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Business

CSTS Enterprises and JETBAY Announce Strategic Partnership to Elevate Sports and Leisure Travel Experiences

HONG KONG, April 1, 2026 /PRNewswire/ — CSTS Enterprises, together with its subsidiary Connexus Travel, announced a strategic partnership with JETBAY, Asia’s largest private jet charter platform, to deliver premium, .... read more

PolicyStreet Secures Second Sovereign Wealth Fund Backing in Series C First Close

KUALA LUMPUR, 1 APRIL 2026 — PolicyStreet, a Malaysian-born regional insurtech company, has secured RM84 million (US$21 million) in the first close of its Series C funding round, led by .... read more

Countdown to a Global Stage: Thailand Fully Prepares to Host the 2026 IMF-World Bank Annual Meetings

BANGKOK, /PRNewswire/ — The IMF–World Bank Group Annual Meetings are held every October, rotating between the institutions’ headquarters in Washington, D.C., United States (for two consecutive years) and a selected .... read more

Ringgit opens higher as US signals withdrawal from Iran

KUALA LUMPUR — The ringgit opened higher against the US dollar on Wednesday as global sentiment improved on hopes that the US may be leaving Iran in a matter .... read more

AIA launches ProsperLife Insurance Plan: Lifelong protection for every stage of life

HONG KONG, /PRNewswire/ — AIA Hong Kong & Macau announces the launch of the ProsperLife Insurance Plan, a participating whole life insurance plan designed to support customers and their families’ .... read more

KUALA LUMPUR, April 1 — Malaysia’s fintech sector continues to gain momentum as a key driver of the nation’s digital economy, with industry leaders highlighting ongoing efforts to accelerate innovation and financial inclusion. During a recent engagement, Sheyantha Abeykoon, Group Chief Executive Officer of Boost Holdings, and Ungku Liza, Deputy CEO of Boost Bank, presented the latest developments and strategic initiatives undertaken by the digital bank in advancing the fintech landscape. The session underscored the growing importance of fintech in propelling Malaysia’s digital economy to greater heights, particularly in enhancing accessibility, efficiency, and innovation within the financial ecosystem. Efforts by Boost Bank were positively received, with recognition given to its role in delivering tangible impact across the sector. Its initiatives are seen as contributing significantly to expanding digital financial services and supporting broader economic growth. The engagement reflects continued collaboration between stakeholders to ensure Malaysia remains competitive in the rapidly evolving global fintech space, while fostering a more inclusive and resilient digital economy.

Boost Bank Drives Fintech Growth as Malaysia Accelerates Digital Economy Agenda

KUALA LUMPUR, April 1 — Malaysia’s fintech sector continues to gain momentum as a key driver of the nation’s digital economy, with industry leaders highlighting ongoing efforts to accelerate innovation .... read more

Nestlé Professional Debuts NESCAFÉ Fusion 3, Helping Businesses Cut Energy Use in Singapore

SINGAPORE, /PRNewswire/ — As Singapore businesses prepare for continued pressure from rising energy prices and growing sustainability expectations, Nestlé Professional Singapore today introduced the NESCAFÉ Fusion 3, a next-generation bean-to-cup .... read more

"BNM's liabilities consist primarily of currency in circulation (2025: RM177.75 billion; 2024: RM170.72 billion) and deposits by financial institutions (2025: RM118.06 billion; 2024: RM131.92 billion)," said BNM in its 2025 Annual Report released today. For the financial year ended Dec 31, 2025, BNM recorded a net profit of RM12.45 billion (2024: RM13.16 billion), following total income of RM14.35 billion (2024: RM14.98 billion), after deducting costs related to reserve portfolio management and monetary operations. In 2025, BNM spent RM1.86 billion to manage the organization. Of the net profit of RM12.45 billion, RM7.45 billion (2024: RM7.91 billion) will be transferred to the Risk Reserve, which amounts to RM155.31 billion at the end of 2025 (2024: RM147.90 billion). “Given that 85 percent of BNM's assets are denominated in foreign currencies, it is important for BNM to build up adequate Risk Reserves. "This allows BNM to buffer financial market volatility as well as fluctuations in the exchange rate of foreign currency assets," explained BNM.

