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Malaysia's palm oil stocks fall 6.32 per cent in October Malaysia, the world's second-largest palm oil producer, saw its palm oil stocks fall 6.32 per cent from the previous month to 1.88 million tonnes at the end of October, official data showed Monday. According to the country's industry regulator Malaysian Palm Oil Board, the country's crude palm oil production slipped 1.35 per cent month on month to 1.8 million tonnes during the month. The country's palm oil exports, however, rose 11.07 pe rcent month on month to 1.73 mill...
Malaysia's palm oil stocks fall 6.32 per cent in October
Malaysia's palm oil stocks fall 6.32 per cent in October
Source: IANS
2024-11-12 10:10:06 am
Malaysia aiming to develop evaluation instruments to guide investment policy Evaluation instruments to better guide Malaysia's investment policy are being developed to maintain the country's momentum as a major investment destination for key industries, a Malaysian official said on Tuesday.  Such instruments or "scorecard" will be aligned with the country's National Investment Aspirations (NIA) policy, which is composed of six pillars, namely increasing economic complexity, creating high-value jobs, extending domestic linkages, developing...
Malaysia aiming to develop evaluation instruments to guide investment policy
Malaysia aiming to develop evaluation instruments to guide investment policy
Source: IANS
2024-10-15 04:56:17 pm
India's Eros Investments to invest $1 billion in Malaysia, minister says India's Eros Investments and its Immerso AI-IP unit are expected to invest $1 billion to develop an artificial intelligence park and movie studio in Malaysia, Malaysia's digital ministry said on Thursday.  The investment, which is expected to include an AI university and data centre in the park, has the potential to create 5,000 jobs in the next five years, the ministry said in a statement.  
India's Eros Investments to invest $1 billion in Malaysia, minister says
India's Eros Investments to invest $1 billion in Malaysia, minister says
Source: Reuters
2024-08-29 09:27:40 am
Malaysia`s manufacturing PMI improves in May Malaysia's manufacturing sector conditions improved midway through the second quarter of 2024, with the seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers' Index (PMI) rising to 50.2 in May from 49 in April. S&P Global Market Intelligence said in a statement on Tuesday the latest data signalled a renewed improvement in manufacturing sector conditions following 20 months of moderation, Xinhua news agency reported. The latest PMI reading also sug...
Malaysia`s manufacturing PMI improves in May
Malaysia`s manufacturing PMI improves in May
Source: IANS
2024-06-04 03:07:34 pm
Microsoft to invest $2.2 bn to fuel Malaysia's cloud, AI transformation Microsoft on Thursday announced to invest $2.2 billion over the next four years to advance new cloud and artificial intelligence (AI) infrastructure in Malaysia. The investment will allow Microsoft to meet the growing demand for cloud computing services in the country, as well as enable Malaysia to capitalise on the significant economic and productivity opportunities presented by the latest AI technology, according to the company. This marks the single largest investment in Microsoft...
Microsoft to invest $2.2 bn to fuel Malaysia's cloud, AI transformation
Microsoft to invest $2.2 bn to fuel Malaysia's cloud, AI transformation
Source: IANS
2024-05-02 02:11:50 pm
Malaysia to request additional 500,000 metric tons of white rice from India Malaysia will submit an request to India to procure an additional 500,000 metric tons of white rice, its agriculture minister said. The request would be in addition to the 170,000 tons of white rice India has previously allocated to Malaysia for the year. India, the world's biggest rice exporter, had restricted shipments to offset inflation and ensure food security. According to state-run rice importer Bernas, Malaysia's annual rice consumption is 2.5 million metric tons, with a...
Malaysia to request additional 500,000 metric tons of white rice from India
Malaysia to request additional 500,000 metric tons of white rice from India
Source: Reuters
2024-03-28 10:48:05 am
Direct flight introduced between Guwahati & Bangkok  A tri-weekly direct flight between Guwahati and Bangkok has been introduced which will be operated by Thai Air Asia on Wednesday, Friday and Sunday on the Bangkok-Guwahati route, an official said on Saturday. The maiden flight landed at Guwahati airport on Friday night with a total of 56 passengers and left after half an hour for Bangkok with 97 passengers. The flight took off from Guwahati at 11.40 p.m. on Friday night and landed in Bangkok at around 2.15 p.m. Indian time, early ...
