FashionValet showed potential at the time, says Amir Hamzah

KUALA LUMPUR: FashionValet Sdn Bhd was seen as a company with potential in the e-commerce space when Khazanah Nasional Bhd made its investment, says Finance Minister II Datuk Seri Amir Hamzah Azizan. "The digital economy was an important core for Malaysia's development, right from the time of the Multimedia Super Corridor with emphasis on the development...

FashionValet showed potential at the time, says Amir Hamzah

KUALA LUMPUR: FashionValet Sdn Bhd was seen as a company with potential in the e-commerce space when Khazanah Nasional Bhd made its investment, says Finance Minister II Datuk Seri Amir Hamzah Azizan. "The digital economy was an important core for Malaysia's development, right from the time of the Multimedia Super Corridor with emphasis on the development...

Construction site supervisor loses over RM100,000 to non-existent investment scam

KUALA TERENGGANU: A construction site supervisor has fallen victim to an investment scam, losing RM118,800 after being lured into a non-existent scheme through the "ATS Pro" application. Kuala Terengganu OCPD Asst Comm Azli Mohd Noor said the 39-year-old victim came across the application when an unknown individual added it to a WhatsApp group on April 21. Intrigued...

Public Mutual declares RM94mil distributions for seven funds

KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd has declared distributions of over RM94mil for seven funds. In a statement, Public Mutual said the gross distributions declared are 5.50 sen per unit for Public Islamic Income Fund, 4.50 sen per unit for Public e-Income Fund, 4.25 sen per unit for Public Bond Fund and...

Sabah eager to welcome more Chinese investors

KOTA KINABALU: Sabah is committed to strengthening its relations with China across various sectors to attract more investors, says Datuk Seri Hajiji Noor. “I hope more investors from China will come to the state as we welcome their presence,” said the Chief Minister when receiving a courtesy call from the Chinese Ambassador to Malaysia, Ouyang Yujing,...

BlackRock investments in Malaysia reach RM27.5bil, withdrawal will have negative implications

KUALA LUMPUR: The withdrawal of BlackRock's investment from Malaysia, if it happens, will have implications and negative impacts on efforts to realise the country's investment agenda, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz. BlackRock is a shareholder in various listed companies worldwide, including sovereign funds from Saudi Arabia, the United...

Anwar meets with Fujifilm delegation to discuss investment plans in healthcare

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim on Tuesday (June 4) received a courtesy visit from Hidetoshi Ilzawa, the Chief Executive Officer and President of Fujifilm Healthcare Americas Corporation (Fujifilm), along with his delegation. In a Facebook post, Anwar shared that the meeting focused on potential investments and support Fujifilm could offer Malaysia's healthcare sector,...

Anwar to announce key strategies to uplift M’sia’s semiconductor sector, says Tengku Zafrul

KUALA LUMPUR: Tengku Datuk Seri Zafrul Abdul Aziz announced on Tuesday (May 28) that new key initiatives will be unveiled to enhance the global footprint of Malaysia's semiconductor sector. The Investment, Trade, and Industry Minister said Prime Minister Datuk Seri Anwar Ibrahim will make the announcement on Tuesday afternoon at SemiCon South-East Asia 2024. "It will be...

M’sia and Qatar forge stronger ties

DOHA: Malaysia and Qatar have agreed to enhance investment cooperation between the two countries in the coming years, says Prime Minister Datuk Seri Anwar Ibrahim. He said the understanding was reached when he met the Emir of Qatar Sheikh Tamim bin Hamad Al Thani, and was later mentioned in depth during a meeting with his counterpart,...

Saudi-based ACWA Power keen on investing over RM47bil in Malaysia

RIYADH: Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than US$10bil (RM47.6bil) in Malaysia over a 10-year period in collaboration with Cypark Resources Bhd. This was conveyed by ACWA Power chairman Mohammad A. Abunayyan when he paid a courtesy call on Prime Minister Datuk Seri Anwar Ibrahim on the sidelines of...