MM2H Programme To Introduce New Regulations Following Cabinet Approval
The Malaysia My Second Home (MM2H) programme is set to undergo new regulations following approval from the Cabinet, according to Datuk Seri Tiong King Sing, Minister of Tourism, Arts and Culture. Speaking at the Tourism Malaysia Overseas Office Marketing Action Plan Enhancement Session in Kuala Lumpur, Tiong confirmed that the details of the updated MM2H conditions would be announced imminently.
Read the full article here.
China’s Production Material Prices Drop In June
Most of the capital goods monitored by China’s statistical authorities registered lower prices in early June compared with late May, official data showed Friday.
Read the full article here.
Ringgit’s Next Move Hinges On Key Data From China
The ringgit weakened to above the 4.72/USD level on Monday before recovering back to below 4.71/USD on Thursday. The local currency was initially pressured by last Friday’s stronger-than-expected nonfarm payrolls reading. However, the softer-than-anticipated May CPI print helped the ringgit regain some ground. Subsequently, the USD index (DXY) rebounded to above the 105.0 level as the Fed, during the FOMC meeting, revised its inflation forecasts upward and signalled the possibility of only one rate cut this year, down from the previously expected three.
Read the full article here.
Sunway TES Centre For Accountancy Excellence Expands To Johor Bahru With New College Launch
Sunway TES Centre for Accountancy Excellence, a premier provider of professional accounting and financial programs, has officially expanded its presence to Johor Bahru with the soft launch of Sunway TES College Johor Bahru (JB).
Read the full article here.
DRB-HICOM May Come Out Of Lull By Transitioning To EV Leveraging Zhejiang Geely’s Tech Ecosystem
DRB-HICOM Berhad (DRBHCOM) has guided flattish vehicle sales in FY24 while transitioning to Electric Vehicles (EV) by leveraging parent Zhejiang Geely group’s technology and ecosystem—the all-new Proton e.MAS EV (CBU), using the Global Modular Architecture (GMA) platform, which is expected to hit the market by the end of 2024.
Read the full article here.
Hibiscus To Acquire TotalEnergies Brunei Ops For US$259.4 Million
Hibiscus Petroleum Berhad has announced that its wholly owned subsidiary Simpor Hibiscus Sdn Bhd has entered into a conditional Share Purchase Agreement with TotalEnergies Holdings International B.V. for the proposed acquisition of the entire equity interest in TotalEnergies EP (Brunei) B.V. for a total cash consideration of USD259.4 million.
Read the full article here.
BHP: Redefining Branded Hospitality Investment In Malaysia
Amidst a backdrop of economic resurgence, Malaysia’s property market is emerging from the shadows of uncertainty and poised for a renaissance.
Read the full article here.
Mi Technovation Envisages Higher Earnings Factoring In SSBU Numbers
Mi Technovation Berhad (Mi) expects a higher earnings per share contribution from its new Semiconductor Solutions Business Unit (SSBU) in FY25-26F.
Read the full article here.
Hibiscus Trading Suspended Pending Key Announcement
The securities trading of Hibiscus Petroleum has been suspended based on the request of the company pending key announcement.
Read the full article here.
Ministry Summons 10 Companies Over Price Hike Announcement
The Ministry of Domestic Trade and Cost of Living (KPDN) has issued Written Notices (WN) to 10 companies that announced price increases for goods and services following the diesel subsidy targeting, which commenced on June 10,
Read the full article here.