Local News

Malaysia’s economy grows 5.9%

Malaysia’s economy grows 5.9%

Malaysia’s economy grew 5.9% in the second quarter from a year earlier, surpassing market expectations, the government and central bank said on Friday. The growth in the April-to-June period compared with annual growth of 4.2% in the first quarter. Shipping containers...

Malaysian firms could be transformed by AI: Lenovo exec

Malaysian firms could be transformed by AI: Lenovo exec

Malaysia is poised to reap benefits from generative artificial intelligence (AI) in the coming years, but the largest gains are expected in the local manufacturing sector. According to Lenovo (NASDAQ: LNVGY) Malaysia General Manager Varinderjit Singh, the Southeast...

Palm oil drops on strong ringgit, posts second monthly fall

Palm oil drops on strong ringgit, posts second monthly fall

JAKARTA: Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July export as a stronger ringgit weighed down the price. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange...