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Economic

Wilfred Madius Appointed POIC Sabah Chairman, Roger Chin As Invest Sabah Chairman

KOTA KINABALU, Dec 29 (Bernama) --Tuaran Member of Parliament Datuk Seri Wilfred Madius Tangau, who is also Tamparuli state assemblyman has been appointed Palm Oil Industrial Cluster (POIC) Sabah chairman, while former Sabah Customs director Datuk Jonathan Kandok is deputy chairman.

Maxis Fully Restores Services Affected By Tower Fire In Kuala Kangsar

KUALA LUMPUR, Dec 29 (Bernama) -- Maxis Bhd has fully restored services for customers affected by the fire incident at its telecommunications tower site in Kampung Kelebor, Kuala Kangsar, two days ago.

Malaysia, US Trade Rises To RM325.2 Bln In 2024, Driven By E&E Exports

KUALA LUMPUR, Dec 29 (Bernama) -- Malaysia’s trade performance with the United States (US) increased by 30 per cent to RM325.2 billion in 2024 despite uncertainties in the global trading landscape, according to the Department of Statistics Malaysia (DOSM). 

PNB Merdeka Ventures Appoints Izwan Hasli As CEO

KUALA LUMPUR, Dec 29 (Bernama) -- PNB Merdeka Ventures Sdn Bhd (PNBMV), the developer of the Merdeka 118 precinct in Kuala Lumpur, has appointed Datuk Ir Ts Izwan Hasli Mohd Ibrahim as its new chief executive officer (CEO), effective Jan 1, 2026.

Malaysia's PPI Down 1.8 Pct In November 2025 -- DOSM

KUALA LUMPUR, Dec 29 (Bernama) -- Malaysia’s Producer Price Index (PPI) eased further by 1.8 per cent in November 2025 from a 0.1 per cent decrease in October 2025, said the Department of Statistics Malaysia (DOSM).

Malaysia’s E-Commerce Stays Resilient, Future Growth To Focus On Service Quality

KUALA LUMPUR, Dec 29 (Bernama) -- Malaysia’s e-commerce sector remains resilient despite shifting consumer behaviour and global economic uncertainty, with the next phase of growth expected to focus more on execution than expansion, particularly in providing consistent, affordable, and reliable services.

Wuxiang New District Emerges As Engine For China-ASEAN Economic Growth

KUALA LUMPUR, Dec 29 (Bernama) -- Wuxiang New District of Nanning, the core zone of the "Nanning Channel" for China-ASEAN exchanges, is leveraging multiple national-level opening-up platforms and serving as a financial gateway orientated toward ASEAN.

Dmitry Shubov Consulting Guides Southeast Asian Legal Tech Startups Into US Market

KUALA LUMPUR, Dec 29 (Bernama) -- A new generation of legal technology entrepreneurs from Southeast Asia is looking to enter the United States (US) market as the region’s business-to-business digital commerce sector is projected to reach US$130 billion by 2026. (US$1=RM4.04)

Malaysia's 2025 Exports Hit RM1.45 Trillion As Of November

KEPALA BATAS, Dec 28 (Bernama) -- Malaysia’s export value reached RM1.45 trillion for the period of January to November this year, while total trade hit RM2.77 trillion for the same period.

Butterworth KTM Station, Air Cargo Terminal Upgrade To Drive More Balanced Development In Penang

GEORGE TOWN, Dec 28 (Bernama) -- The upgrade of Butterworth KTM Station and the expansion of the air cargo terminal at Penang International Airport could be important catalysts for achieving more balanced development between Penang Island and Seberang Perai.

Australia Eyes Increased Investment And Trade With Malaysia Next Year

KUALA LUMPUR, Dec 26  (Bernama) -- Australia is eyeing an increase in investment and trade with Malaysia next year, said Australian High Commissioner to Malaysia, Danielle Heinecke.

Tanco's Unit Appoints Hong Kong Firm To Operate Smart AI Container Port In Port Dickson

KUALA LUMPUR, Dec 26 (Bernama) -- Tanco Holdings Bhd’s 79 per cent-owned subsidiary, Midports Holdings Sdn Bhd (MHSB), has appointed Hong Kong-based Ocean Bridge International Ports Management Co Ltd (OBIPM) as the operator of the smart artificial intelligence (AI) container port project in Port Dickson.