News

Indian team leaves for Men`s Asian Hockey 5s World Cup Qualifier The Indian Men's Hockey Team on Sunday flew to Salalah, Oman for the Men’s Asian Hockey 5s World Cup Qualifier, set to take place from August 29 to September 2. India Team has been placed in the Elite Pool along with Malaysia, Pakistan, Japan, Oman, and Bangladesh. The Indian Team will open their campaign on Tuesday against Bangladesh.  Meanwhile, the Challengers Pool consists of Hong Kong China, Indonesia, Afghanistan, Kazakhstan, and Iran. After their opening contest...
Indian team leaves for Men`s Asian Hockey 5s World Cup Qualifier
Indian team leaves for Men`s Asian Hockey 5s World Cup Qualifier
Source: IANS
27/08/2023 11:38:28 AM
Venus Remedies touches roof on getting marketing approval from 4 countries for chemotherapy drugs Venus Remedies is currently trading at upper limit of Rs. 273.80, up by 13.00 points or 4.98 % from its previous closing of Rs. 260.80 on the BSE. The scrip opened at Rs. 262.00 and has touched a high and low of Rs. 273.80 and Rs. 262.00 respectively. So far 18332 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.80 on 6-Jul-2023 and a 52 week low of Rs. 145.00 on 08-Feb-2023. Last one week high and low of th...
Venus Remedies touches roof on getting marketing approval from 4 countries for chemotherapy drugs
Venus Remedies touches roof on getting marketing approval from 4 countries for chemotherapy drugs
Source: Accord Fintech
6/07/2023 11:28:41 AM
Men`s Jr Asia Cup 2023: India ready for Korea challenge in semis Following a resounding 17-0 victory over Thailand, the Indian Junior Men's Hockey Team advanced to the semifinals of the Men's Junior Asia Cup 2023 in Salalah, Oman. Subsequently, the Indian team qualified for the FIH Junior Hockey Men's World Cup 2023, which will be held in Kuala Lumpur, Malaysia, from December 5 to 16. India will now face Korea in the semifinal on Wednesday for a place in the summit clash. Indian Men's Hockey Team Captain Uttam Singh discussed the u...
Men`s Jr Asia Cup 2023: India ready for Korea challenge in semis
Men`s Jr Asia Cup 2023: India ready for Korea challenge in semis
Source: IANS
30/05/2023 5:32:57 PM
Top palm oil buyer India's May imports set to fall to 27-month low India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday. The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices. Malaysia and Indonesia, the two largest global producers, may lower their palm oil offers to regain market share...
Top palm oil buyer India's May imports set to fall to 27-month low
Top palm oil buyer India's May imports set to fall to 27-month low
Source: Reuters
23/05/2023 3:09:48 PM
Malaysians mark Eid-ul-Fitr as economy recovers Malaysia's Muslims marked the Eid-ul-Fitr festival on Saturday as the country sees economic recovery, instilling a more positive vibe in the country following years of disruptions and uncertainty. With a renewed interest in international travel and trade, Malaysians looked forward to the festival, which typically begins with a trip back to hometowns and a reunion with family members, reports Xinhua news agency. For sales executive Nadirah Naim, this year will be a more joyous celebr...
Malaysians mark Eid-ul-Fitr as economy recovers
Malaysians mark Eid-ul-Fitr as economy recovers
Source: IANS
22/04/2023 3:56:40 PM
Malaysia`s inflation eases to 3.4% in March Malaysia's inflation, as measured by the consumer price index (CPI), eased to 3.4 per cent in March from 3.7 per cent in February, official data showed on Thursday. The Department of Statistics said in a statement that the slower increase was mainly driven by the decrease in petrol price, which eased the inflation of the transport group to 2.4 per cent. This was in line with the downward trend of Brent crude oil price, which was at $78.53 per barrel during March, as compared to $115...
