Economic

MIMOS Forges Partnership With Universiti Brunei Darussalam To Advance Deep-Tech Agenda

KUALA LUMPUR, May 5 (Bernama) -- MIMOS International Venture Sdn Bhd (MIVSB) has formalised a strategic partnership with Universiti Brunei Darussalam (UBD) to advance Malaysia’s deep-tech agenda and accelerate regional commercialisation.

PDC, MAHB Approve Formation Of Joint Venture Company To Implement PILA Project

GEORGE TOWN, May 5 (Bernama) -- The Penang Development Corporation (PDC) and Malaysia Airports Holdings Bhd (MAHB) have approved the setting up of a joint venture company, Syarikat Usahasama PILA Sdn Bhd, to implement the Penang International Logistics Aeropark (PILA) project.

Jumio Launches Continuous Identity Risk Monitoring Solution

KUALA LUMPUR, May 5 (Bernama) -- Jumio, an artificial intelligence (AI)-powered identity intelligence provider, has launched Jumio Watch, a continuous identity intelligence solution designed to improve how organisations manage identity risk.

Malaysia Sees No Major Energy, Raw Material Risk To Semiconductor Industry -- Johari

KUALA LUMPUR, May 5 (Bernama) -- Malaysia does not see energy supply or raw material shortages as a major risk to its semiconductor industry at this stage, supported by its status as a net gas exporter, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.

Malaysia Welcomes Embraer's Interest To Explore Opportunities, Including Potential Assembly Operations - Johari

KUALA LUMPUR, May 4 (Bernama) -- Malaysia welcomes Brazilian aerospace company Embraer’s interest in exploring opportunities in the country, including the potential establishment of assembly operations, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.

Indonesia Plans Export Duties, Windfall Tax On Coal And Nickel To Ease Subsidy Burden

JAKARTA, May 4 (Bernama) -- Indonesia plans to introduce export duties and a windfall tax on coal and nickel as part of efforts to offset rising subsidy costs in the national budget.

Japan, Malaysia Must Work Even Closer To Elevate Industrial Cooperation -- Envoy

KUALA LUMPUR, May 4 (Bernama) -- Japan and Malaysia must work even more closely to elevate industrial cooperation, seize new opportunities and build resilience in an uncertain global environment.

SCIB Gets Shareholder Nod For RM151.19 Mln Disposal Exercise

KUALA LUMPUR, May 4 (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB) has obtained shareholders’ approval for a strategic divestment exercise with a total potential value of RM151.19 million at its extraordinary general meeting (EGM).

Malaysia’s GDP Seen To Moderate To 4.2 Pct In 2026 -- MBSB IB

KUALA LUMPUR, May 4 (Bernama) -- Malaysia’s gross domestic product (GDP) growth is likely to moderate to 4.2 per cent this year, compared with 5.2 per cent in 2025, driven by growing domestic demand alongside still-resilient external demand, according to MBSB Investment Bank Bhd (MBSB IB).

AGC Biologics Expands Deal With Novelty Nobility For Antibody Production

KUALA LUMPUR, May 4 (Bernama) -- AGC Biologics, a global biopharmaceutical contract development and manufacturing organisation (CDMO), has expanded its manufacturing agreement with South Korea-based biotech company Novelty Nobility to advance a bispecific antibody drug candidate.

Malaysia's Near-term Manufacturing Outlook Remains Firm -- Kenanga Investment

KUALA LUMPUR, May 4 (Bernama) -- Malaysia’s manufacturing purchasing managers’ index (PMI), which rose to 51.6 in April 2026, signals a firm near-term outlook driven mainly by precautionary stockpiling rather than strong end-demand, said Kenanga Investment Bank Bhd.

Company Secretary Fined RM50,000 For AMLA Breaches, Submitting False Information

KUALA LUMPUR, May 4 (Bernama) -- A company secretary has been fined RM50,000 for anti-money laundering violations and for providing false information to the Registrar of Companies.