Wealth grew disproportionately quickly last year in the United States, where over 379,000 people became new US dollar millionaires, more than a 1,000 a day, a report published on Wednesday showed.

US added over 1,000 new millionaires a day last year, UBS report says

The world is undergoing a profound realignment. The global disorder, once simmering beneath the surface, has now erupted into the open through tariff weaponisation, geopolitical rivalry and the reshaping of supply chains. The once seamless globalisation of the past few decades is fragmenting....

Navigating the global disorder | Viewpoint: China’s rise and the great supply chain rewiring

After several years of solid growth, the global economy faces a new policy-driven shock. The meaningful and rapid escalation of restrictive trade policy in the new US administration represents one of the biggest challenges to the post-World War II order that saw the proliferation of global free t...

Navigating the global disorder | Viewpoint: The world turned upside down

The international order that once operated under predictable rules and US-led multilateralism has undergone profound destabilisation in recent years. The policies of US President Donald Trump — marked by aggressive trade protectionism, withdrawal from key agreements like the Paris Climate Accord ...

Navigating the global disorder | Viewpoint: Creative or destructive disruption?

US President Donald Trump’s tariff shock on April 2 created a chaotic turmoil in financial markets but they rebounded after he reversed and delayed some tariffs for 90 days. Overall, it was a whirlwind of self-inflicted and badly executed policy that signalled a major shift in global order.
...

Navigating the global disorder | Viewpoint: Tariffs, trade and balance sheet shifts

In our daily lives, it is easy to forget how deeply we are entrenched in the global political economy. Daily luxuries — a cup of coffee, a croissant — are underpinned by vast systems we rarely think about.

This invisibility makes it easier to accept the economic status quo without quest...

Navigating the global disorder | Viewpoint: Rewriting the rules of global money: Will the dollar still be king?

US President Donald Trump’s onslaught on global order undermines American standing in the world, despite his mid-May Middle East feel good blitz, which carried hope for peace in the region and for huge investments in America by the opulent regimes there.  In just over 100 days, his policies ...

Navigating the global disorder | Viewpoint: The new global disorder and after

The world is undergoing a seismic transformation. The post-World War II global order, anchored by multilateral institutions such as the United Nations, World Trade Organization (WTO) and International Monetary Fund, is showing signs of strain.

Globalisation, once seen as a rising tide t...

Navigating the global disorder | Viewpoint: Malaysia’s strategic path in the new global (dis)order

At a time when the world order is being turned on its head and recession fears are rising, securing good returns has become more challenging. Fund managers have drastically rewritten their investment playbooks by focusing on sectors that will benefit from lower oil prices while continuing to ride...

Navigating the global disorder | Cover Story: Navigating the global disorder

The world is now facing a “new global disorder”: an era of geopolitical and economic uncertainty that began with the imposition of sweeping tariffs during US President Donald Trump’s so-called “Liberation Day”, which in turn led to an intensified US-China trade war.

The ensuing fallout ...

Navigating the global disorder | Viewpoint: Can Malaysia survive in the new global ‘disorder’?

A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to US dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say.

Asian banks see big boost to wealth business as currencies rally

For years, Johor’s property market moved to a cautious beat. Oversupply issues loomed large, the pandemic reshaped how we lived and worked, and investors treaded lightly. But today, there is a new pulse on the ground. Johor is stirring, energised by the Johor-Singapore Special Economic Zone (JS-S...

Pitfalls & Pitch Calls: Johor’s reawakening: How the JS-SEZ is powering a property revival

In Malaysia, the growth of liquid assets held by high-net-worth individuals (HNWIs) is expected to exceed that of their regional peers over the next few years, says Linda Yip, country head of international wealth and premier banking at HSBC Malaysia.

Citing HSBC data, she says the total...

Wealth: Malaysian HNWIs’ liquid asset growth rate to outpace that of Asian peers

With the ongoing matcha shortage in Japan driving prices up, local matcha players are trying to cater for price-sensitive matcha enjoyers by introducing more affordable, yet quality, matcha options for discerning matcha drinkers.

Matcha comes in different grades, ranging from middle-tie...

