Business Editor

Lim Wei Jie

Wei Jie writes on macroeconomics, tech, and Southeast Asian markets. Previously based in Singapore.

117 articles published

Fertiliser firm Cropmate says frozen bank accounts released

Fertiliser producer Cropmate has announced the release of its frozen bank accounts, with the company confirming that none of its staff or leadership has faced legal action.

By Lim Wei Jie · 16 Jul 2026 · 3 min read

Apple sues OpenAI over alleged theft of trade secrets, ending high-profile tech partnership

Apple has initiated legal proceedings against OpenAI, claiming the AI firm unlawfully obtained proprietary technology. The dispute represents a significant rupture in what had been a closely watched strategic partnership between the two technology giants.

By Lim Wei Jie · 11 Jul 2026 · 4 min read

Malaysia Set to Capitalise on Drone Boom with Stronger Regulation and Industry Push, Anwar Says

Prime Minister Datuk Seri Anwar Ibrahim has committed government resources to position Malaysia as a regional drone hub, promising strengthened regulatory frameworks, research initiatives, and deeper collaboration with private operators to harness the sector's economic potential.

By Lim Wei Jie · 29 Jun 2026 · 4 min read

PM Anwar to Officially Launch LRT3 Shah Alam Line Tomorrow

Prime Minister Datuk Seri Anwar Ibrahim will officially launch the completed LRT3 Shah Alam Line on Sunday, June 28. The 37.8-kilometre corridor spanning from Bandar Utama to Johan Setia features 20 stations and is expected to benefit approximately two million residents.

By Lim Wei Jie · 27 Jun 2026 · 3 min read

Malaysia Must Accelerate Drone Technology Development to Boost Economy, Says PM Anwar

Prime Minister Anwar Ibrahim has called on Malaysia to rapidly advance its unmanned aerial vehicle and drone sector, positioning it as critical to the nation's economic competitiveness alongside artificial intelligence and digital transformation initiatives.

By Lim Wei Jie · 27 Jun 2026 · 5 min read

Maxim Expands Inclusive Mobility Push Across Malaysia With Accessible Services for Disabled and Vulnerable Groups

E-hailing platform Maxim is intensifying its commitment to inclusive transportation nationwide through affordable fares, specialised services for persons with disabilities, and strategic partnerships with healthcare providers and NGOs.

By Lim Wei Jie · 27 Jun 2026 · 4 min read

Alleged Information Breach Threatens Petronas-Petros Merger Talks, Court Hears

A witness told the court that a data breach involving a former subordinate could jeopardize ongoing merger negotiations between Malaysia's two major state oil firms, Petronas and Petros.

By Lim Wei Jie · 27 Jun 2026 · 4 min read

Government to Roll Out Affordable Housing for Civil Servants Across Malaysia

Prime Minister Anwar Ibrahim has unveiled plans for the government to construct affordable housing units for civil servants throughout Malaysia, signalling an effort to ease the property burden faced by the nation's public sector workforce.

By Lim Wei Jie · 26 Jun 2026 · 4 min read

Service Tax Exemption for Non-residential Buildings to Lighten Management Costs

Malaysia will exempt Service Tax on service charges and sinking fund contributions for non-residential buildings starting July 1, 2026, a move the Malaysian Institute of Property and Facility Managers says will ease operational costs.

By Lim Wei Jie · 26 Jun 2026 · 4 min read

CPTPP Backs US-Iran Deal, Pushes for Hormuz Strait Reopening to Stabilise Global Trade

The 12-member CPTPP trade bloc has endorsed the recent US-Iran agreement and called for the Strait of Hormuz to remain open to protect global energy trade and supply chain stability.

By Lim Wei Jie · 26 Jun 2026 · 4 min read

BNM Launches 'Semak Kasih' Portal to Help Malaysians Claim Forgotten Insurance and Takaful Benefits

Bank Negara Malaysia has unveiled the 'Semak Kasih' portal to assist beneficiaries in locating unclaimed insurance and takaful coverage left by deceased family members, addressing an estimated 50,000 unclaimed policies nationwide.

By Lim Wei Jie · 26 Jun 2026 · 5 min read

Cabinet to Convene Foreign Workers Committee Next Week Under Ahmad Zahid's Leadership

Malaysia's Cabinet has scheduled a dedicated committee meeting for next week to address foreign worker issues across sectors including food and beverage, to be chaired by Deputy Prime Minister Ahmad Zahid Hamidi.

By Lim Wei Jie · 26 Jun 2026 · 4 min read

PAAB Celebrates 20 Years Transforming Malaysia's Water Sector with RM46.88 Billion Investment Push

Pengurusan Aset Air Berhad celebrated its 20th anniversary, having mobilised RM46.88 billion in financing and investment to transform Malaysia's water services since 2006. Deputy Prime Minister Fadillah Yusof urged immediate action on water losses.