Malaysia`s inflation eases to 3.4% in March
Malaysia`s inflation eases to 3.4% in March
Source: IANS
21/04/2023 9:34:10 AM
Malaysia`s Petronas offers $460 million for stake in India`s NTPC`s green arm 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. The offer price was higher than the 30 billion rupees NTPC had been expecting when it asked for expressions of interest in NTPC Green Energy (NGEL) last year and was 78% above the second-highest bidder. It values the NGEL at $2.3 billion. NTPC and Petrona...
Malaysia`s Petronas offers $460 million for stake in India`s NTPC`s green arm
Malaysia`s Petronas offers $460 million for stake in India`s NTPC`s green arm
Source: Reuters
16/03/2023 5:43:37 PM
Malaysia registers unemployment rate of 3.6% in January The number of unemployed persons in January continued to decrease, reaching 596,100, registering a 3.6-per cent unemployment rate, official data showed on Thursday. The Department of Statistics Malaysia (DOSM) said in a statement that the country's labour market continued on an upward trend following the current improvement of the country's economic position, in keeping with the expansion of the global economy. Therefore, the number of the labour force in January improved furthe...
Malaysia registers unemployment rate of 3.6% in January
Malaysia registers unemployment rate of 3.6% in January
Source: IANS
9/03/2023 6:24:17 PM
Hockey World Cup: Netherlands beat Malaysia 4-0 in opener Three-time champions Netherlands got off to a brisk start on the second day of the FIH Odisha Men's Hockey World Cup 2023 by defeating Malaysia 4-0 in a Pool C match at the Birsa Munda Stadium, here on Saturday. Holland, who had won the title in the 1973, 1990 and 1998 editions, scored twice in the second quarter, survived some good attacks in the third quarter and then slotted two more goals in the fourth quarter as they started their campaign on a winning note. Coach Jeroen Delmee...
Hockey World Cup: Netherlands beat Malaysia 4-0 in opener
Hockey World Cup: Netherlands beat Malaysia 4-0 in opener
Source: IANS
14/01/2023 5:54:57 PM
India extends policy to import refined palm oil at lower duty  India extended a policy to import refined palm oil at a lower duty and allowed imports of 51,000 tonnes of cotton at nil duty in 2023, the government said in a notification late on Thursday. The concessional duty structure for the refined palm oil had been due to expire on December 31. It has been extended "until further orders," the government said. In December 2021, India cut basic import tax on refined palm oil and brought down the total taxes on their imports to 13.7...
India extends policy to import refined palm oil at lower duty
India extends policy to import refined palm oil at lower duty
Source: Reuters
29/12/2022 10:22:07 AM
Malaysia`s air passenger traffic to grow by max 52% on year in 2023 The Malaysian Aviation Commission (MAVCOM) on Monday said that it expects the country's air passenger traffic in 2023 to increase by between 40 per cent and 52 per cent year on year, which means between 74.6 million and 80.8 million passengers. MAVCOM said in its industry report that it expects the international passenger traffic to experience significant recovery, with routes to key markets gradually being restored beginning the fourth quarter of 2022, reports Xinhua news agency. A...
Malaysia`s air passenger traffic to grow by max 52% on year in 2023
Malaysia`s air passenger traffic to grow by max 52% on year in 2023
Source: IANS
19/12/2022 3:48:46 PM
Malaysia`s exports up 15.6% in November Malaysia's exports rose by 15.6 per cent year on year to 130.24 billion ringgit ($29 billion) in November, official data revealed on Monday. Export expansion was underpinned by strong exports of electrical and electronic (E&E) products, liquefied natural gas (LNG), petroleum products as well as crude petroleum, the Ministry of International Trade and Industry (MITI) said in a statement. According to the statement, E&E products, valued at 53.16 billion ringgit and accounted f...
