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Gelam Tree And The Malaysian Economy

By M.Saraswathi

KUALA LUMPUR, July 29 (Bernama) -- Bank Negara Malaysia's annual Sasana Symposium took on a refreshingly different tone this year, with Governor Datuk Seri Abdul Rasheed Ghaffour departing from convention in his central bank address.

Petronas Unit Signs HoA With Japan's Hokuriku Electric To Renew LNG Supply Deal

KUALA LUMPUR, July 29 (Bernama) -- Petroliam Nasional Bhd's (Petronas) subsidiary, Petronas LNG Ltd (PLL), has signed a heads of agreement (HoA) with Japan's Hokuriku Electric Power Company to negotiate and conclude the renewal of a long-term liquefied natural gas (LNG) supply agreement.

China's Midea, 99 Speedmart Collaborate To Expand Home Appliance Network

SHAH ALAM, July 29 (Bernama) -- China’s smart home appliance manufacturer Midea Group (Midea) and 99 Speed Mart Sdn Bhd (99 Speed Mart) today announced a strategic collaboration to expand the availability of quality, energy-efficient home appliances across more than 3,100 branches of the latter’s retail chain nationwide.

Govt To Refine Official Statistics For More Effective Policymaking – Mohd Shahar

KUALA LUMPUR, July 29 (Bernama) -- The government will continue to advance and refine the development of official statistics to support more accurate and effective policymaking, including through the production of more granular indicators, said Deputy Economy Minister Datuk Mohd Shahar Abdullah.

Economic Reform Commitment Drives Fiscal Deficit Reduction - Liew

KUALA LUMPUR, July 29 (Bernama) -- The Federal Government's fiscal deficit has continued to shrink for five consecutive years, demonstrating the government's commitment to an economic and fiscal reform plan that has yielded results, said Deputy Finance Minister Liew Chin Tong.

Megah Port Kicks Off Marine Services With RM23 Mln Tugboat Investment

LABUAN, July 29 (Bernama) -- Megah Port Management Sdn Bhd (MPM) today officially commenced its marine services at Labuan Port, backed by the acquisition of four tugboats worth RM23 million.    

CAAM Gears Up For F1's Return

By Kisho Kumari Sucedaram

KUALA LUMPUR, July 29 (Bernama) -- The Civil Aviation Authority of Malaysia (CAAM) has called on all relevant stakeholders, including airport operators, airlines, ground handlers and relevant government agencies, to work closely to ensure the smooth handling of the Formula 1 (F1) Gulf Air Bahrain Grand Prix in Malaysia.

F1’s Return A Golden Opportunity To Rebuild Malaysia's Motorsports Ecosystem

By Siti Radziah Hamzah

KUALA LUMPUR, July 28 (Bernama) -- Formula One's (F1) return to the Sepang International Circuit (SIC) presents Malaysia with a golden opportunity to rebuild its motorsport ecosystem, according to Malaysia’s former F1 driver Alex Yoong.

Ringgit Opens Higher Vs Greenback On Improved Local Sentiment

KUALA LUMPUR, July 29 (Bernama) -- The ringgit opened higher against the US dollar today, as market sentiment was boosted by Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour’s positive remarks yesterday and expectations of a shift in the United States (US) Federal Reserve policy.

Pay Growth Lags Productivity, Wage-Setting System Needs Review — BNM Deputy Governor

KUALA LUMPUR, July 28 (Bernama) -- Bank Negara Malaysia (BNM) sees the country’s wage growth has lagged productivity growth and believes there is a need to review its wage-setting system, particularly how adjustments to the minimum wage translate into wages at higher levels.

Vaseehar Hassan Appointed AmanahRaya Chairman

KUALA LUMPUR, July 28 (Bernama) -- Amanah Raya Bhd (AmanahRaya) has appointed Datuk Seri Dr Vaseehar Hassan Abdul Razack as its chairman.

Rubber Targeted To Hit Minimum Price Of RM5 Per Kilogramme By End-2027 - Ahmad Zahid

SEREMBAN, July 28 (Bernama) --  The minimum price of rubber is targeted to hit RM5 per kilogramme by the end of 2027 as part of efforts to improve the income and standard of living of more than 500,000 rubber smallholders nationwide, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.