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Snowflake Sees Malaysia As Top Destination, Important ASEAN Economy For Expansion

From Nor Baizura Basri

SAN FRANCISCO, June 2 (Bernama) -- Snowflake, a global cloud computing company, views Malaysia as one of its top priority markets and among the most important economies in ASEAN for expanding operations, especially amid rising interest from the world’s top companies looking to invest in open data and data centres in the country.

Concerns Over US Fiscal Position Dampen The Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, May 30 (Bernama) -- The US dollar continues to weaken, pressured by concerns over the United States (US) fiscal outlook, including rising debt, widening deficits and increased government spending, alongside trade tensions and shifting global investments.

CIMB Records RM1.97 Bln Net Profit In 1Q FY2025

KUALA LUMPUR, May 30 (Bernama) -- CIMB Group Holdings Bhd’s net profit rose 9.6 per cent to RM1.97 billion in the first quarter of financial year ending Dec 31, 2025 (1Q FY2025) from RM1.94 billion in the same period a year ago.

Rubber Market Ends Slightly Higher

KUALA LUMPUR, May 29 (Bernama) -- The Malaysian rubber market ended slightly higher, supported by gains in crude oil prices.

Rubber Market Reverses Gains, Tracks Regional Losses

By Siti Noor Afera Abu

KUALA LUMPUR, May 28 (Bernama) -- The Malaysian rubber market snapped previous gains to close lower, following losses in regional rubber futures markets.

ASEAN-GCC-China Summit Reflects Success In Reshaping Cooperation Amid Multipolar World

KUALA LUMPUR, May 27 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim described the  organisation of the ASEAN-Gulf Cooperation Council (GCC)-China Summit, which will take place for the first time today, as a success in reshaping the cooperation framework in line with the realities of today's multipolar world.

ASEAN Adopts Ambitious Economic Plan To Make Next Leap, Renews Quest For A Single Market

A Commentary By M.Saraswathi

KUALA LUMPUR, May 26 (Bernama) -- The leaders of Southeast Asia’s 10-member grouping have adopted an ambitious new economic strategy that envisions a developed ASEAN as the epicentre of growth in the larger Asia-Pacific region, elevating its stature to emerge as the world’s fourth-largest economy.

Asia Digital Engineering Secures Maintenance, Repair Certifications From FAA, EASA

KUALA LUMPUR, May 26 (Bernama) -- Asia Digital Engineering Sdn Bhd (ADE), the maintenance, repair and overhaul (MRO) arm of Capital A Bhd, has been awarded certifications from the United States Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA).

Malaysia, Laos Forge Strategic Rail-Sea Trade Link

PUTRAJAYA, May 25 (Bernama) -- Laos and Malaysia have established a partnership to boost cross-border trade via rail and sea with the exchange of a Memorandum of Cooperation (MoC) between Penang Port Sdn Bhd (PPSB) and Thanaleng Dry Port (TDP) here today.

PM Anwar: Malaysian Banks’ Presence In Laos Reflects Strong Investor Confidence

KUALA LUMPUR, May 25 (Bernama) -- The presence of four major Malaysian banks in the Lao People’s Democratic Republic (Lao PDR) reflects strong investor confidence in the country’s political stability and attractive policies, particularly the way the central bank manages its financial institutions, said Prime Minister Datuk Seri Anwar Ibrahim.

US Tariffs Could Cost Malaysia Up To 4 Pct Of Solar Panel Export Value

KUALA LUMPUR, May 25 (Bernama) --  Malaysia could lose up to four per cent of the export value of its solar panels if the United States (US) proceeds with its proposed tariffs on solar panel product imports, according to industry observers. 

Rest N Go Eyes Indonesian Market For Next Phase Of ASEAN Expansion

By Nurhafizah Tan

KUALA LUMPUR, May 23 (Bernama) -- Malaysian self-service massage chair provider Rest N Go is planning to expand into Indonesia, marking the next phase of its growth strategy across the Southeast Asia region.