Malaysia Financial News

China hinges on the conventional deployment of troops, which will serve as a necessary condition for shaping the future relationship with Beijing. “My first duty to Indians is to secure the border. I can never compromise on that," Jaishankar said while responding to a question on the current state of India's relations with China during his interaction with the Indian diaspora here in the Malaysian capital, as reported by PTI.

Hamas militants launched an attack in southern Israel, killing and abducting scores of its citizens. It has since then escalated into a full-fledged war in Gaza. Israel said it would continue the offensive until all hostages are released and Hamas is destroyed.

first hauled to court two months ago on two graft charges, 24 charges of receiving gifts as a public servant and one of obstructing justice. Iswaran, 61, pleaded not guilty to obtaining 10 bottles of whisky, 12 bottles of wine and other items from November 2021 to November 2022 from Lum Kok Seng. The items were worth a total of nearly 19,000 Singapore dollars ($14,000).

Singapore’s first ministerial corruption case has expanded with more charges being filed against a former transport minister

External Affairs Minister S. Jaishankar emphasized the enduringly positive relationship between India and Russia, highlighting that both nations have consistently prioritized each other's interests. “I will ask myself...Has Russia helped us or harmed us?...

Malaysia has declined the opportunity to host the 2026 Commonwealth Games due to financial concerns, as confirmed by the Ministry of Youth and Sports. This decision comes after the withdrawal of Victoria, Australia, last year. The Ministry stated, 'The government has decided not to accept the offer from the Commonwealth Games Federation.' The 2026 event will not be held in Malaysia, citing cost reasons. Earlier yesterday, Malaysia's sports minister Hannah Yeoh had expressed hesitation regarding the country's potential hosting of the 2026 Commonwealth Games, highlighting financial considerations. The uncertainty arose after the original host, the Australian state of Victoria, withdrew last year, citing escalating costs. This withdrawal cast doubt on the fate of the quadrennial event, which primarily involves former British colonies, prompting discussions on its benefits and relevance.

By David Shepardson

By Rozanna Latiff and Danial Azhar

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

Tokenize Xchange, a crypto exchange founded in 2017, has successfully raised $11.5 million in a latest funding round for expansion in Singapore.

graphite. Graphjet Technology said it can turn palm kernels into graphite — an essential component in EV battery anodes — from its facility in Malaysia, one of the world’s top producers of palm oil. The company, which started trading on Nasdaq Friday, expects to begin producing the ingredient in the second quarter, targeting an annual capacity of 3,000 tons, according to Chief Executive Officer Aiden Lee. Synthetic graphite, which accounts for most of global production, is typically made from petroleum coke, in an expensive and carbon-intensive process. Graphjet says its process cuts the carbon footprint by 83% while reducing costs by 80%.

BB: They're winning by a mile, and then some. GG: Who? The Democrats? The Republicans?

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia’s equities markets after a much-touted SPAC listing in the U.S. later this year. Options for fundraising include revisiting plans for an initial public offering of aviation assets in the Philippines, doing a share placement in Indonesia, and eventually listing a host of nonaviation units, Fernandes said in an interview.

NEW DELHI : India’s tourism sector is yet to recover from the pandemic years, with international travellers who bring in higher tourism dollars preferring other countries in the Asia-Pacific region over domestic destinations. Despite a resurgence of global travel last year, India welcomed only about 7.24 million international travellers in 2023, according to the ‘India State Ranking Survey’ by hospitality consultancy Hotelivate and The World Travel & Tourism Council (WTTC). Prior to the pandemic, in FY20, India received about 10.93 million international travellers, as per India’s tourism ministry. Of them, about 6.98 million were non-resident Indians visiting family and friends back home.

Ramadan moon sighting 2024: Muslim population in Saudi Arabia sighted the crescent moon on Sunday and began their Ramadan 2024 fasting on Monday, March 11. Usually, the Ramadan moon is sighted in parts of Asia and Australia a day after the crescent moon sighting in Saudi Arabia and the UAE. Ramadan 2024 is the ninth month of the Islamic calendar and is considered as the holiest month for the people of the Muslim faith.

New Delhi: Sekura Energy, an energy sector-focused platform of Edelweiss Infrastructure Yield Plus Fund, is the front-runner to buy solar projects totalling 350 megawatts (MW) from O2 Power, two people aware of the development said. The deal is likely to have an equity and enterprise value of $50 million and $200 million, respectively, the people said. The sale process is being run by EY.

French Open badminton crown for the second time with a dominating straight game win over Chinese Taipei's Lee Jhe-Huei and Yang Po-Hsuan in the men's doubles final here on Sunday. The world No. 1 Indian pair had finished runners-up in the French Open in 2019 before winning the title in 2022. On Sunday, the Asian Games champions outwitted Lee and Yang 21-11 21-17 in 37 minutes to regain the Super 750 tournament title and also win their first crown of the season after reaching the summit clash for the third time in 2023. The Indian duo had finished second best at Malaysia Super 1000, India Super 750 this year, while signing off as runners-up at China Masters Super 750 as well last year.

KUALA LUMPUR (Reuters) — Malaysia is expecting Australian companies to invest up to 24.5 billion ringgit ($5.17 billion) in the country, state news agency Bernama reported on Wednesday, citing Prime Minister Anwar Ibrahim.

Malaysia’s prime minister has spoken up in defense of his administration's ties with China and complained over alleged pressure by the United States and its allies on regional nations to take sides in the West’s strategic rivalries with Beijing

palm oil prices relative to other edible oils in the near term, according to veteran trader Dorab Mistry. Production in top grower Indonesia may fall by at least a million tons in 2024, while Malaysian output could remain flat, said Mistry, a director at Godrej International Ltd. The trend is likely to last at least five years, as the industry contends with aging trees, erratic weather and little improvement in farming practices, he said in an interview. “I think you have to be reasonably bullish on all oils, but particularly palm,” due to output constraints, he said on the sidelines of the Palm & Lauric Oils Price Outlook Conference in Kuala Lumpur. While production of other oilseeds is set to climb this year, “palm is unfortunately the laggard,” he said.