Muhammad Asim

Japan approves a strategic semiconductor development project with TSMC, aiming to enhance technological capabilities and address global chip supply challenges in key industries like automotive manufacturing.

UEM Sunrise Bhd has partnered with Maybank Islamic's HouzKEY to help clients, including first-time and second-time homeowners, acquire their dream home. The collaboration offers zero payments during construction, zero down payment, and 100% financing for 10 projects.

Kejuruteraan Asastera Bhd (KAB) has partnered with Janakuasa Pte. Ltd. to enter Vietnam's renewable energy market. The collaboration involves establishing a special purpose company to acquire majority stakes in three hydropower stations totaling 180 MW, with power purchase agreements valid from 2030 to 2039.

Federal Reserve economists uncovered significant economic disruptions from Trump-era tariffs, revealing unusual trade reporting patterns and potential misreporting by exporters and importers during the US-China trade conflict.

Singapore's GIC Pte Ltd has purchased a 16% stake in Sunway Healthcare Holdings for RM750 million through its indirect arm Greenwood Capital. The investment involves acquiring shares in Sunway City and subscribing to Sunway Healthcare shares, marking a significant healthcare sector investment. - EXCERPT: Captures the core information, main parties, transaction value, and investment context - Maintains SEO best practices of being informative, precise, and keyword-focused

The World Bank has lowered Malaysia's GDP growth projection to 4.5% in 2021, down from the previous 6%, citing concerns about COVID-19 resurgence, healthcare system strain, and economic disruptions caused by repeated lockdowns and business closures.

Bank Negara Malaysia's international reserves rose to US$111 billion as of June 15, with foreign exchange reserves at US$99.6 billion, providing robust financial coverage for imports and short-term foreign debt.

GlobalFoundries is investing US$6 billion in new semiconductor manufacturing facilities, with a primary focus on Singapore. The expansion aims to address ongoing global chip shortages affecting industries like automotive and consumer electronics, while responding to strategic manufacturing priorities.

Singapore and Vietnam are moving forward to strengthen their digital economy collaboration. Foreign Affairs Minister Vivian Balakrishnan met with Vietnamese counterpart Bui Thanh Son to discuss joint initiatives and facilitate bilateral economic engagement in the digital sector.

SEA Ltd and Petronas are among key players exploring digital banking licenses in Malaysia. Other potential applicants include Genting, YTL Corp, and Grab Holdings, signaling a competitive race to enter the country's emerging digital financial services market.