<div class=newsTextDataWrapInner><p>SUBANG JAYA (June 12): National carmaker Perusahaan Otomobil Nasional Sdn Bhd (Proton) is planning to launch five electric vehicle (EV) models that use the Global Modular Architecture (GMA) platform under its newly launched EV brand, Proton e.MAS.</p></div>

<div class=newsTextDataWrapInner><p>Proton Edar Sdn Bhd chief executive officer Roslan Abdullah said the first EV model under the new brand is set to be launched by 2025.</p></div>

<div class=newsTextDataWrapInner><p>“We have not decided on the timeline but the first model (will be launched) very soon, it could be early 2025, or earlier.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We want to ensure the acceptance of Proton EV in the market in terms of the volume and model, we will decide (to launch more EVs) based on the demand and acceptance by the public of Proton EVs."</p></div>

<div class=newsTextDataWrapInner><p>He was speaking to the media after launching Proton's new EV brand name and logo, e.MAS at the Proton Centre of Excellence here on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Lam Seng Fatt</em></p></div>


National carmaker Perusahaan Otomobil Nasional Sdn Bhd (Proton) is planning to launch five electric vehicle (EV) models that use the Global Modular Architecture (GMA) platform under its newly launched EV brand, Proton e.MAS.

Proton plans to launch five EV models under e.MAS brand

Kenanga Investment Bank Bhd has maintained its "overweight" call on the banking sector, buoyed by improved economic prospects driven by infrastructure projects and investments.

In a note on Monday, the investment bank said market tailwinds such as ongoing loan growth, gross domestic product improvement and better margin retention, are expected to continue overshadowing industry headwinds like inflationary pressures and a weaker ringgit.

Analysts bullish on banking sector amid economic optimism

The Companies Commission of Malaysia (SSM) will host its 13th annual SSM National Conference next month with the theme ‘Enhancing Corporate Transparency. Building Resilience’.

SSM chief executive officer Datuk Nor Azimah Abdul Aziz said the two-day virtual conference which will take place from Aug 27 to 28, aims to provide a dynamic platform for board members and corporate professionals to enhance their understanding of strategies to bolster resilience.

13th SSM National Conference to shine spotlight on corporate transparency and business resilience

Social media giant Meta is too slow in taking down fraudulent posts from its platforms, making vulnerable Malaysians victims of scammers, according to private equity firm Creador, after the company was impersonated on Facebook, Instagram and Whatsapp.

Meta too slow in taking down fraudulent posts from its platforms, says Creador

On May 1 this year, BlackRock Inc set up a multi-class investment firm in Saudi Arabia with an initial seed funding of US$5 billion (RM23.6 billion) coming from the kingdom’s Public Investment Fund (PIF).

BlackRock Riyadh Investment Management is mandated to attract additional overseas ...

Alternative Views: Cut the political semantics around the MAHB deal

Low Taek Jho, better known as Jho Low — the fugitive who financed the 2013 Holly­wood film The Wolf of Wall Street with money siphoned from 1Malaysia Development Bhd (1MDB) — made global headlines last week for having struck a deal with the US Department of Justice (DoJ) on two civil forfeitures worth more than US$100 million (RM471.8 million) in assets, including artworks by Claude Monet and Andy Warhol.

Frankly Speaking: 1MDB fugitive Jho Low must face charges in Malaysia

SEOUL (June 30): North Korea criticised a joint military exercise by South Korea, Japan and the United States held this month, state media said on Sunday, saying such drills show the relationship among three countries has developed into "the Asian version of NATO".

On Thursday, the...

North Korea calls South Korea, US and Japan 'Asian version of NATO'

Shares in Hiap Teck Venture Bhd (KL:HIAPTEK) rose in early trade on Monday, after the steel company reported better-than-expected third quarter results.

Hiap Teck shares rise in active trade after 3Q results beat expectation

Boeing agreed on Sunday to acquire Spirit AeroSystems for more than US$4 billion, two people familiar with the matter said, ending months of talks over a deal the US planemaker hopes will help ease a spiralling safety crisis.

Boeing agrees to buy Spirit Aero for US$4.7 billion, sources say

WASHINGTON (June 30): The U.S. Supreme Court upheld on Friday anti-camping laws used by authorities in an Oregon city to stop homeless people from sleeping in public parks and public streets - a ruling that gives local and state governments a freer hand in confronting a national ho...

US Supreme Court backs anti-camping laws used against homeless people

With the appointment as the new manager of Amanah Hartanah Bumiputera (AHB) fund effective Monday, PHB Asset Management Bhd (PHBAM) announced that it will scale the AHB fund from RM5 billion to RM20 billion by 2030.

