RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.

Saudi Arabia's Vision 2030 projects to be adjusted as needed, finmin says

KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.

Abang Johari: Investors must deposit minimum RM2 mil to migrate to Sarawak

CYBERJAYA (April 28): The Occupational Safety and Health (Amendment) Act 2022 will come into effect on June 1, thus further increasing the level of safety and health at workplaces nationwide, said Human Resources Minister Steven Sim Chee Keong.

Minister: Occupational Safety and Health (Amendment) Act 2022 comes into force on June 1

RIYADH (April 28): The World Economic Forum’s (WEF) Special Meeting commences in Riyadh, Saudi Arabia on Sunday, to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy.

World Economic Forum’s Special Meeting commences in Riyadh

KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.

Anwar on a mission to explore economic opportunities, attract new investments at WEF

MOSCOW/LONDON (April 26): Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may struggle to reach its 4% target this year.

Russian central bank holds rates at 16%, raises inflation forecast

SEPANG (April 26): A good airline company management can provide substantial wages to employees, commensurate with their services, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Good management can provide substantial wages to employees

Global manufacturing activity recovery had seen a gradual improvement in late 2023, and is expected to continue into 2024, although it remained in contractionary territory after two years of downturn.

Global manufacturing activity recovery to continue gradually into 2024, says S&P Global

KUALA LUMPUR (April 26): Malaysia’s export prices grew 1.7% to 149.8 points in March from 147.3 points in February, while import prices saw a marginal uptrend of 0.1% from 129.9 points to 130.0 points, said the Department of Statistics Malaysia (DOSM).

Malaysia’s export prices up 1.7%, import prices grew 0.1% in March 2024 — DOSM

JAKARTA (April 26): Indonesia needs to anticipate any impact on the domestic economy of the recent escalation in geopolitical tensions in the Middle East and delays in US monetary easing, which will also affect the government's budget, its finance minister said on Friday.

Indonesia finmin says monitoring economic impact of geopolitics

Malaysia’s producer price index (PPI), which measures price changes for goods at the producer level, increased by 1.6% year-on-year in March 2024, compared with 0.3% in February, said the Department of Statistics Malaysia.

Malaysia’s producer price index up 1.6% in March

The government’s move to introduce a pilot phase of the progressive wage policy is the right approach towards achieving the intended target to boost labour productivity growth in Malaysia, according to a World Bank economist.

World Bank economist: Boosting labour productivity by reduction in skills-related underemployment to increase wages

Thai banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, a bankers' association said on Thursday, responding to a government request to help small businesses.

Thai lenders to cut rates by 25 bps for 'vulnerable groups'

KUALA LUMPUR (April 24): A meeting with 70 financial fund investors and corporate members at the recently concluded joint investors meeting in London has touched on the Madani government’s immediate action to stimulate strategic investment in important technologies, according to the Ministry of Finance (MOF).

MOF: Meeting with 70 fund investors highlights Madani govt’s action to spur strategic investments

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) has requested information from German authorities concerning the alleged acquisition of luxury vehicles in Germany, financed by 1Malaysia Development Bhd (1MDB) funds, according to MACC chief commissioner Tan Sri Azam Baki.

MACC probes alleged luxury car buys in Germany with 1MDB funds

RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

Anwar: Malaysia adopts a balanced foreign policy, stands clear of provocations

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

Thai foreign minister resigns, local media report

SEREMBAN (April 28): Tabung Haji (TH) bore over RM350 million in direct and indirect financial assistance costs for this year's haj operations, its haj management general manager Mohamed Heikal Mohamed Yusuff revealed on Sunday.

Tabung Haji bore more than RM350m in assistance cost for this year's haj ops

KUCHING (April 28): Water is an important component which acts as a stabiliser and catalyst for sustainable national development, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Water acts as stabiliser, catalyst for sustainable national development — Fadillah

LISBON (April 28): Russia's air defence systems destroyed 17 drones launched by Ukraine over its territory, Russia's defence ministry said on Sunday, with a regional official saying the attack targeted an oil storage facility in the Kaluga region.

Russia says it destroyed 17 drones launched by Ukraine

SHANGHAI (April 28): A private jet linked to Tesla chief executive officer (CEO) Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market.

Tesla CEO Elon Musk kicks off surprise trip to Beijing, sources say

Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds

Companies Commission of Malaysia orders East West One Group’s trustee to freeze trust account funds

HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.

Selangor signs MOU with tech firms in Germany

(April 28):&nbsp;A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.&nbsp;

Fed repricing gives rise to new equities playbook in Asia

SHANGHAI (April 28): A private jet linked to Tesla chief executive officer (CEO) Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market.

RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.&nbsp;

Anwar arrives in Riyadh for World Economic Forum's Special Meeting

KUCHING (April 28): Sarawak Premier Tan Sri Abang Johari Tun Openg said on Sunday that prospective investors must deposit at least RM2 million or purchase property worth not less than RM1.5 million to obtain permanent residency (PR) in the state.

CYBERJAYA (April 28): The Occupational Safety and Health (Amendment) Act 2022 will come into effect on June 1, thus further increasing the level of safety and health at workplaces nationwide, said Human Resources Minister Steven Sim Chee Keong.

BANGKOK (April 28): Thai former energy executive Pichai Chunhavajira was named the country's finance minister on Sunday, facing a tough task to revive Southeast Asia's second-largest economy.

Former exec Pichai named as Thai finance minister, faces growth challenges

KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.

RIYADH (April 28): The World Economic Forum’s (WEF) Special Meeting commences in Riyadh, Saudi Arabia&nbsp;on Sunday, to find solutions to a host of global challenges relating to humanitarian issues, the climate and the economy.&nbsp;

KUCHING (April 28): Water is an important component which acts as a stabiliser and catalyst for sustainable national development, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

SEREMBAN (April 28): Tabung Haji (TH) bore over RM350 million in direct and indirect financial assistance costs for this year's haj operations, its haj&nbsp;management general manager Mohamed Heikal Mohamed Yusuff revealed on Sunday. &nbsp;

RIYADH/DUBAI (April 28): Saudi Arabia, the world's top oil exporter, will adjust its Vision 2030 plan to transform its economy as needed, scaling back some projects and accelerating others, its finance minister said on Sunday.

RIYADH (April 28): Malaysia adopts a balanced foreign policy approach between the West and East and stands clear of any sort of position that is deemed provocative, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

BANGKOK (April 28): Thai Foreign Minister Parnpree Bahiddha-Nukara has abruptly resigned after losing the role of deputy prime minister in a Cabinet reshuffle, local media reported on Sunday.

WASHINGTON (April 27): US&nbsp;President Joe Biden delivered an election-year roast on Saturday night at the annual White House Correspondents' Association dinner, as protesters outside criticised his support for Israel's war against Hamas.

Biden jabs Trump in election-year roast at correspondents' dinner

KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) has requested information from German authorities concerning the alleged acquisition of luxury vehicles in Germany, financed by 1Malaysia Development Bhd (1MDB) funds, according to MACC chief commissioner Tan Sri Azam Baki.

LISBON (April 28): Russia's air defence systems destroyed 17 drones launched by Ukraine over its territory, Russia's defence ministry said on Sunday, with a regional official saying the attack targeted an oil storage facility in the Kaluga region.

BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.

Economic Focus

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Economic Focus

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