Saudi Arabia to invest US$1 billion in Pakistan

By Shakir Husain NEW DELHI, Aug 26 (NNN-Bernama) — Saudi Arabia will invest US$1 billion to support Pakistan’s economy. Saudi King Salman Bin Abdul Aziz Al Saud has issued the directive to make the investment, the official Saudi Press Agency (SPA) reported on Thursday. Foreign Minister Prince Faisal Bin Farhan…

Malaysia’s LI up 5.3 pct, signalling confidence towards further economic growth

KUALA LUMPUR, Aug 26 (NNN-Bernama) — Malaysia’s leading index (LI) rebounded 5.3 per cent year-on-year (y-o-y) to 111.7 points in June 2022 after a rise of 2.3 per cent in May 2022 to 111.3 points, signalling confidence towards further economic growth. In a research note Friday, MIDF Research said the increase in June’s…

Malaysian ringgit weaker vs US dollar in early session

KUALA LUMPUR, Aug 26 (NNN-Bernama) — Malaysian ringgit eased against the US dollar in the early session Friday due to the lack of catalysts, said a dealer. At 9.22 am, the local currency was pegged at 4.4730/4760 against the greenback from Thursday’s close of 4.4700/4730. ActivTrades trader Dyogenes Rodrigues Diniz saidafter a long bullish move that started…

US to face more inflation challenges as winter comes

KUALA LUMPUR, Aug 26 (NNN-Bernama) — The US Federal Reserve (Fed) still has more room to manoeuvre its monetary policy to fight inflation pressure, Synergy Link Capital Pte partner and director Andy Tan said. However, he reckons taming the inflation is a difficult challenge because US producers have yet to…

Malaysia to decide on medical use of cannabis before year end

BANGKOK, Aug 26 (NNN-Bernama) — Malaysian government will take a stand on the use of cannabis for medical purposes before the end of the year, said Health Minister Khairy Jamaluddin. Khairy, who concluded a bilateral working visit to Bangkok, on Thursday said Thailand had shared a lot of views and experiences during his…

Malaysia among top 5 in APAC with most malicious emails detected in 2022 – Kaspersky

PHUKET (Thailand), Aug 25 (NNN-Bernama) — More than half of the malicious emails circulated across the Asia Pacific (APAC) region were detected in five countries including Malaysia, global cybersecurity company Kaspersky revealed. As of mid-August 2022, Malaysia is among the top five countries in APAC including Vietnam, Japan, Indonesia and…

Women’s participation in Malaysia’s labour force still low – PM

KUALA LUMPUR, Aug 25 (NNN-Bernama) — The participation of women in Malaysia’s labour market is still low compared to other Southeast Asian countries, Prime Minister Ismail Sabri Yaakob said. He said although females made up 47.7 per cent or almost half of the Malaysian population in 2020, women’s participation in the labour force last…

AM Best revises outlook on Taiwan’s non-life insurance market to ‘negative’

KUALA LUMPUR, Aug 25 (NNN-Bernama) — Global credit rating agency, AM Best has revised its market segment outlook on Taiwan’s non-life insurance segment to ‘negative’ from ‘stable’, citing that the resurgence of COVID-19 cases has led to significant losses in pandemic-related insurance policies. In its “Market Segment Outlook: Taiwan Non-Life Insurance,” AM Best…

Solarvest unveils Powervest, Malaysia’s first renewable energy fintech platform

KUALA LUMPUR, Aug 25  (NNN-Bernama) — Clean energy specialist Solarvest Holdings Bhd unveiled  Malaysia’s first renewable energy financial technology (fintech) platform, its solar financing solution named Powervest. Executive director/ group chief executive officer Davis Chong said the first-of-its-kind service is an extension of Powervest, which was launched in September 2021 to promote renewable energy adoption among…

VistaJet unveils top 5 unique full moon experiences not to be missed this year

KUALA LUMPUR, Aug 25 (NNN-Bernama) — VistaJet, a global business aviation company, has presented its top five unique full moon experiences not to be missed in 2022. According to a statement, VistaJet members can make unforgettable memories with once-in-a-lifetime adventures across the globe to mark the upcoming Chinese Mid-Autumn Festival.…