Malaysia Financial News

Sheetal Devi suffered an exit, while Sarita Kumari put up dominating show to storm into the quarterfinals of the compound women's open category at the Paralympics here on Saturday. First, it was the ninth seed Sarita who put up a dominated from the start to down Italy's Eleonora Sarti 141-135 in a one-sided affair. Sheetal, who draws the arrow with her toes, endured a blip in the second end where she shot the 7-point red ring to go down to Tokyo silver medalist Mariana Zuniga of Chile 137-138 in the pre-quarters. Sarita will be up against Turkey's Onzur Cure Girdi who smashed the world record to top the qualifying round with a score of 704 out of a maximum 720 points.

GOAT’ (short for ‘Greatest Of All Time’) could become the highest-grossing film in the Tamil film industry. The much-anticipated Thalapathy Vijay-starrer is predicted to set the cash registers ringing if reports are to be believed. As per a Cinetrak report, GOAT has already earned over $1 million in pre-sales for its opening day across international markets. A significant portion of this revenue comes from North America, where the film has generated around $460,000 from the USA and Canada alone. Anticipation is high, and the film is expected to cross the $1 million mark in the USA even before its official release. Vijay's movie is also performing strongly in the UK and Australia, with each region contributing $130,000 to the overall pre-sales.

Indian tourist who was swallowed by a sinkhole in Malaysia's capital entered a seventh day on Thursday, with the operation hampered by strong undercurrent flows and worries about oil instability after a second sinkhole emerged nearby. Vijaya Lakshmi Gali, 48, was walking along a road in the Dang Wangi area in Kuala Lumpur on August 23 when the pavement beneath her suddenly collapsed. She plunged into the 8-metre-deep (26-foot-deep) sinkhole and disappeared. Rescuers have found no trace of her so far except her slippers. The search operation has involved flushing through portions of the drain system, using high-pressure water jets and excavators to remove debris, tracker dogs as well as remote cameras and ground penetrating radars to map inaccessible areas. Nor Hisham Mohammad, deputy director of the Malaysian Fire and Rescue Department, said the search will continue. He said scuba divers may be sent into the sewage tunnel to check on an obstacle that was detected if conditions are safe. Two divers entered early Thursday but it was too dangerous and they were pulled out before they could reach the obstacle.

A Swiss criminal court has convicted two top managers of a Saudi oil company facing charges including fraud and money laundering in a scam that swiped at least $1.8 billion from a Malaysian state-owned investment fund

Hockey India named an 18-member Indian men's hockey team for the prestigious Asian Champions Trophy scheduled to begin in Hulunbuir, Inner Mongolia in China from September 8 to September 17. The tournament will see Asia's top hockey-playing nations India, Korea, Malaysia, Pakistan, Japan and hosts China vie for honours. The defending Champions India will be led by ace drag-flicker Harmanpreet Singh and will be supported by experienced midfielder Vivek Sagar Prasad as the vice-captain.

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comedy series 'Acapulco' for a fourth season. This announcement follows the show's successful third season and its recognition with multiple Imagen Awards nominations.

MH370 flight mystery has been surrounded by a number of claims and conspiracy theories. However, in spite of the searches, the missing plane couldn't be tracked. Now, an Australian researcher has claimed to detect what he called «perfect hiding place» for Malaysia Airlines MH370 flight. An adjunct researcher at the University of Tasmania Vincent Lyne has claimed that MH370 flight disappeared in the south-eastern Indian Ocean's 20,000ft-deep oceanic plateau «hole» — Broken Ridge. Malaysia Airlines plane MH370 flight with 239 on board went off the radar as the Boeing 777 aircraft flew over Vietnam's airspace during the scheduled journey to Beijing from Kuala Lumpur.

The leaders of India and Malaysia say they will seek to expand economic ties and strengthen cooperation on defense and security

Digital connectivity in India is set to get a major boost, with three large undersea cable projects — 2Africa Pearls, IndiaAsia-Express (IAX) and India-Europe-Express (IEX) — slated to go onstream between October and next March, expanding existing capacity by more than four times, said people familiar with the matter. 2Africa, among the longest subsea cable systems in the world, spanning over 45,000 km, has investments from Bharti Airtel and Meta, among others. It will have a capacity of 180 terabits per second (tbps), connecting 33 countries, including Sunil Mittal-led Airtel’s landing station in Mumbai. IAX and IEX involve contributions from Reliance Jio, among others. Boost for Data Centre Operators:

comprehensive strategic partnership following talks between PM Narendra Modi and his Malaysian counterpart Anwar Ibrahim here. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in digital technologies. The bigger focus of the talks was to expand trade and investment and explore cooperation in new and emerging areas.

