JAMES ROBERTO
Breaking News: YNH Property Bhd Entangled in MYR 20 Million Embezzlement...
YNH Property Bhd faces an embezzlement scandal involving over MYR 20 million in a suspicious joint venture deal. Key personnel are implicated, with regulatory violations and potential tax evasion being exposed.
Germany, Japan seek economic cooperation
German Chancellor Olaf Scholz visits Japan to explore economic collaboration, emphasizing the need to reduce reliance on single markets following lessons learned from Ukraine conflict and COVID-19 pandemic. Both nations aim to strengthen economic security through diversified international partnerships.
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses that Malaysian banks maintain strong credit profiles despite Silicon Valley Bank's collapse. Domestic commercial banks demonstrate robust lending practices, with less than 25% of assets invested in bonds, indicating lower risk compared to US counterparts.
Singapore bank stocks hit by Credit Suisse crisis
Singapore bank stocks fell as concerns spread about Credit Suisse's financial stability. The Swiss bank's stock dropped 30% after its largest shareholder declined additional investment, triggering market anxiety about potential global banking sector risks.
Three nations to be largest sovereign sukuk issuers
KUALA LUMPUR: According to Moody’s Investors Service, Malaysia, Indonesia, and Turkiye will overtake Saudi Arabia. As the leading sovereign issuers in 2023–2024. Which had...
Vietnam lures US$3.1 billion in FDI in first two months of...
Vietnam received $3.1 billion in foreign direct investment during January and February 2023, representing a 38% decrease from the same period last year. Manufacturing attracted $2.17 billion, with Singapore emerging as the largest investor, followed by Taiwan and the Netherlands.
EV-related stocks advance after Tesla gets approval to import electric vehicles...
Tesla receives Malaysian approval to import electric vehicles, triggering a stock market surge. EV-related companies like KESM Industries, Pentamaster, and Genetec Technology see significant share price increases, reflecting market excitement about Tesla's strategic expansion into Malaysia.[100 words]
New China-Laos-Thailand train builds efficiency for China and Asean trade
The new China-Laos-Thailand train route cuts travel time to 55 hours, offering a 20% cost reduction for transporting fresh produce. With 19 refrigerated containers capable of carrying 286 tonnes of vegetables, the service connects Kunming to Bangkok via Vientiane, promising enhanced trade efficiency for China and Asean members.
Hope fading as deaths in Turkey, Syria earthquake surpasses 15,000
A catastrophic earthquake has ravaged Turkey and Syria, resulting in over 15,000 deaths. Rescue teams from multiple countries are working tirelessly to find survivors in the rubble. President Erdogan visited affected areas, promising support for displaced residents while acknowledging initial challenges in the disaster response.
Europe bans Russian diesel, other oil products over Ukraine
The European Union and G7 allies have banned Russian diesel and refined oil products, aiming to reduce Moscow's energy income without disrupting global markets. The move targets Russia's military funding while preserving diesel supplies for critical economic sectors like transportation and agriculture.