BNM to pay RM5 billion in dividends to government, total assets RM602.22 billion

KUALA LUMPUR — Bank Negara Malaysia (BNM) will pay a dividend of RM5 billion to the government for 2025. Total assets as at Dec 31, 2025 stood at RM602.22 billion .... read more

KUALA LUMPUR: Strengthening economic fundamentals and policy buffers in the face of global trade uncertainties is an important step to ensure continued growth and, in turn, guarantee the well-being of the people, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour. He said that improvements in fiscal sustainability and attracting quality investment have created space to continue implementing much-needed reforms in social protection and the labor market. "These reforms may require some short-term adjustments, but these adjustments are necessary to ensure more inclusive growth and provide benefits to the people, including future generations," he said in the BNM 2025 Annual Report released here today. The central bank projects Malaysia's Gross Domestic Product (GDP) to grow between four percent and five percent in 2026 as Malaysia's domestic resilience and diversified export structure provide a strong foundation to face external challenges. Malaysia's path towards becoming a high-income developed nation must be built on the foundation of shared prosperity. “We need to build an economy that creates higher-paying jobs, supports households and businesses, and remains resilient for decades to come,” said the Governor. Abdul Rasheed said the financial sector remained effective in moving funds between savers and borrowers. “Financial institutions remain well-capitalized and operationally resilient, supported by more than adequate liquidity buffers and good asset quality. "This ensures continued access to financing for households and businesses, thus supporting consumption, investment and sources of income," he said. Looking ahead, he said in an increasingly fragmented world, ASEAN could be a source of strength. In the face of significant global trade tensions, ASEAN's united commitment to provide a prudent and constructive response reflects this principle. For Malaysia, being part of a region that upholds cooperation and stability is an important core in facing an increasingly complex global landscape. In this regard, BNM is leading efforts to advance more integrated regional financial and economic integration through the Financial Track. The regional payment network continues to expand, with 29 payment networks now operating across ASEAN member countries. “Now, tourists making purchases or small businesses selling products across borders can make and receive payments faster, more securely and at a lower cost. "This development reduces friction, expands opportunities and supports the income sources of the ASEAN community," he said. He said ASEAN's ability to respond collectively to external shocks has also been strengthened, including through the enhancement of the Chiang Mai Multilateralisation Initiative as well as several key strategies under the ASEAN Geoeconomic Task Force. All of these measures strengthen ASEAN's ability to act together against external shocks, thus creating an additional layer of resilience to face global uncertainties. "For BNM, the priority will continue to be on preparedness to face the challenges ahead, without neglecting the long-term priorities of enhancing economic prospects and preserving the country's resilience," he said. Abdul Ghaffour said the Monetary Policy Committee will continue to closely monitor developments and assess the balance of risks to the growth and inflation outlook. "BNM also continues to stand ready, as it has done throughout several episodes of significant uncertainty, to ensure that the market remains orderly and manage the risk of excessive volatility," he said. With the Financial Sector Plan 2022–2026 entering its final phase, implementation will be accelerated in line with efforts to develop the next direction for Malaysia's financial sector. "BNM will implement efforts to further facilitate innovation, including in new areas such as digital finance, stablecoins and climate adaptation in a safe and responsible manner," he said.

BNM Governor: Strong Economic Foundations Key to Navigating Global Uncertainty

KUALA LUMPUR — Strengthening economic fundamentals and policy buffers remains crucial for Malaysia to sustain growth and safeguard public well-being amid global trade uncertainties, said Abdul Rasheed Ghaffour, Governor of .... read more

KUALA LUMPUR, March 30 — The Ministry of Digital reaffirmed its commitment to transforming Malaysia into a high-income, AI-driven nation that is peaceful, progressive, and inclusive for all. The Malaysia Digital Economy Corporation (MDEC) has successfully secured RM87.4 billion in digital investments in 2025, signaling strong progress in advancing the national digital strategy and driving high-value, AI-powered economic growth. The investment is projected to create over 31,000 high-value jobs, providing Malaysians with enhanced employment opportunities, improved digital skills, and greater economic resilience. The Ministry of Digital urged all stakeholders to continue playing their respective roles in accelerating Malaysia’s digitalisation agenda, emphasizing that the nation’s transition towards an AI-driven economy is key to long-term prosperity and competitiveness.

MDEC Secures RM87.4 Billion in Digital Investments, Boosting Malaysia’s AI-Driven Growth

KUALA LUMPUR, March 30 — The Ministry of Digital reaffirmed its commitment to transforming Malaysia into a high-income, AI-driven nation that is peaceful, progressive, and inclusive for all. The Malaysia .... read more

