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Economic

Collaborations Between Local Companies, MNCS Can Strengthen Malaysian Brands

KUALA LUMPUR, June 25 (Bernama) -- Collaboration between local companies and multinational corporations (MNCs) can serve as a good model to strengthen Malaysian brands and move the country beyond merely being a manufacturing base, said Entrepreneur and Cooperatives Development Minister Steven Sim.

Implementation Of B15 Will Not Affect Cooking Oil Supply, Food Industry

KUALA LUMPUR, June 25 (Bernama) -- The implementation of increasing the biodiesel blend to B15 will not affect the supply of cooking oil and the domestic food industry because the additional palm oil usage only represents about 1.5 per cent of the country's total palm oil supply.

Gamuda 3Q FY2026 Net Profit Rises 5 Pct To RM258 Mln, Declares 5 Sen Dividend

KUALA LUMPUR, June 25 (Bernama) -- Gamuda Bhd’s net profit for the third quarter of financial year 2026 (3Q FY2026) rose five per cent to RM258 million, supported by strong contributions from its domestic construction order book.

CGTN: China Advances Agricultural Modernisation To Boost Rural Prosperity

KUALA LUMPUR, June 25 (Bernama) -- China is strengthening agricultural modernisation and rural revitalisation efforts to ensure the benefits of development reach farmers, according to an article published by China Global Television Network (CGTN).

Pantun Sets Tone For Tealive-Dutch Lady Business Cooperation

KUALA LUMPUR, June 25 (Bernama) -- A “pantun”, two familiar consumer brands and a call for stronger business cooperation came together at the launch of Tealive and Dutch Lady Malaysia’s ready-to-drink dairy beverage collaboration today.

ASNB Declares 5.5 Sen Per Unit Income Distribution For ASB 3 Didik

KUALA LUMPUR, June 25 (Bernama) -- Amanah Saham Nasional Bhd (ASNB) has declared an income distribution of 5.50 sen per unit for its fixed-price fund, Amanah Saham Bumiputera 3 Didik (ASB 3 Didik), for the financial year ending June 30, 2026.

Malaysia Focuses On High-value IC Design Activities To Strengthen The Semiconductor Industry

KUALA LUMPUR, June 25 (Bernama) -- The government will focus on high-value activities in integrated circuit (IC) design as part of its efforts to strengthen its semiconductor industry and accelerate the development of high-growth, high-value (HGHV) industries.

Guest Supply To Distribute RODA Skincare Products Across APAC Hotels

KUALA LUMPUR, June 25 (Bernama) -- Guest Supply, part of Sysco Corporation, has inked a licensing agreement with RODA to manufacture and distribute RODA-branded skincare and personal care products across the Asia Pacific (APAC) for the hotel sector.

MATRADE Inks Partnership With CAIQ Biosecurity Under MCGi, Boosting MSME Exports To China

KUALA LUMPUR, June 25 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) today signed a collaboration agreement with CAIQ Biosecurity Sdn Bhd under the Malaysia-China Gateway Initiative (MCGi), enhancing technical compliance support and strengthening market readiness among Malaysian exporters seeking to expand into China.

YTL AI Labs Powers Yes To Become Malaysia’s AI-First Telco 

KUALA LUMPUR, June 25 (Bernama) -- YTL Power International Bhd’s Artificial Intelligence (AI) Labs (YTL AI Labs) has partnered with YTL Communications’ mobile operator Yes to bring ILMUchat, Malaysia’s AI, to expand access to advanced AI technologies for Malaysians nationwide.

PerkyPet AI Strengthens AI Leadership With Jamal Jackson Appointment

KUALA LUMPUR, June 25 (Bernama) -- PerkyPet AI, the veterinary-built artificial intelligence (AI) platform for proactive pet health, has appointed veteran technology leader Jamal Jackson as Global Head of Applied AI.

Falling Oil Prices Ease Inflation Concerns For Malaysia And Global Economy

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, June 25 (Bernama) -- Falling crude oil prices are expected to ease inflationary pressures in Malaysia and globally, reducing concerns that central banks may need to keep interest rates higher for longer, economists said.