KUALA LUMPUR (Sept 25): Higher operating costs and unfavourable foreign exchange loss (forex) dragged Astro Malaysia Holdings Bhd’s net profit down by 75.98% in the second quarter ended July 31, 2023 (2QFY2024) to RM23.65 million, from RM98.47 million a year earlier.

Higher costs, forex loss drag Astro’s 2Q

Communications and Digital Minister Fahmi Fadzil said all mobile network operators (MNOs) who are participating in Malaysia’s 5G network will hold equal stakes in the government-owned 5G network infrastructure outfit Digital Nasional Bhd (DNB).

Fahmi: All MNOs will have equal stakes in DNB for 5G network

Puncak Niaga Holdings Bhd has discontinued its RM14 billion suit against the Selangor state government for what it had alleged was a forced takeover of the state’s water industry back in March 2017.

Puncak Niaga discontinues RM14b suit against Selangor govt after six years 

The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to return to the 1,465-point level in the third quarter of 2023, thanks to potential window dressing activities during the period and Prime Minister Datuk Seri Anwar Ibrahim's productive visit to the US, according to Hong Leong Investment Bank Research (HLIB Research).

HLIB: KLCI may revisit 1,465 points in 3Q following PM's successful US trip, potential window dressing

Singapore's key consumer price gauge rose 3.4% in August, almost matching economists' forecasts, and easing compared with July's figures due to lower inflation for services, food, retail and other goods, official data showed on Monday.

Singapore Aug core inflation rises 3.4%, seen easing

Japan will start talks to store its captured carbon dioxide in Malaysia, the Nikkei newspaper reported, without saying where it obtained the information.

Japan to discuss carbon storage with Malaysia — Nikkei 

As more global companies expand into Malaysia or increase their existing investments, authorities must cut down on red tape and strive to improve ease of doing business, said Prime Minister Datuk Seri Anwar Ibrahim.

PM tells authorities to cut red tape, improve ease of doing business in Malaysia

Singapore became the biggest investor in Japan’s real estate sector this year, lured by the yen’s weakness and growing demand in logistics and hospitality industries, according to Knight Frank LLP.

Singapore is Japan’s top property investor in 2023, report says

Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least US$5 billion (RM23.4 billion) from Tesla, Google and Microsoft.

Thailand expects Tesla, Google, Microsoft to invest US$5b — PM

Malaysia has enormous potential to rise as a vibrant economy as it has the necessary resources, skilled workforce and strong economic fundamentals, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia has all it takes to rise again as vibrant economy, says Anwar

The Pelangai state by-election on Oct 7 will see a three-cornered battle between Barisan Nasional (BN), Perikatan Nasional (PN) and independent candidates.

Three-cornered fight in Pelangai by-election

NEW YORK (Sept 22): Malaysian Prime Minister Datuk Seri Anwar Ibrahim on Friday called for a concerted multilateral effort spearheaded by the United Nations to resolve all the conflicts and humanitarian crises in the world, citing the problems in Ukraine, Palestine, Afghanistan and Myanmar as som...

Anwar calls for concerted multilateral effort by UN to resolve conflicts

The US and China are establishing two working groups to discuss economic and financial issues, the latest sign of a thaw in relations between the world’s largest economies.

The groups “will provide ongoing structured channels for frank and substantive discussions on economic and financial policy matters, as well as an exchange of information on macroeconomic and financial developments,” the US Treasury Department said in a statement Friday.

US, China form working groups on economic and financial issues in sign of better ties

Petroliam Nasional Bhd’s (Petronas) wholly-owned subsidiary Petronas CCS Ventures Sdn Bhd has signed a term sheet with Mitsui OSK Lines Ltd (MOL) and MISC Bhd for the potential incorporation of a joint-venture entity to invest in developing and monetising liquefied carbon dioxide (LCO2) carriers for carbon capture and storage (CCS) projects in Malaysia.

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