By Lim Wei Jie · 26 Jun 2026 · 4 min read

Tourism Malaysia Launches Domestic Campaign with KL Hop-On Hop-Off Buses Ahead of VM2026

Tourism Malaysia and KL Hop-On Hop-Off have partnered to launch a domestic tourism campaign using specially wrapped sightseeing buses to promote Visit Malaysia 2026, featuring attractions from 15 states with interactive QR codes linking to travel deals.

By Lim Wei Jie · 26 Jun 2026 · 4 min read

Malaysia Pursues Russian Investors Through Expanded Islamic Finance Strategy

Malaysia is actively pursuing Russian investment in its Islamic finance sector, planning regional visits and exporting shariah expertise. The initiative aims to strengthen the country's position as a global Islamic finance hub.

By Lim Wei Jie · 26 Jun 2026 · 4 min read

Ajinomoto Malaysia Deepens Middle East Footprint With Saudi Celebrity Chef Alliance

Ajinomoto (Malaysia) Berhad is accelerating its Middle East growth through partnerships with renowned Saudi chefs Chef Fadi Mneimneh and Chef Rakan Aloraifi, capitalizing on rising halal product demand.

By Lim Wei Jie · 25 Jun 2026 · 5 min read

Petronas advances Malaysia-Turkmenistan partnership through energy sector expansion

Petronas is positioning itself as a catalyst for strengthened Malaysia-Turkmenistan relations, leveraging its expanding Central Asian presence to unlock fresh opportunities in energy, trade, and regional cooperation.

By Lim Wei Jie · 25 Jun 2026 · 4 min read

Malaysia's Labour Market Shows Steady Resilience Despite Global Headwinds

Malaysia's employment landscape remains stable with unemployment at just 0.04% as of late June, down 20% from May. Job redeployment programmes have accelerated placements significantly, signalling effective government intervention.

By Lim Wei Jie · 25 Jun 2026 · 4 min read

Petronas Fuel Supply Secured Through August Amid Global Energy Pressures

Malaysia's fuel supplies through Petronas petrol stations will remain stable until August, covering roughly half of domestic consumption. A government crisis task force is actively monitoring energy security.

By Lim Wei Jie · 25 Jun 2026 · 4 min read

MPI Raises Over RM1 Million for Malaysia Press Night 2026

The Malaysian Press Institute has mobilised RM1.037 million in contributions and sponsorships for Malaysia Press Night 2026, with Prime Minister Anwar Ibrahim scheduled to attend the July 17 ceremony.

By Lim Wei Jie · 25 Jun 2026 · 4 min read

Malaysia Drafting Comprehensive e-Commerce Law to Strengthen Platform Accountability and Protect MSMEs

Malaysia's government is developing new legislation to regulate e-commerce platforms, strengthen their accountability, and create fairer competition for local micro, small and medium enterprises against foreign cross-border sellers.

By Lim Wei Jie · 25 Jun 2026 · 5 min read

Malaysia and Uzbekistan Chart Course for Agricultural Integration Through Innovation and Technology

Malaysia and Uzbekistan are strengthening agricultural ties through technology partnerships, with officials identifying smart farming and aquaculture as priority areas. Agri-food trade could triple within five to ten years.

By Lim Wei Jie · 25 Jun 2026 · 5 min read

PAPA Launches Comprehensive Insurance Scheme for Domestic Workers and Employers

The Malaysian Association of Employment Agencies has unveiled an insurance programme designed to protect both employers and domestic workers, filling gaps in coverage for abscondment, medical expenses, and illness-related absences.

By Lim Wei Jie · 25 Jun 2026 · 4 min read

Malaysia and Indonesia to Deepen Halal Industry Partnership

Malaysia and Indonesia will strengthen cooperation in halal industry development, trade, and rural advancement. Deputy PM Ahmad Zahid outlined plans for new Malaysia-Indonesia Halal Council and regional bodies to boost halal ecosystem competitiveness.

By Lim Wei Jie · 25 Jun 2026 · 4 min read

Over RM4 Billion Remains Available Under BNM's SME Support Facility, Says Akmal

Economy Minister Akmal Nasrullah says more than RM4 billion of the RM5 billion SME Stabilisation Relief Facility remains available for micro and small enterprises, with RM700 million already approved for over 1,000 companies.

By Lim Wei Jie · 25 Jun 2026 · 4 min read

Malaysia's KUSKOP Launches Strategic Plan 2030 to Strengthen Digital MSME Sector Against Foreign Competition

Malaysia's KUSKOP ministry has unveiled the MSME Strategic Plan 2030 to strengthen local digital entrepreneurs' competitiveness, addressing cost disadvantages against foreign competitors through platforms like MyMall and TikTok Shop collaborations.

