Malaysia gains prominence as investment destination due to political stability: Anwar
MELAKA: Prime Minister Datuk Seri Anwar Ibrahim said Malaysia has gained world attention as a premier investment destination due to its political stability and clear economic policies. Anwar said policies such as the Digital Transformation, National Energy Transition Roadmap and New Industrial Master Plan 2030 are helping investors see the country’s strengths. “Malaysia is now […]
Ministry launches investment, financing guidelines for public varsities
KUALA LUMPUR: The Ministry of Higher Education (MoHE) yesterday launched Investment and Financing Guidelines for Public Universities 2024 as a reference for universities to enhance their management and income generation. Minister Datuk Seri Dr Zambry Abd Kadir said it is an update and improvement of the existing guidelines used since 2004 and developed based on […]
SBF drives investments in Sarawak
BY JAMES WONG & JACINTHA JOLENE KUCHING: The Sarawak Business Federation (SBF) will continue to serve as a platform for promoting investments, including both Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI). SBF President Datuk Seri Abang Abdul Karim Tun Openg stated that the federation is actively exploring opportunities with neighbouring regions and international […]
Capitalise on investment growth, Awang Tengah urges MSMEs
KUCHING: Sarawak’s domestic direct investments (DDI) and foreign direct investments (FDI) have registered a drastic increase, with more than RM11 billion recorded as of last September. To this end, Deputy Premier Datuk Amar Awang Tengah Ali Hasan encouraged the micro, small, and medium enterprises (MSMEs) in Sarawak to capitalise on the opportunities arising from these […]
500 Global closes US$143 mln across early-stage fund for Southeast Asia
KUALA LUMPUR: Venture capital firm 500 Global has successfully closed US$143 million across its largest Southeast Asian early-stage fund to date – 500 Southeast Asia III, LP (500 SEA III) and its growth investment vehicle for Southeast Asia. The achievement demonstrates its commitment to supporting founders in Southeast Asia from pre-seed to pre-initial public offering […]
Infineon’s latest RM25 bln investment reflects Malaysia’s commitment to vibrant economy: Mida
KUALA LUMPUR: Infineon Technologies AG’s latest investment reflects Malaysia’s commitment to fostering an inclusive and vibrant economy, generating various opportunities for local talents and industry supply chains, according to the Malaysian Investment Development Authority (Mida). Followings Infineon Technologies’ “monumental achievement,” Mida chief executive officer Datuk Wira Arham Abdul Rahman reaffirmed the agency’s commitment to facilitate industry players, […]
Foreign investment surges to RM74.6b
KUALA LUMPUR: Malaysia’s net inflows of foreign investment surged to RM74.6 billion in 2022 from RM50.4 billion in 2021, while investment abroad tripled to RM58.6 billion from RM19.4 billion. “Malaysia’s foreign direct investment (FDI) position, as of the end of 2022, registered a higher value at RM879.1 billion,” the Department of Statistics Malaysia (DoSM) said […]
Japan to invest additional US$25 bln to battle low birth rates
TOKYO: Japan will invest an additional 3.5 trillion yen (about US$25 billion) annually to address the declining birth rates in the country, Japanese Prime Minister Fumio Kishida said on Tuesday. “The birth rate in Japan has been falling dramatically, the population decreasing. If we are unable to reverse this trend now, our economy and society […]
Sarawak acquires 4.95% stake in Affin Bank
KUCHING: The Sarawak government, via its investment arm State Financial Secretary Sarawak, has acquired a 4.95 per cent stake in Affin Bank Bhd for about RM221.74 million. Affin Bank said Lembaga Tabung Angkatan Tentera (LTAT) has confirmed that it had on April 13, 2023 divested 112,558,000 ordinary shares in the bank, representing 4.95 per cent […]
Philippine’s billionaire takes 35 pct stake in M’sia’s homegrown ZUS Coffee
KUCHING: Philippine’s billionaire Frank Lao, the man behind two of Philippines’ most well-known restaurants, Gloria Maris and Choi Garden, is expanding his portfolio by investing into Malaysia’s tech-driven coffee chain ZUS Coffee. Janica Lao, chief operating officer of Choi Garden, inked a deal in Kuala Lumpur recently with ZUS Coffee co-founder Ian Chua for a […]
