Malaysia

Malaysia seeks BRICS membership

bno - Surabaya Office October 22, 2024

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

Maryam Azish in Berlin October 18, 2024

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

bno - Surabaya Office October 2, 2024

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

bno - Bangkok Office October 2, 2024

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

bne IntelliNews September 30, 2024

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

bno - Mumbai Office September 27, 2024

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

bno - Surabaya Office September 11, 2024

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

bno - Surabaya Office September 6, 2024

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

bne IntelliNews September 2, 2024

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

bno - Taipei Office August 28, 2024

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

bno - Surabaya Office August 28, 2024

Malaysia should regularly bolster its contingency funds to better handle significant economic shocks, as highlighted by the Malaysian Rating Corp in a recent statement

Norway’s sovereign wealth fund boosts equity investments in Malaysia

bne IntelliNews August 16, 2024

The Government Pension Fund Global of Norway, the world’s largest sovereign wealth fund, increased its equity investments in Malaysia by the end of June, compared to the close of 2023

The West is bleeding the Global South of wealth thanks to massive wage inequality, says study

bne IntelliNews July 31, 2024

The developed markets of the West are bleeding the Global South of wealth thanks to massive differences in nominal wages, according to a new study published in Nature Communications.

Global solar panel glut caused by Chinese overproduction

bne IntelliNews July 30, 2024

There is an overproduction of solar panels worldwide, with production capacity exceeding demand by 2 TW. This surplus has led to falling prices.

Sea levels rise 10 cm since 1993 as ice caps melt

bne IntelliNews July 29, 2024

Sea levels are now 10 cm higher than in 1993, and the rise is accelerating, according to new high-resolution satellite measurements by NASA.

Lavrov presses the flesh at ASEAN summit as Kremlin seeks to deepen ties with Asia

Ben Aris in Berlin July 28, 2024

Russian Foreign Minister Sergei Lavrov was pressing the flesh and having his picture taken with the leaders of Southeast Asia at the annual ASEAN summit as the Kremlin seeks to bolster friendly relations with the leading Asian countries.

Plants absorbing less carbon dioxide in 2023, accelerating global warming

Ben Aris in Berlin July 25, 2024

Plants and trees' ability to absorb carbon dioxide fell dramatically in 2023, due to increased heat stress in vegetation, a new study revealed.

How energy intensive are data centers?

Florian Zandt for Statista July 24, 2024

While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.

Earth records hottest year since records began

bne IntelliNews July 24, 2024

Sunday, July 21 was the hottest day ever recorded globally in 100,000 years according to the EU climate monitoring service Copernicus, warning that the Climate Crisis is accelerating.

Six out of nine “planetary boundaries” have been crossed and a tenth has appeared

Ben Aris in Berlin July 24, 2024

Six out of the nine “planetary boundaries” that track how close humanity is coming to the environmental disaster have been crossed. And now there might be a tenth boundary: the amount of oxygen in oceans is starting to fall.

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