By Lim Wei Jie · 24 Jun 2026 · 4 min read

Malaysian MD2 Pineapples Enter New Zealand Market, Targeting RM4.3 Million Annual Revenue

Malaysia has begun exporting MD2 pineapples to New Zealand, with projections of RM4.3 million in annual revenue. The initiative represents a strategic expansion beyond traditional Asian markets into the Pacific region.

By Lim Wei Jie · 24 Jun 2026 · 4 min read

Finance Ministry Open to Adjusting BUDI Diesel Programme Based on Real Usage Data

Finance Minister II Datuk Seri Amir Hamzah Azizan says the government will consider proposals to refine the BUDI MADANI Diesel subsidy programme, with any changes guided by real usage data rather than assumptions.

By Lim Wei Jie · 24 Jun 2026 · 4 min read

Malaysia's Civil Service Excellence Drives Rising Global Competitiveness, Says PM Anwar

Prime Minister Anwar Ibrahim has attributed Malaysia's ascent to 15th place in the IMD World Competitiveness Index 2026 to the professionalism and dedication of the nation's civil service, citing interest from foreign governments in replicating the model.

By Lim Wei Jie · 24 Jun 2026 · 4 min read

Policy Continuity Essential for Malaysia's Economic Transformation, Says Nga

Housing and Local Government Minister Nga Kor Ming has stressed that consistent policy implementation under the MADANI framework is vital for Malaysia's economic transformation and maintaining investor confidence.

By Lim Wei Jie · 24 Jun 2026 · 4 min read

Malaysia Eyes Deeper German SME Partnerships in Green Technology and Skills Development

Malaysia is actively courting investment from German small and medium enterprises in green technology, renewable energy and water management, with Deputy PM Fadillah emphasising the strategic importance of strengthening bilateral ties and vocational training cooperation.

By Lim Wei Jie · 24 Jun 2026 · 5 min read

Anwar Signals Malaysia's Pivot Towards Central Asian Energy Ties

Prime Minister Anwar Ibrahim's recent diplomatic tour of Russia and Turkmenistan has yielded major breakthroughs in energy collaboration, signalling Malaysia's strategic diversification away from traditional sources and towards Central Asian suppliers.

By Lim Wei Jie · 24 Jun 2026 · 4 min read

Malaysia's Housing Market Shows No Signs of Anti-Competitive Conduct, Says Deputy Minister

Malaysia's Competition Commission has found no evidence of anti-competitive practices in the housing market, Deputy Domestic Trade and Cost of Living Minister Datuk Dr Fuziah Salleh told parliament. House prices have remained stable with moderate growth.

By Lim Wei Jie · 24 Jun 2026 · 4 min read

Ajinomoto Malaysia's Parent Seeks Full Privatisation Via RM603.4mil Buyout

Ajinomoto Co Inc, which owns 50.38% of Ajinomoto (Malaysia) Bhd, is moving to privatise the flavouring company through a capital reduction exercise valued at RM603.4mil, or RM20 per share, to simplify operations and exit the public markets.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

Ajinomoto Co Inc to Take Full Control of Malaysian Subsidiary in RM603.4 Million Privatisation

Ajinomoto Co Inc plans to privatise its Malaysian subsidiary for RM603.4 million, acquiring the remaining 49.62% stake at RM20 per share—a significant premium designed to compensate minority investors for years of illiquid trading on Bursa Securities.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

MADANI Mart is Private Retail Operation Under Foundation, Not Government Initiative

Malaysia's Domestic Trade Minister Datuk Armizan Mohd Ali clarified that MADANI Mart operates as a private retail brand owned by Yayasan MADANI, not a government initiative, with business entities obtaining licences through an application process.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

Malaysia's Union Membership Remains Low at Six Per Cent, Minister Notes

Malaysia's union membership stands at just six per cent of the workforce, prompting Human Resources Minister Datuk Seri R. Ramanan to call for greater worker participation and understanding of union benefits.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

HPM Carnival in Melaka Generates RM8.45 Million in Business Potential

Malaysia's HPM 2026 Carnival in Melaka drew 70,000 visitors and unlocked RM8.45 million in business matching value and financing potential, supporting entrepreneurs across the nation.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

Malaysia Advances Twin Competition Law Reforms to Strengthen Market Oversight

Malaysia's parliament received two competition-related amendment bills that would expand the Malaysia Competition Commission's investigative authority, broaden regulatory scope beyond commercial activities, and strengthen enforcement mechanisms.

By Lim Wei Jie · 23 Jun 2026 · 5 min read

INSKEN and UiTM Rally Nearly 7,000 Students for Entrepreneurship Summit, Set National Record

The Usahawan MADANI Mega 2026 entrepreneurship seminar drew 6,877 participants nationwide, earning Malaysia's record for largest student participation in an entrepreneurship event and reflecting rising interest in business ventures among Malaysian youth.

