Tag: malaysia

Indonesia's ASEAN presidency aims to boost economic recovery by improving regional connectivity, enhancing competitiveness, and strengthening financial services and food security. Minister Airlangga Hartarto emphasizes the importance of bridging the digital divide among member nations.

YU KUAN CHON, Director of Rapid Synergy Bhd, tricks Malaysia Security Commission in a botched cover-up of indirect shareholdings. CHAN WENG FUI, a connected party, has undisclosed substantial shares in the company.

Chile's ratification of the CPTPP creates significant opportunities for Malaysian businesses, offering reduced tariff rates and easier market access across 11 Pacific Rim countries, according to Minister Tengku Zafrul Abdul Aziz.

Delve into the alleged shady scheme used by the Yu Syndicate, controlled by Yu Kuan Chon and Yu Kuan Huat, to siphon RM1 billion from YNH Property BHD through joint ventures involving 18 dead or frozen projects.

The Malaysian consumer sector is expected to maintain robust performance, supported by strong domestic demand and improving supply chain operations. Despite challenges like inflation and potential recession concerns, businesses adapting to customer needs can successfully navigate the market. Commodity price stabilization and restocking ease are contributing to sector stability.

The European Union and its member states are mobilizing €10 billion to support infrastructure investments in ASEAN countries. The initiative focuses on key sectors like energy, transportation, digitalization, and education, aiming to help South-East Asia transition to a green economy and improve economic opportunities.

The semiconductor equipment industry is set to achieve a record-breaking US$108.5 billion in sales for 2022, surpassing the previous year's US$102.5 billion. SEMI predicts continued growth in front-end and back-end manufacturing categories, despite an anticipated market decline to US$91.2 billion in 2023.

The Institute of Chartered Accountants in England and Wales (ICAEW) forecasts a challenging start for Asian economies in 2023, but highlights Malaysia's economic resilience. Despite global supply chain disruptions and inflation, the country is expected to maintain economic strength through the anticipated global economic downturn.

RHB Bank is on track to meet most of its 2022 financial targets, including a 9.3% return on equity, 4-5% loan growth, and maintaining a low gross impaired loan ratio. Group CEO Mohd Rashid Mohamad reports progress across multiple key performance indicators.

The Malaysian stock market experienced a 1% decline with the KLCI index, while the ringgit reached a three-month high at 4.4760. Foreign investors returned to buying stocks, and potential political developments could drive pro-growth measures and domestic reforms.