Malaysia`s exports up 15.6% in November
Malaysia`s exports up 15.6% in November
Source: IANS
19/12/2022 2:58:59 PM
Reliance Foundation announces partnership with Yakult to support the development of Young Champs scholars Reliance Foundation, the CSR arm of Reliance Industries Ltd (RIL), announced on Saturday that it will be in a partnership with Yakult Danone India Pvt. Ltd., a global leader in Probiotics and its related clinical research organisations for the Reliance Foundation Young Champs (RFYC). The association will provide the RFYC scholars access to international youth football tournaments across Asia. The Yakult team will also work with the coaching and the performance teams at the institute to sha...
Reliance Foundation announces partnership with Yakult to support the development of Young Champs scholars
Reliance Foundation announces partnership with Yakult to support the development of Young Champs scholars
Source: IANS
18/12/2022 12:49:08 PM
Malaysian economy to moderate in 2023 The Malaysian economy will moderate in 2023 amid challenging external conditions and slowing domestic demand, economists said on Thursday. The Maybank Investment Bank Research said in a report that it expects Malaysia's full-year growth to moderate to 4 per cent in 2023 from 2022's growth forecast of 8 per cent, mainly reflecting moderation in domestic demand, Xinhua news agency reported. The research house sees slower growth in private consumption next year as pent-up spending ...
Malaysian economy to moderate in 2023
Malaysian economy to moderate in 2023
Source: IANS
15/12/2022 4:12:24 PM
India eyes record rapeseed crop as high prices prompt farmers to plant more Rapeseed output in India is likely to rise to a record high in 2023 as higher prices have encouraged farmers to plant the main winter oilseed on nearly 9% more area than a year ago, trade and industry officials said. Higher rapeseed production could help India, the world's biggest importer of vegetable oils, cut expensive overseas purchases of cooking oils that cost the country a record $18.9 billion in the fiscal year to March 31, 2022. India meets more than 70% of its cooking oil ...
India eyes record rapeseed crop as high prices prompt farmers to plant more
India eyes record rapeseed crop as high prices prompt farmers to plant more
Source: Reuters
15/12/2022 2:57:59 PM
Asian FX bulls return as easing China COVID curbs improves outlook Investors were most bullish on the Singapore dollar and the Thai baht since the Russia-Ukraine conflict broke out in February, as China easing its strict COVID curbs and hopes of major central banks tempering the monetary policy lifted sentiment, a Reuters poll showed. Long positions on most other emerging Asian currencies also firmed, with those on the Malaysian ringgit and South Korean won at around two-year highs, a fortnightly poll of 10 analysts showed. Elsewhere, sentiment on Chin...
Asian FX bulls return as easing China COVID curbs improves outlook
Asian FX bulls return as easing China COVID curbs improves outlook
Source: Reuters
15/12/2022 2:16:23 PM
Palm oil imports to top buyer India surge on discount to rivals Palm oil imports to India, the world's biggest buyer, rose in November by 29% from the previous month as steep discounts to rivals soyoil and sunflower oil made purchases lucrative for local refiners, a trade body said on Wednesday. Imports last month were 1.14 million tonnes, more than double from a year earlier, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement. Higher Indian imports would help top producer Indonesia cut its inventories and su...
Palm oil imports to top buyer India surge on discount to rivals
Palm oil imports to top buyer India surge on discount to rivals
Source: Reuters
14/12/2022 1:43:54 PM
Indian U18 girls team wins silver at Asia Rugby Sevens India's U-18 girls team won the silver medal after losing to UAE 26-5 in the final at the recently concluded Asia Rugby Sevens held here. UAE is the only team to have beaten India as they registered comprehensive victories against Thailand, Nepal and Malaysia in the previous rounds. This equals their record performance of winning the silver medal at the previous edition held in 2021. "It's been a gratifying and rewarding 12 months for Rugby India. We now have gained silver ...
Indian U18 girls team wins silver at Asia Rugby Sevens
Indian U18 girls team wins silver at Asia Rugby Sevens
Source: IANS
12/12/2022 5:14:47 PM
Banijay Asia to roll out Indian adaptations of `House` and 'Suits` Indian adaptations of popular series 'House' and 'Suits' are in the works at Banijay Asia, CEO Deepak Dhar revealed to Variety at the Asia Television Forum and Market. Further details and the platform they will be on will be revealed in early 2023, Dhar said. Banijay Asia's Indian adaptation of 'The Good Wife', starring Kajol, will be on Disney+ Hotstar early next year and 'Captain', the Indian version of 'The Night Manager', also for Disney+ Hot...
