Malaysia Financial News

MotoGP descends to Greater Noida for the inaugural Indian Grand Prix. The world’s fastest and most high-profile motorcycle racing championship will stage the 13th round of its 2023 edition in India, just a year after plans for MotoGP Bharat were first announced. The addition of India to the calendar is part of MotoGP’s expansion plans into Asia’s major two-wheeler markets.

MotoGP Bharat 2023: When and where to watch MotoGP in India, ticket details and more The Grand Prix of India features 82 riders from 41 teams vying for top honours in MotoGP, Moto 2 and Moto 3 over the course of three days. A MotoGP statement informing about the shortening of laps said, “The inaugural IndianOil Grand Prix of India is now well underway and has already set the scene for some incredible competition this weekend, with just 0.008s deciding the fastest rider on Friday." “Now, after gaining a first full day of experience in the hot and humid conditions – both of which are forecast to continue – riders have asked for race distances to be adjusted." the statement “Following their feedback and that of official tyre suppliers, one lap will therefore be taken off the Tissot Sprint, Moto2™ and Moto3™ races, and the MotoGP™ Grand Prix race will be shortened by three laps." MotoGP further noted.

race has been shortened by three laps after MotoGP riders asked for race distances to be adjusted due to hot and humid conditions during practice sessions, organisers said on Saturday. Sunday's race will now feature 21 laps instead of the planned 24, while the sprint race scheduled for later on Saturday has also been cut short by one lap and will take place over 11 laps at the Buddh International Circuit. After Friday's two practice sessions, reigning champion Francesco Bagnaia said the conditions were «very demanding». «I've never felt heat like this,» he told MotoGP's website. «I thought Malaysia and Thailand were hot but here you feel like you're burning in some parts of the track.» The qualifying session will be held later on Saturday.

Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to $1.75 billion

Semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming more significant over time for Intel, the company’s chief executive officer Pat Gelsinger said. “With our footprints in Malaysia and the vast supply chains in China and Taiwan, and areas like Vietnam, Indonesia, and India are now becoming more significant. As these projects start coming online with their manufacturing capabilities, we will have a robust Americas supply chain, and robust supply chain in Europe and Asia,” Gelsinger said, responding to a question from ET.

agricultural products (Brazil), fuel (Gulf nations, Malaysia), minerals and ores (Chile, Peru, Australia), electronics and chips (South Korea, Japan) and machinery (Germany) to China. Of these, the risk is higher for economies where exports contribute significantly to GDP, because they face sharp growth downgrades if a slowing China cuts back on imports. This means that the US, which exports four times more to China in dollar terms than, say, Chile, is less directly impacted because the US economy is led by domestic consumption rather than exports.

Singapore’s Changi Airport without a passport, as part of changes to the city-state’s immigration law that allows for end-to-end biometric clearance. From the first half of 2024, biometrics will be used for authentication at various automated steps in the departure process, from bag-drop to immigration and boarding, communications minister Josephine Teo said in parliament Monday. “This will reduce the need for passengers to repeatedly present their travel documents at these touchpoints, allowing for more seamless and convenient processing,” Teo said. The changes come as the number of travelers to the financial hub is expected to rebound to pre-pandemic levels by next year, and continue to increase thereafter. Singapore is currently building its fifth airport terminal, while its high-speed rail linkage with Malaysia’s southern state of Johor is expected to be ready in a few years. “Our immigration systems must be able to manage this high and growing volume of travelers efficiently and provide a positive clearance experience, while ensuring our security,” Teo said. Ranked the best airport in the world, Changi handled 5.12 million passengers in June, crossing the five million mark for the first time since January 2020 when the pandemic hit.

(Reuters) — Chinese electric vehicle frontrunner BYD (SZ:002594) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates.

Nipah virus were reported in Kerala as 61 samples of ‘high-risk’ contacts including healthcare workers tested negative, state health minister Veena George said on Monday. She also said that 1,233 people are on the contact list now. Nipah strain found in Kerala has been identified as the Indian Genotype, or I Genotype, which is similar to the strain found in Bangladesh, added George.

Nepah Virus strain behind the high risk of outbreak in Kerala finds its root from Bangladesh and Malaysia. The state is among nine Indian states where there his high probability of Niph occurrence, Kerala Health Minister Veena George told ANI on Monday.

