Malaysia

MICROSOFT

Microsoft Increasing Presence in Southeast Asia With Substantial AI Investments in Thailand and Malaysia

Microsoft CEO Satya Nadella made big investments in Thailand and Malaysia and other initiatives to expand its Southeast Asian footprint and advance AI technologies.

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KFC Malaysia

KFC Malaysia Temporarily Closes Over 100 Restaurants Amid Pro-Palestine Boycott

The decision comes amidst escalating pressure from local boycotts stemming from the chain's perceived links to Israel.

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Malaysia

Malaysia Sets Eyes on Transforming Kuala Lumpur Into Leading Digital Hub in Southeast Asia

Malaysia aims to make Kuala Lumpur a Southeast Asian digital powerhouse by 2030 by ranking it among the top 20 startup ecosystems.

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Malaysia Is Becoming a Hotspot for Semiconductor Firms Amid US-China Chip Wars

Malaysia is increasingly attracting semiconductor factories amid escalating tensions between the US and China.

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Tire Maker Goodyear to Shut Down Manufacturing Plant in Malaysia

Goodyear Tire & Rubber Co, one of the leading tire manufacturers globally, is closing its manufacturing plant in Malaysia.

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DiCarpio Foundation To Return Gifts If From Malaysian Fund Inquiry

DiCarpio Foundation is now also being involved in the Malaysian Fund scandal.

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White House Visit Linked to Malaysian 1MDB Malaysian Fund

The US-Malaysia tie up is being sorrounded with anomally as regards to the 1MDB Malaysian Fund scandal.

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El Niño Hurts Malaysia's Palm Oil Output

Due to the continuing harmful effects of El Niño, Malaysia's palm oil production has been greatly affected reducing output by millions of metric tons.

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Malaysia's Foreign Workers Recruitment on Hold

Malaysian government halts its recruitment of foreign workers particulary Bangladeshi. Protests from private and public sectors arise urging the government to give clarification about the agreement. The deputy prime minister confirmed that the registration of 1.5 million Bangladeshi workers does not mean that all of them could gain entry on the Southeast Asian country and be hired.

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Singapore's authority seizes account related with 1MDB

The Singapore's authority announced that it has seized a large number of bank accounts in a probe into alleged misappropriations related to 1MDB. Details regarding the bank accounts will be shared with investigators from Switzerland, United States and Malaysia.

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Malaysia reduces growth forecast due to plunge in oil prices

Malaysia has trimmed its growth forecast mainly due to plunging oil prices. A miscalculated assumption has messed up the 2016 budget, which has the government groping for damage-control measures. One of the key outcomes were increasing the household spending of the country, which can give the sluggish economy a much-needed boost.

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Uber Rival GrabTaxi Launches GrabHitch Carpooling Service in Singapore

After enjoying successful services in several Asian countries, GrabTaxi introduced a carpooling service in Singapore. The service is available for testing on Wednesday in the country. Drivers participating in GrabHitch must provide elligible document and verification checks.

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Foxconn Technology denies termination of $1B investment in Indonesia

Foxconn, the electronics company headquartered in Taiwan, has pulled out $1B investment to Indonesia, rumors have it. But according to a report, Foxconn claims they haven't cancelled it yet.

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Asian growth plans at risk due to China meltdown

Chinese factor is impacting significantly growth plans of several economies in the Asian region. The uncertainty in the stock markets and volatility in the foreign exchange (forex) have kept the many Asian nations in a gripping situation.

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Chinese president to visit Pakistan, hammer out $46-billion deal

Chinese President Xi Jinping will launch energy and infrastructure projects worth $46 billion on a visit to Pakistan next week as China cements links with its old ally and generates opportunities for firms hit by slack growth at home.

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