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Global Growth Faces Slowdown Amid Trade Barriers, Supply Chain Risks - Nurhisham

IPOH, July 21 (Bernama) -- Global economic growth could slow to near zero over the next century as rising trade barriers, intensifying geopolitical competition and supply chain disruptions reshape the global economy, Economic Adviser to the Prime Minister's Office Nurhisham Hussein said.

Govt To Limit Impact Of US Unilateral Trade Measures On Semiconductor, E&E Sectors - MITI

KUALA LUMPUR, July 21 (Bernama) -- The government will intensify efforts to reduce the impact of unilateral measures by the United States, ensuring that Malaysia remains an attractive investment destination for the semiconductor and electrical and electronics (E&E) sectors.

Sabah Southern MADANI Link Project Strengthens Electricity Supply Stability, Security

KUALA LUMPUR, July 21 (Bernama) -- The Sabah Southern MADANI Link (SSML) project by the Sabah state government is a strategic investment that strengthens the stability and security of the state’s electricity supply, according to the Ministry of Energy Transition and Water Transformation (PETRA).

ECRL Expected To Contribute Up To RM90 Bln To GDP By 2047

By Anis Nabilla Md Wazilah

KUANTAN, July 21 (Bernama) -- The East Coast Rail Link (ECRL) project is projected to generate RM80 to RM90 billion in cumulative value added contribution to the country’s gross domestic product (GDP) by 2047. 

Economy Ministry Drafting Legislative Framework To Curb Rent-Seeking Practices

PUTRAJAYA, July 21 (Bernama) -- The Economy Ministry is detailing a proposed legislative framework to curb rent-seeking practices, including assessing the need to enact new laws or improve existing provisions.

Ringgit Extends Gains Against US Dollar On Stellar Trade Data Amid West Asia Tensions

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 21 (Bernama) -- The ringgit extended its gains to close higher for a second consecutive day against the US dollar and other major currencies on Tuesday, supported by Malaysia’s stronger-than-expected trade performance, despite persistent geopolitical uncertainties.

Bursa Malaysia Ends Lower On Profit-Taking Despite Positive Market Breadth

KUALA LUMPUR, July 21 (Bernama) -- Bursa Malaysia’s key index closed marginally lower on Tuesday, weighed down by continued profit-taking, although the positive market breadth indicated that selective buying interest remained intact.

Rubber Market Ends Lower On Regional Weakness, Softer Oil Prices

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 21 (Bernama) -- The Kuala Lumpur rubber market ended lower on Tuesday, weighed down by declines in regional rubber futures markets and softer benchmark crude oil prices amid expectations of ample natural rubber supply from Thailand, a major producer, said a dealer.

Bursa Malaysia Lower At Midday As It Tracks Wall St Weakness

KUALA LUMPUR, July 21 (Bernama) -- Bursa Malaysia ended the morning session in negative territory, tracking the weaker performance on Wall Street overnight.

74 Pct Of Malaysians Use AI For Shopping, But Many Hesitate Over AI-completed Purchases – Adyen

KUALA LUMPUR, July 21 (Bernama) -- About 74 per cent of Malaysians use artificial intelligence (AI) to support their shopping, but 52 per cent remain uncomfortable allowing the technology to complete purchases on their behalf, according to a survey published by financial technology (fintech) platform Adyen. 

Tabung Haji In Much Stronger Financial Position Following Recovery Efforts

KUALA LUMPUR, July 21 (Bernama) -- Lembaga Tabung Haji (TH) is in a much stronger financial position now compared with 2018 following continuous recovery and restructuring efforts.

Govt To Develop Fair Formula To Calculate Open Market Value Of Local CKD Vehicles

PETALING JAYA, July 21 (Bernama) -- The government is developing a formula that is fair in calculating the open market value (OMV) or prices of locally assembled completely knocked down (CKD) vehicles in Malaysia.