Banijay Asia to roll out Indian adaptations of `House` and 'Suits`
Banijay Asia to roll out Indian adaptations of `House` and 'Suits`
Source: IANS
9/12/2022 2:48:19 PM
Dalai Lama greets new Malaysian Prime Minister Tunku Abdul Rahman Tibetan spiritual leader, the Dalai Lama has written to Anwar Ibrahim to congratulate him on becoming the Prime Minister of Malaysia. "I had the pleasure of visiting your beautiful country in 1982,"when I was invited to speak on peace and universal responsibility. I was also happy to have the opportunity of exchanging views with the late Prime Minister Tunku Abdul Rahman and other leaders. "These are very challenging times. It is my hope that Malaysia will continue to pro...
Dalai Lama greets new Malaysian Prime Minister Tunku Abdul Rahman
Dalai Lama greets new Malaysian Prime Minister Tunku Abdul Rahman
Source: IANS
25/11/2022 10:24:31 AM
Prime Minister Narendra Modi congratulates Anwar Ibrahim on becoming new Malaysian PM Prime Minister Narendra Modi on Thursday congratulated Anwar Ibrahim on being elected as the Prime Minister of Malaysia. "Congratulations Dato' Seri @anwaribrahim on your election as the Prime Minister of Malaysia. I look forward to working closely together to further strengthen India-Malaysia Enhanced Strategic Partnership," Modi tweeted. Earlier in the day, long-time opposition leader Ibrahim was sworn in as Malaysia's new Prime Minister, in what is being seen as a v...
Prime Minister Narendra Modi congratulates Anwar Ibrahim on becoming new Malaysian PM
Prime Minister Narendra Modi congratulates Anwar Ibrahim on becoming new Malaysian PM
Source: IANS
25/11/2022 10:20:52 AM
Marketmind: PMI, PMI baby A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking to round off the week on a positive note on Friday, with regional stocks on course to chalk up their fourth straight weekly rise. The relative calm may not last, however, if recession risks and fears accelerate. There are good reasons to believe this is in the cards. Indications from the initial batch of November purchasing managers index (PMI) data released so far show that private sector busines...
Marketmind: PMI, PMI baby
Marketmind: PMI, PMI baby
Source: Reuters
25/11/2022 8:56:52 AM
ASEAN parliament chiefs gather to promote sustainable, inclusive, resilient region Parliament leaders of the Association of Southeast Asian Nations (ASEAN) met here on Monday to discuss ways to help promote a sustainable, inclusive and resilient region. In a rmessage to the opening ceremony of the 43rd General Assembly of the ASEAN Inter-Parliamentary Assembly (43rd AIPA), Cambodian King Norodom Sihamoni said inter-parliamentary diplomacy, partnership and cooperation are crucial to contribute to promoting long-lasting peace and prosperity in the region, reports Xinhua ne...
ASEAN parliament chiefs gather to promote sustainable, inclusive, resilient region
ASEAN parliament chiefs gather to promote sustainable, inclusive, resilient region
Source: IANS
21/11/2022 1:44:24 PM
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s The high food and energy prices will curb economic growth and result in social tensions in 2023 and hence the outlook for sovereign creditworthiness is negative, said Moody's Investors Service on Tuesday. Credit-positive trends will be most evident for commodity producers -- especially energy exporters -- who will benefit from higher prices, while some other governments will also stand out for their broad resilience to the latest round of shocks, Moody's added. In a research rep...
