Creating its own semiconductor ecosystem is crucial for Malaysia to move up the value chain and be able to source local semiconductor chips to data centres, says Economy Minister Rafizi Ramli.
He highlighted that instead of relying on imported chips, Malaysia has to focus on developing its own semiconductor design capabilities.
With that in mind, Rafizi stated that the federal government’s strategic direction is to now enhance the entire semiconductor ecosystem, ...

Malaysia’s 2023 nominal gross domestic product (GDP) amounted to RM1.8 trillion, said the Department of Statistics Malaysia (DOSM).
Growth moderated to 1.6 per cent from the double-digit 15.9 per cent in 2022.
In a statement, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that despite the moderated performance, the economy remained resilient, particularly through private final consumption expenditure, which increased 6.7 per cent....

Energy services firm Uzma Bhd (KL:UZMA) said on Friday it is working with two companies operating in Papua New Guinea to sell hydrocarbon fuel and products.
Uzma’s 51%-owned subsidiary, Jannatul Firdaus International Sdn Bhd, signed an expression of interest with refined petroleum products company Arafura Energies Ltd and services firm Australian Niugini Services (ANS) for the venture, the company said in an exchange filing.
"The hydrocarbon fuel s...

Last month, Kinergy Advancement Berhad (KAB) announced a collaboration with Permodalan Kedah Bhd (PKB) to develop various energy generation projects across Malaysia, focusing primarily on the state of Kedah.
Today, KAB has taken another significant step by forming a strategic collaboration with Johor Corporation (JCorp), the principal development institution driving Johor state's economic growth. This...

Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 1.4 per cent year-on-year (y-o-y) in May 2024, from 1.9 in the previous month, said the Department of Statistics Malaysia (DoSM).
In the latest monthly PPI Local Production for May 2024 report, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said all sectors registered an increase in May 2024, similar to the previous month.
...

Berjaya Corp Bhd (KL:BJCORP) said on Tuesday it has signed separate agreements with two Chinese firms to explore sales collaboration in Malaysia and Southeast Asia.
The company will explore using its distribution network in Malaysia to boost the reach of home appliance maker Skyworth Group Co Ltd, Berjaya Corp said in a statement. The collaboration may also lead to the implementation of residential...

Yong Tai Berhad (YTB) is on the brink of something big. With a new collaboration with Sichuan Tourism Investment Group and the excitement around their tourism ambassador, Fan Bingbing, this is a stock you don’t want to miss out on.
Here’s why YTB is set to be a game-changer in Malaysia’s cultural tourism sector and a potential goldmine for investors:
YTB has teamed up with STIG, a major state-owned enterprise from Sichuan, China. This partnership i...

Malaysia’s property market is poised to remain stable in 2024, followed by sustained growth in the next three years, bolstered by various initiatives of the MADANI government under Budget 2024, said Housing and Local Government Minister Nga Kor Ming.
The minister said the property market has demonstrated significant growth and resilience, with individual property counters experiencing up to 600 per cent growth...