By Lim Wei Jie · 23 Jun 2026 · 6 min read

QEW Rejects Fraud Allegations Over RM20.45 Million Investment Dispute

QEW has denied fraud allegations tied to a RM20.45 million investment scheme, asserting that 111 litigating investors understood the inherent risks involved before committing their capital.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

KESUMA Launches Reskilling Drive to Support Workers Displaced by Supply Chain Disruptions

The Ministry of Human Resources is rolling out upskilling and reskilling initiatives through TVET programmes for workers displaced by global supply chain disruptions, with employment assistance provided via PERKESO's MYFutureJobs platform.

By Lim Wei Jie · 23 Jun 2026 · 5 min read

US Labour Investigation into Malaysia Nears Critical Stage Amid Tariff Threat

The United States is wrapping up its investigation into alleged forced labour practices in Malaysia, with officials indicating a possible 10% tariff could be imposed after July 24 if violations are substantiated.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

Malaysia To Implement Forced Labour Import Ban Ahead Of US Tariff Deadline

Malaysia is developing a mechanism to prohibit imports of goods produced using forced labour, establishing an inter-agency task force to address US trade compliance requirements and avoid potential tariffs.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

Malaysia to Save RM2 Billion Annually Through BUDI MADANI Diesel Reform

Malaysia's government expects to recoup RM2 billion annually through the BUDI MADANI Diesel programme launching July 1, using MyKad verification to prevent subsidy abuse and cross-border smuggling.

By Lim Wei Jie · 23 Jun 2026 · 5 min read

Malaysia Pivots to Impact-Driven Research as Universities Ramp Up Commercialisation Efforts

Malaysia's Higher Education Ministry is intensifying efforts to translate university research into commercial products and economic value, shifting from traditional publication-focused approaches to industry-aligned innovation strategies.

By Lim Wei Jie · 23 Jun 2026 · 5 min read

Bangladesh PM Tarique Rahman extends investment overture to Malaysian business community

Bangladesh Prime Minister Tarique Rahman has invited Malaysian investors to tap into new business opportunities, emphasizing the country's strengthened regulatory framework and economic potential for regional partnerships.

By Lim Wei Jie · 23 Jun 2026 · 4 min read

Selangor to Offer Assessment Tax Cuts for Eco-Friendly Homes from July 1

Selangor will launch assessment tax reduction guidelines for environmentally conscious homeowners from July 1, rewarding those who adopt solar energy, energy-efficient appliances, and sustainable practices.

By Lim Wei Jie · 23 Jun 2026 · 5 min read

Port Klang Third Terminal Land Issues Resolved, State Eyes Federal Green Light

Selangor has finalised all land matters for Port Klang's third terminal on Pulau Carey, securing over 1,700 hectares across seabed and state-owned land. The project now awaits federal approval on ownership and jurisdiction before construction can begin.

By Lim Wei Jie · 22 Jun 2026 · 4 min read

Diesel Price Cut to RM2.10 Signals Success of MADANI's Targeted Subsidy Strategy

Malaysia is cutting its subsidised diesel price to RM2.10 per litre from July, marking a tangible win for the MADANI Government's economic reform agenda and targeted subsidy approach using MyKad verification.

By Lim Wei Jie · 22 Jun 2026 · 5 min read

Johor Received RM2 Billion More Than It Contributed to Federal Coffers, Says Anwar

Prime Minister Anwar Ibrahim revealed that the federal government channelled RM16 billion to Johor over three years, exceeding the state's RM14 billion contribution to federal revenue.

By Lim Wei Jie · 22 Jun 2026 · 4 min read

Malaysia to Strengthen Bangladesh Worker Recruitment Framework Through Joint Initiative

Malaysia's Human Resources Ministry commits to reinforcing governance standards for Bangladeshi workers through a newly established Joint Working Group with Bangladesh, aimed at ensuring transparent and ethical recruitment practices.

By Lim Wei Jie · 22 Jun 2026 · 4 min read

Bangladesh Deepens Regional Ties with ASEAN Ambitions and RCEP Interest

Bangladesh's Prime Minister Tarique Rahman has signalled his country's desire for deeper integration with ASEAN, including potential membership as a Sectoral Dialogue Partner, whilst exploring accession to the Regional Comprehensive Economic Partnership.

By Lim Wei Jie · 22 Jun 2026 · 4 min read

Malaysia, Bangladesh Chart Strategic Course Into AI, Energy and Semiconductors

Malaysia and Bangladesh are set to deepen economic cooperation across artificial intelligence, energy, and semiconductors, moving beyond traditional agricultural ties, PM Anwar Ibrahim announced during Bangladesh PM Tarique Rahman's state visit.

