LATEST NEWS   Govt is focusing on policy adjustments, managing cost pressures, and ensuring supply including basic necessities in tackling the global supply crisis -- Akmal Nasrullah | At 6 pm, the ringgit firmed to 3.9490/9530 against the US dollar from 3.9515/9555 on Monday. | 70 pct of blending depots in Malaysia are ready to implement B15 biodiesel using existing facilities -- Akmal Nasrullah | Retargeting ASEAN, East Asia, Australia and India markets among measures to maintain visitor flow and national income - Akmal Nasrullah | Malaysia has entered an extended crisis management phase, moving beyond the initial shock response phase -- Akmal Nasrullah | 

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Quantios Acquires Klea To Speed Up Automation In Corporate Services 

KUALA LUMPUR, Oct 3 (Bernama) -- Quantios, the global provider of Wealth and Corporate Services software as a service (SaaS) solutions, has completed the acquisition of Klea, an artificial intelligence (AI)-powered legal entity management (LEM) tool.

Cebu Pacific Welcomes Discussions On Local Aircraft Component Maintenance Business

From Kisho Kumari Sucedaram

MANILA, Oct 3 (Bernama) -- With the pressing demand for more efficient and localised aircraft maintenance services, Cebu Pacific, a low-cost carrier in the Philippines, is inviting discussions to establish a local aircraft component maintenance business within Asia’s rapidly expanding aviation sector.

Proton Retains Second Place In September's Automotive Sales

KUALA LUMPUR, Oct 3 (Bernama) -- National carmaker Proton Holdings Bhd (Proton) remained in second place in the automotive sales rankings for September, with sales of 11,269 units (domestic and export), bringing its year-to-date (YTD) total sales volume to 112,758 units. 

Sarawak Energy Appoints Ibrahim Baki As Chairman Effective Oct 1

KUCHING, Oct 3 (Bernama) -- Sarawak Energy Bhd (SEB) has appointed Gabungan Parti Sarawak's Satok state assemblyman, Datuk Ibrahim Baki, as its chairman effective Oct 1.

Political Stability, Govt Policies Attracting Global Investors To Malaysia

KUALA LUMPUR, Oct 3 (Bernama) -- Malaysia's political stability and the confidence-inspiring policies of the MADANI government have successfully attracted major global technology companies to choose the country as their investment destination, said Digital Minister Gobind Singh Deo.

Ringgit Expected to Remain Strong, Says AMRO Chief Economist

KUALA LUMPUR, Oct 3 (Bernama) -- The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Malaysian ringgit to remain strong as one of the region’s best-performing currencies, according to chief economist Hoe Ee Khor.

Budget 2025: MOSTI Proposes More R&D Allocation

SERDANG, Oct 3 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) is proposing an increase in allocation for research and development (R&D) under Budget 2025, said its minister Chang Lih Kang.

AMRO Lowers ASEAN+3 Growth Forecast For 2024 To 4.2 Pct

KUALA LUMPUR, Oct 3 (Bernama) -- The ASEAN+3 Macroeconomic Research Office (AMRO) has pared down its 2024 economic growth forecast for the region to 4.2 per cent, down from 4.4 per cent in July, largely driven by revised growth projections for China and Vietnam.

Producer Price Index Eases By 1.9 Pct In 2023 - DoSM

KUALA LUMPUR, Oct 3 (Bernama) -- Malaysia’s Producer Price Index (PPI) decreased by 1.9 per cent in 2023 (2022: 7.8 per cent), mainly due to the contraction in the agriculture, forestry fishing (-13.8 per cent), according to the Department of Statistics Malaysia (DoSM).

UPM-NXP Collaboration To Boost Malaysia’s Competitiveness In Global Semiconductor Market

SERDANG, Oct 3 (Bernama) -- Universiti Putra Malaysia (UPM) and semiconductor giant NXP Malaysia have entered a strategic partnership to boost the growth of Malaysia’s semiconductor and electronics industry. 

Mavenir’s 5G UPF Solution Bags Leading Lights Network Energy Efficiency Award 

KUALA LUMPUR, Oct 3 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, has won the Leading Lights Network Energy Efficiency Award for its Energy-Efficient 5G User Plane Function (UPF) solution.

Malaysia Set To Meet 4.3 Pct Fiscal Deficit Target In 2024 -- OCBC

KUALA LUMPUR, Oct 3 (Bernama) -- OCBC Global Market Research sees Malaysia meeting its fiscal deficit target of 4.3 per cent of gross domestic product (GDP) this year and expects the government to target an even narrower deficit of between 3.5 and 3.8 per cent in 2025.