21:25

UPS Man Extreme Airlines Sustainability wellness hospital Singapore Airlines offers compensation to passengers on flight that hit extreme turbulence

Singapore Airlines has offered compensation to passengers of a flight that hit extreme turbulence last month

10.06 / 18:55

WhatsApp President Latin travelers PM Modi likely to visit Italy for G7 Summit as invitee; may meet Xi Jinping in Kazakhstan

Narendra Modi's global outreach in his third term is expected to begin with a 24-hour trip to Italy for the G7 summit on June 14 where he is an invitee. In subsequent months, Modi may visit Kazakhstan for the SCO summit (July 3-4), followed by BIMSTEC meet in Thailand (September), BRICS summit in Russia (October), G20 summit in Brazil (November) and a probable trip to New York in September for the UN General Assembly and Summit of Future.

10.06 / 15:40

COST Target economy Sustainability country strain Diesel prices jump 56% as Malaysia revamps decades-old fuel subsidies

Diesel price in Malaysia have jumped by more than 50%, as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgit annually

10.06 / 11:59

Provident Digital trends country reports travelers Destinations Southeast Asian nations top choice for Indians travelling abroad this summer: Survey

Indian travellers planning short vacations abroad, while the United States, Europe, and Australia were among the preferences for long stays, according to a survey released on Monday.

10.06 / 09:05

Target Digital Trade Bitcoin Bitcoin Etf reports Cross Light Capital Partners with Affin Bank to Launch Malaysia’s First Digital Asset Fund

Cross Light Capital, a local fund management company, has joined forces with Affin Bank to launch Malaysia’s first digital asset fund.

10.06 / 03:11

Provident Manufacturing CEO Airlines security International Stocks to watch: Dr Reddy's, Mphasis, IDBI Bank, Wardwizard, Dalmia Bharat

Dr Reddy’s Laboratories: The pharmaceutical company has reported that the US FDA issued a Form 483 with four observations at its API manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh on June 7. The company has stated that it will address these issues within the stipulated timeline.Mphasis: BCP Topco IX Pte, a Singapore-based private limited company linked to Blackstone, is set to sell a 10.6% stake in Mphasis at a base price of ₹2,350 per share.

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