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Malaysia’s Aerospace Workforce Exceeds 35,000 In 2025, Surpassing MAIB 2030 Target

SHAH ALAM, May 22 (Bernama) -- Malaysia’s aerospace, maintenance, repair and overhaul (MRO) and manufacturing sectors have employed more than 35,000 highly skilled workers in 2025, exceeding the initial target of over 30,000 by 2030 set under the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030).

Chinese Company Strengthens Perak’s Automotive Industry With RM160 Mln Investment - Saarani

IPOH, May 22 (Bernama) -- Chinese automotive component manufacturer Yantai Yatong Precision Mechanical Corporation is investing RM160 million to set up a new factory in Perak, further strengthening the state’s position as a growing automotive industry hub.

ADB Visit Underscores Labuan’s Role As O&G, Financial Services Gateway

By Jailani Hasan

LABUAN, May 22 (Bernama) -- The Asian Development Bank’s (ADB) official visit to Labuan has renewed attention on the duty-free island’s strategic economic position as an offshore oil and gas support base, international financial centre and maritime gateway.

TH Plantations’ Net Profit Eases To RM11.62 Mln In 1Q 2026

KUALA LUMPUR, May 21 (Bernama) -- TH Plantations Bhd’s net profit eased by 9.49 per cent to RM11.62 million in the first quarter ended March 31, 2026 (1Q 2026) compared with RM12.84 million in the same period last year.

Thailand’s Asian Re Retains Good Credit Ratings - AM Best

KUALA LUMPUR, May 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” (Good) of Thailand’s Asian Reinsurance Corporation (Asian Re).

AM Best Affirms Taiwan’s Union Excellent Credit Ratings

KUALA LUMPUR, May 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Taiwan’s Union Insurance Company Limited (Union).

EIG’s MidOcean Energy Secures US$120 Mln Investment From The Arab Energy Fund

KUALA LUMPUR, May 21 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, has secured a US$120 million equity investment from The Arab Energy Fund (TAEF) as part of its ongoing capital raise. (US$1=RM3.96)

Malaysia’s April Trade Hits Record RM336.73 Bln On Strong E&E Exports - MITI

KUALA LUMPUR, May 20 (Bernama) -- Malaysia’s trade rose 28.6 per cent year-on-year (y-o-y) to a record RM336.73 billion in April 2026, driven mainly by strong exports of electrical and electronic (E&E) products, according to the Ministry of Investment, Trade and Industry (MITI).

Amii’s Upper Bound Opens With 53 Pct Attendance Surge

KUALA LUMPUR, May 20 (Bernama) -- Alberta Machine Intelligence Institute (Amii) has opened the fifth edition of its Upper Bound artificial intelligence (AI) conference in Edmonton, Canada, reporting a 53 per cent year-on-year increase in attendance.

Bursa Malaysia Opens Lower Tracking Wall Street’s Weaker Performance

KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia opened lower today, tracking Wall Street’s weaker performance overnight as bond yields soared over concerns that recent high inflationary data may force the US Federal Reserve to hike rates.

NIF To Support Malaysia’s Long-Term Economic Goals - MIDA

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, May 19 (Bernama) -- The New Incentive Framework (NIF) reflects a broader shift towards encouraging investments that contribute more meaningfully to Malaysia’s long-term economic priorities, according to Malaysian Investment Development Authority (MIDA).

Automotive Industry’s TIV Rises 14 Pct To 72,113 Units In April

KUALA LUMPUR, May 19 (Bernama) -- Malaysia’s automotive industry recorded a 14 per cent increase in total industry volume (TIV) to 72,113 vehicles in April 2026 compared to the preceding month.