Tag: MALAYSIA
Fraud and Fortune: Minority Shareholders Launch Legal Battle Against YNH Property Bhd Directors!
Minority shareholders of YNH Property Bhd are rallying to file a monumental lawsuit against the company's directors for alleged fraudulent activities and embezzlement. Stemming from the notorious YU Syndicate, this case could reshape Malaysia's corporate accountability landscape. Get the full scoop on the scandal and the shareholders' fight for justice.
PETRONAS inks MoU with Philippines’ Phoenix Petroleum
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream...
Malaysia exports rise 9.8% to RM204.99bil in Feb
KUALA LUMPUR: From the same month the year before, Malaysia's exports increased by 11% to RM204.99 billion in February 2023. With both export and...
Malaysian banks rating intact despite US bank failures – RAM Ratings
The bankruptcy of the Silicon Valley Bank (SVB) and two other smaller banks last week has little bearing on the ratings of Malaysian institutions,...
Maybank introduces financing solution for EV, hybrid users
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has unveiled a groundbreaking integrated auto finance solution that addresses all facets of owning an electric vehicle (EV)...
Three nations to be largest sovereign sukuk issuers
KUALA LUMPUR: According to Moody's Investors Service, Malaysia, Indonesia, and Turkiye will overtake Saudi Arabia. As the leading sovereign issuers in 2023–2024. Which had...
Malaysia’s palm oil stocks slide 6.56% in Feb
KUALA LUMPUR: The Malaysian Palm Oil Board reported that the country's overall palm oil stockpiles decreased by 6.56% to 2.11 million tonnes in February...
Malaysia Banks to be held up by resilient earnings
PETALING JAYA: As investors seek refuge in better yielding stocks amid recessionary fears, banks may notice an increase in interest.
Despite the fact that financial...
Malaysia attracts RM264.6bil approved investments in 2022, 2nd largest ever recorded: Tengku Zafrul.
KUALA LUMPUR: In 2022, Malaysia will have approved RM264.6 billion worth of investments. With the services sector taking the lion's share of the market,...
MBSB Bank, Prec ink pact to drive cashless business transactions among SMEs
PKNS Real Estate Sdn Bhd (Prec) and MBSB Bank Bhd (MBSB) have signed a memorandum of understanding (MoU) to work together. To promote cashless...
EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia
KUALA LUMPUR: Following the Ministry of International Trade and Industry's (Miti) approval of Tesla's application to import battery electric vehicles (BEVs) into Malaysia. The...
China investment will boost green economy in Malaysia, says biz leader
IPOH: According to a prominent member of the business community. Increased Chinese investment will aid Malaysia in its transition to low-carbon development.
According to Datuk...
Malaysia’s total trade up 8.6% to RM236bil in December 2022
Malaysia’s total trade for December 2022 amounted to RM236.0 billion. An increase of 8.6 per cent year-on-year (y-o-y). With exports rising 6.0 per cent...
YNH property’s latest RM 500 million asset sale exposed as Fraudulent
YNH Property's RM500 million asset sale is exposed as shareholder fraud, involving false claims of independence between ALX Assets Berhad and YNH Property Bhd. The YU Syndicate is suspected of involvement in this fraudulent deal.
Indonesia’s Asean presidency to focus on economic growth, says senior minister Airlangga Hartarto
Jakarta Indonesia: According to a senior economic minister, Indonesia's leadership of Asean in 2023 will primarily be focus on fostering sustainable growth in the...
Rapid Synergy Bhd snubs Malaysia Security Commission in a cover-up
Rapid Synergy Bhd's executive director, YU KUAN CHON, deceives the Malaysia Security Commission, hiding CHAN WENG FUI's status as a related party and employee, breaching regulations and risking company delisting.
EU to mobilise RM47bil for Asean investments
PETALING JAYA: The European Union (EU) and its member states have announced a mobilization of €10 billion (US$10.59 billion or RM47.04 billion). As part...
Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul
KUALA LUMPUR: According to Tengku Datuk Seri Zafrul Abdul Aziz, Minister of International Trade and Industry, Chile's decision to ratify the Comprehensive and Progressive...
Malaysia consumer sector expected to remain robust
PETALING JAYA: The consumer sector will continue to grow well, Due to strong domestic demand and supply chain enhancements. That will make restocking operations...
Global semiconductor equipment sales to hit record US$108.5bil this year
PETALING JAYA: The Semiconductor Equipment Manufacturers Industry, based in the US. Predicts that global sales of all semiconductor manufacturing equipment by original equipment manufacturers...
Malaysian economy relatively resilient in 2023, says ICAEW
PETALING JAYA: The Institute of Chartered Accountants in England and Wales forecasts a bleak start for Asian economies in 2023. But it won't last...
RHB Bank on course to meet KPI targets
Despite the difficult operating environment, RHB Bank Bhd is on pace to achieve the majority of its key performance indicator (KPI) targets for the...
KLCI falls as investors take profit, ringgit at 4.4760
On Friday, the Ringgit increased its advances and reached a three-month high. At 5 pm, the local currency was trading at 4.4760, up 0.43%...
BNM issues exposure draft on licensing framework for DITOs
Following the release of the discussion paper earlier this year. Bank Negara Malaysia (BNM) today released the exposure draft on the licensing and regulatory...
Budget 2023 will be among the focus for the 15th Malaysian parliament session
KUALA LUMPUR: Before Budget 2023, the first topic to be debate in the Parliament session will be important. The parliment debate under Prime Minister Datuk...
Boustead Plantations expects continued volatility in palm oil prices
KUALA LUMPUR: Boustead Plantations Bhd stated that due to high stock levels in Malaysia and Indonesia, palm oil prices are projected to be highly...
Malaysian banks’ loan growth to stay at 5-6% in 2023 on economic stability, says...
S&P Global Ratings anticipates that the Malaysian banking sector will continue to expand loans at a rate of 5% to 6% in 2023 as...
Brunei gets top ranking for business regulation from top international economic freedom survey
BANDAR SERI BEGAWAN: Brunei has performed very well in regulation and secured second ranking globally. According to the Canadian conservative think tank, Fraser Institute’s...
Telenor and Axiata win key approval for multi-billion dollar Malaysia tie-up
OSLO: Malaysian telecoms firm Axiata Group and Norway's Telenor ASA have been given clearance from the Securities Commission Malaysia for the proposed merger of...
Malaysia unlikely to go into recession due to economic diversification
KUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy. Which is less dependent on...
Franchise sales to increase to RM23bil by 2025
PETALING JAYA: Malaysia’s franchise industry is expected to see its sales value increase to RM22.66bil by 2025 from RM14.65bil in 2020, says Prime Minister...
Malaysia end-August palm oil stocks hit 2 million tonnes for first time in 2...
KUALA LUMPUR: Malaysia's palm oil inventories in end-August likely swelled above 2 million tonnes for the first time in more than two years lifted...
Standard Chartered Malaysia Launches SmartStocks
KUALA LUMPUR: Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform. Bringing clients the convenience of trading on 12 exchanges across...
Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022 period
KUALA LUMPUR: Malaysia has attracted RM123.3 billion (US$28.0 billion) worth of approved investments in the manufacturing, services, and primary sectors involving 1,714 projects from...
Banks in Malaysia benefit from a competitive economy- Moody’s
Malaysian banks that have an A3 stable outlook are receiving an advantage of a diversified and developing economy. Economic diversification and a competitive environment...
