Merry Gel Sigui
A multimedia journalist focused on producing articles about controversial global issues specifically on business, economy, politics, and technology. A strong believer in freedom of the press and exposing the wrong. only through engagement and communications can we as humans evolve.
An accredited member of a leading local broadcast media organization.
Malaysia Banks to be held up by resilient earnings
Malaysian banks are poised for robust performance, with Kenanga Research maintaining an overweight rating after Q4 2022 earnings. Despite potential challenges in loan growth and interest margins, non-interest income is expected to provide support, making banking stocks attractive to investors seeking stable returns.
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory rose 28% in January, marking the fastest increase since 1996. With chips comprising 12% of exports, the surge highlights a prolonged tech recession dampening economic growth. Global demand downturn and geopolitical tensions further complicate recovery prospects.
New Russian offensive underway in Ukraine, says NATO
Ukrainian forces are bracing for renewed Russian ground assaults in eastern Ukraine, with heavy fighting reported in Bakhmut and surrounding regions. The Ukrainian military reports successfully resisting attacks in multiple areas, including Kharkiv, Luhansk, and Donetsk, as tensions mount ahead of the first anniversary of the invasion.
US forces returning to Philippines to counter China threats
The United States is rebuilding its military presence in the Philippines after more than 30 years, gaining access to additional military camps. This move is part of a broader strategy to fortify alliances in Asia and respond to China's increasingly aggressive regional posture, with infrastructure investments supporting rotating US troop deployments.
International trade rises as commerce ministry lays out 2023 plans
Cambodia's commerce minister Pan Sorasak reports significant trade improvements in 2022, with foreign trade value reaching $52.425 billion. Imports and exports increased by 4.32% and 16.44% respectively, leading to a 20.60% reduction in trade deficit. The ministry focuses on reforms and enhancing business environment for continued growth.
Asian FX, stocks rise as strong U.S. GDP data aids risk...
Philippine Peso and Malaysian Ringgit lead Asian currency gains, supported by resilient U.S. economic data. Both currencies strengthen in January, with ringgit appreciating about 4% year-to-date, reflecting improved economic outlook and investor optimism.
EU faces big subsidy rift before facing US
The European Union is considering substantial subsidies to compete with US green technology investments, but smaller member states like Sweden warn that larger countries like Germany and France might disproportionately benefit, potentially threatening the EU's single market principles.
UK, Singapore launch talks on the digital trade agreement
Britain and Singapore begin talks on a digital trade agreement aimed at removing barriers for tech companies and expanding economic collaboration in the Indo-Pacific region, supporting post-COVID economic recovery and global tech ambitions.
Malaysia picks Ericsson for RM11bil project to deploy 5G nationwide
Digital Nasional Bhd (DNB) has chosen Ericsson to deploy Malaysia's nationwide 5G network, investing RM11 billion in critical infrastructure. The project aims to accelerate the country's digital economy transition, with Ericsson's technology expected to provide comprehensive network coverage across the nation.
Banks in Malaysia benefit from the diversified and competitive economy– Moody’s
Malaysian banks with an A3 stable outlook benefit from a diversified economy, strong institutions, and promising growth prospects. Despite the 2020 recession, the financial sector shows resilience with expected GDP growth above 5% in the coming year.