Anwar Ibrahim, who is on a state visit to India, stated on Tuesday that India has to grapple with some 'serious issues' concerning minorities and religious sentiments but it continues to play its rightful role. Ibrahim said, «I will not deny the fact that you also have to grapple with some serious issues affecting minorities or religious sentiments. But our hope is that India continues to play its role, rightful role because I mentioned to Prime Minister Modi, that these were the years when Nehru and Zhou Enlai and Sukarno and Nyerere were there standing up for the global south against colonialism and imperialism and to struggle to ensure that we recognize what humanity is about, what freedom is all about, and what dignity of men and women.» The Malaysian PM, who met with Prime Minister Modi earlier in the day, praised India, noting its remarkable intellectual and historical figures. «India has produced outstanding intellects such as Sri Aurobindo and leaders like Gandhi Ji, who played a unique role in the struggle for freedom, justice, and humanity,» he said. «You have intellectual giants who became leaders in their own countries, such as Jawaharlal Nehru and Mohammed Ali Jinnah. India has produced great sages and leaders and is regarded by many of us as a beacon of hope and democracy in the region.

India and Malaysia on Tuesday decided to elevate their ties to the level of comprehensive strategic partnership following talks between Prime Minister Narendra Modi and his Malaysian counterpart Anwar Ibrahim. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in the area of digital technologies. Ibrahim began his three-day visit to India on Monday night. It is his first visit to India as prime minister. The larger focus of the Modi-Ibrahim talks was to expand trade and investment and explore cooperation in new and emerging areas.

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Cricket Council (ICC) announced the match schedule on Sunday for the upcoming ICC U19 Women's T20 World Cup 2025 in Malaysia. Sixteen teams from around the world will take part in the 41-match event where the future stars of women's cricket will announce themselves over 15 days of competition from 18 January to 2 February 2025. Over and above these exciting matches will be 16 warm-up fixtures played from 13 to 16 January, in preparation for the main event, as per the ICC. The second edition of this exciting tournament comes on the back of a successful inauguration in South Africa in 2023 where India beat England by seven wickets in a thrilling final to be crowned the first-ever winners. It will also be the hosts, Malaysia's first appearance in the U19 Women's T20 World Cup as well as Samoa's first appearance in an ICC World Cup event.

Officials in China say BMW is recalling more than 1.3 million vehicles that may have Takata airbag inflators following a similar recall in the U.S. last month

Department of Pharmaceuticals (DoP) has started discussions with local manufacturers of rubber gloves to look into their complaints about poor quality products that are getting dumped in the country. Domestic glovemakers alleged that gloves from countries like Thailand, Malaysia and China are being dumped in India under different non-medical product codes. The department has been contemplating issuance of quality control orders in consultation with the Bureau of Indian Standards and has already invited comments from stakeholders on the matter.

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Packaged foods makers Nestle and PepsiCo are in talks with Godrej Agrovet, one of the country's largest producers of palm oil, to buy refined palm oil locally for some of their biggest brands such as Maggi instant noodles and Lay's potato chips, executives directly aware of the developments said. Multinationals are sourcing locally amid rising global prices of the commodity as well as logistics costs and heightened scrutiny on the quality of edible oils by the government under the Food Safety & Standards Authority of India (FSSAI). They also aim to cut short months-long import buying cycles and circumvent any potential supply disruptions amid continued global geopolitical turmoil. So far, Nestle and PepsiCo have sourced palm oil primarily from Indonesia and Malaysia for Indian operations.

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IT firm Happiest Minds saw its banking financial services and insurance (BFSI) vertical’s contribution going up by 540 basis points, even as its US’ contribution coming down by 250 basis points in the just concluded quarter of this fiscal. One basis point is a hundredth of a percentage point. Acquisitions in the first quarter influenced both BFSI and US geography, said Executive Vice Chairman Joseph Anantharaju to ET on Tuesday. The IT firm, which announced its Q1 earnings Monday late night, acquired Aureus and PureSoftware in the first quarter of this fiscal. «Both these acquired firms are strong in financial services. While PureSoftware is focused more on banking and financial services, Aureus is on insurance», added Anantharaju.