Malaysia Financial News

(Corrects spelling of 'conservative' in paragraph 8)

Malaysia’s newest crypto fund management firm, Halogen Capital, has been launched by the entrepreneurs behind the local fintech player Jirnexu.

To assess India's growth potential, we undertook a growth-accounting exercise. Created by Nobel-winning economist Robert Solow in 1957, it breaks down GDP growth into contributions from its basic drivers — labour (workforce adjusted for their skills), physical capital (machines and infrastructure) and productivity. A business-as-usual approach, in which these drivers evolve in line with recent trends, may not make for an exciting future.

Yeoh, the renowned Everything Everywhere All at Once star, finally exchanged vows with her long-time partner, ex-Ferrari CEO Jean Todt. The couple's 19-year engagement culminated in a beautiful wedding ceremony held in Geneva, Switzerland, on July 26th.

Kuala Lumpur, Malaysia & Gurgaon, Haryana, India – Business Wire India ​The latest research by Kincentric, a Spencer Stuart company focused on improving leadership impact by unlocking the power of people and teams, identifies a number of compelling business outcomes that can be achieved when organizations deliver a consistent and cohesive employee experience (EX) across the organization. The Global Employee Experience Trends 2023 Report reveals that employee engagement has plateaued over the last five years, and CEOs and CHROs must now shift their approach to EX if they want to accelerate business outcomes through their people.The study, backed by extensive data from over nine million respondents across 2500 organizations, 162 countries and 62 industries, emphasizes the need for leaders to act on employee experience more holistically, with consistency of experience emerging as a key factor in driving business impact.

New Delhi: The 10th meeting of the sub-committee on military cooperation between India and Malaysia was held here on 27 July, the ministry of defence said in a statement. The Indian delegation was led by Amitabh Prasad, joint secretary (International Cooperation), Ministry of Defence, while the Malaysian side was headed by Maj Gen Dato‘ Khairul Anuar bin Abd Aziz, assistant chief of staff, Defence Operations and Training Division.

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Dollar weakness looks to have room to run after the Federal Reserve said further interest rate hikes would be data dependent, bolstering traders’ confidence that the US tightening cycle is near an end. 

Investing.com — Most Asian currencies rose on Thursday, benefiting from weakness in the dollar after the Federal Reserve hiked interest rates as expected, but also downplayed expectations for a U.S. recession this year.

Elon Musk, is eyeing new opportunities in Asia with its cutting-edge ‘new-gen platform’, which seeks to introduce more budget-friendly compact and sub-compact electric vehicles (EV) that have the potential to drive large volumes across developing Southeast Asian markets. According to Tesla’s Q2 investor deck, it is working on developing its next-generation EV platform across multiple locations. Industry insiders said the new product, which is projected to be priced around $25,000, may debut by 2023-end, although some analysts expect a 2025 launch.

renewable energy portfolio comprising of solar, wind and energy storage projects. This comes in the backdrop of ReNew lining an ambitious ₹35,000 crore capital expenditure plan. Mint reported about the proposed partnership on 8 August last year for setting up green energy projects in India in JV mode.

Matty Healy's recent protest during a concert in Malaysia has sparked significant responses from LGBT activists and allies in the nation. Critics have labeled the act as «performative activism», expressing concerns that it could exacerbate the difficulties faced by the LGBT community in Malaysia. Homosexuality remains criminalized in the country, with potential penalties of up to 20 years in prison. During the music festival in Kuala Lumpur last Friday, the lead singer of the indie-rock band «The 1975», Matty Healy, took the stage and launched into a profanity-laden tirade against Malaysia's anti-LGBT laws. In an act of protest, he also kissed his male bandmate. Throughout the performance, Healy appeared to be under the influence of alcohol and reportedly vandalized a drone owned by the concert organizers. Attendees even claimed that he spat on some fans. His defiant behavior continued as he swaggered across the stage and insulted the Malaysian government. The band's set was eventually shut down shortly after the incident. However well-intentioned, locals argue that his actions have disrupted an already delicate political environment for LGBT Malaysians, leading to further harm and damage. «The 1975» cancelled a concert in Indonesia Sunday, after Malaysia axed a festival over a same-sex kiss and tirade against the country's anti-LGBTQ laws by their frontman. Indonesia's LGBTQ laws are less strict than those in neighbouring countries such as Malaysia, where homosexuality is a crime. But several events have been cancelled in recent years.

Aditi Tripathi, a 10-year-old girl of Indian origin residing in London, has achieved what many can only dream of—visiting 50 countries before reaching double digits in age. Aditi's impressive adventure began at an early age, courtesy of her accountant parents, Deepak and Avilasha Tripathi, who were determined to provide their daughter with an unparalleled global experience. While many parents might worry about the impact on education, Aditi's parents masterfully balanced both worlds.

COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.

PV Sindhu will be aiming to regain her form while the red-hot men's doubles duo of Satwiksairaj Rankireddy will aim to carry forward their momentum after the Korea Open as the Indian contingent looks forward to the Japan Open, set to take place from July 25 to July 30. Satwiksairaj and Chirag, currently ranked at number three in Badminton World Federation Rankings (BWF), clinched the Korean Open title on Saturday after overcoming a challenge from top-ranked Indonesian pair of Fajar Alfian and Muhammad Rian Ardianto in the final. As per Olympics.com, this was Satwik-Chirag's third BWF title win this year after the Swiss Open and Indonesia Open.

This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.

Barbenheimer' craze is taking over India. With 'Oppenheimer' and 'Barbie' hitting the screen nationwide last week on July 21 (Friday), the clash of the titans at the box-office has been an epic one.

The 1975, a British pop-rock band, has canceled upcoming shows in Indonesia and Taiwan after their set was cut short at a music festival in Malaysia. The decision came following frontman Matty Healy's comments on Malaysia's anti-gay laws and an on-stage kiss with a bandmate. The band had eagerly looked forward to performing for fans at Jakarta’s We the Fest on Sunday (July 23) and at the Taipei Music Center on Tuesday (July 25) as part of their Asia tour 2023. However, due to the current circumstances, they had no choice but to call off the scheduled performances. In a statement posted on We the Fest’s Twitter page, The 1975 wrote, “The 1975 regret to announce that their forthcoming shows in Jakarta and Taipei will no longer be going ahead as planned. The band never takes the decision to cancel a show lightly and had been eagerly looking forward to playing for fans in Jakarta and Taipei but unfortunately, due to current circumstances, it is impossible to proceed with the scheduled shows.” The controversy arose when Matty Healy openly criticized Malaysia's LGBTQ laws during the Good Vibes Festival in Kuala Lumpur on July 21. He also engaged in a kiss with bassist Ross MacDonald on stage. The festival's organizer, Future Sounds Asia, responded by canceling the remaining days of the festival.

ASX-listed Dexus is ploughing ahead with its asset-diversification strategy, securing fresh funds for its $1.8 billion unlisted healthcare property fund.

By Rozanna Latiff

India became the first country to make CSR mandatory, and today, more than 80% companies in India have CSR programmes. This is more than what is reported from Malaysia, Japan, South Korea, Thailand, Singapore and the Philippines, even though they are more prosperous than India. Yet, India's CSR programmes are underestimated at the global level.