Trend: Satisfying the thirst for matcha

Malaysia’s push towards digital transformation has been nothing short of impressive, ushering in new efficiencies and opportunities across sectors. Yet, amid the buzz of progress, a quieter challenge is emerging behind the scenes — digital fatigue.

But even as this issue rises, it bring...

Ideas: Malaysia’s workforce faces digital fatigue but culture shift offers hope

Thrifting has gained popularity in recent years, driven not only by the fact that the practice is sustainable but also because it makes items affordable. Sparked by Gen Z, this rising interest has led to more businesses curating specialised products and services in various segments. If you’re new...

Listicle: A place for everything pre-loved

The healthcare sector is undergoing a fundamental shift, with artificial intelligence (AI) offering a transformative means of improving patient outcomes, operational efficiency and cost-effectiveness.

In Southeast Asia, the integration of AI technologies is helping health systems cope w...

Healthtech: AI as a tool to enhance healthcare delivery

Investing has always been a challenge against human nature — fear, greed and the instinct to follow the crowd. However, recent advancements in artificial intelligence (AI) have begun to shift the balance. Beyond processing vast amounts of data, AI is actively reshaping investor behaviour, mitigat...

AI vs instinct: How machines are rewiring investor psychology

To capitalise on the growing influence and opportunities of digitalisation in the service sector, the World Bank Group has called for a framework that balances technological change with policy reform across the East Asia and Pacific (EAP) region.

The World Bank, in its latest report “Se...

Study: Technology makes service sector the biggest contributor to productivity growth

Artificial intelligence (AI) is shifting from development to deployment, with inference — the use of trained AI models for real-time decision-making — poised to become central to everyday applications.

By 2030, inference workloads are expected to account for half of all data centre proc...

Perspective: Data centres must evolve to meet demands of AI

As Malaysian companies urgently prepare for the e-invoicing mandate, many businesses — especially small and medium enterprises (SMEs) in the value chains of larger companies — face significant challenges such as outdated systems, integration complexity and the need for robust data security.
...

Compliance: Complex integration, legacy infrastructure hamper SME shift to e-invoicing

When wreckage from the missing Malaysia Airlines flight MH370 was discovered on Reunion Island in 2015 — thousands of kilometres from the suspected crash site — scientists traced its likely path across the Indian Ocean using sophisticated ocean forecast models. These tools simulate how debris dri...

Cover Story: Riding the tide

NEWS

Ministry of Digital launches RAI Portal for non-citizens

The Ministry of Digital and the National Digital Department (JDN) have launched a non-citizen segment on the MyGovernment Portal.

Developed as a one-stop centre for ...

Bits + Bytes: A Miscellany Of Technology

When the Malaysian Communications and Multimedia Commission (MCMC) demanded detailed call and internet logs for the first three months of the year for the government’s Mobile Phone Data (MPD) project, concerns were raised about privacy, legal safeguards and data governance.

The regulato...

Issues: Anonymised data can still reveal information

KUALA LUMPUR (June 22): The Ministry of Investment, Trade and Industry (Miti) has held discussions with leading tech giant&nbsp;Intel&nbsp;regarding the Intel’s plans on reinvestment and expansion of its operations in Malaysia.

Zafrul: Intel, Vishay set to expand semiconductor presence in Malaysia

JOHOR BAHRU (June 22): The OCBC Group has committed more than RM11 billion in financing to businesses in Johor since the start of 2024, as part of its long-term commitment to the Johor-Singapore Special Economic Zone (JS-SEZ).&nbsp;

OCBC commits over RM11b to Johor businesses, eyes further support for Johor-Singapore SEZ

KUALA LUMPUR (June 22): Malaysia’s discussions with the United States trade representative and the US secretary of commerce on ongoing tariff-related negotiations have made good progress, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Miti: Malaysia-US tariff talks making good progress

(June 21): FedEx Corp's founder and former chief executive officer Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company's CEO Raj Subramaniam said in memo to staff posted on its website on Saturday.

FedEx founder and exec chairman Frederick Smith has passed away, CEO tells staff

SYDNEY/JERUSALEM/TOKYO/LONDON (June 22): An organisation that monitors flight risks warned on Sunday that US strikes on Iran's nuclear sites could heighten the threat to American operators in the region, as some airlines cancelled flights to and from Dubai and Doha.