By Lim Wei Jie · 22 Jun 2026 · 5 min read

Parliament to Debate Hormuz Strait Impact and AI Governance as Session Opens

Malaysia's Parliament convenes for a 16-day session beginning today, with lawmakers set to examine the economic fallout from Strait of Hormuz disruptions and debate critical legislation on artificial intelligence governance and cybercrime.

By Lim Wei Jie · 22 Jun 2026 · 3 min read

Melaka's MSME Sector Gains RM100 Million Boost as Ministry Intensifies Financing Drive

Malaysia's Ministry of Entrepreneur Development and Cooperatives has disbursed nearly RM100 million to over 4,300 entrepreneurs in Melaka, part of a nationwide push to strengthen the MSME sector and create employment opportunities.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

Tambirat Waterfront project collapse to trigger legal battles, Sarawak minister warns

Sarawak state officials expect court proceedings over the collapsed Tambirat Waterfront project's Phase One, which will delay Phase Two development and postpone a major regatta event.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

TEKUN Nasional Pushes for Express Loan Approvals to Boost MSME Access to Capital

TEKUN Nasional is piloting a 24-hour financing approval system for loans below RM20,000, set to roll out within two to three months. The initiative aims to accelerate working capital access for Malaysia's micro, small and medium enterprises.

By Lim Wei Jie · 21 Jun 2026 · 6 min read

Penang Chinese Town Hall Reports RM12.61mil Revenue, Flags Civic Participation in Election Year

Penang Chinese Town Hall posted RM12.61 million in revenue for 2025, slightly exceeding expenditure. Leadership emphasized civic duty as Malaysia approaches state elections.

By Lim Wei Jie · 21 Jun 2026 · 3 min read

Petronas-Petros Talks Show Encouraging Momentum, Says Anwar

Prime Minister Datuk Seri Anwar Ibrahim has indicated that discussions between Malaysia's Petronas and Sarawak's Petros are advancing favourably, signalling potential resolution of longstanding resource tensions.

By Lim Wei Jie · 21 Jun 2026 · 3 min read

Rim Builds Rural Economy Through Tourism and Local Enterprise

Rim state constituency is pursuing rural economic growth through community tourism initiatives and support for local industries including batik, agricultural products, and homestays, with the annual mountain bike challenge attracting over 1,000 participants.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

Diesel Price Cut to RM2.10 Per Litre Brings Relief Across Malaysia

Malaysia will reduce subsidised diesel to RM2.10 per litre from July 2026, bringing relief to traders, contractors, and operators dependent on fuel costs for their livelihoods.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

Subsidised Diesel Price Set at RM2.10 Per Litre from July 2026, Announces PM Anwar

Prime Minister Anwar Ibrahim has announced a reduction in subsidised diesel prices to RM2.10 per litre beginning July 2026, implementing a targeted subsidy system similar to the RON95 petrol programme.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

KPKT To Overhaul CCC Framework For Faster, Greener Development Approvals

Malaysia's Housing and Local Government Ministry is launching a comprehensive review of the Certificate of Completion and Compliance framework, establishing a task force to cut red tape, enhance digital processes, and strengthen sustainable development standards.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

Malaysia's Inflation Trajectory Shows Resilience, Yet Vulnerability to External Pressures Persists

Malaysia's inflation trajectory currently appears stable in the near term, though structural weaknesses leave the economy exposed to commodity price fluctuations and foreign exchange movements that could destabilise prices.

By Lim Wei Jie · 21 Jun 2026 · 3 min read

Malaysia Charts Diverse Economic Course Across Central Asia and Caucasus

Prime Minister Anwar Ibrahim's four-day diplomatic tour across Central Asia demonstrates Malaysia's deliberate effort to expand economic partnerships beyond traditional markets, securing energy deals and trade frameworks amid intensifying global competition.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

Energy Diplomacy Yields Dividends: Malaysia Strengthens Supply Lines Through Russia and Turkmenistan

Prime Minister Anwar Ibrahim's strategic visits to Russia and Turkmenistan have yielded significant energy agreements, reinforcing Malaysia's position within BRICS and diversifying the nation's fuel supply chains.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

Government Deploys RM9.8 Billion Microfinance Push to Strengthen Small Trader Access

Malaysia's government has committed RM9.8 billion in microfinancing funds across six major institutions to broaden credit access for hawkers and small entrepreneurs, with early success at grassroots farmers' markets.

By Lim Wei Jie · 21 Jun 2026 · 5 min read

Petronas's Turkmenistan expansion cements Malaysia's energy footprint on world stage

Petronas's deepening involvement in Turkmenistan's energy sector provides Malaysia with crucial access to some of the world's largest untapped gas reserves, positioning the nation as a key player in global energy markets.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

Bank Rakyat raises RM300 million through sukuk issuance to bolster capital base

Bank Rakyat has tapped the sukuk market, issuing RM300 million in Islamic bonds to strengthen its capital position and finance expansion plans across Malaysia.

