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Economic

Bank Pembangunan Appoints Ex-Maybank Islamic Chief Muzaffar Hisham As Group CEO

KUALA LUMPUR, May 18 (Bernama) – Bank Pembangunan Malaysia Bhd (BPMB) has appointed Datuk Muzaffar Hisham as its new group chief executive officer (CEO), effective immediately.

Bubbles O2 Plans Expansion Into MENA And ASEAN Markets To Fill Halal Product Gap

By Mohd Noor Azeery Idris

KUALA LUMPUR, May 18 (BERNAMA) -- Oxygenated mineral water company, Bubbles O2 Sdn Bhd, plans to penetrate the Middle East and North Africa (MENA) and ASEAN markets, which have been identified as having a significant gap in halal product offerings.

Malaysia Eyes RM3 Mln In Sales From 3-Day Rasa Malaysia Festival In Beijing 

From Kisho Kumari Sucedaram

BEIJING, May 18 (Bernama) -- The ongoing Rasa Malaysia Festival in Beijing is expected to generate between three and five million yuan (approximately RM3 million) in revenue, with more than 50 Malaysian companies showcasing local delicacies, tropical fruits, and cultural crafts.

Malaysian Delegation In China To Boost Ties In Palm Oil Sector

KUALA LUMPUR, May 18 (Bernama) – Malaysia is strengthening its strategic trade ties with China through a week-long official mission led by Deputy Minister of Plantation and Commodities Datuk Chan Foong Hin, aimed at unlocking new market potential for palm oil and promoting innovation in downstream products.

Melaka Unemployment Rate Down To 1.8 Pct In Q4 2024 - Ab Rauf

MELAKA, May 18 (Bernama) -- The unemployment rate in Melaka for the fourth quarter (Q4) of last year dropped to 1.8 per cent, down from 2.6 per cent in 2023, Chief Minister Datuk Seri Ab Rauf Yusoh said.

ASEAN Nations Taking Steps To Establish Monetary Fund, Strengthen Regional Financial Security - Anwar

From Sharifah Hunaini Syed Ismail

KAZAN, (TATARSTAN), May 17 (Bernama) -- ASEAN countries are taking steps to revive the idea of creating their own monetary fund, said Prime Minister Datuk Seri Anwar Ibrahim.

Economic Resilience Bolsters US Investor Confidence In Malaysia -- AMCHAM

KUALA LUMPUR, May 17 (Bernama)  -- Malaysia’s economic growth of 4.4 per cent in the first quarter of 2025 (1Q 2025) is a positive indicator of resilience and broadly reflects the stable business environment experienced by members of the American Malaysian Chamber of Commerce (AMCHAM).

Socso Amnesty Programme Saves Industry RM100 Mln In Waived Charges In April - MEF

KUALA LUMPUR, May 17 (Bernama) -- The industry has saved RM100 million through the waiver of compounds and late payment charges under the Social Security Organisation (Socso) Amnesty Programme from April 1-30, 2025, said the Malaysian Employers Federation (MEF).

Malaysia Emphasises Resilience, Inclusivity In Trade At APEC MRT Meeting

From Muhammad Muzammil Abdullah

JEJU (South Korea), May 17 (Bernama) -- Malaysia today reiterated its commitment to fostering a resilient, inclusive, and future-ready trade environment during the 31st Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) Meeting, which just concluded in Jeju, South Korea. 

Abang Johari Calls For Sarawak Energy Restructuring To Support Expansion Plans

KUCHING, May 17 (Bernama) -- Sarawak Premier Tan Sri Abang Johari Tun Openg has called for the restructuring of the state-owned power generation and supply company, Sarawak Energy Bhd (SEB) to support the state's expansion in energy production and supply.

Anwar-Putin Camaraderie Seen As Strategic, Mutually Rewarding In A Polarised Global Landscape

By M. Saraswathi

KUALA LUMPUR, May 17 (Bernama) -- Datuk Seri Anwar Ibrahim’s just-ended official visit to Russia, with the highlight being the obviously cordial welcome accorded by President Vladimir Putin to the Prime Minister, certainly sends a powerful message and shows commitment at the highest levels to strengthen bilateral ties between Malaysia and Russia.

Stronger Malaysia-Russia Ties Not At Expense Of Others, Says PM Anwar

From Sharifah Hunaini Syed Ismail

KAZAN (Tatarstan) May 17 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said today that Malaysia’s growing ties with Russia should not be seen as a zero-sum game, stressing that as an open trading nation, it is vital for the country to expand partnerships broadly to protect its economic interests.