Malaysia


Malaysia’s quantum leap forward in solar power just a bright start 

Malaysia’s quantum leap forward in solar power just a bright start 

Malaysia is trying to ramp up its renewables build-out but it still lags behind many of its neighbours in the region. The country’s latest move came on Sunday when the state of Johor announced it would build South-east Asia’s largest solar power project in Pengerang, in the state’s south-east. Capital …

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Malaysia factory bosses ordered to Covid-proof migrant labour lodgings 

Malaysia factory bosses ordered to Covid-proof migrant labour lodgings 

(ATF) The Malaysian government has ordered employers to provide Covid-safe living spaces for its migrant workers after several explosions of the virus at crowded hostels where thousands of migrant factory workers live. But a labour expert said corruption is still rampant and undermining the changes that need to be made …

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Malaysian economy suffers worst hit since 1998 financial crisis 

Malaysia economy suffers worst hit since 1998 financial crisis 

(ATF) Malaysia's economy suffered its worst contraction in more than two decades last year, as the coronavirus hit businesses and the country's key exports.Data released by the national statistics department on Thursday (Feb 11) showed that 2020 gross domestic product shrank by 5.6%, the biggest fall since a 7.4% slump …

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Earnings estimates for Asian firms upgraded for 7th straight month 

Earnings estimates for Asian firms upgraded for 7th straight month 

Analysts raised their forward 12-month profit estimates for Asian companies for a seventh straight month in January, predicting increased government spending and a faster roll-out of coronavirus vaccines will power corporate earnings. The forward 12-month earnings estimates of MSCI Asian Pacific index firms were raised by 1% in the past …

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Top Glove joins Reddit surge as GameStop rebounds

Top Glove joins Reddit surge as GameStop rebounds

(ATF) Top Glove, the Malaysian latex glove maker, saw its stock rise over 8% on Friday January 29 after a Reddit forum called BursaBets pitched the firm as a successor to GameStop to rally. GameStop has seen another surge in overnight US dealing after Robinhood relaxed limits on trading.GameStop stock …

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Malaysia fast-tracks vaccine deals as coronavirus cases surge

Malaysia fast-tracks vaccine deals as coronavirus cases surge

(ATF) Malaysia’s science, technology and innovation minister, Khairy Jamaluddin, recently wrote on social media that 2021 would be the country's "year of vaccination".As Singapore and Indonesia kickstarted their vaccination programmes earlier this month, Malaysia has invested 3 billion ringgit ($743 million) in three major Covid-19 vaccines to cover at least …

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South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asia's Grab hoping US IPO move can deliver $2 billion 

South-east Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year.The firm have been encouraged by robust investor appetite for IPOs, a source has revealed, and the move could raise at least US$2 billion – which would make it the largest overseas share …

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Malaysia to pump another $3.7 billion into its Covid-hit economy 

Malaysia to pump another $3.7 billion into its Covid-hit economy 

Malaysia will introduce 15 billion ringgit ($3.71 billion) worth of additional stimulus measures to support its pandemic-hit economy and fight Covid-19, its Prime Minister Muhyiddin Yassin has announced. Last week, Malaysia declared a state of emergency and imposed a nationwide travel ban and lockdowns in the capital and five states …

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Asian markets soar as epidemic rages on in the West 

Asian markets soar as epidemic rages on in the West 

(ATF) With the pandemic resurgent in Western countries, investment funds have poured into countries that have better contained Covid-19, Sina Finance has reported.The Korea Composite Stock Index Kospi is one of the world's best-performing stock indexes in 2021. The benchmark index of the Chinese stock market is close to a …

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Top Glove fired whistleblower before virus outbreak

Top Glove fired whistleblower before virus outbreak

KUALA LUMPUR: Yubaraj Khadka, a worker in Malaysia for Top Glove Corp, took two photos in May of fellow employees crowding into a factory of the world’s biggest maker of medical-grade latex gloves. As the coronavirus pandemic raged, the photos show dozens of workers lined up less than a metre …

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