By Lim Wei Jie · 21 Jun 2026 · 3 min read

Takaful IKHLAS Distributes Aid to Needy Communities in Seremban for Aidiladha

Takaful IKHLAS, a subsidiary of MNRB Holdings, has launched the Kasih Korban Programme in Seremban to provide Aidiladha assistance to asnaf recipients and needy families, distributing 700 packets of sacrificial meat through RM59,500 in contributions.

By Lim Wei Jie · 21 Jun 2026 · 4 min read

ASEAN Property Developers Awards 2025/2026 Honours 70+ Industry Leaders Driving Regional Growth

More than 70 awards were bestowed on outstanding property developers and quality brands at the ASEAN Property Developers Awards 2025/2026 ceremony in Kuala Lumpur, celebrating regional business excellence and sustainable development initiatives.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Putin pledges two decades of stable oil and gas supplies to Malaysia

Russian President Vladimir Putin has assured Malaysia of reliable oil and gas supplies over the next 20 years, according to Prime Minister Anwar Ibrahim. The commitment forms part of broader efforts to strengthen energy security and trade ties.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Malaysia's RM2.77 billion property overhang: Why affordable homes gather dust on developer shelves

Malaysia's property market faces a mounting crisis as 14,201 completed residential units worth RM2.77 billion sit unsold. The overhang exposes a fundamental disconnect between developer supply strategies and what ordinary Malaysian households can actually afford.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Southern Shuttle Service to Run on Diesel Trains Temporarily, Says Transport Minister Loke

Malaysia's Transport Minister Anthony Loke has clarified that diesel trains operating on the Southern Shuttle service represent a temporary solution while the government awaits delivery of new Electric Multiple Unit trains, with annual subsidies allocated.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

13,425 Johor Employers Tap HRD Corp Training Ecosystem, Benefiting Nearly 480,000 Workers

Johor's participation in the HRD Corp ecosystem has reached 13,425 employers, with training programmes benefiting 479,905 workers. The state collected RM208.21 million in levies, channelling RM183.96 million back to employers for workforce development.

By Lim Wei Jie · 20 Jun 2026 · 5 min read

Malaysia pivots toward high-tech economy, Anwar charts course on semiconductors and AI

Prime Minister Datuk Seri Anwar Ibrahim has signalled Malaysia's transition toward a technology-centric economy, emphasising semiconductors, innovation and artificial intelligence as pillars of future growth.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

MAHA 2026 To Attract International Exhibitors, Boosting Value For Local Agribusiness Community

MAHA 2026 will mark a watershed moment for Malaysia's agriculture sector, welcoming international exhibitors from seven countries for the first time while launching a new food supply monitoring system.

By Lim Wei Jie · 20 Jun 2026 · 5 min read

Telekom Malaysia Pledges RM500,000 to Support Media Practitioners Through Tabung Kasih@HAWANA

Telekom Malaysia has committed RM500,000 as strategic partner of Tabung Kasih@HAWANA, a welfare fund for media practitioners. The contribution aims to strengthen support for journalists facing industry challenges.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Media Sector Hails RM1 Million Welfare Boost and Innovation Fund Extension

Prime Minister Datuk Seri Anwar Ibrahim has pledged an additional RM1 million to the Tabung Kasih@HAWANA welfare fund and extended the Media Innovation Fund, drawing praise from media organisations and journalist associations across Malaysia.

By Lim Wei Jie · 20 Jun 2026 · 3 min read

Malaysia and Thailand in Intensive Negotiations Over Shrimp Import Restrictions

Malaysia and Thailand are engaged in intensive negotiations to resolve a temporary suspension of shrimp imports affecting five species. Both nations seek solutions protecting their interests, with Thailand warning of potential WTO and ASEAN escalation if talks fail.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

PM Anwar Pledges RM1mil for Journalists' Welfare Fund at Hawana 2026

Prime Minister Datuk Seri Anwar Ibrahim has committed RM1 million to Tabung Kasih@Hawana 2026, a welfare fund for journalists, underlining the government's broader commitment to supporting media sector development.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Russia and Turkmenistan Partnerships to Secure Malaysia's Energy Future for Two Decades

Prime Minister Anwar Ibrahim has announced strategic energy partnerships with Russia and Turkmenistan, guaranteeing Malaysia's oil and gas supplies for at least two decades while opening export opportunities to major Asian economies.

By Lim Wei Jie · 20 Jun 2026 · 5 min read

Penang and Hungary Chart Course for Deeper Cooperation in Education, Innovation and Sustainability

Penang is pursuing expanded partnerships with Hungary across education, technology and sustainability sectors, with the Hungarian government offering 40 annual scholarships to Malaysian students.

