Category :

Business

SAMENTA Urges Review of Public Holidays Act, Warns Ad-Hoc Holidays Disrupt Businesses

KUALA LUMPUR — The Small and Medium Enterprises Association Malaysia (SAMENTA) has called on the government to review the Public Holidays Act 1951 following the recent announcement of an additional .... read more

TNB–TM Expand Green Energy And Digital Infrastructure For Customer Benefit

KUALA LUMPUR — Tenaga Nasional Berhad (TNB) and Telekom Malaysia (TM) have announced a strategic collaboration aimed at strengthening green energy solutions and developing smarter, more sustainable energy and telecommunications .... read more

Ringgit Opens Slightly Higher Against US Dollar Amid Cautious Market Sentiment

KUALA LUMPUR, March 16 — The ringgit opened slightly higher against the United States dollar on Monday, supported by the greenback’s moderate weakness, although persistent geopolitical uncertainties and elevated oil .... read more

MINDET Monitoring Impact of Global Conflicts on Sabah’s Supply Chains and Consumers

KOTA BELUD: The Sabah Ministry of Industrial Development, Entrepreneurship and Transport (MINDET) is monitoring the impact of global conflicts on supply chain systems and their implications for consumers in Sabah. .... read more

Selangor Welcomes Federal Approval for Third Port Development in Pulau Carey

SHAH ALAM: The Selangor State Government has welcomed the Federal Cabinet’s decision to approve the development of a third port in Pulau Carey, Selangor. Selangor Menteri Besar Amirudin Shari said .... read more

Mah Sing Signs Supplemental Agreement For Land Purchase In Johor

KUALA LUMPUR — A subsidiary of Mah Sing Group Bhd, M Industrial Development Sdn Bhd, has signed a supplemental agreement with Aura Muhibah Sdn Bhd for the proposed acquisition of .... read more

SOGDC, SEDCO Mining Sign MoU to Strengthen Industrial Development in Sabah

KOTA KINABALU, March 11 — Sabah Oil & Gas Development Corporation (SOGDC) and SEDCO Mining Sdn Bhd have signed a Memorandum of Understanding (MoU) to strengthen industrial development in Sabah, .... read more

TikTok Contributes RM20 Billion to Malaysia’s Digital Economy in 2025

KUALA LUMPUR, March 11 — TikTok contributed about RM20 billion in gross value added (GVA) to Malaysia’s economy in 2025, representing nearly four per cent of the country’s total digital .... read more

Ringgit Rises as Oil Prices Fall After Donald Trump Signals Possible End to Iran War.

KUALA LUMPUR — The ringgit closed higher against the US dollar today, supported by a sharp decline in global oil prices following signals that the conflict involving Iran could end .... read more

Google to Require Financial Advertisers in Malaysia to Verify Licences From April 2026

KUALA LUMPUR — Google will require verification for advertisers promoting financial products and services in Malaysia beginning April 14, 2026, as part of efforts to strengthen protection against financial scams. .... 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