Latest News

PARIS, June 16 -- Vusion (VU - FR0010282822), the global leader in AI-powered digitalization solutions for physical commerce, today announced the expansion of its long-standing partnership with JYSK, one of Europe's leading home furnishing retailers, through a major new agreement supporting the retailer's next phase of store modernization and cloud transformation strategy.   The agreement includes the upgrade of electronic shelf labels across JYSK's already deployed 450 Nordic stores, the roll-out of Vusion solutions in 750 additional stores across Europe, and the full migration of JYSK's legacy on-premise platform to VusionCloud. By 2027, the deployment is expected to scale to approximately 2,500 stores across the Nordic, DACH and BENELUX regions. Through the transition to VusionCloud, JYSK will benefit from a more scalable and centralized platform enabling faster deployment cycles, simplified store operations, improved performance, and greater flexibility to support future retail innovation at scale. The cloud-based architecture will also strengthen operational consistency across markets while reducing infrastructure complexity. The project further reinforces Vusion's strategy to accelerate the migration of its installed base toward cloud-native solutions while deepening long-term customer relationships through operational excellence, local support, and continuous innovation. "JYSK has partnered with Vusion for more than 10 years, and this new agreement reflects both the strength of our collaboration and the value we see in moving to a more advanced cloud-based platform," said Carsten Nørgreen Weinkouff, Executive Vice President Retail Development, Marketing, E-commerce & Omnichannel at JYSK. "As we continue to modernize our stores across Europe, we are investing in solutions that provide greater scalability, operational efficiency, and flexibility for the future. Vusion's technology and teams have consistently demonstrated the reliability and support needed to accompany us at this scale." "This new milestone with JYSK demonstrates the strength of long-term customer partnerships and the accelerating shift toward cloud-native retail platforms," said Sébastien Fourcy, SEVP EMEA at Vusion. "By transitioning to VusionCloud, JYSK gains a scalable infrastructure designed to continuously improve operational efficiency and support innovation across thousands of stores. We are proud to support JYSK with a combination of technology leadership, local execution and long-term commitment." More about Vusion : www.vusion.com  -- PRNewswire -- Source: Vusion  

Vusion extends partnership with JYSK Across Europe

SINGAPORE, June 16, -- Galaxy Data Center ("Galaxy DC") today announced that it has secured US$250 million in an initial strategic financing round from a renowned international investment institution. The proceeds support the company's data center platform development in Southeast Asia, project execution, and deployment of high-density infrastructure for the AI era.    Galaxy DC is strategically leveraging its regional hub in Singapore to advance the multi-country deployment of GW-scale AIDC campuses across Southeast Asia. By employing diversified capital models and industrial ecosystem synergy strategies, the company delivers customized hyperscale AIDC infrastructure services to a broad range of clients. Galaxy DC believes that the demand for AI computing power is reshaping data centers from traditional facility assets toward a new phase of deep collaboration among energy strategy, engineering execution, operational resilience, and customer growth. The company will continue to strengthen its comprehensive capabilities in GW-scale AIDC across technology adaptability, power resources, green energy, localized rapid delivery, and low-carbon operations. It will also further enhance strategic capital partnerships, leveraging diversified capital models to position Southeast Asia as a key hub for global sustainable digital infrastructure. Arthur Yang, Co-founder and CEO of Galaxy DC, said: "This financing further strengthens Galaxy DC's regional platform capabilities. We are seeing rapidly evolving requirements from AI and cloud service clients — focusing not only on capacity, but also on delivery certainty, energy efficiency, operational resilience, and long-term scalability. Galaxy DC remains committed to leveraging cutting-edge, ever-evolving technology and synergistic sustainable energy solutions as its core, building future-ready GW-scale green computing infrastructure for our clients." Representatives from a world-renowned investment institution stated: "Galaxy DC has a clear development path in Southeast Asia as well as differentiated technical capabilities. We see long-term value in the company's high-density, green, and scalable data center platform, and look forward to supporting its role in regional digital infrastructure development." About Galaxy Data Center Galaxy Data Center (Galaxy DC) is a next-generation digital infrastructure platform built for the intelligent era, committed to becoming a continuously evolving global digital service provider. The company focuses on the growing computing demands of artificial intelligence (AI) and cloud computing, with hyperscale AI data centers (AIDCs) at the core of its offering. Galaxy DC builds digital infrastructure that is highly efficient, highly reliable, and highly scalable. Leveraging its unique strengths in sustainable design, resource-efficient deployment, and long-term operations, the company balances rapid compute capacity growth with environmental responsibility and lasting asset value. -- PRNewswire -- Source: Galaxy Data Center

Galaxy Data Center Secures US$250 Million in an Initial Strategic Financing Round to Build Next-Generation Green Compute Infrastructure in Southeast Asia

