Malaysia's Next Economic Milestone: Can GDP Per Capita Reach US$20,000 By Early 2030s?

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 30 (Bernama) -- Malaysia has crossed another important economic milestone, with nominal gross domestic product (GDP) per capita surpassing the US$15,000 (US$1 = RM4.06) mark in 2026, according to the International Monetary Fund (IMF).

Maybank Raises Sustainable Finance Target Across ASEAN To US$73 Bln By 2030

JAKARTA, June 30 (Bernama) -- Maybank Group has committed to mobilise US$73 billion (US$1 = RM 4.06) in sustainable finance across ASEAN by 2030, raising its ambition as it continues to support what it describes as a responsible and orderly transition that drives long-term growth and resilience.

MPOB Expects CPO Prices To Remain Strong At RM4,000-RM4,300 A Tonne This Year

BANGI, June 30 (Bernama) -- The Malaysian Palm Oil Board (MPOB) expects the average price of crude palm oil (CPO) to remain strong at between RM4,000 and RM4,300 per tonne this year, supported by current global petroleum prices.

PJL Sells First Team In US$50 Mln Deal To McCarthy Jumping Team

KUALA LUMPUR, June 30 (Bernama) -- The Premier Jumping League (PJL) announced that seasoned trader, investor, and competitive race car driver Jason McCarthy and McCarthy Jumping League LLC acquired the league’s first team in a landmark US$50 million transaction. (US$1=RM4.06)

Malaysian Exporters Record RM160 Mln In Trade Leads At Korea Import Expo 2026

KUALA LUMPUR, June 30 (Bernama) -- The Malaysian delegation has secured export prospects of RM160 million at the recently concluded Korea Import Expo (KIE) 2026, outperforming the initial target of RM120 million, said the Malaysia External Trade Development Corporation (MATRADE). 

A2RL To Make International Racing Debut In Italy 

KUALA LUMPUR, June 30 (Bernama) -- The Abu Dhabi Autonomous Racing League (A2RL) will make its international racing debut at Italy's Imola Circuit on Sept 5, marking the first overseas event for the autonomous motorsport championship.

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)

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.

Global Air Cargo Demand 6.0 Pct Up In May 2026 – IATA

KUALA LUMPUR, June 29 (Bernama) -- Total demand of global air cargo, measured in cargo tonne-kilometres, increased by 6.0 per cent in May 2026, compared to May 2025 levels (6.5 per cent for international operations), according to the International Air Transport Association (IATA).

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.

Kaspersky, Digital Penang Collaborate To Boost Cybersecurity Readiness Among MSMEs

GEORGE TOWN, June 29 (Bernama) -- Global cybersecurity and digital privacy company Kaspersky and Digital Penang have entered into a strategic collaboration to strengthen digital trust among micro, small and medium enterprises (MSMEs) in Penang, supporting the state’s efforts to build a trusted and resilient digital economy.

Bursa Malaysia Pares Earlier Losses To End Slightly Lower

KUALA LUMPUR, June 29 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, with the benchmark index paring its earlier losses after rebounding strongly from intraday lows amid heavy selling in the morning session.