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Malaysia’s palm oil stocks slide 6.56% in Feb

Malaysia’s palm oil stocks slide 6.56% in Feb

KUALA LUMPUR: The Malaysian Palm Oil Board reported that the country’s overall palm oil stockpiles decreased by 6.56% to 2.11 million tonnes in February...
Malaysia Banks to be held up by resilient earnings

Malaysia Banks to be held up by resilient earnings

PETALING JAYA: As investors seek refuge in better yielding stocks amid recessionary fears, banks may notice an increase in interest. Despite the fact that financial...
Vietnam lures US$3.1 billion in FDI in first two months of 2023

Vietnam lures US$3.1 billion in FDI in first two months of 2023

In the first two months of 2023, Vietnam committed $3.1 billion in total foreign direct investment. This is a 38% decrease from the same...
MBSB Bank, Prec ink pact to drive cashless business transactions among SMEs

MBSB Bank, Prec ink pact to drive cashless business transactions among SMEs

PKNS Real Estate Sdn Bhd (Prec) and MBSB Bank Bhd (MBSB) have signed a memorandum of understanding (MoU) to work together. To promote cashless...
KUALA LUMPUR: Following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery electric vehicles (BEVs) into Malaysia. The Stocks linked to electric vehicles (EVs) experienced a buying surge. KESM Industries Bhd increased by 26 sen to RM8.40 in early trade on Thursday. Pentamaster Corporation Bhd increased by 4.0 sen to RM4.94 and Genetec Technology Bhd increased by 2.0 sen to RM2.83. Hong Seng Consolidated Bhd increased by half a sen to 13.5 sen. At RM5.10, Greatech Technology Berhad was unchanged. Tesla will open a head office and launch its “experience centers.” Along with the service centers, and “Supercharger” network in Malaysia, Miti said in a statement. According to the statement from Minister Tengku Datuk Seri Zafrul Aziz. Malaysia will strategically take advantage of its developed electrical and electronics ecosystem. To position the nation as the top investment location for technology related to electric transportation. Miti made it easier for Tesla to enter the market by launching the BEV Global Leaders initiative. Which aims to increase demand in the local market and advance the growth of the complete ecosystem to support EV adoption. The initiative also wants investments from top BEV manufacturing firms around the world. Tesla is the first applicant for this Miti program, according to a statement released by the ministry.

EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia

KUALA LUMPUR: Following the Ministry of International Trade and Industry’s (Miti) approval of Tesla’s application to import battery electric vehicles (BEVs) into Malaysia. The...
Hong Kong’s Cathay Pacific flags up to US$893.77 million loss in 2022

Hong Kong’s Cathay Pacific flags up to US$893.77 million loss in 2022

HONG Kong:Despite predicting a loss of between HK$6.40 billion (US$817.18 million) and HK$7.00 billion for the fiscal year 2022, Cathay Pacific Airways Ltd. underlined...
New China-Laos-Thailand train builds efficiency for China and Asean trade

New China-Laos-Thailand train builds efficiency for China and Asean trade

BEIJING: The China-Laos Railway’s extension, the round-trip China-Laos-Thailand train, was successfully launched. Trade between China and Asean members is anticipated to gain new momentum thanks...
Malaysia not going into recession, growth set to continue in 2023: Bank Negara Malaysia Governor.

Malaysia not going into recession, growth set to continue in 2023: Bank Negara Malaysia...

Malaysia is unlikely to enter a recession this year. According to Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus, as strong domestic...
International trade rises as commerce ministry lays out 2023 plans

International trade rises as commerce ministry lays out 2023 plans

Combodia: According to Pan Sorasak, minister of commerce, “in-depth reforms in all areas,” “improved export competitiveness. ” And an increasingly favorable business and investment...
China investment will boost green economy in Malaysia, says biz leader

China investment will boost green economy in Malaysia, says biz leader

IPOH: According to a prominent member of the business community, increased Chinese investment will aid Malaysia in its transition to low-carbon development. According to Datuk...
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