Business

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.

- MBSB Bank and PKNS Real Estate signed an MoU to support small businesses by introducing cashless transaction platforms like DuitNow. The partnership aims to help business owners in SACC Mall and PKNS Complex reduce operational costs and improve financial management through real-time retail payment solutions.

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.

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]

Brent crude prices expected to remain flat around $80/barrel in first half of 2023, with potential recovery to $85-$90 in second half. Increased demand from India and China may offset Western restrictions on Russian oil supply, driven by shifting global energy landscapes.

YNH Property Bhd Directors caught plundering assets worth RM 422 Million in a scam transaction to sell the company's two primary income-producing assets undervalue to the YU Syndicate-controlled company, ALX Asset Berhad. Leaked documents reveal the alleged fraudulent scheme.

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.

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.

Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus reports that Malaysia is unlikely to enter a recession this year. Strong domestic demand and expenditure are expected to support economic growth, with the first quarter of 2023 showing more robust performance compared to the previous quarter.

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.