Malaysia Financial News

TikTok and other social media, are deciding their work lives shouldn’t unfold inside factory walls. Demographic shifts are playing a role. Young people in Asia are having fewer children than their parents did, and at later ages, which means they are under less pressure to earn a steady income in their 20s.

India returned to winning ways with a 5-0 victory over Malaysia in their Asian Champions Trophy match here on Sunday. The city's Karthi Selvam gave India the lead right at the end of the first quarter with his 15-minute field goal off a fine Harmanpreet Singh pass.Hardik Singh doubled the lead for the home team when he scored off a penalty corner in the beginning of the third quarter (32nd minute), putting the Malaysians under tremendous pressure.

China maintained that it took the necessary action to deter Philippine ships which were trespassing and carrying illegal building materials, news agency Reuters reported on Sunday. The report mentions that the incident took place close to the Second Thomas Shoal, which is referred to as Ayungin Shoal by Manila. The area is a submerged reef where a small number of its troops reside on an old US ship from World War Two that was deliberately grounded in 1999.

coast guard of blocking and water-cannoning a Philippine military supply boat in the South China Sea, condemning the «excessive and offensive actions» against its vessels. China's coast guard countered that it had implemented necessary controls in accordance with the law to deter Philippine ships, which it accused of trespassing and carrying illegal building materials.China claims sovereignty over almost the entire South China Sea, an assertion rejected internationally, while Malaysia, Vietnam, Brunei, Taiwan and the Philippines have various claims to certain areas.

Philippine military on Sunday condemned a Chinese coast guard ship's «excessive and offensive» use of a water cannon to block a Filipino supply boat from delivering new troops, food, water and fuel to a Philippine-occupied shoal in the disputed South China Sea. The tense confrontation on Saturday at the Second Thomas Shoal was the latest flare-up in the long-seething territorial conflicts involving China, the Philippines, Vietnam, Malaysia, Taiwan and Brunei.

PTI. The three-time champions were seen struggling to convert a penalty corner against Japan on Friday at the Mayor Radhakrishnan Hockey Stadium in Chennai. Despite India earning as many as 15 penalty corners, it could only convert just one, even though they have a potent force in skipper Harmanpreet Singh, Varun Kumar, Amit Rohidas, and Jugraj Singh.

Ontario Teachers’ Pension Plan Board is considering making a US$100 million investment in Indian e-commerce logistics startup Xpressbees, according to people familiar with the matter.

music festival starting in northern Germany on Wednesday was forced to cap attendance after heavy rains turned its outdoor venue into a muddy quagmire. Organisers of the annual Wacken Open Air (W:O:A) bash, featuring 150 bands on eight stages over four days, said the event would go forward as planned but with only around 60 percent of the 85,000 ticket-holders after imposing an entry freeze. In messages to «dear metalheads» on social media, the promoters said they regretted having to cap the total audience at the around 50,000 fans who were already present, calling the situation «very sad». «We tried everything but unfortunately we are unable to allow anyone else onto the Holy Ground,» they said, referring to the sprawling rural venue. «There is no other way,» they added, calling it the «first time we've taken this decision in the history of the W:O:A.»

India's edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. They would also strengthen soyoil futures and could reduce inventories in sunflower oil-producing Black Sea countries.

General Motors is recalling nearly 900 vehicles in the U.S. and Canada with Takata air bag inflators that could explode and hurl shrapnel in a crash

tourism ministry data. However, this was 18% lower than the pre-pandemic average of over 25 million seen between 2017 and 2019. But the pace is growing: in the first four months of 2023, nearly 8.5 million have travelled abroad, already touching two-fifths of the full-year figure of 2022.

Vedaant Madhavan, who has won many medals for India, is now taking the next step towards adulthood as he gets enrolled for driving lessons. But, this phase of adulting isn't the usual one. It involves driving a classy set of wheels — the Porsche.

Zhanna Samsonova has reportedly died of self-imposed starvation, after years of living on a ‘raw’ diet consisting mostly of an exotic Malaysian fruit. The 39-year-old Russian influencer, who is known as Zhanna D’Art to her legion of fans on Instagram, TikTok, and Facebook, used to often post on healthy living and sticking to ‘raw’/uncooked meals. However, this ultimately led to her untimely death.

Decentralized exchange LeetSwap, which operates on Coinbase’S Base network has announced a sudden pause to trading, citing concerns of a potential exploit.

Lynas has hadits US government funding more than doubled as the Biden administration accelerates its mission to secure supplies of rare earths.

NEW DELHI : NXP Semiconductors, founded as a division of Royal Philips NV, is open to setting up a fabrication unit in India, subject to the development of a suitable ecosystem in the country, said Hitesh Garg, vice-president and India country manager. “If there is an ecosystem developed here, we will support the ecosystem. We will make sure that we are doing the manufacturing of our chips which are possible to be done here in India," Garg said, reiterating views expressed by NXP chief executive officer Kurt Sievers, who was in India earlier this year and met Prime Minister Narendra Modi.

sun bears might be humans dressed in bear costumes, after a video of a bear standing on its hind legs sparked speculation online. The zookeepers released a statement from the perspective of Angela, a Malaysian sun bear, emphasizing that not all bears are large and menacing, and that sun bears are actually petite, being the smallest bear species in the world, according to reports. The video led to suggestions that the bear might be a person in a bear costume due to its slender legs and fur folds resembling a human. However, the zoo spokesperson refuted these claims, asserting that the bear in the video is real and that there is no deception happening at the state-run facility. He pointed out that a human wearing a bear suit in the scorching 40°C (104°F) summer temperature would not be able to last more than a few minutes before collapsing. To dispel further doubts, the zoo is arranging visits for reporters to witness the bears firsthand. Sun bears are relatively small, comparable in size to large dogs, standing at a maximum of 1.3 meters (50 inches) tall on their hind legs, unlike larger bear species such as grizzlies, which can reach up to 2.8 meters in height.

Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public.

Lynas Rare Earths will withhold a portion of supply from the market in response to a plunge in prices for the key ingredient in wind turbines, electronics and military applications.

KFin Technologies Limited reported its financial results for the quarter ended June 30, 2023, with positive growth in various key metrics. The company's revenue from operations reached ₹1,815.0 million, showing a YoY increase of 7.6%. The EBITDA stood at ₹704.3 million, marking a 12.8% YoY growth, and the EBITDA margin for Q1FY24 improved to 38.8% from 37.0% in Q1FY23.

Thailand on Saturday, officials said. The firecrackers exploded and set off a fire at the unauthorised warehouse at the Muno market in Su-ngai Kolok district in the southern province of Narathiwat bordering Malaysia, Narathiwat's governor Sanan Phongaksorn told Reuters.