Malaysia
Southeast Asia expands pumped hydro to boost energy storage
As Southeast Asia rapidly transitions toward renewable energy, countries across the region are investing heavily in pumped hydro energy storage (PHES) to enhance grid stability and support sustainable growth
Malaysia seeks BRICS membership
Malaysia is aiming to become the latest member of the BRICS bloc, which was originally formed by Brazil, Russia, India, China, and South Africa
From coal to clean: The green energy transition in SE Asia
As the world grapples with the urgent challenges posed by climate change, the shift to clean energy is no longer a luxury-it is a necessity. Southeast Asia, with its vibrant cultures and rapidly growing economies, is stepping up to this challenge.
Google's new data centre in Malaysia sets sustainability benchmark
Google’s upcoming data centre in Malaysia is poised to become a model for energy and water efficiency, aligning with the country’s circular economy goals
ThaiBev sets THB18bn for expansion, targets Southeast Asia growth
Thai Beverage (ThaiBev), the Singapore-listed food and beverage company, announced plans to allocate THB18bn this fiscal year for both domestic and international expansion
COMMENT: From Globalisation to “slowbalisation” as FDIs decline on trade and geopolitical woes
Global flows of foreign direct investment have trended downwards, both in absolute terms and as a share of world GDP, driven by multiple factors including changes in industrial organisation, increasing barriers to trade and investment.
Rising gold ETF inflows set to drive global bullion prices
Inflows into gold exchange-traded funds (ETFs), particularly from Western investors, are expected to increase in the coming months, adding more upward momentum to already record-high bullion prices, analysts have said
Malaysian man jailed for smuggling endangered fish into Singapore
A Malaysian man was sentenced to nine months in prison on September 10 for smuggling endangered Asian arowanas into Singapore without proper permits
Bank Negara Malaysia expected to keep interest rates steady amid inflation concerns
Bank Negara Malaysia held its overnight policy rate steady at 3.00% during its latest monetary policy meeting in September 2024, signalling that the central bank is unlikely to make any further rate adjustments for the remainder of the year
Malaysian ringgit set to strengthen against US dollar on strong demand and economic indicators
The ringgit is anticipated to appreciate against the US dollar in the coming week, driven by sustained demand for Malaysia's currency
Chinese vessels block Philippine resupply mission as South China Sea tensions rise
In a fresh escalation of tensions in the South China Sea, Chinese vessels obstructed a Philippine resupply mission on August 26, disrupting a routine operation within the Philippines' exclusive economic zone
Malaysia urged to build contingency funds to mitigate economic risks
Malaysia should regularly bolster its contingency funds to better handle significant economic shocks, as highlighted by the Malaysian Rating Corp in a recent statement