By Lim Wei Jie · 20 Jun 2026 · 5 min read

Malaysia's diplomatic balance attracts investors, Anwar says

Prime Minister Anwar Ibrahim says Malaysia's policy of maintaining neutrality while engaging all major powers is buttressing investor confidence and catalysing economic growth across the region.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Turkmenistan gas stake signals growing international confidence in Malaysia's stability, says Anwar

Prime Minister Anwar Ibrahim says Turkmenistan's decision to award Petronas a stake in a major gas field demonstrates international confidence in Malaysia's economic strength and political stability.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Over 52,000 Malaysian Taxpayers Declare RM4.07 Billion Under E-Invoicing Initiative

Malaysia's e-Invoicing system has prompted over 52,000 taxpayers to declare RM4.07 billion in previously unreported income since its introduction last August. The Inland Revenue Board is leveraging data analytics to improve compliance ahead of mandatory requirements.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

Malaysia and Turkmenistan Chart Course for Expanded Energy and Economic Partnership

Malaysia and Turkmenistan have committed to deepening energy sector cooperation and broadening economic ties across multiple sectors following Prime Minister Anwar Ibrahim's official visit to the Central Asian nation.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

AirAsia's Jakarta-Kota Bharu Link Poised to Drive Kelantan Tourism Growth Under Visit Malaysia 2026

AirAsia has launched a direct flight service connecting Jakarta and Kota Bharu, positioning the route as a strategic asset for Kelantan's tourism expansion and regional economic growth tied to the Visit Malaysia 2026 campaign.

By Lim Wei Jie · 20 Jun 2026 · 4 min read

111 Investors Launch Legal Action Against QEW Group Over RM20.45 Million Loss

A group of 111 investors has initiated legal proceedings against QEW Group Bhd and its directors, alleging losses of RM20.45 million from a Shariah-compliant investment scheme. The case highlights growing concerns among retail investors in Islamic finance products.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

MyCC and DOSM Join Forces to Boost Data-Driven Economic Analysis

Malaysia's competition regulator and statistics agency have partnered to strengthen data sharing and economic analysis, positioning the country to better monitor market dynamics and enforce fair competition across sectors.

By Lim Wei Jie · 19 Jun 2026 · 5 min read

KPDN Seizes RM600,000 in Counterfeit Goods Across Johor Bahru Locations

Malaysia's Ministry of Domestic Trade and Cost of Living has dismantled a counterfeit goods operation in Johor Bahru, confiscating RM600,000 worth of fake branded merchandise and detaining four individuals suspected of operating the illegal distribution network.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

Sultan Nazrin Briefed on Perak's Communication Infrastructure Drive

Communications Minister Datuk Fahmi Fadzil has updated the Sultan of Perak on the government's push to strengthen communication networks and broaden service reach throughout the state, with online safety also featuring in discussions.

By Lim Wei Jie · 19 Jun 2026 · 3 min read

US-Iran Peace Deal Could Stabilise Oil Markets, But Recovery Takes Time, Says Malaysian Official

A US-Iran peace agreement offers potential relief for global oil markets, though price recovery will take months as logistics costs and supply disruptions unwind, according to Malaysia's Political Secretary to the Finance Minister.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

CIMB Islamic and Penang Islamic Council Empower 20 Entrepreneurs with Motorcycles

A collaborative initiative between CIMB Islamic Bank and Penang's Islamic Religious Council has awarded motorcycles and business training to 20 selected entrepreneurs from the asnaf community, part of broader efforts to create sustainable income generation.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

Petronas and Turkmenistan forge strategic energy partnership as Malaysia deepens Central Asian ties

Prime Minister Anwar Ibrahim witnessed the signing of a strategic partnership between Petronas and Turkmenistan, cementing Malaysia's position in Central Asian energy markets and capitalising on three decades of bilateral cooperation.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

111 investors seek RM20.5 million from QEW Group over collapsed investment scheme

More than 111 investors have launched a High Court action against QEW Group and two company directors, collectively seeking RM20.5 million in return of their investment capital following the scheme's collapse.

By Lim Wei Jie · 19 Jun 2026 · 3 min read

DBKL Commits RM200 Million to Modernise 287 Hawker Sites Under Lestari Niaga Initiative

Kuala Lumpur City Hall has unveiled a RM200 million overhaul of 287 hawker sites, expected to benefit over 11,000 traders. The Lestari Niaga initiative includes monthly assistance and modern kiosks for affected traders.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

MSCI Deepens Indonesia Transparency Worries as Downgrade Decision Looms

Index giant MSCI has raised fresh concerns about Indonesia's market transparency, citing murky shareholding data and suspicious trading patterns. The verdict on downgrading Indonesia from emerging to frontier status comes next week, potentially triggering $13 billion in foreign fund exits.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

Kelantan Chamber Flags Exploitation of Local Names in Foreign-Run Businesses

The Kelantan Malay Malaysian Chamber of Commerce has raised concerns about foreign nationals exploiting marriages and partnerships with locals to operate businesses while circumventing licensing and tax requirements.

