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Velesto Energy Unit Bags US$157 Mln Contract From Petronas Carigali

KUALA LUMPUR, March 2 (Bernama) -- Velesto Energy Bhd's (VEB) indirect wholly owned subsidiary, Velesto Drilling Sdn Bhd, has secured a contract worth US$157 million from Petronas Carigali Sdn Bhd (PCSB) to provide a jack-up drilling rig for the PCSB 2026-2030 contract period.

Market Positioning May Limit Fallout On Malaysia From Middle East Conflict - Economist

KUALA LUMPUR, March 2 (Bernama) – The economic impact on Malaysia from the latest conflict in the Middle East could remain contained if tensions do not prolong, although near-term market volatility cannot be ruled out, economists said.

Economic Achievements Due To Strong Governance, Ongoing Efforts To Fight Corruption - PM

PUTRAJAYA, Feb 28 (Bernama) -- Malaysia’s recent economic achievements, including the ringgit’s performance as one of the strongest currencies in Asia, are the result of governance reforms and continuous efforts to combat corruption and misappropriation of public funds.

6.15 Pct Dividend Reflects EPF’s Robust Investment Management - PM

KUALA LUMPUR, Feb 28 (Bernama) -- The 6.15 per cent dividend declaration for both Conventional and Shariah savings for 2025 reflects the strength of the Employees Provident Fund’s (EPF) investment management and the public’s continuing confidence in the national retirement savings system, Prime Minister Datuk Seri Anwar Ibrahim said.

Google’s US$2 Bln Project Exceeding Expectations, On Track -- PM Anwar

KUALA LUMPUR, Feb 26 (Bernama) -- The progress of Google’s US$2 billion (US$1 = RM3.90) investment in Malaysia is advancing strongly and exceeding initial expectations, Prime Minister Datuk Seri Anwar Ibrahim said.

Malaysia Must Not Rely Solely On Tariff Adjustments To Be Competitive But Diversify Export Base – Economist

KUALA LUMPUR, Feb 24 (Bernama) -- Malaysia, which is largely an export-oriented nation, must not rely solely on tariff adjustments to boost its competitiveness but also diversify its export base, said economist Nadia Jalil.

Investment Inflows Among Key Issues Discussed In MITI Meeting With PM Anwar

KUALA LUMPUR, Feb 24 (Bernama) -- Investment inflows into the country were among the key issues discussed at the Ministry of Investment, Trade and Industry’s (MITI) top management meeting with Prime Minister Datuk Seri Anwar Ibrahim here today.

Government Takes Cautious Approach On ART, Protects RM367.5 Bln Malaysia-US Trade – PM Anwar

KUALA LUMPUR, Feb 24 (Bernama) -- The government will adopt a cautious approach in determining Malaysia’s position on the Agreement on Reciprocal Trade (ART) with the United States, Prime Minister Datuk Seri Anwar Ibrahim said, stressing the need to safeguard national economic and trade interests.

MIDA’s IMFC Resolves Over 44,000 Investor Cases In Two Years

KUALA LUMPUR, Feb 16 (Bernama) -- The Malaysian Investment Development Authority (MIDA) Invest Malaysia Facilitation Centre (IMFC) has resolved more than 44,000 investor cases, achieving a 99.9 per cent implementation rate within two years.

Strong Domestic Demand Boosts Malaysia’s GDP, Narrows Fiscal Deficit To 3.7 Pct - MOF

KUALA LUMPUR, Feb 13 (Bernama) -- Strong domestic demand helped Malaysia outperform expectations, lifting fourth-quarter 2025 GDP to a three-year high of 6.3 per cent and full-year growth to 5.2 per cent, above the government’s forecast, said the Ministry of Finance (MOF).

JCorp Establishes Maiden Sustainable Finance Framework

JOHOR BAHRU, Feb 10 (Bernama) -- Johor Corporation (JCorp), the principal development institution and a leading economic enabler for Johor, has established its maiden sustainable finance framework, the first of its kind by a Malaysian development institution with a diversified, multi-sector portfolio.

Malaysian Firms Urged To Tap Opportunities In Rapidly Expanding Indian Market

KUALA LUMPUR, Feb 9 (Bernama) -- Malaysian businesses are encouraged to explore opportunities across various sectors in India, including semiconductor, energy and agriculture, following the elevation of bilateral ties to a comprehensive strategic partnership in 2024.