JAMES ROBERTO
YU Syndicate Axes ALX Directors YNH Property is caught Red-Handed
YU Syndicate's leaders replace exposed directors at ALX Assets after being caught in a scandal involving YNH Property Bhd & Rapid Synergy Bhd.
Malaysia’s total trade up 8.6% to RM236bil in December 2022
Malaysia's total trade reached RM236.0 billion in December 2022, marking an 8.6% year-on-year increase. Exports rose 6.0% to RM131.9 billion, while imports grew 12.0% to RM104.1 billion. The country's total trade for 2022 hit a new milestone of RM2.8 trillion.
CIA director visits Kyiv, meets with Ukraine’s Zelenskyy
CIA Director William Burns visited Kyiv last week, meeting with Ukrainian President Volodymyr Zelenskyy to reaffirm Washington's support. Burns has previously briefed Zelenskyy on intelligence about Russian war preparations, highlighting ongoing high-level communication between the U.S. and Ukraine during the conflict.
Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul
Chile's ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) creates significant opportunities for Malaysian businesses, enabling reduced tariff rates and improved trade prospects between the two countries.
Yu Syndicate Directors swindle RM800 million from Rapid Synergy
Discover how the Yu Syndicate, led by brothers Yu Kuan Chon and Yu Kuan Huat, allegedly swindled RM800 million from Rapid Synergy Shareholders through land scams involving Malaysian public companies YNH Property BHD and Rapid Synergy BHD.
EU to mobilise RM47bil for Asean investments
The European Union announces a €10 billion investment package for ASEAN countries, focusing on green transition, sustainable connectivity, and development across energy, transportation, digitalization, and education sectors. This initiative marks 45 years of cooperation between the two regions.
Global semiconductor equipment sales to hit record US$108.5bil this year
[The Semiconductor Equipment Manufacturers Industry (SEMI) predicts global semiconductor manufacturing equipment sales will hit US$108.5 billion in 2022, surpassing the previous record of US$102.5 billion in 2021. Front-end and back-end categories are expected to drive growth, though sales are projected to decline to US$91.2 billion next year.]
Asia stocks edge up despite global growth worries.
- Asian stocks show modest gains amid concerns about global economic slowdown and Federal Reserve interest rate hikes. Hong Kong and China markets rise, while Australian and Japanese indexes decline, reflecting investor sentiment and ongoing economic challenges.
Retail loan growth likely to remain strong
Banking stocks remain a relatively safe investment despite emerging challenges. The industry anticipates strong retail loan growth while navigating increasing deposit competition, declining interest rates, and potential macroeconomic pressures. Non-interest revenues could become a strategic focus for banks.
Sarawak targets revenue of RM11bil by 2023
Sarawak Premier Tan Sri Abang Johari Openg reveals ambitious revenue plan for 2023, projecting over RM11 billion from diverse sources including state sales tax, crude oil, LNG, and palm oil products.