By Lim Wei Jie · 19 Jun 2026 · 4 min read

Anwar to Deepen Economic Ties with Turkmenistan Through High-Level Talks

Prime Minister Anwar Ibrahim is wrapping up his official visit to Turkmenistan with a series of high-level meetings focused on strengthening trade and investment relationships between Malaysia and the Central Asian nation.

By Lim Wei Jie · 19 Jun 2026 · 3 min read

Malaysia to Deepen Trade and Energy Partnership with Turkmenistan Under Anwar's Diplomatic Push

Prime Minister Anwar Ibrahim is leveraging a state visit to Turkmenistan to unlock new trade opportunities, energy partnerships, and investment channels for Malaysia in Central Asia's resource-rich economy.

By Lim Wei Jie · 18 Jun 2026 · 4 min read

Port Klang 3 construction timeline depends on resolving land disputes with Selangor, says Loke

Transport Minister Anthony Loke says Port Klang 3 could begin construction this year if land disputes with the Selangor government are resolved, keeping the ambitious expansion project on schedule.

By Lim Wei Jie · 18 Jun 2026 · 3 min read

Port Klang Free Zone Reports RM108 Million Revenue as Reactivation Efforts Reach 86%

The Port Klang Free Zone has generated RM108 million in revenue while achieving an 86% reactivation rate, according to Transport Minister Loke Siew Fook, marking steady progress in Malaysia's port sector recovery.

By Lim Wei Jie · 18 Jun 2026 · 4 min read

Japan's Updated Indo-Pacific Strategy Aligns with Malaysia's Digital Ambitions

Japan's updated Free and Open Indo-Pacific framework directly supports Malaysia's vision as a regional digital hub, with Japanese Ambassador Noriyuki Shikata highlighting alignment on AI, data security and semiconductor partnerships.

By Lim Wei Jie · 18 Jun 2026 · 4 min read

Malaysia Set to Explore Bilateral Trade Settlements Using Ringgit and Partner Currencies

Prime Minister Anwar Ibrahim has indicated Malaysia will seriously examine conducting bilateral trade using local currencies rather than the US dollar, citing successful models established with trading partners including China.

By Lim Wei Jie · 18 Jun 2026 · 3 min read

Selangor Moving to Resolve Land Issues for Port Klang Third Terminal Development

Malaysia's Transport Ministry and Selangor State Government are actively addressing land ownership complications delaying the Port Klang Third Terminal project on Carey Island, with construction potentially beginning this year under a concession framework.

By Lim Wei Jie · 18 Jun 2026 · 4 min read

MACC Uncovers RM9 Million Fraud in Government Wage Incentive Scheme

Malaysian Anti-Corruption Commission investigators have dismantled a coordinated fraud operation in which company owners, agents and accountants misused personal information to illegally obtain approximately RM9 million from a government wage incentive programme.

By Lim Wei Jie · 18 Jun 2026 · 3 min read

Austria's AT&S to invest RM9.4 billion in Kulim, signalling stronger investor confidence in Malaysia

Austrian electronics manufacturer AT&S has committed RM9.4 billion to expand operations in Kulim, Kedah. Prime Minister Anwar Ibrahim highlighted the investment as evidence of renewed international confidence in Malaysia's governance and economic stability.

By Lim Wei Jie · 17 Jun 2026 · 3 min read

Carbon Tax Framework Still Under Development, Says Natural Resources Minister

Malaysia's government is refining its carbon tax proposal, considering industry readiness and global uncertainties. Implementation timing remains under discussion, with revenues potentially directed toward climate adaptation and forest conservation.

By Lim Wei Jie · 17 Jun 2026 · 5 min read

Shuttle Selatan Rail Service Launched to Connect Kulai, JB Sentral and Pasir Gudang

Malaysia's Transport Ministry has unveiled the Shuttle Selatan service connecting three major Johor centres. The initiative aims to serve over two million residents through improved rail connectivity and supporting transport infrastructure.

By Lim Wei Jie · 17 Jun 2026 · 3 min read

Animal Feed Factory Raided Over Unauthorized Flour Storage in Kedah

Malaysian authorities raided an animal feed processing factory in Kedah's Kuala Ketil Industrial Area, seizing over 53,000 kilograms of wheat flour valued at RM100,251 after discovering the facility lacked proper authorization to store the commodity.

By Lim Wei Jie · 17 Jun 2026 · 3 min read

GLIC investment in Bumiputera firms surges to RM2bil in 2026 push

Malaysia's government-linked investment companies have lifted their annual investment commitment to Bumiputera firms to RM2 billion in 2026, a 54% jump from RM1.3 billion the previous year, marking an aggressive push to strengthen indigenous entrepreneurship.

By Lim Wei Jie · 16 Jun 2026 · 4 min read

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