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s
2023 Sovereign credit outlook negative due to effects of high food & energy prices: Moody`s
Source: IANS
15/11/2022 3:03:35 PM
India's wheat planting gathers momentum, acreage up nearly 10%  Indian farmers have planted wheat on 4.5 million hectares since Oct. 1, when the current sowing season began, up 9.7% from a year ago, the latest data from the farm ministry showed on Friday. The Ministry of Agriculture & Farmers' Welfare will keep updating the provisional crop sowing figures as it gathers more information from state governments. In India, wheat is mainly produced in the northern states of Punjab, Haryana, Uttar Pradesh and the central state of Madhya Prad...
India's wheat planting gathers momentum, acreage up nearly 10%
India's wheat planting gathers momentum, acreage up nearly 10%
Source: Reuters
14/11/2022 11:22:18 AM
ASEAN summits conclude with emphasis on post-pandemic recovery, ASEAN centrality The 40th and 41st ASEAN Summits and Related Summits in Cambodia concluded on Sunday, achieving fruitful results for greater regional cooperation towards post Covid pandemic socio-economic recovery. "Within these four days, we have had a comprehensive and productive discussion on the way forward to strengthen ASEAN centrality and our value in relation with our external partners, particularly at a time when the world is facing the fast evolving complex regional and international issue,&...
ASEAN summits conclude with emphasis on post-pandemic recovery, ASEAN centrality
ASEAN summits conclude with emphasis on post-pandemic recovery, ASEAN centrality
Source: IANS
13/11/2022 3:52:22 PM
ASEAN summits kick off in Cambodia The 40th and 41st ASEAN Summits and Related Summits kicked off in the capital of Cambodia on Friday, with the main focus on continuing community-building process, post-Covid recovery, and regional and global security challenges, among others. Speaking at the opening ceremony of the summits, Cambodian Prime Minister Hun Sen urged the 10-member bloc to focus on the common goal of mutual development for peace, stability and the betterment of the region, reports Xinhua news agency. He calle...
ASEAN summits kick off in Cambodia
ASEAN summits kick off in Cambodia
Source: IANS
12/11/2022 1:56:09 PM
Southeast Asia internet economy forecast cut on economic headwinds  Southeast Asia's internet economy is expected to be worth $330 billion by 2025, though this a downgrade from a previous forecast due to economic uncertainty and more pressure on tech companies to make a profit, an industry report said on Thursday. The annual report, by Alphabet's Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company, trimmed its forecast for 2025 from $363 billion in last year's report. "Amidst global...
Southeast Asia internet economy forecast cut on economic headwinds
Southeast Asia internet economy forecast cut on economic headwinds
Source: Reuters
27/10/2022 2:27:46 PM
India gives environmental approval for gene- modified mustard  India has granted environmental clearance for indigenously developed genetically modified (GM) mustard seeds, experts said on Thursday, paving the way for commercial use of its first GM food crop. The world's biggest importer of edible oils, on which it spends tens of billions of dollars a year, India fills more than 70% of its demand from Argentina, Brazil, Indonesia, Malaysia, Russia and Ukraine. "I can call it a landmark development," said Deepak Pental, a genetic...
India gives environmental approval for gene- modified mustard
India gives environmental approval for gene- modified mustard
Source: Reuters
27/10/2022 2:18:15 PM
Indian junior men's hockey team beat Malaysia 5-2 in Sultan of Johor Cup The Indian junior men's hockey team started its campaign in the 10th Sultan of Johor Cup, defeating Malaysia 5-2 in its opening game on Saturday. Amandeep (6'), Araijeet Singh Hundal (10'), Boby Singh Dhami (20'), Sudeep Chirmako (26'), and Sharda Nand Tiwari (56') scored for India in the match. Malaysia's goals were scored by Shahmie Irfan Suhaimi (13') and Muhammad Mamat (52'). India showed intent right away in the match, with captain Uttam Singh pr...
