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Malaysia, South Korea Strengthen Renewable Energy Partnership Through Terengganu Bio-CNG Project

KUALA LUMPUR, June 19 (Bernama) -- Malaysia and South Korea have further strengthened their strategic partnership in renewable energy following the exchange of a letter of intent (LOI) for the Terengganu State Palm Oil Mill Biogas Upgrading Project, an initiative that will convert waste from the palm oil industry into bio-compressed natural gas (Bio-CNG).

AM Best Affirms Hyundai Marine & Fire Insurance Credit Ratings

KUALA LUMPUR, June 19 (Bernama) -- AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of South Korea’s Hyundai Marine & Fire Insurance Co Ltd (HMF), with a stable outlook.

VS Industry Posts Net Loss Of RM32.91 Mln In 3Q 2026 Due To Lower Orders

KUALA LUMPUR, June 19 (Bernama) -- VS Industry Bhd recorded a net loss of RM32.91 million in the third quarter ended April 30, 2026 (3Q 2026) from a net profit of RM23.77 million posted in the same quarter last year.

Selangor Plans To Expand SA500 To Assist Companies Affected By Supply Disruptions

SHAH ALAM, June 19 (Bernama) -- The Selangor state government plans to expand its Selangor Advance (SA500) programme to support the cash flow needs of companies involved in state infrastructure projects, including those undertaken at the district and local authority levels.

Malaysia Leads Sea Semiconductor Industry, Draws Global Partnerships -- Trade Minister

KUALA LUMPUR, June 19 (Bernama) -- Malaysia has the strongest semiconductor ecosystem in Southeast Asia, making it the top destination for collaboration among major technology players from Japan, South Korea, Taiwan, China and the United States.

HICOOL Deepens Singapore Push In Southeast Asia

KUALA LUMPUR, June 19 (Bernama) -- China's HICOOL Global Startup Competition has expanded its presence in Singapore, positioning the city-state as a strategic gateway for Southeast Asian entrepreneurs seeking access to China's industrial ecosystem and market opportunities.

JTB To Acquire Asia DMC Operator EXO Travel

KUALA LUMPUR, June 19 (Bernama) -- JTB Corp has agreed to acquire all shares of Bangkok-based EXO Travel Group through a group company in the Asia-Pacific (APAC) region, strengthening its destination management capabilities and expanding its global travel network.

Moody’s Lifts Malaysia’s Outlook To A3 Stable On AI-Related Growth

KUALA LUMPUR, June 19 (Bernama) -- Moody’s Ratings has modestly raised its forecasts for Malaysia to A3 with a stable outlook, due to its exports of artificial intelligence (AI)-related goods.

Mavenir, Red Hat Launch AI Monetisation Platform

KUALA LUMPUR, June 19 (Bernama) -- Mavenir has launched an integrated artificial intelligence (AI) platform developed in collaboration with Red Hat, enabling network operators to offer and bill AI services through token-based consumption models using existing telecom billing systems.

Malaysia's Competitiveness Ranking Surge Signals Stronger Economic Fundamentals - Economists

By Rosemarie Khoo

KUALA LUMPUR, June 19 (Bernama) -- Malaysia's improved standing in the International Institute for Management Development (IMD) 2026 World Competitiveness Ranking reflects the country’s strengthening economic fundamentals.

Ringgit Opens Higher Against US Dollar

KUALA LUMPUR, June 19 (Bernama) -- The ringgit opened higher against the US dollar today, recovering from yesterday's sharp decline amid cautious market sentiment following the US Federal Reserve's (Fed) latest policy decision.

Malaysian Re, China Re Life Sign Landmark Treaty For Cancer Treatment Coverage

KUALA LUMPUR, June 18 (Bernama) -- National reinsurer Malaysian Reinsurance Bhd (Malaysian Re) and China Reinsurance Life Insurance Company Ltd (China Re Life) have signed a landmark reinsurance treaty to support the first dedicated reinsurance framework for cancer precision medicine (CPM) treatment coverage in Malaysia.