Public Bank’s subsidiary purchases RHB Securities Vietnam for RM73 million
In a significant move within the banking sector, Public Bank Bhd’s subsidiary, Public Bank Vietnam Ltd (PBVN), announced its acquisition of RHB Securities Vietnam Co Ltd. This RM72.55 million deal…
Asian Equities Stall as China’s Market Reopening Fails to Ignite Momentum
On February 19th, the Asian stock market exhibited a lackluster performance, underscored by a cautious investor sentiment due to diminishing prospects of early interest rate cuts on a global scale.…
Masayoshi Son’s Ambitious $100 Billion AI Chip Venture
Masayoshi Son, the founder of SoftBank Group Corp, is reportedly in talks to raise as much as US$100 billion for a groundbreaking chip venture codenamed Izanagi. This venture is poised…
Malaysian pension fund injects a huge $21 million into burgeoning local startup ecosystem
Empowering Local Innovation Through Strategic Investments Introduction Kumpulan Wang Persaraan (KWAP), the statutory body responsible for managing Malaysia’s public employee pension scheme, has embarked on a bold initiative to invigorate…
Singapore has unveiled significant investment in AI technology.
Investment of S$1 billion over Five Years Marks Bold Move Singapore, renowned for its forward-thinking approach and innovation-driven policies, has taken a monumental stride towards solidifying its position as a…
Economic expansion aligns with the growth trajectory of fellow ASEAN countries
KUALA LUMPUR – The Department of Statistics Malaysia (DoSM) reported that Malaysia’s gross domestic product (GDP) growth for the year 2023 mirrors the moderate growth trend observed in other ASEAN…
BBK Group from China collaborates with Indian companies for better smartphone manufacturing.
February 19, 2024 In a strategic move indicative of shifting dynamics in the global smartphone market, BBK Group, China’s leading mobile phone manufacturer, has initiated collaboration with Indian manufacturers Dixon…
China’s domestically produced C919 passenger aircraft makes its official international debut in Singapore.
Singapore – February 19, 2024 In a significant milestone for China’s aerospace industry, the Commercial Aircraft Corporation of China (COMAC) has showcased its narrow-body C919 passenger jet outside Chinese borders…
Google, Microsoft, and OpenAI’s Bold Pledges to Combat AI Threats
Twenty of the world’s leading technology firms have united under a common cause. At the heart of their mission is a commitment to counteract the potential for AI-generated content to…
Wall Street Sees Potential in Chinese Semiconductor Firms for Long-Term Gains
While the majority of Wall Street steers clear of Chinese equities amidst escalating geopolitical tensions and economic uncertainties, a segment of analysts is guiding their clients towards the burgeoning sector…
Technology Shares Fuel Global Stock Rally; US Dollar Strengthens Amid Interest Rate Speculation
On Thursday, global stock markets experienced a significant uplift, driven predominantly by a surge in technology shares that propelled Japan’s Nikkei index to a new zenith unseen in 34 years.…
Resurgence in the Global Semiconductor Manufacturing Sector Anticipated in 2024, According to Semi’s Forecast
In a recent development that spells positive news for the technology sector, the global semiconductor manufacturing industry appears to be on the brink of a significant recovery. This revival is…
MITI advocates for a great trade agenda, urging collective progress in the pursuit of excellence.
Petaling Jaya Perspective on Global Trade: Steering Away from the Bottom, Racing to the Top Together In a thought-provoking address at the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC)…
Tech-Led Rally Propels Asian Stocks Higher Amid Speculation on US Interest Rate Trajectory
On Thursday, Asian stock markets experienced a notable surge, driven predominantly by gains in the technology sector. This upward momentum saw Japan’s Nikkei index reaching a new 34-year high, while…
Wall Street Gambles on ‘Lottery Ticket’ Trades Amid Chinese Stock Turmoil
As China’s stock market continues its turbulent journey, mired by a combination of Covid lockdowns, stringent regulatory measures, and a looming property crisis, Wall Street traders are placing speculative bets…
Bursa Malaysia, IDX, SET, and SGX to join forces for the great Asean Interconnected Sustainability Ecosystem collaboration.
Collaborative Efforts to Implement Common ESG Metrics Spearhead Asean-Interconnected Sustainability Ecosystem KUALA LUMPUR – In a landmark move toward regional sustainability, stock exchanges from Malaysia, Indonesia, Thailand, and Singapore have…
Malaysian-born CEO Tan Hock Eng joins Meta’s board, adding dept and amazing brilliance.
In a strategic move aimed at bolstering its board of directors, Meta, the parent company of Facebook, has recently announced the election of two distinguished individuals to its leadership team.…
Japanese semiconductor company Renesas announces new and improved acquisition of software firm Altium for $5.9 billion.
TOKYO – In a landmark deal within the global semiconductor industry, Tokyo-based Renesas Electronics announced its definitive agreement to acquire Altium Limited, an Australian-listed powerhouse in electronics design software, for…
UMW shares will be removed from listing on February 19, subsequent to Sime Darby’s strong acquisition.
UMW Holdings Bhd, a prominent player in the Malaysian market with diverse interests spanning automotive, equipment, manufacturing, and engineering sectors, has announced its exit from Bursa Malaysia. This move comes…
BYD of China is set to establish a new and big electric vehicle factory in Mexico, according to Nikkei.
BYD Co Ltd, a leading Chinese electric vehicle (EV) manufacturer, has recently announced its ambitious plans to establish a new EV manufacturing facility in Mexico. This strategic move is aimed…