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Economic

PKNPk, Gamuda In Pact To Address Critical Water Shortages In Northern Perak

KUALA LUMPUR, Feb 5 (Bernama) -- Perbadanan Kemajuan Negeri Perak (PKNPk) and Gamuda Bhd have signed an exclusive arrangement with the intent to develop an infrastructure to address critical water shortages in Northern Perak.

Command Alkon Unveils Next-generation Platform For APAC Market 

KUALA LUMPUR, Feb 5 (Bernama) -- Command Alkon, a software and solutions provider for the heavy building materials industry, has introduced its next-generation platform, Command Cloud, to the Asia Pacific (APAC) market.

Lantronix To Unveil AI-powered LM4 OOBM Platform At Cisco Live

KUALA LUMPUR, 5 Feb (Bernama) -- Lantronix Inc, a global leader in compute and connectivity for Internet of Things (IoT) solutions, will debut its new LM4 artificial intelligence (AI)-powered out-of-band management (OOBM) platform at Cisco Live, from Feb 10 to 14.

Lower EPF Contribution For Foreign Workers Reduces Overall Wage Expenditure

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 5 (Bernama) -- The government’s decision to set the Employees Provident Fund (EPF) contribution rate for foreign workers at two per cent — lower than the initially proposed 12 per cent — helps employers reduce overall wage expenditure.

Uni-Fuels Secures Additional US$1.26 Mln To Fuel Expansion

KUALA LUMPUR, Feb 5 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels) has announced that its underwriter has fully exercised its over-allotment option, purchasing an additional 315,000 Class A Ordinary Shares at US$4.00 per share. (US$1=RM 4.42)

Duck Creek Technologies Unveils Payments Marketplace, Integration With Paymentus 

KUALA LUMPUR, Feb 5 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has launched its Payments Marketplace, a comprehensive payments ecosystem purpose-built for the global insurance industry.

Beltone Unveils Envision Hearing Aids With Advanced AI Technology

KUALA LUMPUR, Feb 5 (Bernama) -- Beltone has introduced its latest innovation, the Beltone Envision hearing aids, designed to set a new benchmark in noise management and voice clarity.

Malaysia, Uzbekistan Eye Joint Industrial Zone In Uzbekistan

KUALA LUMPUR, Feb 5 (Bernama) -- Malaysia and Uzbekistan see promising prospects to jointly establish an industrial zone in Uzbekistan.

Malaysia Must Adopt Proactive Approach To Mitigate Risks As Global Trade Landscape Shifts - Economist

By Danni Haizal Danial Donald

KUALA LUMPUR, Feb 5 (Bernama) -- Malaysia must adopt a proactive approach to mitigate risks and capitalise on emerging opportunities as the global trade landscape shifts due to the import tariff hike by the United States, said an economist.

GN Unveils Most Intelligent Hearing Portfolio 

KUALA LUMPUR, Feb 5 (Bernama) -- GN, the global leader in hearing aid innovation, has launched ReSound Vivia, the world's smallest artificial intelligence (AI)-powered hearing aid, and ReSound Savi, an essentials range featuring Bluetooth Low Energy (LE) Audio and Auracast broadcast audio.

Maybank IB Raises 2025 TIV Forecast By Five Pct To 790,000 Units

KUALA LUMPUR, Feb 5 (Bernama) -- Maybank Investment Bank (Maybank IB) has raised its total industry volume (TIV) forecast for this year by five per cent to 790,000 units, up from its previous estimate of 750,000 units.

Alliance Bank Rolls Out Flood Relief Assistance In Sabah And Sarawak

KUALA LUMPUR, Feb 5 (Bernama) -- Alliance Bank Malaysia Bhd has announced a flood relief assistance programme to help ease the financial burdens faced by customers impacted by the recent floods in Sabah and Sarawak.