PHBAM aims to scale AHB fund to RM20 bil by 2030

<p>The Malaysian stock market is seen maintaining its momentum and breaching the 1,700-point level by end this year, driven mainly by a stronger ringgit and robust domestic economic growth.</p>


Analysts stay sanguine on local stock market, see KLCI breaching 1,700 level by year end

<p>The Ministry of Health recently released the 2023 National Health and Morbidity Survey (NHMS) report, revealing alarming statistics about chronic diseases in Malaysia. High cholesterol impacts about 7.5 million adults (33.3%), diabetes affects 3.6 million (15.6%), and 6.7 million (29.2%) suffer from hypertension. Disturbingly, over 80% are unaware of their conditions.</p>


 The economics of eating well: Why Malaysians struggle with healthy diets

<p>When Wu Cunsong and Chen Binghui founded their artificial intelligence startup two years ago in Hangzhou, China, they quickly ran into obstacles, including dearth of venture capital. This March, they did what scores of other Chinese AI firms have done and moved their company, Tabcut, 2,500 miles southwest to Singapore.</p>


China’s AI startups head to Singapore in a bid for global growth

<p>Foreign funds continued to exit Bursa Malaysia for the second consecutive week, albeit with a lower outflow of RM357.7 million last week, from RM441.1 million the prior week.</p>


Foreign selling of local equities persisted at slower pace of RM358m last week, says MIDF

<p>Kenanga Research has maintained its “underweight” rating on the property sector and said the sector's headwinds remain aplenty, including oversupply, high household debt, elevated interest rates, and weakened consumer sentiment resulting from high inflation and rising living costs.</p>


Property sector's headwinds remain aplenty, says Kenanga Research

<p>The health of the Malaysian manufacturing sector was broadly stable at the end of the second quarter of the year.</p>

<p>In a statement on Monday, S&amp;P Global Market Intelligence said new orders increased for the second month running, in part thanks to a rise in exports, but overall demand remained subdued.</p>


New orders rise amid improving export sales in June — S&P Global

<p>Tenaga Nasional Bhd (TNB) (KL:TENAGA) said the decision by the Ministry of Energy Transition and Water Transformation (Petra) to maintain electricity tariffs until Dec 31 this year is neutral on the utility company and will not have any effect on its business operations.</p>


Tenaga sees no impact from unchanged electricity tariffs

<p>Any polemics related to the BlackRock issue linked to the Israeli regime could affect Malaysia's interests as a developing country, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>Speaking at the July monthly assembly of the Prime Minister's Department here on Monday, Anwar reminded everyone not to be "excessive" in discussing the controversial BlackRock issue.</p>


Don't go overboard in debating BlackRock issue, think of country's interests — Anwar

<p>JPG Greenergy Ventures Sdn Bhd, a subsidiary of Johor Plantations Group Bhd, has been awarded BioNexus status by the Malaysian Bioeconomy Development Corp under the Ministry of Science, Technology and Innovation (Mosti).</p>


Johor Plantations Group's subsidiary gets BioNexus status

<p>(July 1): President Joe Biden’s campaign is going on the attack against a chorus of donors, consultants, officials and media voices calling on him to drop out of the 2024 race after his devastating debate performance.</p>

<p>The strategy will be remembered as a display of either remarkable for...

Biden loyalists dismiss calls to quit in frenetic weekend blitz

<p>Prime Minister Datuk Seri Anwar Ibrahim on Monday assured that the government will maintain the Bumiputera quota for Sijil Pelajaran Malaysia (SPM) holders to continue their studies at the matriculation level.</p>


Govt assures Bumiputera quota for matriculation will remain unchanged — Anwar

<p>England manager Gareth Southgate is prepared for a negative reaction after another display of frustrating mediocrity as his side came back from the brink of elimination against Slovakia on Sunday to book a quarter-final berth at Euro 2024.</p>


Southgate admits plenty of questions exist for England despite last-gasp win

<p>Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market.</p>


Australia doubles foreign student visa fee in migration crackdown

<p>Marine Le Pen’s National Rally scored an emphatic victory in the first round of France’s legislative election and set its sights on an absolute majority as President Emmanuel Macron and her other opponents began manoeuvring to keep the far right from power.</p>


Le Pen's far right wins French first round and chases majority

<p>Three-times champions Spain survived the early scare of an own goal to beat a spirited Georgia 4-1 on Sunday and reach the last eight of Euro 2024, dominating in an exhilarating encounter that brought an end to the minnows' fairytale run.</p>


Supreme Spain reach Euros last eight to shatter Georgia dreams

<p>On May 1 this year, BlackRock Inc set up a multi-class investment firm in Saudi Arabia with an initial seed funding of US$5 billion (RM23.6 billion) coming from the kingdom’s Public Investment Fund (PIF).</p>

<p>BlackRock Riyadh Investment Management is mandated to attract additional overseas ...

<p>Sydney home values climbed to a record in June as strong demand and low supply overshadowed increasing pain from high borrowing costs. Melbourne declined for a third straight month.</p>


Sydney home prices hit record high, Melbourne slips again

<p>Asian stocks were subdued on Monday as traders pondered the US rates outlook, while the euro edged higher after the far-right won a smaller share of the vote in the first round of France's shock snap election than some polls had projected.</p>


Asia stocks stutter, euro gains after first round vote in France

<p>Sunway Malls, the retail arm of Sunway Bhd (KL:SUNWAY), has forecasted a 6.5% year-on-year (y-o-y) growth in sales performance for the first half of 2024 (1H2024), following its 11% growth in the first quarter of this year (1Q2024), according to a press statement on Monday.</p>
