LTAT seeks investment cooperation with S’wak govt
KUCHING: The Armed Forces Fund Board (LTAT) is looking into investment cooperation with the Sarawak government. Its Chief Executive Officer (CEO) Datuk Nazim Rahman pointed out that the state government was very active, and visionary and had forward-looking principles in terms of a sustainable economic agenda. “We are honoured and thank the Premier of Sarawak […]
Right time to establish fund, says Balingian rep
ABDUL Yakub Arbi (GPS-Balingian) is confident, and believes, that this is the right time to establish the Sarawak Sovereign Wealth Future Fund. “Sarawak is the second richest in Malaysia based on the income state revenue based on its economic resources. “Sarawak revenue generated through sources of natural gas, petroleum, timber, palm oil and new economic […]
New route to be built in Melaka to link Malaysia, Indonesia
MELAKA: A new route to link Malaysia and Indonesia, via Telok Gong, in Masjid Tanah, here, and Dumai, in Sumatra, involving a distance of about 120km will be developed with the cooperation of the private sector. Melaka Investment, Industry, Entrepreneur Development and Cooperatives Committee chairman Datuk Seri Ab Rauf Yusoh said the proposed development, which would involve the construction of […]
upGrad completes investment round of US$210 mln
KUALA LUMPUR: upGrad, Asia’s higher edutech major, has announced a fresh round of fundraising from marquee investors and family offices joining the company’s capital (cap) table. Participants in this round include ETS Global, Bodhi Tree, Singapore’s Kaizen Management Advisors Pvt Ltd, Family Office of Bharti Airtel, Narotam Sekhsaria Family Office and Artian Investments. According to a statement, […]
Malaysia looks at new, expanding investments from Italy
KUALA LUMPUR: Malaysia is looking forward to new and expanding investments from Italy, with a particular focus on new potential areas of growth such as machinery, automation, aerospace, green technology, food production, biotechnology, pharmaceuticals and other high technology industries, as well as digital investments. Minister in the Prime Minister Department (Economy) Datuk Seri Mustapa Mohamed […]
EPF gross investment income at RM15.85b for Q1
KUALA LUMPUR: The Employees Provident Fund (EPF) recorded total investment income of RM15.85 billion for the first quarter ended March 31, 2022 (Q1 2022), lower than the RM19.29 billion recorded in the corresponding quarter in 2021, dragged by a significant decline in worldwide markets. EPF chief executive officer Datuk Seri Amir Hamzah Azizan said the […]
Sarawak needs to choose investors wisely
KUCHING: Sarawak needs to be selective in welcoming the right investors to avoid the state from becoming a “dumping ground” for unwanted industries, said Sarawak Economic Development Corporation (SEDC) chairman Tan Sri Abdul Aziz Hussain. Taking this stand would also help the state to identify good investments that would not only provide profitable returns financially […]
Malaysia remains favoured investment destination among investors
KUALA LUMPUR: Malaysia remains as a favoured investment destination among investors and foreign nationals, with the global perspective focusing on the vaccination rollout and the increased immunisation level in the country. Crisis Comm analyst Peter Nicoll said there was better movement in the Malaysian market earlier this week but much focus was on the US […]
MDEC announces DIF5 strategy in advancing Malaysia’s digital economy
KUALA LUMPUR: The Malaysia Digital Economy Corporation (MDEC) today announced its Digital Investments Future5 (DIF5) Strategy, a plan focusing on five key thrusts aimed at attracting investments and advancing Malaysia’s digital economy in line with the Malaysia Digital Economy Blueprint (MyDigital). In a statement, it said the five-year initiative from 2021 to 2025 following the […]
Don’t be fooled by online gold rush
By Siti Shafiah Ariffin KUALA LUMPUR: Gold jewellery have long been coveted by women across the globe as it is thought to enhance beauty and femininity, in addition to being considered an asset of investment. The Covid-19 pandemic did nothing to affect sales — if anything, purchasing trends for gold, especially online, have actually increased […]
