Economy

Nexgram Subsidiary Kicks Off RM2 Bln Neu Nexus Century City Development In Cyberjaya

PUTRAJAYA, June 29 (Bernama) -- Nexgram Holdings Bhd’s subsidiary, Neu Nexus Century City Sdn Bhd (NNCC), today kicked off the development of Neu Nexus Century City in Cyberjaya, an artificial intelligence (AI) infrastructure, energy and mixed-use development project with an estimated gross development value of RM2 billion.

Malaysia Airports Accelerates Transformation Post-Privatisation Exercise

KUALA LUMPUR, June 29 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) has accelerated its organisation-wide transformation to strengthen governance, project delivery and internal capabilities following its privatisation exercise in March 2025. 

Kedah Attracted RM1.4 Bln In Approved Investments In 1Q 2026 -- Sim

KUALA LUMPUR, June 29 (Bernama) — Kedah has attracted RM1.4 billion in approved investments through 50 projects from January to March 2026, Deputy Investment, Trade and Industry Minister Sim Tze Tzin said.

Govt Intensifies Measures To Mitigate Global Supply Crisis

KUALA LUMPUR, June 29 (Bernama) -- The government has implemented or is in the process of carrying out 120 decisions made by the National Economic Action Council (MTEN) to mitigate the impact of the global supply crisis, Economy Minister Akmal Nasrullah Mohd Nasir said.

Malaysia, EU Continue MEUFTA Talks, Target Completion By 2027

KUALA LUMPUR, June 29 (Bernama) -- Malaysia and the European Union (EU) have completed negotiations on five chapters of the Malaysia-European Union Free Trade Agreement (MEUFTA), with both sides targeting to finalise the pact by 2027.

Mavenir Wins Deutsche Telekom's Partner Award For Network Innovation

KUALA LUMPUR, June 29 (Bernama) -- Mavenir, the software company building cloud-native, artificial intelligence (AI)-by-design mobile networks, has won the Deutsche Telekom Partner of the Year Award for Best Network Innovation.

COOCON To Launch MCP-Based Data Business For AI Agents

KUALA LUMPUR, June 29 (Bernama) -- COOCON, a South Korean business data platform company, planned to launch Model Context Protocol (MCP)-based data services as it expands into the artificial intelligence (AI) agent market.

Abaxx Exchange Trading Volume Jumps 582 Pct In Second Year

KUALA LUMPUR, June 29 (Bernama) -- Abaxx Technologies Inc (Abaxx) announced that Abaxx Exchange has surpassed one million futures contracts traded year-to-date as it marked the second anniversary of the Singapore-based commodity exchange.

Jumio Expands Digital ID Support To More Than 60 Markets

KUALA LUMPUR, June 29 (Bernama) -- Jumio has expanded support for digital IDs across more than 60 countries and territories, enabling customers to accept digital IDs when onboarding new users while supporting regulatory compliance and improving customer conversion.

World Cup Fever May Inject Up To RM2.1 Bln Into Malaysia’s F&B Sector, Economist Says

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, June 28 (Bernama) -- Football fever during the FIFA World Cup 2026 could inject between RM1.2 billion and RM2.1 billion into Malaysia's food and beverage (F&B) industry as fans flock to “mamak” outlets, cafes, and restaurants to catch live matches, according to an economist.

Bank Muamalat Launches New Islamic Finance Initiatives, Empowers Women’s Well-Being, Legacy Planning

KUALA LUMPUR, June 27 (Bernama) -- Bank Muamalat Malaysia Bhd (Bank Muamalat) launched its new M-Zahra Takaful MyLadies and a Digital Faraid Calculator initiatives today, in conjunction with the Terengganu Financial Literacy Carnival 2026.

Malaysia, Switzerland Conclude Second Round Of Double Taxation Agreement Talks

KUALA LUMPUR, June 27 (Bernama) -- Malaysia's Ministry of Finance (MOF) and Switzerland's State Secretariat for International Finance have successfully concluded the second round of renegotiations of the Agreement for the Elimination of Double Taxation with Respect to Taxes on Income between the two countries.