Direct flight introduced between Guwahati & Bangkok
Direct flight introduced between Guwahati & Bangkok
Source: IANS
2023-12-03 09:15:04 am
Malaysia`s Sime Darby seeks to expand car retail business into India, Indonesia - CEO Sime Darby, Malaysia's industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to tap into the growth potential of both economies, its top executive told Reuters. "We cannot ignore India," Group Chief Executive Officer Jeffri Salim Davidson told Reuters. "It's just something too big, you cannot ignore. So we're looking for opportunities in India to see whether we can do something with a local p...
Malaysia`s Sime Darby seeks to expand car retail business into India, Indonesia - CEO
Malaysia`s Sime Darby seeks to expand car retail business into India, Indonesia - CEO
Source: Reuters
2023-11-30 02:38:22 pm
India`s cashew nuts head for US, Bangladesh, Qatar as new markets open The Agricultural and Processed Food Products Development Authority (APEDA), an organisation under the Ministry of Commerce, played an instrumental role in flagging off cashew nut shipments to the US, Bangladesh, Qatar and Malaysia to mark National Cashew Day on November 23. Bangladesh will be receiving its first-ever shipment of cashew nuts all the way from Odisha. After Cote d'Ivoire, India is the second largest producer and exporter of cashew nuts with a share of more than 15 per ...
India`s cashew nuts head for US, Bangladesh, Qatar as new markets open
India`s cashew nuts head for US, Bangladesh, Qatar as new markets open
Source: IANS
2023-11-25 10:19:08 am
India`s palm oil, sunoil imports rise to record highs; soyoil drops India's imports of palm oil and sunflower oil in 2022/23 surged by 24% and 54%, respectively, to record highs on a rebound in consumption and as both oils were available at a steep discount compared to rival soyoil, a leading trade body said on Monday. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The buying could reduce inventories in sunflower oil-producing Black Sea ...
India`s palm oil, sunoil imports rise to record highs; soyoil drops
India`s palm oil, sunoil imports rise to record highs; soyoil drops
Source: Reuters
2023-11-13 03:09:10 pm
India allows some rice shipments to Philippines, other importing countries India will allow exports of non-basmati white rice to a clutch of countries such as the Philippines - one of the world's biggest importers of the grain - a government order said on Wednesday.India, the world's biggest rice exporter, in July banned overseas shipments of non-basmati white rice and later imposed a 20% tax on parboiled rice cargoes to keep a lid on local prices and ensure sufficient supplies in the domestic market.But New Delhi said it would still consider requests for supplies o...
India allows some rice shipments to Philippines, other importing countries
India allows some rice shipments to Philippines, other importing countries
Source: Reuters
2023-10-19 09:38:49 am
Aggressive marketing strategy to help tap $112 billion export potential in 10 countries in three years: FIEO Federation of Indian Export Organisations (FIEO) in its latest study has said that aggressive marketing strategy including support from the government can help Indian businesses tap $112 billion export potential in ten countries like the US and UK in three years. It said that to tap this potential, a proper strategy is required.FIEO suggested the government to formulate a scheme to support participation of domestic industry in exhibitions, buyers-sellers meet, and roadshows in important citie...
Aggressive marketing strategy to help tap $112 billion export potential in 10 countries in three years: FIEO
Aggressive marketing strategy to help tap $112 billion export potential in 10 countries in three years: FIEO
Source: Accord Fintech
2023-10-12 02:47:48 pm
Malaysia`s Petronas poised to clinch $1.6 bn deal for stake in India`s AM Green Malaysia?s state oil giant Petronas is close to clinching a $1.6 billion deal for a 25 per cent stake in the ammonia unit of India?s AM Green, according to a Bloomberg report.Petronas is in an advanced state of negotiations that value AM Green at $6 billion, the report said citing people in the know of thngs.However, even though discussions are at an advanced stage, they could still be delayed or not come through at all, the report cautioned.Earlier this year, there were also reports that Pet...
Malaysia`s Petronas poised to clinch $1.6 bn deal for stake in India`s AM Green
Malaysia`s Petronas poised to clinch $1.6 bn deal for stake in India`s AM Green
Source: IANS
2023-09-23 09:08:42 am
Malaysia to discuss rice export curbs with India ?Malaysia will talk to the Indian government to find a "best solution" over the South Asian country's rice export restrictions, Malaysia's agriculture and food security minister Mohamad Sabu said on Monday.State-run Malaysian rice importer Bernas will also be negotiating with other suppliers like Vietnam, Thailand And Cambodia, he said.
Malaysia to discuss rice export curbs with India
Malaysia to discuss rice export curbs with India
Source: Reuters
2023-09-18 12:04:33pm