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Business

Swift Action to Shield Malaysia’s Economy Amid Global Risks — PM Anwar

KUALA LUMPUR, March 25, 2026 — Malaysia is taking proactive steps to safeguard its economic resilience amid rising global uncertainties, Prime Minister Anwar Ibrahim said after chairing the National Economic .... read more

Redefining the Future of Financial Advisory Firms in Singapore at the MDRT CEO Forum

SINGAPORE, /PRNewswire/ — Fueled by accelerating wealth creation, increasingly sophisticated client needs, and the adoption of digital technologies and generative artificial intelligence (AI), the financial advisory (FA) channel in Singapore .... read more

Manulife Named “Asia’s Best Insurance Provider for Wealth Management” by Euromoney

HONG KONG, /PRNewswire/ — Manulife today announced it has been named “Asia’s Best Insurance Provider for Wealth Management” at the 2026 Euromoney Private Banking Awards. The award recognizes Manulife’s excellence .... read more

Ringgit opens higher amid signs of Middle East de-escalation

KUALA LUMPUR — The ringgit opened higher against the US dollar today as global risk sentiment improved after US president Donald Trump signalled a de-escalation in the West Asia .... read more

KUALA LUMPUR, March 19 (Bernama) -- The cancellation of large-scale Hari Raya open house events is catalysing innovation and opening up new growth opportunities for Malaysia’s business events and hospitality ecosystem, as industry players accelerate diversification and strengthen resilience. World Trade Centre Kuala Lumpur (WTCKL) group chief executive officer Fauzy Wahab said while festive open houses, particularly at the national scale, are a key driver of industry activity, the organisation acknowledges the government’s decision with understanding and respect, noting that it is made with broader considerations in mind. For context, last week, Malaysian diplomatic missions abroad cancelled their planned Hari Raya Aidilfitri open house events to adhere to the government’s move to exercise greater prudence and moderation in public expenditure amid the ongoing West Asia conflict. "While festive open houses play a significant role in driving industry activity, we recognise that such decisions are often made with broader considerations in mind. "Naturally, the cancellation does have an impact on industry players like us, particularly in terms of expected revenue and ecosystem engagement. "However, we view this as part of the dynamic nature of the events industry, which requires agility and resilience,” he told Bernama. He said the development presents an opportunity for the industry to recalibrate its strategies, reduce reliance on seasonal and large-scale events, and build more diversified and sustainable revenue streams. Fauzy said WTCKL will adopt an adaptive and forward-looking strategy, including diversifying its event portfolio towards corporate functions, private celebrations, exhibitions and international business events to capture new demand segments. The organisation is also strengthening its value propositions through customised packages, strategic partnerships and targeted promotions to expand its market reach. Additionally, it is exploring alternative festive experiences, including scaled or themed events that retain the spirit of Hari Raya as it aligns with current operating conditions. Operationally, he said WTCKL will continue to optimise resources and enhance efficiency to ensure sustainability while maintaining service standards. Fauzy said the situation underscores the importance of resilience and innovation within the industry, encouraging players to leverage collaboration and seize emerging opportunities. "It is crucial to stay close to your clients, understand shifting demands, and be ready to pivot quickly. Collaboration within the industry, whether through partnerships, shared platforms or joint promotions, can also help create new opportunities. "Most importantly, maintain a long-term perspective. While short-term disruptions are inevitable, those who remain adaptable, proactive and customer-focused will be better positioned to emerge stronger," he added.

Open House Cancellations Spur Innovation in Malaysia’s Events Industry

KUALA LUMPUR — The cancellation of large-scale Hari Raya Aidilfitri open house events is driving innovation and creating new opportunities within Malaysia’s business events and hospitality sector, as industry players .... read more

Malaysians residing or traveling in West Asia are urged to comply with government instructions host country regarding public security and information sharing as the security situation in the region remains uncertain.

Intel Corporation Expands Malaysia Investment with Advanced Semiconductor Packaging Facility

KUALA LUMPUR — Prime Minister Anwar Ibrahim said Intel Corporation will expand its investment in Malaysia with the development of an advanced packaging complex and the strengthening of assembly and .... read more

AirAsia cautions against fraudulent customer service scams

SEPANG – AirAsia wishes to remind all guests as well as the public to remain vigilant against scams involving fake airline customer service contacts circulating on social media. The advisory .... read more

Bursa Malaysia Climbs on Broad Regional Buying

KUALA LUMPUR — Bursa Malaysia opened higher on Tuesday, buoyed by Wall Street gains and supported by broad-based buying across regional markets. At 9.10am, the FTSE Bursa Malaysia KLCI .... read more

Airlines Face Rising Costs and Safety Risks as Global Conflicts Disrupt Airspace

Kuala Lumpur, Malaysia – Rising global conflicts in recent years have reduced the availability of safe airspace for airline operations, increasing potential safety risks to civil aircraft operating in or .... read more

Lim Guan Eng Urges Government to Seek Refund for Malaysian Firms After US Court Ruling on Tariffs

KUALA LUMPUR, March 16 — Lim Guan Eng has called on the Malaysian government to explore whether Malaysian companies can claim refunds from the United States following a court ruling .... 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