Sarawak welcomes Singaporean investors
KUCHING: The Sarawak government has consulted with several Singaporean investors to explore investment opportunities especially in renewable energy, green energy and digital economy projects in the state. Deputy Premier, Datuk Amar Awang Tengah Ali Hasan who was in Singapore yesterday engaged with representatives from UOB Group, Eastspring Investments, TWO Family Office and Chemsains Konsultant Sdn […]
Return of Bintulu Port, green energy advantageous to state
KUCHING: Sarawak is banking on foreign investors to make a beeline to the state now that the federal government has decided to return Bintulu Port to the state. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg is optimistic given that Bintulu is equidistant from China and India. “At the same time Bintulu is a […]
Foreign investors net sell RM27.7 mln worth of Malaysian stocks
KUALA LUMPUR: Foreign investors remained net sellers of local stocks on Bursa Malaysia last week, at RM27.7 million, marking a much slower net outflow compared to RM113.5 million the week before, said MIDF Research. The net selling on Monday and Tuesday last week could not reverse the net buying thereafter, said MIDF Research in its […]
Foreign investors continue buying spreefor 4th consecutive week
KUALA LUMPUR: Foreign investors continued their net buying on Bursa Malaysia for the fourth consecutive week last week, albeit at a more moderate rate of RM130.5 million. In its Fund Flow Report, MIDF Research said trading for the week ended Aug 4 was mixed, with inflows recorded on Monday at RM280.9 million and Friday at […]
Economy somewhat out of the woods: Economist
KUALA LUMPUR: Prominent economist Anthony Dass believes that Malaysia’s economy has “somewhat come out of the woods”, thanks to the clear governance, better confidence from domestic consumers and businesses, and improving engagement with foreign investors and the local business community by Prime Minister Datuk Seri Anwar Ibrahim. Dass said the cost of living and the […]
S’wak move to privatise its ports to attract foreign investors
SIBU: The Sarawak government plans to consolidate and later privatise its five state ports for greater efficiency and attract foreign investments. Deputy Minister of Infrastructure and Port Development Datuk Majang Renggi said the ports are Miri Port, Samalaju Port, Rajang Port, Tanjung Manis Port and Kuching Port. “Under my ministry, there is a plan to […]
US interest rate to continue influencing ringgit’s movement next week
KUALA LUMPUR: The United State’s (US) interest rate will influence the ringgit’s movement next week, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid. He added the US interest rate would continue to be the focus in the market and dominate foreign exchange markets. “As such, ringgit is seen to be shifting around […]
Wooing foreign investors
By Jacintha Jolene & Fasiha Khushiri KUCHING: Sarawak is currently inviting interested foreign direct investors globally to invest in the field of hydrogen energy in the state. Deputy Minister of Energy and Environmental Sustainability Dr Hazland Abang Hipni said two companies from Korea and Japan had confirmed their plans to set up their hydrogen plants here. […]
Foreign fund outflows accelerate to RM320.3 mln last week
KUALA LUMPUR: The foreign fund outflow on Bursa Malaysia accelerated last week as foreign investors disposed of RM320.3 million worth of Malaysian equities, compared to net sales of RM61.5 million in the preceding week, marking the fourth consecutive week of outflows. In its weekly Fund Flow Report today, MIDF Amanah Investment Bank Bhd (MIDF) said […]
Bintulu, a potential capital economic hub
BINTULU: Bintulu is capable of becoming the capital economic hub of Sarawak and Malaysia as a whole for its ability to convince foreign investors to invest in the country, said Utilities Minister Datuk Seri Dr Stephen Rundi Utom. The Kemena incumbent said Bintulu plays an important role in attracting investors due to its flourishing industrial […]
