LONDON (June 2): The United Kingdom (UK)’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), expected in a few months, will set the stage for a new phase in Malaysia and United Kingdom bilateral relations, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

Fadilah: CPTPP a new phase in Malaysia-UK bilateral relations

KUALA LUMPUR (June 2): The International Monetary Fund (IMF) has projected Malaysia’s economic growth to moderate to 4.5% in 2023, reflecting largely the global external headwinds.

Malaysia’s economic growth to moderate to 4.5% in 2023, says IMF

Investors across Asia earmarked China’s ballooning levels of municipal borrowing as the region’s number one financial risk this year in a survey that ranked their biggest concerns.

China local government financing vehicles, or LGFVs, were the most frequently cited top risk in a Bloomberg survey of 53 economists, money managers and strategists at financial institutions ranging from sovereign wealth funds to banks and pensions.

Investors zero in on China local debt blowup as top risk in Asia

Corporate Malaysia handed in a largely disappointing first quarter earnings report card, which reflected general weakness in the economy, dragged by slowing external demand, with little help seen from the much-anticipated reopening of China.

More companies reported earnings that were below expectations in the January to March period of this year compared with the previous quarter, while there were fewer companies that managed to surprise with better-than-expected results, said Fortress Capital Asset Management chief executive officer Thomas Yong

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

Swiss National Bank Chairman Thomas Jordan on Wednesday (May 31) defended recent interest rate hikes to tackle inflation, saying they were neither damaging for Swiss financial stability nor responsible for the downfall of Credit Suisse.

SNB defends raising rates, says not to blame for Credit Suisse failure

Prime Minister Datuk Seri Anwar Ibrahim wants the Local Government Development Ministry to review conditions set for housing developers to ensure that they provide affordable housing for all mega projects developed.

Anwar orders review of affordable housing requirements for developers

Panasonic Manufacturing Malaysia Bhd has clarified a news report that it will shut down several of its operations in Malaysia this year, which will leave hundreds of its workers jobless.

Panasonic says shutting down only two manufacturing units in Shah Alam

The High Court has set Aug 29 to hear Parti Pribumi Bersatu Malaysia’s (Bersatu) application for leave (permission) for a judicial review against Dewan Rakyat Speaker Datuk Johari Abdul's decision not to vacate the seats of four Members of Parliament from Sabah.

High Court sets Aug 29 to hear Bersatu's bid to challenge Dewan Rakyat Speaker's decision not to vacate seats of defected MPs

Former Green Packet Bhd group managing director Puan Chan Cheong, more familiarly known as CC Puan, has been declared bankrupt by the Kuala Lumpur High Court after failing to meet the requirements of bankruptcy notices filed on May 24 last year.

CC Puan declared bankrupt for failing to settle RM31m owed to Medinis, Everegion

KUALA LUMPUR (June 1):  The collective wealth of Malaysian tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion, from US$80.5 billion last year.

50 richest Malaysians added US$1.1 bil to wealth last year, says Forbes

MCA Wanita chairperson Wong You Fong can be designated as an independent director of Star Media Group Bhd, where the political party owns a 43.23% direct stake, following an assessment conducted by the group’s nomination committee, said its independent non-executive chairman Tan Sri Chor Chee Heung.

Star Media chairman insists MCA Wanita chief can be independent director of the MCA-controlled company

US inspectors have in recent months uncovered wide-ranging lapses at factories run by some of India’s biggest pharmaceutical firms, as the world’s top supplier of cheap medicine faces increased scrutiny after a spate of deadly manufacturing incidents.

Contaminated drugs, shredded papers: US FDA uncovers failures in Indian pharma factories

Toyota Motor Corp said on Wednesday (May 31) that information on customers in some countries in Oceania and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023.

Toyota says some customers in Asia, Oceania face risk of data leak

Bahvest Resources Bhd’s managing director and CEO Datuk Lo Fui Ming have resigned from the group, ahead of its extraordinary general meeting (EGM) seeking his removal and two other directors on June 13.

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