Malaysia Financial News

In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including those from China, India, Turkey and Iran

Hockey India League (HIL), resurrected after seven years in cold storage, held its auctions in New Delhi last week with franchises – eight men and four women – snapping up players from across the globe. Harmanpreet Singh and Udita Duhan, current national team stars, emerged as the costliest buys at Rs 78 lakh and Rs 32 lakh in men’s and women’s leagues respectively. “It is not about the money. We are all in this for the development of the sport,” said Rahul Todi of Shrachi, owner of the Bengal Rarh Tigers franchise. While the auction was a success, there are still some lingering questions. Is the league sustainable? Can franchises make money in the long run? How will the league help the future of Indian hockey? There was already a minor setback for the organisers, Hockey India (HI); they had to reduce the number of women’s teams from six to four. However, the organisers said that the number will go back to six teams in 2026. “A lot of the current stars including Harmanpreet emerged into prominence from the Hockey India League. With back-to-back Olympic medals, there could be no better time to restart the league,” said PR Sreejesh, former India goalkeeper and Delhi SG Pipers team director, who was present for the two days of the auction before donning the hat of junior team head coach and leaving for Malaysia.

Subscribe to enjoy similar stories. Tourism is back, at last. This year the number of trips abroad is expected to overtake levels reached in 2019.

Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficit

Malaysia Airlines and IndiGo entered a strategic codeshare partnership following the Memorandum of Understanding (MoU) signed in April 2024. The partnership aims to boost connectivity and elevate the traveller experience across its key hubs within Malaysia and India.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

A former Singaporean Cabinet minister has begun a one-year prison term for receiving illegal gifts

The prime ministers of Malaysia and Pakistan have agreed to increase bilateral trade and boost economic ties after talks in Islamabad

Zakir Naik to Pakistan is disappointing and condemnable but not surprising, the Ministry of External Affairs has said. Naik is wanted by Indian authorities for alleged money laundering and inciting extremism through hate speeches. He left India in 2016. The radical preacher is currently on a high-profile visit to Pakistan, where he has met Prime Minister Shehbaz Sharif and is delivering lectures as part of a month-long programme. «It is not surprising for us that the fugitive from Indian law has received a high-level welcome in Pakistan. It is something which is disappointing, that we say (is) condemnable. But at the same time, it's not surprising,» MEA spokesperson Randheer Jaiswal said.

India has moved to withhold Zakir Naik's 'X' account, restricting access to the controversial Islamic preacher's social media in the country. This action followed hours after Pakistan warmly welcomed Naik, who is wanted by Indian authorities for charges related to money laundering and promoting extremism through hate speeches. Naik's presence in Pakistan has triggered fresh diplomatic responses from India, with sharp criticism directed at Islamabad for hosting him.

Malaysian Prime Minister Anwar Ibrahim is visiting Bangladesh to meet with interim leader Muhammad Yunus, who took over in August after the former prime minister fled during a mass uprising

Officials say Malaysia’s prime minister has arrived in Pakistan’s capital on his first official visit which is aimed at strengthening ties between the two countries

A former Singaporean cabinet minister has been sentenced to a year in prison after he pleaded guilty to charges of receiving illegal gifts, in a rare criminal case involving a minister in the Asian financial hub

Oracle plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the company said on Wednesday, the latest major investment by a global tech firm into the Southeast Asian country. Technology giants including Microsoft, Nvidia, Alphabet unit Google and China's ByteDance have announced billions of dollars worth of digital investments into Malaysia since last year, mostly in cloud services and data centres, powering an infrastructure boom driven by growing demand for artificial intelligence (AI). A cloud region is the physical, geographic location where a company's public cloud facilities are located. Oracle's venture is set to be one of the largest single tech investments so far, outpacing the $6.2 billion planned spending by Amazon's cloud unit AWS announced last year.

The announcement comes amid a wave of investments by global tech firms in Malaysia over the past year, as they seek to build critical infrastructure to cater to growing demand for their cloud and AI services. Anwar said Malaysia's national cloud policy will focus on four core areas, namely public service innovation and efficiency, economic competitiveness and growth, strengthening user trust and data security, and empowering citizens through digital inclusivity.

Kuala Lumpur, 30 September 2024 — ETHKL, Malaysia’s premier Ethereum and blockchain community-building initiative, is excited to announce ETHKL 2024, set to take place from October 4-6 at the Kuala Lumpur Convention Centre. The event will unite a diverse mix of regulators, government representatives, Web3 startups, international and local enterprises, and blockchain enthusiasts to explore the future of blockchain in Malaysia and strengthen the country’s role as a global Web3 player.

Subscribe to enjoy similar stories. India dominated Mint’s Emerging Markets Tracker holding the top rank for seven consecutive months, but fell to sixth position in August despite strong economic growth, robust manufacturing activity and moderating inflation.

Subscribe to enjoy similar stories. New Delhi: For two decades, Ashok Mehta has been exporting textiles from his Suchi Industries Ltd. in Surat, Gujarat, generating a revenue of about ₹30 crore in FY23.

Subscribe to enjoy similar stories. India surpassed emerging markets peers to again solidify its status as a premier destination for foreign portfolio investors (FPIs), drawing consistent inflows despite bouts of turbulence and concerns over high valuations. Overseas buyers net invested $5.9 billion into domestic stocks this month alone so far, according to data from Bloomberg, attracted by the country’s economic fundamentals and beginning of the rate cut cycle in the US.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

A former Singaporean cabinet minister has pleaded guilty to charges of receiving illegal gifts, in the Asian financial hub’s first ministerial criminal trial in nearly half a century