Malaysia Financial News

During his visit, the defence minister called on Malaysian Prime Minister YB Dato' Seri Anwar bin Ibrahim. He also met Minister of Foreign Affairs Zambry Abd Kadir during which they exchanged views on matters of bilateral importance and cooperation in international fora.

New Delhi: Engineering behemoth Larsen & Toubro (L&T) has signed a teaming agreement with Spanish building company Navantia for the P75 (India) submarine programme to deliver six submarines. Valued at over 4.8 billion euros, the P75 (India) submarine programme is the country's largest defence acquisition.

New Delhi: Defence minister Rajnath Singh on Monday met Malaysia's prime minister Anwar Ibrahim and other top leadership to discuss a wide range of issues to bolster bilateral defence and strategic ties. Singh arrived in Kuala Lumpur on a three-day visit to Malaysia on 9 July. The defence minister and his Malaysian counterpart Mohamad Hasan discussed initiatives to further expand bilateral defence ties, with particular focus on identifying ways to strengthen industrial cooperation.

Navantia for submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine programme. P75 (India) Submarine Project is expected to be valued at €4.8 billion (over Rs 43,500 crore) and is India‘s largest defence acquisition project.Project 75 (I) requires the Indian bidder to tie up with a Foreign Collaborator (FC) and execute the program for delivery of six conventional submarines equipped with Air-Independent Propulsion (AIP), while achieving targeted Indigenous Content.

Defence Minister Rajnath Singh called on Prime Minister of Malaysia Anwar Ibrahim and held talks with his Malaysian counterpart Mohamad Hasan here on Monday and discussed ways to further deepen bilateral defence ties. Singh arrived in Kuala Lumpur on Sunday on a three-day visit aimed at further boosting bilateral defence and strategic ties. «Called on the Prime Minister of Malaysia, Mr @anwaribrahim in Kuala Lumpur.

By Philip Pullella

Rajnath Singh is all set to start his three-day official visit to Malaysia on Sunday, to deepen the defence cooperation between the two countries. Taking to Twitter, the Defence Minister said, «Today, 9th July, I shall be reaching Kuala Lumpur, Malaysia, on a three-day official visit.» «Looking forward to hold bilateral talks with my counterpart, Mr Dato' Seri Mohamad Hasan, and deepening the defence cooperation between the two countries,» he added. Rajnath Singh and Dato' Seri Mohamad Hasan will exchange views on regional and global issues of shared interest.

Defence Minister Rajnath Singh will undertake a two-day visit to Malaysia beginning Monday to explore ways to further consolidate the bilateral defence and strategic partnership. Besides holding wide-ranging talks with his Malaysian counterpart Dato' Seri Mohamad Hasan, Singh will call on Prime Minister YB Dato' Seri Anwar bin Ibrahim during the visit, the defence ministry said on Saturday.

New Delhi: Disney+ Hotstar, the video streaming platform owned by the Walt Disney Co, has announced that its new show, The Trial starring Kajol, will stream on 14 July. Over-the-top streaming platforms are increasingly relying on the innate urge of Bollywood A-listers to find an audience and reach out to the masses, to expand their subscriber base, said media experts.

Ming Tee Lee, the Malaysian billionaire behind the conglomerate which owns the InterContinental Hotels in Sydney and Hayman Island, has emerged as the key player behind the Chinese baby formula distributor in the midst of an attempt to role the board of Bubs Australia.

Hong Kong-born American singer, songwriter, record producer, dancer, and actress, passed away at the age of 48. She died by suicide. Her untimely passing left a void in the music industry and among her fans worldwide. Coco Lee will be remembered for her incredible talent, captivating performances, and pioneering spirit. Coco left an indelible mark on the music industry with her powerful voice, versatile talent, and trailblazing career. Born on January 17, 1975, Coco Lee's journey began in Hong Kong and eventually expanded to Taiwan and the international stage. With 18 studio albums, two live albums, and five compilation albums, including her first English-language release, «Just No Other Way,» Lee captivated audiences around the world.

Barbie," directed by Greta Gerwig. Vietnam recently announced its decision to bar the film's commercial release due to a disputed depiction of China's territorial claims in the South China Sea, known as the «nine-dash line.» The Philippines, along with Vietnam, Brunei and Malaysia, has its own territorial claims in the South China Sea and strongly rejects China's assertion of sovereignty over the entire region. Senator Francis Tolentino, vice chairman of the Senate foreign relations committee, stated that if the invalidated nine-dash line was indeed portrayed in the movie, it would denigrate Philippine sovereignty.

Also Read: Decoding the dilemma behind escalating cooking oil imports But lower imports in May and the price correction encouraged Indian buyers to increase purchases in June, Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consultancy firm told Reuters. Price-sensitive Asian buyers typically rely on palm oil because of the low cost and quick shipping times.

State media have reported that Vietnam has banned distribution of the popular «Barbie» movie because it includes a view of a map showing disputed Chinese territorial claims in the South China Sea

palm oil imports jumped 49% from the previous month to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, six dealers told Reuters. A rebound in buying by the world's biggest vegetable oil importer would support Malaysian palm oil futures and help top producers Indonesia and Malaysia to trim inventories. Palm oil imports by India rose to 655,000 metric tons in June, up from 439,173 metric tons in May, according to average estimates from the dealers.

By Anant Chandak

Vietnam has banned Warner Bros’s Barbie film from domestic distribution over a scene featuring a map that shows China’s unilaterally claimed territory in the South China Sea, reported Bloomberg Monday citing reports in VnExpress. The movie contains an ‘illegal image’ of disputed ‘nine-dash line’ used on Chinese maps to illustrate its claims over vast areas of the South China Sea, which Vietnam considers its continental shelf, the report says citing Vi Kien Thanh, head of the Ministry of Culture, Sports and Tourism’s cinema department.

Manufacturing across most of Asia deteriorated further in June as a weak Chinese economy sapped demand for the region’s goods. Factory activity remained stuck in contraction in neighbouring economies South Korea, Japan and Taiwan, according to manufacturing purchasing managers’ indexes published Monday by S&P Global and au Jibun Bank. Much of Asia’s manufacturing sector had pinned its hopes on a strong Chinese post-pandemic rebound, only to see weaker-than-expected trade with the world’s second largest economy.

Shortly after President Vladimir Putin’s invasion of Ukraine early last year, hundreds of aging tankers were snapped up by a cohort of faceless traders, intermediaries and investors to keep Russian oil flowing. By some estimates, the purchases, which added to vessels that were already transporting crude for Venezuela and Iran, created a more than 900-strong dark fleet. Now, the average age of the ships being purchased is declining, according to data from VesselsValue Ltd., a researcher of shipping deals.

Malaysia's sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio for greater resilience against market volatility, according to its managing director.

The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year.