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Economy

Digital Payment Provider Paydibs Eyes Southeast Asia, South Asia Expansion

By Fatin Umairah Abdul Hamid

 

KUALA LUMPUR, June 30 (Bernama) -- Homegrown Malaysian fintech company Paydibs Sdn Bhd is expanding into Southeast Asia and South Asia, with plans to enter Thailand, Indonesia and the Philippines by the end of this year, said its chief executive officer Tee Kean Kang.

EMGA Closes US$15 Mln Senior Debt Facility For CDB In Sri Lanka

KUALA LUMPUR, June 30 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has closed a US$15 million senior debt facility for Citizens Development Business Finance PLC (CDB), marking a milestone in strengthening Sri Lanka’s financial sector and supporting sustainable growth. (US$1=RM4.06)

Circeus Launches With EBRD Equity Investment

KUALA LUMPUR, June 30 (Bernama) -- Circeus, an artificial intelligence (AI)-native holding company, has launched with an equity investment from the European Bank for Reconstruction and Development (EBRD), alongside participation from other investors.

Govt Implements 23 HIMP 2030 Initiatives To Cut Halal Ingredient Imports - MITI

KUALA LUMPUR, June 29 (Bernama) -- The government has implemented 23 initiatives, projects and programmes under the seven strategic pillars of the Halal Industry Master Plan 2030 (HIMP 2030) as of May 30, 2026, as part of efforts to substitute imports of critical halal ingredients.

Subsidy Rationalisation To Safeguard MSME Margins, Malaysia's Competitiveness - MITI

KUALA LUMPUR, June 29 (Bernama) -- Subsidy rationalisation can help safeguard the profit margins of micro, small and medium enterprises (MSMEs) and preserve Malaysia’s competitiveness if implemented gradually, in a targeted manner and accompanied by comprehensive support measures.

MIDA Inked Five MoUs With Organisations From Four Countries In 2023-2025 -- MITI

KUALA LUMPUR, June 29 (Bernama) -- The Malaysian Investment Development Authority (MIDA) signed five foreign investment-related memoranda of understanding (MoUs) with organisations from China, Saudi Arabia, Japan, and Türkiye between 2023 and 2025.

MITI, MIDA Approve RM774.4 Bln In Manufacturing Investments Between 2020 And 2025

KUALA LUMPUR, June 29 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI), together with its agency, the Malaysian Investment Development Authority (MIDA), approved 5,899 manufacturing investment projects worth RM774.4 billion between 2020 and 2025, with the potential to create 502,493 new jobs.

Nigel Wong Re-Elected MATTA President For Second Term

KUALA LUMPUR, June 29 (Bernama) -- Nigel Wong Chun Teim has been re-elected as president of the Malaysian Association of Tour and Travel Agents (MATTA) for the 2026-2029 term, marking his second term leading the association.

REHDA Malaysia Elects Zaini Yusoff As New President For 2026-2028 Term

KUALA LUMPUR, June 29 (Bernama) -- Real Estate and Housing Developers' Association (REHDA) Malaysia has elected Datuk Zaini Yusoff as its new president for the 2026-2028 term, succeeding Datuk Ir Ho Hon Sang following the association's annual delegates conference on June 27, 2026.

Jati Tinggi Bags RM86 Mln Power Infrastructure Contract For Data Centre In Kapar

KUALA LUMPUR, June 29 (Bernama) -- Jati Tinggi Group Bhd (JTGB) has clinched an RM86 million contract to undertake the design and construction of a 275-kilovolt (kV) overhead transmission line and related power infrastructure for a data centre in Kapar, Selangor.

REDtone Subscribes To RM13 Mln Berjaya Corporation Unit's MTNs

KUALA LUMPUR, June 29 (Bernama) -- REDtone Digital Bhd has subscribed to RM13 million worth of medium-term notes (MTNs) issued by Berjaya Corporation Bhd's subsidiary, Berjaya IPS Equity Sdn Bhd.

SC Issues Guidance Note On Sukuk To Strengthen Alignment With Maqasid Al-Shariah

KUALA LUMPUR, June 29 (Bernama) -- The Securities Commission Malaysia (SC) today issued the Guidance Note on Sukuk: An Alignment with the Maqasid Al-Shariah Guidance Islamic Capital Market Malaysia to strengthen the alignment of sukuk issuances with Maqasid al-Shariah.