US airlines face heightened risks as global carriers bypass Middle East after attacks on Iran

ALOR SETAR (June 22): Kedah recorded RM4.2 billion in investments in the first quarter of this year (1Q2025), which is expected to generate over 1,400 job opportunities.

Kedah records investments totalling RM4.2b in 1Q2025

KUALA LUMPUR (June 22): The implementation of the new electricity tariff schedule&nbsp;starting July 1 is a clear reflection of the major reforms being undertaken by the government, particularly in the national energy sector, said Communications Minister Datuk Fahmi Fadzil.

Fahmi: New electricity tariff reflects major reform in national energy sector

KUALA LUMPUR (June 22): The appointment of PKR deputy president Nurul Izzah Anwar and Pakatan Harapan (PH) secretary general Datuk Seri Saifuddin Nasution Ismail as joint election directors is expected to give PKR an edge in the upcoming elections.

Fahmi: Nurul Izzah, Saifuddin Nasution’s appointment gives PKR advantage in upcoming elections

(June 22): The UK and its military assets weren’t involved in US strikes on Iran’s main nuclear sites, and is calling for a diplomatic solution to the crisis. &nbsp;

UK says it’s not involved in US strikes on Iran, urges talks

KUCHING (June 22): Interference by major powers such as the United States in the Iran-Israel conflict will only worsen the situation and undermine regional stability, as well as the global economy, Prime Minister Datuk Seri Anwar Ibrahim said on Sunday.

Anwar: US’ action in Iran-Israel conflict worsens situation, undermines stability

SINGAPORE (June 22): Singapore Prime Minister&nbsp;Lawrence Wong is making&nbsp;a five-day official visit to China from&nbsp;Sunday, at the invitation of Premier Li Qiang, according to the Prime Minister’s Office (PMO).

Singapore PM undertakes introductory visit to China, will attend Summer Davos

SEOUL (June 22): South Korea's top trade negotiator said on Sunday that he would raise concerns about potential US&nbsp;restrictions on chipmakers in China when he meets US officials in Washington this week for the third round of technical discussions in tariff talks.

South Korea to raise concerns to US over potential curbs on chipmakers' China operations

KUALA LUMPUR (June 22): The Malaysian Media Council (MMC) is the best platform to manage ethical issues of journalists, including the recent publication of an infographic regarding the appointment of Inspector General of Police Datuk Seri Mohd Khalid Ismail by a local newspaper, said Communications Minister Datuk Fahmi Fadzil.

Fahmi: Malaysia Media Council best platform to manage journalists’ ethical issues

In an era of rising costs and economic shifts, Malaysian SMEs are finding their stride by going digital. See how business finances can be faster, seamless, and more secure with digitalisation and automation.

How Malaysian SMEs are navigating challenges and embracing digitalisation

Artificial intelligence (AI) is shifting from development to deployment, with inference — the use of trained AI models for real-time decision-making — poised to become central to everyday applications.

By 2030, inference workloads are expected to account for half of all data centre proc...

Malaysia’s push towards digital transformation has been nothing short of impressive, ushering in new efficiencies and opportunities across sectors. Yet, amid the buzz of progress, a quieter challenge is emerging behind the scenes — digital fatigue.

But even as this issue rises, it bring...

As Malaysian companies urgently prepare for the e-invoicing mandate, many businesses — especially small and medium enterprises (SMEs) in the value chains of larger companies — face significant challenges such as outdated systems, integration complexity and the need for robust data security.
...

KYIV (June 22): Around 10,000 Russian soldiers are fighting in Russia's Kursk region, about 90 square kilometres&nbsp;(35 square miles) of which is controlled by Ukraine, Ukraine's top military commander said.

Ukraine fighting 10,000 Russian troops in Kursk region, Ukrainian commander says

To capitalise on the growing influence and opportunities of digitalisation in the service sector, the World Bank Group has called for a framework that balances technological change with policy reform across the East Asia and Pacific (EAP) region.

The World Bank, in its latest report “Se...

Investing has always been a challenge against human nature — fear, greed and the instinct to follow the crowd. However, recent advancements in artificial intelligence (AI) have begun to shift the balance. Beyond processing vast amounts of data, AI is actively reshaping investor behaviour, mitigat...

Wealth

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