Malaysia Financial News

China will hold a joint military exercise with five south east Asian countries in mid-to-late November, state media outlet Xinhua reported on Sunday. The exercise, to be held in China's southern Guangdong province, will include Cambodian, Lao, Malaysian, Thai and Vietnamese forces. The drills will be focused on counter terrorism and maritime safety, Xinhua said.

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus.

According to Counterpoint Research, Tecno, Infinix and Apple emerged as the fastest-growing brands during the quarter.

Ramsay Health Care and Malaysian conglomerate Sime Darby have agreed to sell their hospital unit to Columbia Asia Healthcare for 5.7 billion ringgit ($1.9 billion), according to a stock exchange filing.

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of no more interest rate hikes.

Indian solar panel manufacturers are grappling with the influx of cheaper Chinese imports funnelled through intermediary countries such as Vietnam, Malaysia, and Singapore as Chinese companies exploit Free Trade Agreement (FTA) loopholes to export to India. Despite New Delhi's imposition of a 40% customs duty on solar modules and 25% on solar cells in April 2022 to boost domestic production and reduce Chinese imports, companies in China are finding ways to bypass these high tariffs and continue supplies to Indian solar farm developers. The Chinese companies have effectively utilised this strategy in the past to evade local tariffs, as demonstrated by a year-long investigation in August 2023 by US federal authorities, which revealed that five Chinese solar panel firms had circumvented tariff regulations by channelling their operations through countries such as Cambodia, Malaysia, Thailand, and Vietnam. Following the imposition of tariffs, direct Chinese exports to India have declined, but from April to August 2023, imports of solar panel modules from Vietnam and Malaysia have surged, accounting for 60% of all such imports into India, with majority of these products originating from Chinese companies. Indian manufacturers say the imports are hurting domestic industry as the Chinese firms are resorting to dumping their products by misusing the FTA route.

India and Malaysia are firming up a framework for conducting trade in national currencies and initiating a process to review the 12-year-old comprehensive economic cooperation agreement to include new domains and items, Malaysian Foreign Minister Zambry Abdul Kadir said. At the end of a three-day visit to India, Kadir told PTI that both sides are keen to expand trade engagement in new and emerging areas such as electronics, semiconductors, fintech, renewable energy, new technology and startups.

₹665 crore) from Teachers’ Venture Growth (TVG), the late-stage investment arm of the Ontario Teachers’ Pension Plan (OTPP). The firm said it would use the fresh capital to drive growth and support its management team's ambitions. “We believe the logistics sector is at the cusp of technological disruption and this is the right time to expand service offerings to address the growing needs of businesses and consumers," said Amitava Saha, founder and chief executive officer at Xpressbees.

Investing.com-- Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone.

Denso Wave Inc. engineer who invented the two-dimensional barcode known as quick response, or QR, had never imagined that his system of labelling automotive parts would one day become a crucial pillar of monetary exchange.

Investing.com-- Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates.

Najib Razak has been discharged from hospital and returned to prison after testing negative for COVID-19, a spokesperson said in a statement on Sunday. Najib, 70, is serving a 12-year prison sentence after being found guilty of graft and money laundering in a case related to a multibillion-dollar corruption scandal.

Tanishq, a jewellery brand from the Tata Group, plans to have 50 boutiques globally over the long term, said Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique here on Saturday. Currently, Titan has 13 boutiques in the international market and is constantly scouting for new sites to serve some 32 million global Indian diasporas, he said.

honey manufacturer Tieng Thu Cam Company Ltd is eyeing Indian market for export of honey and actively looking for local distributors. Tieng Thu Cam, which has put up a stall at the ongoing three-day World Food India here, is already exporting honey to Cambodia, Malaysia, Laos and Middle East. «We want to export to India.

Taiwan’s Criminal Bureau’s Electronic Investigation Team busted a major crypto money laundering operation, involving $320 million worth of USDT.

AM Green, a hydrogen and ammonia producer owned by the founders of Indian renewable company Greenko Energy Holdings, is planning to raise around $1 billion to fund its growing business, according to people familiar with the matter. The firm is working with an adviser on the fundraising to bolster its ability to produce green hydrogen and other chemical compounds, the people said, asking not to be identified as the information is private. AM Green aims to build a million tonnes a year of green methanol capacity, one of the people said. Singapore sovereign wealth fund GIC Pte and the renewable energy arm of Malaysian state oil giant Petronas Nasional Bhd.

Nirmala Sitharaman will be on a three-day official visit to Sri Lanka beginning Wednesday to address 'NAAM 200' and India Sri Lanka Business Summit, among others. During her visit, she will give the keynote address as the Guest of Honour at the 'NAAM 200' organised by the Government of Sri Lanka to commemorate the 200th anniversary of arrival of India-origin Tamils (IOTs) to the island nation on November 2 in Colombo, the finance ministry said in a statement on Tuesday.

Thailand has announced the temporary removal of visa requirements for travellers from India and Taiwan starting next month and continuing until May 2024. As reported by Reuters, this decision follows a previous move in September to eliminate visa requirements for Chinese tourists, who were a significant source of visitors before the pandemic, accounting for 11 million out of the record 39 million arrivals in 2019. "Arrivals from India and Taiwan can enter Thailand for 30 days," spokesperson Chai Wacharonke said.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Lenders are backing Australia’s retirement living sector.

When you move from a small town to a big city, your income generally shoots up. And so do your expenses! The scenario undergoes a sea change when you travel across the ocean. Not only one has to adjust to a new lifestyle and way of life, but also the changes relating to a new currency, its impact on purchasing power parity and much more.