Malaysia's central bank projects 4%-5% GDP growth in 2024
KUALA LUMPUR -- Malaysia's economy is expected to grow faster at 4% to 5% this year, driven by improved investment and external demand, according to the country's central bank.
NORMAN GOH in asian news
Malaysia's YTL launches Nvidia-powered AI Cloud supercomputing bid
KUALA LUMPUR -- Malaysian conglomerate YTL Group is turning to the latest chips from semiconductor giant Nvidia as it pushes to build one of the world's fastest AI supercomputers.
Malaysia maintains key rate at 3.0% amid falling ringgit
KUALA LUMPUR -- Malaysia's central bank on Thursday left its benchmark interest rate unchanged at 3.0% despite a weakening local currency that is putting inflationary pressure on the economy.
EU official praises green energy push by Malaysia's Sarawak
KUCHING, Malaysia -- Sarawak, a resource-rich state in Malaysia with an ambitious sustainable energy agenda, is drawing interest from the European Union, but the 27-nation group's top official in the country says the bloc needs new cooperative mechanisms for its companies to take advantage of the opportunity.
Malaysia to let foreign vessels repair undersea cables
KUALA LUMPUR -- The Malaysian government will again allow foreign ships to be involved in undersea cable repair work, hoping to spur the growth of the country's digital industry.
AirAsia operator makes first annual profit since COVID pandemic
KUALA LUMPUR -- Capital A, the parent of budget airline AirAsia, reported on Thursday its first full-year profit since the COVID-19 pandemic struck four years ago thanks to strong travel and freight demand.
Malaysia's Anwar says ringgit is 'concerning' but 'under control'
KUALA LUMPUR -- Prime Minister Anwar Ibrahim on Friday said the ringgit remains "under control," with the Malaysian currency weakening close to a level last touched during the Asian Financial Crisis a quarter century ago.
Malaysia's annual GDP misses target at 3.7% amid weak exports
KUALA LUMPUR -- Malaysia's economy grew 3.7% in 2023, the country's central bank said Friday, coming in below the target of 4% to 5% due to "prolonged weakness" of external demand.