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Hyundai Motor to invest $480 million in Malaysia to increase local production capacity

Hyundai Motor to invest $480 million in Malaysia to increase loca...

Tue, Nov 26, 2024

Hyundai Motor said on Tuesday it plans to invest nearly $480 million in Malaysia over the next five years from 2025 to increase its production capacity in the Southeast Asian nation.

South Korea, Malaysia discuss closer bilateral trade ties

South Korea, Malaysia discuss closer bilateral trade ties

Mon, Nov 25, 2024

During the meeting, the two countries agreed to work toward concluding the FTA by the end of 2025. Seoul and Kuala Lumpur resumed negotiations for the proposed FTA this year after a five-year hiatus.

India allows export of 200,000 tonne non-basmati rice to Malaysia

India allows export of 200,000 tonne non-basmati rice to Malaysia

Wed, Aug 21, 2024

India has authorized the export of 200,000 tonnes of non-basmati white rice to Malaysia, despite a previous export ban aimed at controlling inflation and ensuring food security. This decision was announced by the Directorate General of Foreign Trade (DGFT) and comes as Malaysia's Prime Minister visited New Delhi.

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PM Modi holds bilateral talks with Malaysian counterpart Ibrahim

PM Modi holds bilateral talks with Malaysian counterpart Ibrahim

Tue, Aug 20, 2024

Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim held a bilateral meeting at Hyderabad House in New Delhi on Tuesday. The discussions focused on deepening the India-Malaysia partnership across various domains and exploring new areas of collaboration. Anwar Ibrahim, on his first state visit to India, was received with a ceremonial welcome at Rashtrapati Bhavan and paid homage at Rajghat.

Malaysia's unemployment rate falls to 3.4% in 2023

Malaysia's unemployment rate falls to 3.4% in 2023

Tue, Jul 30, 2024

The Department of Statistics Malaysia (DOSM) said in a statement that the unemployment rate last year was almost returning to the pre-pandemic level of 3.3 per cent in 2019.

Google announces $2 billion investment in Malaysia; to create over 26,000 jobs by 2030

Google announces $2 billion investment in Malaysia; to create ove...

Thu, May 30, 2024

Farhan S Qureshi, country director for Google Malaysia, said that the investment will unlock new possibilities in several domains.

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia

Microsoft will invest $2.2 billion in cloud and AI services in Ma...

Thu, May 02, 2024

Microsoft sees Southeast Asia, with its population of over 600 million people, as a growing market and potential location for more AI product development.

Malaysia plans Southeast Asia's largest integrated circuit design park

Malaysia plans Southeast Asia's largest integrated circuit d...

Mon, Apr 22, 2024

Prime Minister Anwar Ibrahim said the proposed integrated circuit design park was part of Malaysia's efforts to move beyond backend chip assembly and testing and into high-value front-end design work.

Malaysia considers legal proceedings against foreign banks involved in 1MDB graft

Malaysia considers legal proceedings against foreign banks involv...

Tue, Jan 23, 2024

Goldman Sachs in 2020 had agreed to pay $3.9 billion to settle Malaysia's criminal probe over its role in the scandal.

Goldman Sachs sues Malaysia over 1MDB settlement

Goldman Sachs sues Malaysia over 1MDB settlement

Thu, Oct 12, 2023

The United States has been returning funds it has recovered from seized assets that were allegedly bought with stolen 1MDB money.

Malaysia's Petronas Offers $460 Million For Stake In India's NTPCs Green Arm

Malaysia's Petronas Offers $460 Million For Stake In India...

Fri, Mar 17, 2023

Malaysia's Petronas has offered 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India's largest power producer, NTPC, in the first deal of its kind by a state-run firm, three sources told Reuters.

Why Qatar Is Buying More Eggs From India This World Cup? Which Egg Company To Benefit?

Why Qatar Is Buying More Eggs From India This World Cup? Which Eg...

Thu, Dec 08, 2022

Why is there a shortage of eggs in the United Kingdom? There is huge shortage of eggs even in Malaysia. Which domestic companies will benefit? Why Qatar is buying more eggs from India this World Cup? FIFA World Cup increased demand for eggs. Why will the price of eggs increase further?Know what are the complete details from Ashish Chaturvedi.

New Malaysian PM Anwar Ibrahim vows to heal divided nation, economy

New Malaysian PM Anwar Ibrahim vows to heal divided nation, econo...

Fri, Nov 25, 2022

Malaysia's king, Sultan Abdullah Sultan Ahmad Shah, named Anwar, 75, as the nation's 10th leader after saying he was satisfied that Anwar is the candidate who is likely to have majority support.

US House Speaker Pelosi visits Taiwan

LIVE: US Speaker Nancy Pelosi says America will not abandon Taiwa...

Tue, Aug 02, 2022

LIVE: Nancy Pelosi Taiwan Visit: US House of Representatives Speaker Nancy Pelosi on Wednesday met Taiwan`s President Tsai Ing-wen.

Government not to impose countervailing duty on certain aluminium products from Malaysia

Government not to impose countervailing duty on certain aluminium...

Mon, Jun 06, 2022

Countervailing duty is a country-specific duty imposed to safeguard the domestic industry against unfair trade subsidies provided by local governments of exporting nations.

India imposes anti-dumping duty on Malaysian calculators for 5 yrs

India imposes anti-dumping duty on Malaysian calculators for 5 yr...

Sat, Jun 06, 2020

India has imposed anti-dumping duty on imports of electronic calculators from Malaysia for five years with a view to guard domestic players from cheap imports from that country.

Goldman Sachs bankers 'cheated' Malaysia over 1MDB, says Malaysian PM Mahathir Mohamad

Goldman Sachs bankers 'cheated' Malaysia over 1MDB, say...

Tue, Nov 13, 2018

Goldman`s stock fell to a near two-year low on Monday after Malaysia`s Minister of Finance Lim Guan Eng said his country would seek a "full refund" of the around $600 million in fees the bank earned from raising $6.5 billion for the fund.

AirAsia India flies 87% more passengers in June qtr

AirAsia India flies 87% more passengers in June qtr

Sat, Jul 28, 2018

AirAsia India (AAI) today said it has flown 1.82 million passengers in the April to June period, registering an 82 per cent growth over the year-ago period.

A year into OPEC's production cuts, Asia's oil markets have tightened

A year into OPEC's production cuts, Asia's oil markets...

Thu, Feb 15, 2018

The main impact of OPEC withholding supplies has been to change the structure of the oil price curve.

Budget 2018: A case study on GST collections

Budget 2018: A case study on GST collections

Sun, Jan 28, 2018

If the GST collection rates continue to drop, the government might be prompted to announce additional government borrowing of a similar amount

ASEAN-India: Shared values, common destiny

ASEAN-India: Shared values, common destiny

Fri, Jan 26, 2018

It is a historic milestone in a remarkable journey that has brought India and ASEAN in a deepening partnership of great promise for their 1.9 billion people, about one-fourth of human kind.

Facebook is up and running after hit with outage worldwide

Facebook is up and running after hit with outage worldwide

Fri, Jan 26, 2018

Many users of the site took to Twitter to check if the problem was global and also to express their frustration.

Growing middle class, GDP helps India top list of developing countries for retail investment

Growing middle class, GDP helps India top list of developing coun...

Mon, Jun 05, 2017

A.T. Kearney’s Global Retail Development Index has named India as the top market for retail investment. The country has managed to gain this position on the back of its growing middle class and GDP. The GRDI ranks the top 30 developing countries for retail investment worldwide.

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