Malaysia Financial News

India's vegetable oil imports rose 33 per cent year-on- year to 18.66 lakh tonne in August due to lower duties and a revival of demand after a fall in domestic rates, according to industry body SEA.

New Delhi: Toy retailer Hamleys, owned by Mukesh Ambani’s Reliance Industries Ltd., has inaugurated its first retail store in Italy with franchisee Giochi Preziosi S.P.A (GP), a prominent player in the European country’s toy manufacturing and distribution industry.. Under the terms of the franchise agreement, GP has secured the exclusive rights to operate Hamleys stores throughout Italy, Reliance Brands Ltd. (RBL), that acquired the British toy retailer in 2019, said in a statement on Thursday Hamleys has made its debut in Italy with a store in Milan at the Corso Vittorio Emanuele II.

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(This Sept.13 story has been corrected to fix the pronoun to 'she' in paragraph 8)

Kozhikode, Kerala, has been diagnosed with Nipah fever, adding to the mounting number of cases. This development comes just a day after four people were proven to be afflicted with the Nipah virus, two of whom tragically died. With this recent case, the total count of Nipah patients receiving treatment in the district now stands at three. The other two individuals are the nine-year-old son and the 25-year-old brother-in-law of Mohammedali (47), the index case, who regrettably succumbed to the virus on August 30.

Kozhikode villages. 3) 58 wards across nine panchayats in Vadakara taluk of Kozhikode district have been declared as containment zones. Essential services and only entry and exit are allowed in these areas.

NEW DELHI : Monin, a French syrups company, is set to expand its production in India with a ₹300 crore investment in a new plant in Telangana. Although the company announced the plant in 2018, its groundbreaking is happening this week, said Olivier Monin, chairman, Georges Monin SA. The investment into Monin India Pvt.

The government of Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production

Fyn on Wednesday said it has formed a strategic partnership with Euler Motors to procure 2,000 fast charging 3-wheeler EVs. The order will fuel the company's plans to expand to new geographies within the domestic market, including Mumbai, Delhi, and Coimbatore. Fyn also said it has secured funding from Malaysian energy group Petronas-backed Gentari for the entire order from Euler. Euler Motors is all set to deliver 2,000 units of its flagship electric three-wheeler HiLoad over the next 18 months, the company said in a statement. Gentari aims to establish a Vehicle-as-a-Service (VaaS) fleet in India, Malaysia and APAC to drive sustainable mobility switch and adoption, and is looking to have a 10 per cent market share of charging points and EVaaS across key markets in APAC, including India, Fyn said.

GREAT Scholarship is given to individuals who want to pursue higher studies in the UK. More than 200 scholarships are awarded every year. A minimum amount of £10,000 is given to candidates chosen. Individuals who come from India, China, Malaysia, Thailand, Indonesia, and Turkey are eligible for this scholarship. The chosen postgraduate program should begin in September. Indians are given the most number of scholarships. The scholarship covers the full tuition fees for one-year postgraduate programs or the tuition fee for the first year of master’s degree programs with a duration of two years.Eligibility

Nipah virus (NiV) which has claimed two lives so far this year, prompting the central government to intensify surveillance on bats, and deploy a five-member health ministry team to support state authorities. Four samples are being tested for the virus at the National Institute of Virology (NIV) in Pune, and genome sequencing is in progress to identify the strain involved. Mint takes a closer look at the outbreak.

By Rishav Chatterjee

Nipah virus management," Union Health Minister Mansukh Mandaviya said. The health department of Kerala suspects two more people of the same family to be infected by the Nipah virus and their samples have been sent for testing. The state government has also established a control room in Kozhikode district.

Nipah virus infection to be behind the two “unnatural deaths” reported from a private hospital in Kozhikode. Chief Minister Pinarayi Vijayan on Tuesday said that the state government is viewing the two “unnatural deaths” reported from Kozhikode very seriously. The chief minister advised people to exercise caution and said there was no reason to worry as those who were in close contact with the deceased were under treatment. The first death took place on August 30 and the second death on Monday. The health department workers have been asked to keep a close vigil in their areas. As a precautionary measure, the Health Ministry has also directed for an isolation facility in Kozhikode Medical College. The samples have been sent to Pune Virology Lab. Earlier in Kerala there was a Nipah virus outbreak in the Kozhikode and Malappuram districts in 2018 and later in 2021, a case of Nipah virus was reported in Kozhikode.

(Reuters) — TikTok has officially rolled out its e-commerce business in the United States after months of testing, according to a blog post on Tuesday, as its Chinese-owner ByteDance looks to capitalize on the popularity of the social media app.

The clean energy arm of Malaysia’s national oil and gas company Petronas intends to use acquisitions, joint ventures and organic growth to build a portfolio of solar, wind and battery storage projects totalling between 5 gigawatts and 8 gigawatts by 2030.

Mint explains. During the rain-fed kharif crop season (June to October) the major oilseed crops grown are soya bean and groundnut. Soya bean, which is the largest kharif oilseed, has been planted in more than 12.5 million hectares—marginally more than last year—but the crop is in a poor state due to a prolonged dry spell in major producing states such as Madhya Pradesh and Maharashtra.

LuLu Group International Yusuff Ali on Monday said his group is going to set up two large shopping malls in India — Ahmedabad and Chennai. Speaking to ANI, Ali said, «We are going to construct one of the largest shopping malls in Ahmedabad and Chennai and we are opening our shopping mall in Hyderabad end of this month. Also we are going to different states for shopping malls and food processing.» Hyderabad will be the sixth city after Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore where the group has its shopping mall presence. Lulu Group, headquartered in Abu Dhabi, UAE, has been known as a trendsetter in the retail industry in the Middle East and North Africa region.

Tony Fernandes said on Monday. Capital A (formerly known as AirAsia Group) sold its Indian airline subsidiary to Tata Group last year. «We are working with the Tata Group and hope to do a lot of work with the conglomerate,» he said on the sidelines of the 21st Forbes Global CEO Conference. Last year, Tata Group-owned Air India signed agreements to acquire a 100 per cent stake in AirAsia India and has commenced the process of merging with Air India Express to form a single Indian low-cost carrier.

Australia and the Philippines have elevated their seven-decade ties to a strategic level to broaden an alliance underpinned by their rejection of China’s increasingly provocative actions in the disputed South China Sea

OctaFX has been listed on Bank Negara Malaysia's (BNM) Financial Consumer Alert List (FCA), alongside an array of other brokers. Grasp the implications this holds for traders.