Economy

KUALA LUMPUR: Malaysia's Foreign Trade Development Corporation (MATRADE) trade mission to Egypt and Libya successfully generated sales reaching RM250 million involving more than 180 business meetings. Berita Harian reports, the Export…

Johor Bahru:  (15 May 2024)—Panduit, a global leader and manufacturer of cutting-edge electrical and network infrastructure solutions, proudly announces the opening of its new state-of-the-art manufacturing facility in Johor Bahru,…

Seremban, Negeri Sembilan:  15 May 2024 - Sandvik announces the inauguration of its new production unit in Malaysia dedicated to manufacturing underground load and haul equipment. This expansion marks a significant milestone for the…

FRANKFURT, GERMANY – 15 MAY 2024: Malaysia Convention & Exhibition Bureau (MyCEB) participates in the IMEX Frankfurt tradeshow, taking place from the 14-16 May 2024. Joining the national bureau are 13 co-exhibitors including state…

KUALA LUMPUR: The ringgit is expected to trade cautiously against the US dollar next week as traders seek new clues from more substantial economic data. Dr Mohd Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, said…

MANILA: The Philippines says it is open to expanding partnerships with Saudi Arabia in its top priority sectors, including renewable energy and the halal industry. The use of renewable energy was announced as the main issue in the…

PUTRAJAYA, May 3 — In reaction to a widely reported event on social media on April 28, the Road Transport Department (RTD) has issued a recall notice for 600 units of Chery's Omoda 5 model vehicles, effective immediately. The RTD…

Saudi energy giant ACWA Power has secured an $80 million equity bridge loan from the Bank of China for its Uzbekistan initiatives. According to an official press release, the payment is split equally between Chinese yuan and US dollars,…

The International Monetary Fund has raised its expectations for Saudi Arabia’s economic growth in 2025 to 6 percent – up from 5.5 percent predicted earlier this year. In its latest report, the IMF also noted that the Kingdom’s output …

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would herald a new era of strategic and commercial partnerships between the two long-time…