[ MELAKA: ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka, over the next five years for its second-phase business expansion. Chief executive officer Chris Hsu said the company has already invested more than US$55 million (RM258 … Read more
[ AHMEDABAD: Adani Family, the promoters of Ambuja Cements Limited, on Wednesday announced that it will infuse an additional Rs 8,339 crore into Ambuja Cements Limited, by fully subscribing to the warrants programme in the company. This will take the promoter’s total infusion of Adani Family to Rs 20,000 crore into Ambuja Cements, the cement … Read more
[ NEW DELHI: The Asian Development Bank raised India’s growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB … Read more
[ HYDERABAD: Sustainable circularity startup Recykal has secured a Rs 110 crore (around $13 million) pre-series B investment from a Category II scheme managed by 360 ONE Asset Management Limited, formerly known as IIFL Asset Management Limited.The investment is learnt to have come from Manipal Group founder chairman Dr Ranjan D Pai’s family office and … Read more
[ Fixed Deposit Interest Rates: Fixed deposits (FDs) offer a secure avenue for investment, particularly favored by risk-averse individuals and senior citizens. Recently, several top banks have raised their FD interest rates, with some offering up to 8.1% on 1-3 year tenures, making them an attractive option for those seeking stable returns.What is a Fixed … Read more
[ PETALING JAYA: More high-skilled jobs are needed if Malaysian students are to take up science, technology, engineering and mathematics (STEM) courses, say academics. Parents and students must be assured that there are well-paying jobs for such talents when they graduate, but this is currently not the case, said National STEM Association president and founder … Read more
[ KUALA LUMPUR: The Employees Provident Fund (EPF) has released a revised list of unit trust funds that qualify under the EPF Members Investment Scheme (EPF MIS) effective April 1, 2024. According to the EPF, there are 296 approved funds from 18 fund management institutions (FMIs) under the EPF MIS. Based on the annual evaluation … Read more
[ PUTRAJAYA: Malaysia has successfully attracted potential foreign investments amounting to RM76.1 billion as of March this year, the result of the country’s successful trade and investment missions in Australia, Germany and France, said Prime Minister Datuk Seri Anwar Ibrahim. He attributed the success to the collaborative efforts of several ministries and government agencies, such … Read more
[ BEIJING will continue to enhance its business environment to attract investment by introducing a series of foreigner-friendly measures and strengthen international exchanges, amid its comprehensive efforts to promote high-quality development. Yin Yong, mayor of Beijing, made the statement at a news conference held by the State Council Information Office on Tuesday morning. “We know … Read more
[ KUALA LUMPUR: Malaysia has secured potential investments worth RM46 billion and potential Malaysian exports valued at RM2.4 billion from its recent trade and investment mission to Germany and France. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who was leading the mission, said among notable companies engaged during the mission were … Read more
