Malaysia Financial News

The Federal Open Market Committee meets next week, when it will issue a new edition of its popular (if rarely entirely accurate) Summary of Economic Projections. This columnist and other, wiser souls already have proposed ways the Federal Reserve could improve this quarterly dot-apalooza, but let me suggest one more: It would be great if the Fed would mention the exchange rate once in a while. Managing the dollar is the most important job no one in Washington is doing these days.

Olympic medalist and ace Indian shuttler PV Sindhu suffered a first-round defeat in the Indonesia Open 2024 in Jakarta on Wednesday.

Alphabet's Google said on Monday the completion of its data centre and cloud facilities expansion in Singapore meant it had invested $5 billion in its technical infrastructure in the Southeast Asian nation. The company said its data centres in Singapore employ over 500 people and are used to power services such as Google Search and Maps.

Realme GT 6 could be launched in India, Italy, Indonesia, Spain, Thailand, Malaysia, Mexico, Philippines, Brazil, Poland, Turkey and Saudi Arabia next month.While Realme hasn't officially revealed the price or any other details of the Realme GT 6 smartphone, a look at the price specs of the Realme GT Neo 6 could give us an idea about the price of the upcoming smartphone in India. Realme GT 6 Neo was priced at CNY 2,099 (approximately ₹24,200) for the 12 GB RAM/256GB storage variant and CNY 2,399 (approximately ₹27,500) for the 16GB RAM/256GB storage variant.

Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country

GT lineup. While official details from Realme are still limited, speculation suggests that the GT 6 may be a rebranded version of the GT Neo 6.

Google will invest $2 billion in Malaysia to develop its first data centre and Google Cloud region in the country, the unit of Alphabet said on Thursday, the latest in a wave of expansion by global tech firms into Southeast Asia. The government said the investment would advance Malaysia's digital ambitions, and the artificial intelligence (AI) capabilities and other advanced technologies would help local industry move up the global value chain.

A preliminary investigation says the Singapore Airlines plane that ran into turbulence last week went through huge changes in gravitational force, leaving one passenger dead and many others injured

Malaysian Airlines plane, a new claim has been made by the most unexpected people. Some amateur investigators claim to have cracked the decade-long mystery of the disappearance of flight MH370. They have claimed that the plane has been spotted in Google Maps in the dense forest of Cambodia, reports 'Daily Star'. Malaysian Airlines flight MH370 was on its regular flight from Kuala Lumpur to the Chinese capital Beijing in March 2014, when it suddenly lost call contacts and simply disappeared from the radar. It vanished just 40 minutes after taking off from the Malaysian capital. Its debris too has not been found despite repeated attempts by various agencies in the past ten years. Flight MH 370 has become one of the biggest mysteries of aviation history.

Gentari Sdn Bhd, the renewable energy arm of Malaysian energy giant Petronas, is the frontrunner for a part of the India renewable portfolio of Brookfield Asset Management, said two people aware of the development. Gentari, which has conducted due diligence of the assets, has signed an exclusivity agreement for further negotiations with Brookfield, they said. Government-run Oil and Natural Gas Corp (ONGC) is another contender that has completed due diligence, said people with knowledge of the matter. The 2 GW renewable portfolio of Brookfield in India that’s up for sale has an estimated enterprise value of $800 million-1 billion (Rs 6,600-8,300 crore). Other entities that had submitted initial bids but are no longer in the race include Sekura Energy, Sembcorp and UAE's Masdar Energy, they said. Of the portfolio, 1 GW is operational and projects with a capacity of 1 GW are under construction, expected to be completed within 18 months, said the people cited.

₹50 crore in a mix of equity and debt to expand its presence in India's wedding and occasion-wear market. The funding was led by Sangita Jindal, chairperson, JSW Foundation.

ALSO READ: What does Google CEO Sundar Pichai like to eat in India? 'Dosa in Bengaluru, Chole Bhature if it is…'Sharing the glimpses, a social media user named Aditya Worah took to X and wrote, "Only in Delhi can you expect this. Eat Chole Bhature, Lose Weight, Reduce Diseases."Soon after he shared a post in X, it became viral and garnered 47.5K views.

Indian shuttler and two-time Olympic medalist PV Sindhu conceded a defeat in the final match of the Malaysia Masters competition against China's Wang Zhiyi on Sunday. The Indian shuttler lost to her Chinese opponent 21-16, 5-21, and 16-21 in the final match of the women's singles. Sindhu started the final game on a good note and dominated the first set as she won it by 21-16. In the second set, the Chinese made a comeback in the game and didn't give Sindhu a chance to clinch points. Zhiyi won the second set by 5-21. In the final set, Zhiyi had the last laugh of the game as she beat Sindhu by 16-21.

PV Sindhu's wait for a much-needed title extended further as she faltered in the finishing line, going down in three games to world no. 7 Wang Zhi Yi of China in the summit clash on Sunday. Fifth seed Sindhu, a double Olympic medallist, last won the Singapore Open and Commonwealth Games in 2022 and finished runner-up at the Madrid Spain Masters in 2023. The title here looked within her reach when world no. 15 Sindhu held a massive 11-3 lead in the decider after winning the opening game but the former world champion imploded after the final change of sides to go down 21-16 5-21 16-21 in a 79-minute women's singles final. The title would have been an icing on the cake but her impressive run to the final will still give her a lot of confidence as Sindhu looks to put the finishing touches ahead of the Paris Olympics. It was her first final on BWF world tour after more than a year.

Malaysian authorities have dismantled a forex investment fraud and cryptocurrency syndicate that had been operating in the country.

AP reported Bangkok's Samitivej Srinakarin Hospital as saying.According to the report, 27 people remained in intensive care, and a 73-year-old British man died after the flight ran into bad turbulence over the Andaman Sea. This led to hurling items and passengers and crew members around the cabin.The hospital's public relations officer stated that other local hospitals have been asked to lend their best specialists to assist in the treatments.

ALSO READ: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soarsThis comes on the day the airline announced a record profit of ₹8,172.4 crore, not just the highest for the airline but the highest for any airline in India ever. The airline announced that it is taking the next step in IndiGo’s evolution.

Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans

India’s small businesses last year. Among various costs, staff costs and materials were the costs that caused the most harm to small businesses in 2023, findings by global accounting body CPA Australia revealed in its latest survey. To cover increasing expenses and support business growth, many Indian small businesses sought external funds, the survey noted. “68% sought external funds last year, dropping 20 percentage points from 2022. However, reflecting strong growth expectations, 81% plan to access finance this year,” it stated. The survey, which collected views from 4,222 small businesses in 11 Asia-Pacific markets across Australia, Mainland China, and Malaysia, also included 505 respondents from India.

Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year's sticker shock.

Indian pair of Satwiksairaj Rankireddy and Chirag Shetty received a major boost ahead of the Paris Olympics as they secured the men's doubles title at the Thailand Open Super 500 badminton tournament with a straight-game win over Chen Bo Yang and Liu Yi of China here on Sunday. In the form of their lives, Satwik and Chirag, the world number three pair prevailed 21-15 21-15 over Liu and Chen, ranked 29th, for their ninth BWF world tour title. It was also the second title of the season for the Asian Games champions following their triumph at the French Open Super 750 in March. They had also finished runners-up at Malaysia Super 1000 and India Super 750. "Bangkok has always been special for us, we won our first Super Series title back in 2019 here and also the Thomas cup, so it has been a special place and so happy to be here," Chirag said after the win.