Malaysia Financial News

Delhi High Court on Wednesday stayed trial court proceedings against former Union minister P Chidambaram in a money laundering case connected to the Aircel-Maxis deal. Issuing notice to the Enforcement Directorate (ED) on Chidambaram's plea, the court ordered that the proceedings against Chidambaram shall remain till the next date of hearing. Chidambaram petitioned the HC challenging the trial court order taking cognisance of the complaint moved by the ED against him and his son Karti Chidambaram in the Aircel-Maxis case.

This new direct service between Chennai and Penang, caters to the growing demand for travel between the two cities, offering both business and leisure travelers a convenient and affordable option, IndiGo said in a statement.

ProcMart, an online B2B e-commerce marketplace, is expanding into biofuels and sustainable packaging. Anish Popli, Founder and CEO of ProcMart, said that 90% of the company’s clients are Fortune 500 companies. “These clients put a lot of weightage on sustainability. Their procurement managers come to us looking for a sustainable supply chain. After discussions with them, we have realised we can help these large organisations in biofuels and packaging,” he said. Sustainable packaging is one way to reduce carbon emissions, and ProcMart can contribute to this as it is also into packing and shipping items. ProcMart, being a marketplace for commodities, has added biofuel in its products. It has started procuring biofuels for clients. Popli says more clients are asking for biofuels.

A Singapore oil magnate has been sentenced to 17.5 years in prison for fraud and forgery in a case that prosecutors said has tarnished the city-state’s reputation as Asia’s leading oil trading hub

Banks are ramping up their operations in Kerala, known to be the hub for NRI deposits and remittances, while they strengthen their operations in the Gulf countries to deepen the customer connection. «NRI deposits, characterised by larger ticket sizes and consistent inflows provide a valuable source of long-term funding. NRIs often seek secure and profitable avenues to park funds domestically, making this segment a stable and resilient deposit base,» said Federal Bank executive director Shalini Warrier.

natural rubber prices in the international markets are set to rise further as manufacturers have guided for further hikes in the ongoing quarter. According to them an increase of 2-6% taken since the beginning of FY25 is not commensurate with the increase on account of natural rubber prices. This, in turn, has jacked up raw material prices as percentage to net sales by 6-8%. Higher input costs coupled with a tepid demand from truck and carmakers dented profitability at all tyre makers in the second quarter over the year-ago period.

Hundreds of curious shoppers, many equipped with rain gear and folding camping stools, lined up for hours in the western German city of Aachen Thursday to get a first taste of a trendy new confection known as “Dubai chocolate."

Since the Mideast wars began with Hamas’ initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel’s main gateway to the rest of the world

Gentari Sdn Bhd, the clean energy arm of Malaysia's state-run Petronas Group, has agreed to acquire a part of the renewables portfolio of Brookfield Asset Management for $900 million, inclusive of debt, following months of talks, said people with knowledge of the matter. Last week, both parties signed a firm agreement that will see Gentari take control of a 2.2 GW portfolio of assets. This is the first time Brookfield will be monetising part of its green energy portfolio after building, acquiring and operating the assets for over five years. Gentari is expected to seek regulatory approvals in the next few days before any formal announcement. Its portfolio in India will double from the current 2 GW capacity. This will be its second acquisition in India this year. Gentari had bought the 185 MW solar power portfolio of Finnish firm Fortum Oyj in May.

Asian Champions Trophy hockey here on Tuesday. India raced to a 2-0 lead in the first half through goals from Sangita Kumari (3rd minute) and Deepika (20th) before Korea mounted a strong comeback in the third quarter and drew parity with goals from Yuri Lee (34th) and skipper Eunbi Cheon (38th). But the match was far from over as Deepika scored from the spot in the 57th minute to eke out a close win for India.

Tan Sri Ananda Krishnan, one of Malaysia’s most influential and wealthiest individuals, has built an empire that spans multiple industries, from telecommunications to multimedia, with a net worth of ₴45,339 crore (US$5.8 billion). As the country’s fourth-richest person, according to Forbes, he is a name synonymous with strategic vision, entrepreneurial success, and philanthropy. Ananda Krishnan’s rise to prominence began with a consultancy firm, MAl Holdings Sdn Bhd, which helped shape his entrepreneurial career.

Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on Thursday, years after the country decided to walk out of the China-backed Asian trade bloc.

Malaysia's High Court has ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund

Subscribe to enjoy similar stories. With every restaurant opening, there seems to be a renewed focus on aesthetics, signifying they’re catering to diners who eat with their camera first. This month, one of the pioneers of the Instagram café phenomenon unveiled its first outlet in India.

Harold and the Purple Crayon, which is based on the beloved book by Crocket Johnson, will soon be available for streaming on Netflix. The film follows Harold, a young boy who creates magical adventures with his purple crayon.

Imprisoned former Malaysian Prime Minister Najib Razak issued a rare apology over the looting of a state investment fund worth billions of dollars “under my watch” while reiterating his innocence

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout

China’s Xi Jinping, India’s Narendra Modi and other global leaders have arrived in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying the Western liberal order

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