Muhammad Asim

The global semiconductor chip shortage is severely affecting automakers, leading to reduced production and higher prices. Caused by increased demand for electronics during the COVID-19 pandemic and supply chain disruptions, this shortage is expected to continue through 2022, forcing manufacturers to develop strategic solutions.

Malaysian oil and gas service provider Serba Dinamik is under scrutiny after KPMG raised concerns about unverified contracts worth 3.5 billion ringgits. Two top shareholders are expressing worry, while the company plans to appoint an independent review firm to investigate the issues.

The FAO Food Price Index reached 127.1 points in May, marking the 12th consecutive month of increases. Prices have risen 4.8% compared to April 2021 and nearly 40% since May 2020, reflecting significant global food market volatility and potential economic challenges for consumers worldwide.

Malaysia's exports surged by 63% year-on-year in April 2021, driven by strong domestic exports. The Department of Statistics reported a trade surplus of RM 20.5 billion, highlighting the nation's economic recovery from the COVID-19 pandemic.

Taiwanese tech giant Foxconn is exploring a minority investment in DNeX's SilTerra after losing earlier acquisition bid, sources reveal potential strategic partnership in semiconductor sector

Malaysia's economic outlook improves in March 2020, driven by leading index growth. Despite pandemic challenges, key sectors like housing, imports, and new company registrations demonstrate potential recovery and economic resilience.

Singapore's economy showed resilience in the first quarter of 2021, with a 1.3% growth according to the Ministry of Trade and Industry. Despite ongoing global economic challenges from the pandemic, the country's economic performance remains promising, with a full-year forecast expected to be reviewed in August.

Malaysia's Petronas, a leading petroleum company, has pioneered a new approach in LNG trading by using Canadian pricing indicators for a spot cargo sale to a Far East buyer. This marks a significant step in the company's global energy strategy and market positioning.

Singapore's non-oil domestic exports (NODX) increased by 6% in April, slower than March's 11.9% growth. Electronic exports rose 10.9%, supported by strong semiconductor demand and increased shipments of computers, diodes, and semiconductors. Petrochemicals and basic chemicals also showed significant growth.

Telecommunication giant Axiata Group Bhd is confident in achieving its dividend target of 20 sen per share by 2024. CEO Datuk Izzaddin Idris highlights the company's strategic shift towards becoming a high-profit organization, supported by robust financial foundations and focus on digital transformation.