PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim’s call for government-linked companies (GLCs) and government-linked investment companies (GLICs) to allocate more resources for domestic direct investments (DDIs) and to have a larger corporate role in developing the country, has been commended by economists. However, it has raised the question as …

KUALA LUMPUR: The ringgit is expected to be the best performing currency across the region this year, according to Affin Hwang Investment Bank Bhd. The local note is likely to appreciate from its current exchange rate of RM4.60 to the dollar to between RM4.40 and RM4.30, said head of research …

KUALA LUMPUR: A targeted diesel subsidy system is planned for a rollout in the second quarter of this year, according to the Domestic Trade and Cost of Living Ministry. A pilot project is being carried out among selected companies to receive their diesel quotas through a fleet card from Feb …

WASHINGTON (Reuters) – NASA on Tuesday added more delays to its Artemis moon program, scheduling for 2026 its first astronaut lunar landing in half a century while spacecraft from Elon Musk’s SpaceX, Lockheed Martin and other contractors face development challenges. The U.S. space agency’s first two Artemis missions involving astronauts …

PETALING JAYA: Malaysia’s foreign-portfolio flows turned positive in 2023 with a whopping inflow of RM21.3bil, overturning the RM5.5bil outflow in 2022. In a research note, UOB Research said the positive shift was purely driven by inflows into local debt instruments, which offset foreign fund outflows from the Malaysian equity market. …

(Reuters) – Microsoft has worked with a U.S. national laboratory to use artificial intelligence to rapidly identify a material that could mean producing batteries that require 70% less lithium than now, the company said on Tuesday. The replacement of much of the lithium with sodium, a common element found in …

LONDON (Reuters) – British track cycling sprinter Jack Carlin has big boots to fill as he begins the countdown to the Paris Olympics where he will face one of the toughest tasks in the sport. The 26-year-old Scot will likely spearhead the sprint squad as the senior rider now that …

PARIS (Reuters) – By naming young political prodigy Gabriel Attal as prime minister, French President Emmanuel Macron is showing what he hopes is a winning hand to beat the far right, which is leading in opinion polls ahead of June’s European parliamentary elections. Like elsewhere in Europe, France’s far right …

KUALA LUMPUR: The High Court here on Tuesday (Jan 9) allowed the application of two subsidiaries of 1Malaysia Development Berhad (1MDB) to question the mother of Low Taek Jho or Jho Low regarding jewellery allegedly purchased by the fugitive businessman valued at US$1.695mil. Lawyer K. Siva Kumar, representing 1MDB, said …

BRUSSELS (Reuters) – The European Union could become ungovernable if the far-right performs as well in the European Parliament election in June as in November’s Dutch vote and as opinion polls predict, the head of the liberal Renew group said on Tuesday. Far-right parties, including Marine Le Pen’s National Rally …