NEW DELHI : Three large bidders have entered the last lap for acquiring solar projects totalling 350 megawatts (MW) from O2 Power, promoted by Singapore’s Temasek and European alternative asset manager EQT, two people close to the development said. These include Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd; Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd; and private equity firm Actis Llp, the people said on condition of anonymity. The transaction, having an equity and enterprise value of $50 million and $200 million, respectively, is being managed by EY, with these three bidders shortlisted from around a dozen non-binding offers (NBOs) that were submitted.

Nipah virus has reared its ugly head in India yet again. Yesterday, about six individuals in Kerala tested positive for the virus. According to a WHO report, while not as contagious as the Covid-19, the Nipah virus (named after a village in Malaysia where the first outbreak occurred in the late ‘90s), is far more deadly, with a fatality rate of 30-70 per cent!

Chinese betting app scam, Gujarat police are now chasing a Malaysian individual known as 'Big Boss' in another scam that is said to be worth Rs 33 crore. As per a report in The Times of India, cops are hunting for the Malaysian 'Big Boss, whose real name is Tan Chee Keat, or Kenny, along with four compatriots. The scam surfaced after it was found that a substantial sum amounting to Rs 33 crore had traversed from numerous bank accounts in two districts of Saurashtra to Kuala Lumpur. Cops are currently investigating to ascertain the number of people who were enticed by the accused with promises of substantial returns on bets placed through these fraudulent apps. On August 12, the Gujarat Anti-Terrorist Squad (ATS) received information that an NRI (non-resident Indian) residing in Malaysia, Rohit Vadher, along with a Malaysian national, Chua Ming Ho, alias Robin, and a resident of Sutrapada in Gir Somnath, Mahek Chhag, were engaged in cheating individuals through betting and gambling apps while also allegedly establishing counterfeit bank accounts. Utilising informers and technical surveillance, the ATS successfully identified Chagg and eight individuals from Veraval and Rajkot who were collaborating with Vadher and the five Malaysians in their illicit activities.

iPhone 15 series began in multiple countries on September 15. Interestingly, in less than one hour from the start of pre-orders, the iPhone 15 Pro Max had completely sold out, and most color and configuration options now show a 2-3 week waiting period. The report from the publication also noted that if customers are unable to purchase the larger iPhone during the pre-sale event, their options would be to try their luck next Friday when general sales commence, or alternatively, they may need to wait until at least October to acquire this device.

Nipah virus has been reported in Kerala, triggering a panic in the southern state of India. Nipah virus is caused by fruit bats and is potentially fatal to humans as well as animals. Along with respiratory illness, it is also known to cause fever, muscular pain, headache, fever, dizziness, and nausea.

Flying rights are allocated on a bilateral reciprocal basis by the government to airlines of their country. Airlines cannot operate more flights than they are allotted.

Authorities in southern India scaled up efforts to contain an outbreak of Nipah virus after two people died of the disease, which originates in animals and can in severe cases cause respiratory illness and fatal brain swelling. The second person died early this week, a Kerala health official said on Friday, while four more, including a child, have tested positive and remain under treatment. Earlier, one person died of the virus, on Aug.

Chinese farmer Wei Fuyou clearly remembers the moment four years ago when he first watched a video clip showing that durian, a pungent fruit with a smell reminiscent of gym socks, could be grown on the tropical island of Hainan, where he lives. “That means I can grow them, too!" he recalls yelping. Wei promptly cut down some of his betel nut palms and planted 400 durian trees in their place.

Also read: Nipah virus top 10 updates: From closed schools, colleges to tests, antibody launch; here's how Kerala is prepared The containment zones were created after two deaths related to the Nipah virus reported this year. The containment zones have been created within a five-kilometre radius of the homes in Kozhikode district. Shops selling essential items and medical shops can operate from 7 am to 5 pm.

parboiled rice exports crippled activity in India this week, while Vietnamese and Thai export rates eased further from recent highs. India's 5% broken parboiled rice prices remained at $525-$535 per metric ton, still near a record $520-$540 hit on Aug. 31. «Trade is paralyzed… It could restart after duty (on parboiled rice) becomes nil post Oct.

Gold has beaten equities in local currency returns across emerging markets, excluding India, in the past 23 years. According to data compiled by DSP Mutual Fund, the yellow metal’s returns in most emerging market currencies have been 0.4% to 7.9% higher on a compounded basis than their stocks. The exception has been India, with equity returns exceeding that of gold by 0.7% emerging markets tend to have chronic economic, political, or governance issues, resulting in currencies depreciating and adding to gold returns, said Sahil Kapoor, head- products and market strategist at DSP Mutual Fund. Gold returns from local currencies in Turkey, Malaysia, Taiwan, and South Korea have yielded the highest returns over local equities.