Indian junior men's hockey team beat Malaysia 5-2 in Sultan of Johor Cup
Indian junior men's hockey team beat Malaysia 5-2 in Sultan of Johor Cup
Source: IANS
23/10/2022 12:53:33 PM
Palm oil prices seen ticking up as rains slash output and demand strengthens  Palm oil prices are likely to strengthen further as excessive rain in key producing countries curbs output, while demand increases for its use in food and biofuels, industry officials said. Palm oil prices have climbed by around a fifth this month but are still trading far below an all-time high set in March. The expected spike in prices will add to the burden of consumers already hit by inflation triggered by the Russia-Ukraine war, but higher exports and lower production would help...
Palm oil prices seen ticking up as rains slash output and demand strengthens
Palm oil prices seen ticking up as rains slash output and demand strengthens
Source: Reuters
21/10/2022 3:57:01 PM
Malaysia ratifies CPTPP trade agreement Malaysia has officially ratified the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), the Ministry of International Trade and Industry said. The ratification comes after years of detailed deliberation, extensive consultations and careful assessment by the government, with the implementation of the agreement presenting huge benefits that outweigh any potential costs, the Ministry added in a statement on Wednesday. The CPTPP, which presently boasts 11 cou...
Malaysia ratifies CPTPP trade agreement
Malaysia ratifies CPTPP trade agreement
Source: IANS
6/10/2022 11:16:42 AM
Indonesia trimming palm oil stocks with discounts, India sales  Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said. Backed by Jakarta's waiver of palm oil export levies, which was recently extended to Oct. 31 and reversed course from an export ban in May that had shut them out of global trade, producers are moving in to lighten up their stocks at tempting prices. A...
Indonesia trimming palm oil stocks with discounts, India sales
Indonesia trimming palm oil stocks with discounts, India sales
Source: Reuters
20/09/2022 9:03:49 AM
Palm surges nearly 6% on higher soyoil prices, strong India demand Malaysian palm oil futures rose nearly 6% on Tuesday, tracking gains in rival soyoil on bleak forecast for U.S. soybean harvest, while strong demand from key buyer India provided an added boost. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange extended gains to a third straight session, rising 217 ringgit, or 5.89%, to 3,900 ringgit ($865.51) a tonne, its highest daily rise in more than 6 weeks. India's palm oil imports in August jumpe...
Palm surges nearly 6% on higher soyoil prices, strong India demand
Palm surges nearly 6% on higher soyoil prices, strong India demand
Source: Reuters
13/09/2022 4:38:09 PM
Malaysia end-August palm oil stocks hit 2 million T for first time in 2 years Malaysia's palm oil inventories at end-August likely swelled above 2 million tonnes for the first time in more than two years, lifted by a jump in production, a Reuters survey showed on Monday. Stockpiles jumped 14.5% from the month before to 2.03 million tonnes, the highest since April 2020, according to the median estimate of nine traders and analysts polled by Reuters. Output in the world's second largest producer climbed 8% to 1.7 million tonnes, hitting a 10-month peak. ...
Malaysia end-August palm oil stocks hit 2 million T for first time in 2 years
Malaysia end-August palm oil stocks hit 2 million T for first time in 2 years
Source: Reuters
5/09/2022 2:07:44 PM
Two-time champion Momota reaches second round at badminton worlds Second seed Kento Momota, bidding for his third world title, beat Lino Munoz of Mexico to reach the second round at the World Badminton Championships held here on Monday. Momota took only 37 minutes to see off the 82nd-ranked Munoz 21-16, 21-14. The local favourite will next face India's H.S. Prannoy. Third seed Anders Antonsen of Denmark became the biggest name to crash out in the first round as he went down to Japan's Kenta Nishimoto 21-15, 21-19. All three men's single...
Two-time champion Momota reaches second round at badminton worlds
Two-time champion Momota reaches second round at badminton worlds
Source: IANS
23/08/2022 10:52:16 AM
Hindustan Aeronautics surges on inking MoU to establish office in Malaysia Hindustan Aeronautics is currently trading at Rs. 2337.90, up by 47.00 points or 2.05% from its previous closing of Rs. 2290.90 on the BSE. The scrip opened at Rs. 2290.90 and has touched a high and low of Rs. 2340.00 and Rs. 2289.75 respectively. So far 19669 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2329.30 on 17-Aug-2022 and a 52 week low of Rs. 1082.75 on 18-Aug-2021. Last one week high and low of the...
