Tag: malaysia

Malaysia has secured RM123.3 billion in approved investments from January to June 2022, with foreign direct investments contributing 70.9% of the total. The services sector led the investment landscape, accounting for 63.3% of approved projects and expected to create 57,771 job opportunities.

Malaysia is working to address semiconductor order backlogs that emerged during the pandemic. Lockdown-related operational suspensions, combined with global manufacturing disruptions like factory incidents and the Suez Canal blockage, have significantly impacted integrated circuit component supplies worldwide.

Malaysia's political crisis deepens as King intervenes to select a new Prime Minister after Muhyiddin Yassin's resignation. The country faces mounting public criticism over its pandemic response, with high infection rates and ongoing emergency measures challenging national leadership stability.

Telecommunications giants Axiata Group and Telenor Asia have completed a landmark merger of their Malaysian wireless operations, creating a new tech leader. The combined entity, MergeCo, promises significant synergies, with pre-tax profits of 5.7 billion ringgit and strong financial prospects. Both parent companies will hold equal 33.1% stakes in the newly formed company.

Digital Nasional Bhd (DNB) has chosen Ericsson to deploy Malaysia's national 5G network in an RM11 billion project. The agreement aims to enhance digital infrastructure and support the country's transition to a more connected digital economy, excluding previous potential vendors like Huawei.

IJM Corp has agreed to sell its entire 56.2% stake in IJM Plantations to KLK Bhd for RM1.53 billion or RM3.10 per share. The transaction, announced in July, requires shareholder and creditor approval. KLK intends to maintain IJM Plantations' listing on Bursa Malaysia.

Bank Negara Malaysia and The Bank of Thailand have launched a groundbreaking cross-border QR payment linkage, allowing seamless instant payments between Malaysian and Thai shoppers and traders. The project, initiated in June 2020, connects real-time retail payment platforms RPP/DuitNow and PromptPay, facilitating quick and efficient cross-border transactions.

Malaysia has maintained its Crude Palm Oil (CPO) export tax at 8% for July 2021, reflecting the commodity's market price above RM3,450 per tonne. As the world's second-largest palm oil exporter, the country's tax structure varies based on market rates.

HSBC and the Climate Bonds Initiative reveal ASEAN's sustainable finance market's resilience, with Malaysia's green bond and sukuk market reaching US $2.6 billion. The region is positioning itself as a key sustainable finance center, emphasizing green investment strategies despite pandemic challenges.

Austria's AT&S has chosen Malaysia as its strategic tech manufacturing hub, announcing an 8.5 billion ringgit investment in Kulim High-Tech Park. The project will create 5,000 high-tech jobs and focus on producing advanced printed circuit boards and integrated circuit substrates.