TANJUNG MALIM, JUNE 16 -- The establishment of a new political party in the country will not affect the chances of Barisan Nasional (BN) in the upcoming Johor and Negeri Sembilan state elections. BN Secretary-General Datuk Seri Zambry Abd Kadir said his party had made thorough preparations to face the two state elections by focusing fully on work in the areas that will be contested. He said that in a democratic system, every party has the right to establish a new political party, but BN remains consistent with the strategy and level of preparedness that has been planned. "UMNO and Johor BN have made thorough preparations. I am confident that the establishment of the new party will not affect BN based on the focus given to the work that has been arranged," he said. He said this to reporters when asked whether the existence of the National Vision Party and the United Malaysia Party (BERSAMA) could threaten BN's position in the Johor and Negeri Sembilan state elections. Earlier, Zambry, who is also the Minister of Higher Education, officiated the National Service Training Pilot Programme (PLKN) 3.0 at the Public University Level before attending the launch of the book titled 'Nahas Gerik: UPSI Berduka' at the Sultan Idris Education University (UPSI) here today. The Johor state election will be held on July 11, while the Negeri Sembilan state election will be held on August 1. The Johor State Legislative Assembly (DUN) has 56 seats with BN controlling 40 seats, followed by Pakatan Harapan (PH) with 12 seats, Perikatan Nasional (PN) with three seats and MUDA with one seat. For the Negeri Sembilan state assembly, PH has 17 out of 36 seats, followed by BN with 14 seats and PN with five seats. -- BERNAMA

BN not threatened by the existence of new political parties – Datuk Seri Zambry Abd Kadir

GEORGE TOWN, JUNE 16 -- Penang is working closely with the Federal Government and security agencies to ensure that the management of nearly 20,022 Rohingya refugees and asylum seekers in the state is carried out in an orderly, registered and controlled manner. Chief Minister Chow Kon Yeow said that based on data from the United Nations High Commission for Refugees (UNHCR) as of August 2023, an estimated 20,022 refugees and asylum seekers from the Rohingya community are in Penang and living in several areas in the state. "They live in the areas of Kepala Batas, Tasek Gelugor, Bagan, Permatang Pauh, Bukit Mertajam, Batu Kawan, Nibong Tebal, Bukit Bendera, Tanjong, Jelutong, Bukit Gelugor, Bayan Baru and Balik Pulau. "The state government has always taken a pragmatic, prudent and responsible approach in dealing with the issue of refugees and asylum seekers in the state, in line with the policies and decisions set by the Federal government," he told reporters after the 26th Annual General Meeting (AGM) of PBA Holdings Bhd (PBAHB) here today. He commented on the current situation and the number of Rohingya communities in Penang. Chow explained that matters relating to the entry of foreigners, recognition of refugee status, border control and immigration enforcement, fall under the jurisdiction of the Federal Government through the Ministry of Home Affairs (KDN), the Malaysian Immigration Department (JIM) and the National Security Council (MKN). Therefore, he said the state government always gives full support to the implementation of MKN Directive No. 23 (Revision 2023), including the Refugee Registration Document (DPP) mechanism which aims to ensure that refugee management is carried out in a more systematic, registered and controlled manner. "The DPP is not seen as a policy to increase the number of refugees in Penang, but as a mechanism for the Federal government to find out who they are, where they are and how they can be monitored more effectively," he said. He also stressed that the state government will not compromise on violations of the law with any criminal activity, misuse of documents, human trafficking, involvement in immoral activities or violations of immigration conditions, which will be dealt with by the authorities in accordance with the provisions of the law in force, without any exceptions. In another development, Chow described the memorandum of understanding (MoU) announced between the United States (US) and Iran to end the conflict between the two countries as a positive development that is expected to benefit the global economy, including Malaysia and Penang. He said the conflicts that had erupted previously had had a significant impact on various sectors of the world economy including energy supply, logistics, commodity prices and global supply chains due to geopolitical uncertainties. On Sunday, US President Donald Trump announced that a deal with Iran had been finalized and he ordered the reopening of the Strait of Hormuz and the lifting of US naval blockades. -- BERNAMA

Penang to cooperate with Federation to handle issue of 20,022 Rohingya refugees – Chow

ISTANBUL, JUNE 16 -- FIFA said on Monday that it found no evidence of a breach of the FIFA Disciplinary Code after Video Assistant Referee (VAR) official Shaun Evans made a hand signal before a recent World Cup match, Anadolu Ajansi reported. "FIFA's Independent Disciplinary Committee can confirm that after examining the matter involving Video Assistant Referee (VAR) officer Shaun Evans, it found no evidence of a breach of the FIFA Disciplinary Code," the organisation said. Evans, an Australian official, was seen on the broadcast of Germany's match against Curacao on Sunday making the "OK" hand sign, a gesture associated with white supremacy and classified as a hate symbol by the Anti-Defamation League in 2019. Evans strongly denied any malicious intent, describing the move as an "unconscious and unintentional reflex". He expressed regret over the perception that arose following the gesture, but stressed that he did not make the symbol "knowingly or intentionally", which first gained attention after it was used by attackers in the Christchurch mosque incident in 2019 that killed 51 Muslims. -- BERNAMA-ANADOLU

World Cup: Referee hand signal controversy, no evidence of disciplinary code violation – FIFA