Malaysia

Grand Venture Technology: Potential Second Listing in Malaysia

3 months ago

Singapore-based Grand Venture Technology, specializing in high-quality electronic components manufacturing, is considering a second public listing of its shares on the Malaysian stock exchange. This initiative aims to expand the investor base and attract additional capital, which will enable the company to enhance its operations and improve financial performance.

Malaysian Central Bank Sees Rate Hold in 2024 with Growth at 5%

3 months ago

The Central Bank of Malaysia has announced its intention to maintain interest rates at the current level in 2024. The country's economic growth is expected to remain around 5%. This statement confirms the authorities’ commitment to ensuring stability in an economy that experts believe shows promising prospects for the coming years.

Malaysia Holds Key Interest Rate Steady as Prices Remain Muted and Ringgit Gains

3 months ago

Malaysia's central bank has decided to maintain the key interest rate at 3%. This decision comes amid stable prices in the country and the strengthening of the national currency, the ringgit, against major global currencies. Inflation in the country is under control, allowing regulators not to implement changes in monetary policy.

Yondr Seeks Private Loan for Its Expansion in Malaysia

3 months ago

Data center company Yondr has announced its intention to secure a private loan to fund its expansion in Malaysia. This decision marks a strategic move for the company, aiming to increase its capacity and enhance service quality in one of the fastest-growing markets in Southeast Asia.

Malaysia Set to Extend Rate Pause on Growth and Inflation Optimism

3 months ago

The central bank of Malaysia is expected to maintain its benchmark interest rate at 3% during the upcoming meeting amid growing optimism regarding the country’s economic dynamics. Recent economic data has shown positive signs, allowing authorities to revise their forecasts regarding inflation and economic growth.

Malaysia Considers Bringing Back Consumption Tax to Boost Finances

3 months ago

The Malaysian government is contemplating the possibility of reinstating a consumption tax as a means to strengthen the country's financial position and address the economic challenges that arose following the COVID-19 pandemic. The Ministry of Finance, led by Minister Tigaü Tuan, is exploring various revenue sources to stabilize the budget and ensure sustainable economic growth.

Singapore and Malaysia Deepen Diplomatic Ties through Johor Project Talks

3 months ago

Recent meetings between officials from Singapore and Malaysia mark a significant step forward in discussions regarding the comprehensive development of Johor, the Malaysian state adjacent to Singapore. Both governments are eager to enhance cooperation across various domains, including economic development, transport links, and infrastructure.

Malaysia Must Be Ready to Hike Rates to Curb Prices, OECD Says

3 months ago

According to the latest report from the Organisation for Economic Co-operation and Development (OECD), Malaysia must be prepared to increase interest rates to effectively combat the rising prices of goods and services. The importance of this step is highlighted by global economic changes that have led to heightened inflation and price instability.

Malaysia's Social Media Licensing Plan Sparks Backlash

3 months ago

Malaysia is set to introduce a new licensing policy for social media platforms, which has sparked considerable concern among users and experts in digital technology. This move is described as necessary for managing and regulating online content; however, many human rights and internet freedom advocates are opposing this plan, asserting that it could threaten freedom of speech and lead to restrictions on access to information.

Malaysia Expected to Pause Rate Hikes Through 2024 as Inflation Risks Fade

3 months ago

In light of diminishing inflation threats, analysts expect Bank Negara Malaysia to maintain its key interest rate unchanged throughout 2024. This decision reflects a growing recognition of price stability, allowing the regulator to eliminate the need for urgent rate hikes that were previously considered in response to rising economic risks.