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Economy

Petronas Drives New Momentum In Strengthening Malaysia-Turkmenistan Ties Through Strategic Cooperation

By Siti Radziah Hamzah

KUALA LUMPUR, June 25 (Bernama) -- Petroliam Nasional Bhd's (Petronas) expanding role in Turkmenistan has emerged as a key pillar of renewed Malaysia-Turkmenistan relations, following Prime Minister Datuk Seri Anwar Ibrahim's recent official visit to the Central Asian nation, with the national oil and gas company’s long-standing presence continuing to open new avenues for energy cooperation, economic growth and broader bilateral collaboration.

LTMS-PIP Phase 2 Generates RM23.06 Mln Revenue As Of April 2026

KUALA LUMPUR, June 25 (Bernama) -- The Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP) Phase 2, Part 1 (Malaysia-Singapore, 100 megawatts (MW)) has supplied 30.6 gigawatt-hours (GWh) of electricity and generated revenue of RM23.06 million as of April 2026.

Malaysia Eyes Russian Investors As It Expands Islamic Finance Ecosystem

KUALA LUMPUR, June 24 (Bernama) -- The government, in collaboration with the Securities Commission Malaysia (SC), remains committed to developing a comprehensive Islamic finance ecosystem to attract investors, particularly from Russia.

IATA Outlines Four Priorities To Tackle Aerospace Supply Chain Failures

KUALA LUMPUR, June 24 (Bernama) -- The International Air Transport Association (IATA) has identified four priorities to address persistent failures in the aerospace supply chain, namely enhancing supply chain visibility, opening up the aftermarket, unlocking the value of data, digitalisation and artificial intelligence (AI), as well as building human capacity.

FDI Inflows, Overseas Expansion Reflect Malaysia’s Growing Economic Strength – Economists

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 24 (Bernama) -- Malaysia’s ability to attract strong foreign direct investment (FDI) while domestic companies continue expanding overseas underscores the country’s growing economic strength, competitiveness and investor confidence in the country’s long-term prospects, economists said.

Kioxia Named Official Gaming SSD Provider For Asian Games, Asian Para Games 2026

KUALA LUMPUR, June 24 (Bernama) -- Kioxia Corporation, a leader in memory solutions, has signed a partnership agreement with the Aichi-Nagoya Asian Games and Asian Para Games Organizing Committee to support the 20th Asian Games Aichi-Nagoya 2026 and the Fifth Asian Para Games Aichi-Nagoya 2026.

Alderbuck Energy To Deploy Nexus Power Unit At San Diego Supercomputer Center

KUALA LUMPUR, June 24 (Bernama) -- Alderbuck Energy, a power conversion and intelligent energy management solutions developer, announced that its Nexus Power Unit (NPU) will be deployed at the San Diego Supercomputer Center (SDSC) at the University of California San Diego.

Govt Has No Plans To Expand Fuel Subsidy Programme --  Liew 

KUALA LUMPUR, June 24 (Bernama) -- The government has no plans to expand the fuel subsidy programme after the recent adjustment in subsidised diesel prices, said Deputy Finance Minister Liew Chin Tong.

Mary Kay Retains Top Global Direct Selling Beauty Brand Ranking

KUALA LUMPUR, June 24 (Bernama) -- Mary Kay Inc, the iconic beauty and entrepreneurship company, has been named the world's No. 1 direct selling brand for skin care and colour cosmetics by Euromonitor International for the fourth consecutive year.

Shell Unveils Triple 10 Challenge Concept Car For Next-Gen EVs

KUALA LUMPUR, June 24 (Bernama) -- Shell has unveiled its Triple 10 Challenge concept car, a ground-breaking proof-of-concept vehicle designed to showcase a new approach to battery electric vehicle (EV) design through advanced thermal management technology.

NIKE Appoints David Denton As CFO

KUALA LUMPUR, June 24 (Bernama) -- NIKE Inc has appointed David M. Denton as Executive Vice President (EVP) and Chief Financial Officer (CFO), effective Aug 17, as the company continues to advance its growth strategy and operational priorities under President and Chief Executive Officer, Elliott Hill.

Hack The Box Expands AI Cyber Readiness Platform 

KUALA LUMPUR, June 24 (Bernama) -- Hack The Box (HTB), a cybersecurity training and workforce development platform provider, has introduced new capabilities designed to help organisations assess cyber skills, measure team performance and strengthen operational readiness as artificial intelligence (AI) reshapes the threat landscape.