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ASEAN, GCC And China - A New Power Bloc Of The Global South

From Kisho Kumari Sucedaram

BEIJING, May 27 (Bernama) -- As the global economic uncertainty rages on following the United States’ (US) sweeping tariffs, China sees the inaugural ASEAN-Gulf Cooperation Council (GCC)-China Summit in Kuala Lumpur today not merely as a diplomatic gathering but a pivotal moment in the rise of the Global South. 

Malaysia Signs Deal To Initiate Trade Talks With GCC, Eyes Expansion Of Businesses -- Tengku Zafrul

By Vikneswaran Raman

KUALA LUMPUR, May 26 (Bernama) — Malaysia has set its sights on expanding trade with the oil-rich Gulf Cooperation Council (GCC) countries after signing a joint statement to initiate negotiations on a Malaysia-GCC Free Trade Agreement (MGFTA) today.

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.

Saudi Arabia Expands Foreign Market Access With Offshore Securities Licence

KUALA LUMPUR, May 26 (Bernama) -- Over the past decade, Saudi Arabia’s Capital Market Authority (CMA) has steadily opened its financial markets to global investors, attracting foreign holdings of nearly 423 billion Saudi riyals by the end of 2024. (100 Saudi riyals = RM112.50)

MIA Calls On Accountants To Lead Cross-Sector Collaboration For Sustainable Future 

KUALA LUMPUR, May 26 (Bernama) -- The Malaysian Institute of Accountants (MIA) encourages accountants to take the lead in fostering  collaboration across sectors and borders in pursuit of a sustainable and inclusive future. 

Manufacturing Industry Capacity Utilisation Reaches 81.8 Pct In 1Q 2025

KUALA LUMPUR, May 26 (Bernama) -- Malaysia’s manufacturing industry capacity utilisation reached 81.8 per cent in the first quarter of 2025 (1Q 2025), increasing 1.0 percentage points from the 80.08 per cent recorded in the same quarter of the preceding year, said the Department of Statistics Malaysia (DOSM).

Malaysia’s Leading Index Rises 0.6 Pct In March, Signalling Continued Growth - MIDF

KUALA LUMPUR, May 26 (Bernama) -- Malaysia’s economy is expected to maintain its growth trajectory, albeit at a more moderate pace, supported by solid economic fundamentals, said MIDF Amanah Investment Bank Bhd.

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.

ASEAN Economy To Expand at 4.7 Pct In 2025 - Tengku Zafrul

By Anas Abu Hassan

KUALA LUMPUR, May 25 (Bernama) -- The collective ASEAN gross domestic product (GDP) is projected to grow at 4.7 per cent in 2025 as compared to 4.2 per cent last year, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

ASEAN Wraps Up Trade Upgrade Negotiations With China And Within Bloc To Boost Growth

KUALA LUMPUR, May 25 (Bernama) -- ASEAN Economic Ministers have concluded negotiations for the ASEAN-China Free Trade Area (ACFTA) 3.0 upgrade alongside the completion of the upgraded ASEAN Trade in Goods Agreement (ATIGA), a major step forward for deeper economic integration and growth.

Sabah's Strategic Ascent: Becoming A Beacon Of Economic Power, Sustainable Growth

By Siti Radziah Hamzah

KUALA LUMPUR, May 25 (Bernama) -- Amid global economic shifts, Sabah is making deliberate, calculated moves to position itself not just as a regional player, but as a formidable force in global trade and sustainability.

Philadelphia Insurance Companies Wins Duck Creek Award For Digital Innovation In P&C Insurance

KUALA LUMPUR, May 23 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has honoured Philadelphia Insurance Companies (PHLY) with its 2025 Standard of Excellence Customer Award at Formation ’25, held in Orlando, Florida.