Hindustan Aeronautics surges on inking MoU to establish office in Malaysia
Hindustan Aeronautics surges on inking MoU to establish office in Malaysia
Source: Accord Fintech
18/08/2022 11:11:01 AM
Malaysia's Hong Leong Bank chairman weighs options for stake in bank Malaysia's second-richest man Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a merger, two sources with knowledge of the matter said, in a move that could trigger wider consolidation in the sector.Quek, 80, is also exploring the possibility of reducing his stake in the Malaysian lender, said the sources who declined to be named due to the confidential nature of the matter. Conglomerate Hong Leong Financial Group Bhd, controlled by Quek, holds a 62% s...
Malaysia's Hong Leong Bank chairman weighs options for stake in bank
Malaysia's Hong Leong Bank chairman weighs options for stake in bank
Source: Reuters
8/08/2022 3:43:59 PM
India bids to sell fighter jets to Malaysia, says six other countries interested  India has offered to sell 18 light-combat aircraft (LCA) "Tejas" to Malaysia, the defence ministry said on Friday, adding that Argentina, Australia, Egypt, the United States, Indonesia, and the Philippines were also interested in the single-engine jet. The Indian government last year gave a $6 billion contract to state-owned Hindustan Aeronautics Ltd for 83 of the locally produced Tejas jets for delivery starting around 2023 - four decades after it was first approved in 198...
India bids to sell fighter jets to Malaysia, says six other countries interested
India bids to sell fighter jets to Malaysia, says six other countries interested
Source: Reuters
5/08/2022 4:16:02 PM
6 more countries join ASEAN`s Treaty of Amity and Cooperation Six more countries signed the instrument of accession to the Treaty of Amity and Cooperation in Southeast Asia (TAC) here on Wednesday, bringing the number of state parties to the treaty of ASEAN to 49. Representatives from Denmark, Greece, the Netherlands, Oman, Qatar and the United Arab Emirates inked the instrument of accession to the treaty on the sidelines of the 55th ASEAN Foreign Ministers' Meeting (55th AMM) in Phnom Penh in the presence of ASEAN foreign ministers, Xinhua news ...
6 more countries join ASEAN`s Treaty of Amity and Cooperation
6 more countries join ASEAN`s Treaty of Amity and Cooperation
Source: IANS
3/08/2022 5:27:30 PM
Kidambi Srikanth suffers shock defeat as India settle for silver in Mixed Team badminton PV Sindhu was the only one to win her match while former world No. 1 Kidambi Srikanth suffered defeat as India went down to Malaysia 1-3 in the final of the mixed team competition to settle for silver in the 2022 Commonwealth Games here. The Indian contingent had reached Birmingham as defending champions in three categories but has been able to retain the gold medal in only one. The Indian women's table tennis team had earlier failed to defend its title as it went down to Malaysia in t...
Kidambi Srikanth suffers shock defeat as India settle for silver in Mixed Team badminton
Kidambi Srikanth suffers shock defeat as India settle for silver in Mixed Team badminton
Source: IANS
3/08/2022 11:10:53 AM
Malaysia Airlines introduces MHPay Malaysia Airlines announced the launch of MHPay, a new alternative payment method for consumers purchasing air tickets, ancillary products, and services through malaysiaairlines.com. MHPay is intended to supplement the airline's entire suite of digitalised payment methods, with the goal of improving the customer experience by providing greater access to all payment options via a single integration point. MHPay, developed in collaboration with the International Air Transport Associat...
Malaysia Airlines introduces MHPay
Malaysia Airlines introduces MHPay
Source: IANS
2/08/2022 3:31:42 PM
Asian palm oil buyers replenish inventories as prices correct  Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as top producer Indonesia has scrapped levies on exports. Buying by leading Asian importers such as India, China and Pakistan could support Malaysian palm oil futures, which fell to their lowest in a year last week. It will also help Indonesia to reduce stockpiles that swelled after its export ban earlier this year and pressured local prices lower and squeez...
