KUALA LUMPUR: The following are the economic highlights of the 13th Malaysia Plan (13MP) 2026-2030 which was tabled by Prime Minister Datuk Seri Anwar Ibrahim in Parliament today, with the theme "Melakar Semua Pembangunan” (Redesigning Development).” - Investments of RM611 billion required to successfully implement 13MP - Development allocation from the government is estimated at RM430 billion, with RM227 billion to be...
SHANGHAI: (Bernama-Xinhua) The rapid evolution of China's new energy vehicle (NEV) sector is driving multinational corporations to restructure their China strategies, prompting some to scale up local investments across research and development (R&D), production and supply chains, Xinhua reported. German chemical giant BASF earlier this week announced a 500-million-yuan (about US$69.3 million) investment for the expansion...
KUALA LUMPUR: His Majesty Sultan Ibrahim, King of Malaysia has lauded the country’s economic performance, urging for its benefits to be enjoyed by all the people and not just certain groups. His Majesty also congratulated Prime Minister Datuk Seri Anwar Ibrahim and the government on Malaysia's achievements. “I hope this will continue improving. "However, the government must ensure...
KUALA LUMPUR: Malaysia has successfully recorded a total approved investment of RM254.7 bil across various economic sectors during the first nine months of this year. Prime Minister Datuk Seri Anwar Ibrahim said this represents a 10.7% increase compared to RM230.2bil recorded in the same period in 2023. He added that the investment figure involves 4,753 projects, expected...
KULAI: The success of the Kulai Fast Lane and the adoption of artificial intelligence (AI) by the Kulai Municipal Council (MPKu) should be emulated by other local authorities to improve service quality. Chief Secretary to the Government Datuk Seri Shamsul Azri Abu Bakar said it was one of the reform initiatives that can improve the delivery...
SHAH ALAM: A retiree lost almost five million ringgit after she was duped to invest her life savings in an investment scam. In a statement on Thursday (June 6), Shah Alam OCPD Asst Comm Mohd Iqbal Ibrahim said the victim, aged 63, had started investing her money after she responded to an advertisement on Facebook. "She was...
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has arrested a company director and a law firm owner on suspicion of submitting false information related to foreign currency investments, totalling approximately RM38mil. Sources indicate that the two men, both in their 50s, are suspected of submitting false information, including investment plans, insurance protection schemes and weekly reports,...
SHAH ALAM: The Employees Provident Fund (EPF) recorded RM66.99bil in total investment income for the financial year ended Dec 31, 2023 – which is a 29% year-on-year increase from the RM51.91bil reported in 2022. The total investment income was reported after netting off equity write-downs. Of the RM66.99bil in total investment income, RM5.72bil was generated from mark-to-market...
TV personality and founder of hedge fund Cramer & Co. Jim Cramer called the decline in Bitcoin a “nasty beginning to the sell-off”. In his post in X on Jan. 19, Cramer doubted the prospects for further growth of the first cryptocurrency. As an argument, he noted that an asset cannot double in price by hundreds...
KOTA KINABALU: Sabah welcomes foreign investors to explore collaboration opportunities in the state. Chief Minister Datuk Seri Hajiji Noor said Sabah is rich with natural resources and other industries that can be tapped into with government-linked companies or the private sector in the state. “We hope to get more foreign investments and attract interests from investors to...
