ZUSPRESSO (M) Sdn Bhd — the operator of homegrown coffeehouse chain ZUS Coffee — is close to securing about RM250 million in private equity (PE) funding, led by Singapore-based PE firm KV Asia Capital Pte Ltd. It is also weighing at least two pitches for a billion-ringgit initial public offering ...

ZUS Coffee secures RM250 mil PE funding for expansion amid billion-ringgit IPO pitches, say sources 

THE imminent implementation of mandatory electronic invoicing (e-Invoicing) by the Inland Revenue Board (LHDN), for which the first phase is set to commence next month, has sparked interest in the stock prices of several Bursa Malaysia-listed companies.

Since the start of the year, Radi...

Riding the e-Invoicing wave

JOHOR-based dairy product specialist Farm Fresh Bhd (KL:FFB), which has become a household name in the country, is now aiming to capture a larger share of the Horeca (hotel, restaurant and café) market by diversifying its product portfolio and expanding its range of offerings.

Co-founde...

Farm Fresh deepens focus on Horeca segment

WHEN it was announced at the KL20 Summit 2024 that Selangor would be building the largest integrated circuit (IC) design park in Southeast Asia, and that British chip designer Arm Holdings plc was prepared to license its technology, more than a few eyebrows were raised.

How could Penang...

Tech: Selangor not attempting to outshine Penang in E&E sector, Vietnam the main rival, says Sidec’s Yong

NASDAQ-listed Graphjet Technology, a Malaysia-based company that has patented the technology to convert palm kernel shells into graphite and graphene, plans to expand its production capacity from just 3,000 tonnes per annum currently to 23,000 by 2027.

Graphite and graphene are said to ...

Graphjet Technology embarks on capacity expansion to produce ‘super materials’ 

US-listed Chinese coffeehouse chain Luckin Coffee Inc is poised to make its debut in Malaysia amid fierce market competition, sources told The Edge.

The entry comes at a time when Malaysians are spoilt for choice from the rising number of brands and outlets competing to fill in a gap left by Starbucks as the American franchise faces protracted consumer boycotts due to Middle East tensions.

Luckin Coffee to arrive on Malaysian shores with local partner — sources

IT is not very often that Malaysia garners global attention for good reasons. Amid escalating geopolitical tensions between the US and China, and supply chain diversification worldwide, Malaysia is now in a sweet spot to become a third force in the global semiconductor industry.

Followi...

Cover Story: My Say: All eyes on Malaysia amid global chip war

IN December 2022, Tengku Datuk Seri Zafrul Abdul Aziz was appointed as the minister of international trade and industry under the administration of Datuk Seri Anwar Ibrahim, the third prime minister to name him in the cabinet line-up after Datuk Seri Ismail Sabri Yaakob and Tan Sri Muhyiddin ...

Cover Story: Tengku Zafrul on raising the bar for Malaysian industries

MALAYSIA’s electrical and electronics (E&E) industry needs to take the first step to move up the value chain, from outsourced semiconductor assembly and test (OSAT) to higher-end activities such as integrated circuit (IC) design, high-end manufacturing and niche equipment.

The newly...

Cover Story: National Semiconductor Strategy to guide industry up value chain

MALAYSIA has always prided itself on being one of the top destinations in Southeast Asia for foreign direct investment (FDI), especially in manufacturing, predicated on its abundant land bank, readily available infrastructure and skilled workforce. Consequently, the country has over the past few ...

Cover Story: Prioritising incentives for strategic industries — unpopular but unavoidable

The US Department of Justice (DOJ) asked a federal appeals court late on Friday to uphold an April law requiring China-based ByteDance to sell TikTok's US assets by Jan 19 or face a ban.

US DOJ asks court to reject TikTok challenge to crackdown law

The first-ever joint declaration by Group of 20 (G20) finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday papered over deeper disagreement about the right forum to advance the agenda.

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

China’s manufacturing capacity is helping the world fight climate change and contain inflation, said Vice Finance Minister Liao Min, pushing back against US Treasury Secretary Janet Yellen’s latest criticism of the nation’s industrial excess.

China defends manufacturing push, says world needs more EVs

Australia said on Saturday it had signed a A$2.2 billion (US$1.4 billion or RM6.71 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy's Collins class submarines.

Australia signs US$1.4b deal to upgrade navy submarines

Chinese Foreign Minister Wang Yi accused the Philippine government of repeatedly breaking a consensus over their intensifying dispute in the South China Sea.

China’s foreign minister blasts Philippines over South China Sea tension

With inflation cooling and unemployment rising in the United States, investors are betting that the Federal Reserve will cut interest rates. At the time of this writing, market prices imply a less than 2% chance that the Fed will not reduce rates at its policy-setting meeting in September, and ev...

The Policy Puzzle: The Fed Should Not Cut Interest Rates Yet

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.

China's industrial profits post faster gains in June despite faltering economy

US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.

Yellen rejects Roubini claim of ‘manipulation’ in Treasuries

US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.

Keep global tax negotiations at OECD, not UN, Yellen says

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

The Week Ahead: FOMC meeting in focus, US Democratic presidential candidate could be announced

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights

For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.

World-lagging Thai stocks see investors moving money into regional rivals

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.

Spooked US stock market faces tech earnings minefield, Fed meeting