Asian palm oil buyers replenish inventories as prices correct
Asian palm oil buyers replenish inventories as prices correct
Source: Reuters
19/07/2022 2:18:34 PM
Breaking the stereotype was a crucial hurdle, say new unicorn 5ire founders Founder and CEO of Blockchain platform 5ire, Pratik Gauri, along with and his partner Prateek Dwivedi who raised $100 million and attained the Unicorn status, said on Monday that breaking the stereotype was the crucial hurdle on their journey. Back in India from their Malaysia meet, the duo was greeted at the airport with a lot of praise and family and well-wishers extended a warm welcome to the founders of 5ire which is India's 105th unicorns with a coveted $1 billion valuation. Le...
Breaking the stereotype was a crucial hurdle, say new unicorn 5ire founders
Breaking the stereotype was a crucial hurdle, say new unicorn 5ire founders
Source: IANS
18/07/2022 4:29:43 PM
Malaysia Open: Indian campaign ends with Sindhu, Prannoy's loss in quarters  India's campaign at the Malaysia Open BWF Super 750 badminton event came to an end after PV Sindhu and HS Prannoy lost their respective women's and men's singles quarterfinals at the Axiata Arena, here on Friday. Former world champion Sindhu was knocked out of the tournament after losing her women's singles quarterfinals 21-13, 15-21, 13-21 to world No 2 Tai Tzu Ying of Chinese Taipei in 53 minutes. Ace Indian shuttler, playing against the drift in the first game, ...
Malaysia Open: Indian campaign ends with Sindhu, Prannoy's loss in quarters
Malaysia Open: Indian campaign ends with Sindhu, Prannoy's loss in quarters
Source: IANS
2/07/2022 11:50:30 AM
Indian drone start-up Garuda Aerospace to set up plant in Malaysia India's integrated drone manufacture and drone-as-a-service (DAAS) provider Garuda Aerospace Pvt. Ltd. will set up a production facility in Malaysia at an outlay of Rs 115 crore, said a top company official. "We have decided to set up a drone production facility in Malaysia with a production capacity of about 50 drones per day. We will be importing the components from India and other countries," Agnishwar Jayaprakash, Founder & CEO of Garuda Aerospace, told IANS. The c...
Indian drone start-up Garuda Aerospace to set up plant in Malaysia
Indian drone start-up Garuda Aerospace to set up plant in Malaysia
Source: IANS
23/06/2022 8:12:48 AM
Indian communication satellite to be launched by Arianespace on Wednesday European space agency Arianespace on Wednesday will put into orbit two communication satellites belonging to India and Malaysia in geostationary orbit. The two satellites weighing cumulatively 10,863 kg will be flown by Ariane 5 rocket early June 22 from the spaceport in Kourou, French Guiana, said Arianespace. GSAT-24 built by Indian Space Research Organisation (ISRO) is a 24-Ku band communication satellite weighing 4,180 kg with pan India coverage for meeting the direct-to-home (DTH) ...
Indian communication satellite to be launched by Arianespace on Wednesday
Indian communication satellite to be launched by Arianespace on Wednesday
Source: IANS
21/06/2022 11:44:15 AM
Malaysia's vehicle sales fall in May due to shortage of chips Malaysia's total vehicle sales fell 11.76 per cent from April to 49,603 in May due to a shortage of chips and components, according to the Malaysian Automotive Association (MAA). The shortage of chips and components and logistics delay disruptions continue to affect some makes, the MAA said on Monday in a statement. It also attributed the fall to a shorter working month due to the Hari Raya festival, Xinhua news agency reported. On a year-on-year basis, total vehicle sales in May...
Malaysia's vehicle sales fall in May due to shortage of chips
Malaysia's vehicle sales fall in May due to shortage of chips
Source: IANS
21/06/2022 8:24:16 AM