Malaysia Insurance Growth Driven by Digital & Reforms
Malaysia’s non-life insurance sector is positioned for steady growth, buoyed by economic recovery, regulatory advances, and an increase in digital adoption, according to AM Best’s APAC Insurance Market Report. The country is classified as a CRT-3 rating, indicating low economic risk with moderate political and financial system risks. In 2024,
Malaysia Mandates Trade Permit for Import of U.S.-Origin AI Chips
Malaysia’s Ministry of Investment, Trade and Industry announced on Monday that, effective immediately, the export, transhipment, and transit of high-performance artificial intelligence (AI) chips originating from the United States will require prior approval through a trade permit. Anyone exporting, transhipping, or bringing such items into transit that are not explicitly
Malaysia Takes Legal Action Against Telegram’s Lax Moderation
Malaysia got a temporary local court order against messaging service Telegram for spreading harmful content. Two channels on the platform are reportedly disseminating content violating the country’s law. The Malaysian Communications and Multimedia Commission said it is seeking a court order against Telegram because it is reported that it is
ConocoPhillips Gets Sole Ownership of KBBC PSC
Petronas has transferred the sole ownership of Kababangan Cluster PSC or KBBC PSC to ConocoPhillips Sabah Gas Ltd., a ConocoPhillips Global subsidiary. Previously, the KBBC PSC was operated by Kebabangan Petroleum Operating Company Sdn Bhd,comprising some of the biggest oil companies in the world, such as Petronas Carigali Sdn Bhd,
WeChat and TikTok Got Licensed Under New Law in Malaysia
In the latest events, Malaysia’s communication regulator mentioned that it had approved Tencent’s WeChat and ByteDance’s TikTok licences under the new law. According to the Malaysian Authorities, the new law is poised to curb the increasing cybercrime and get a strong grip on crimes like online gambling, scams, child pornography
Malaysia Pioneers AI Regulation with National Office
On Thursday, Malaysia inaugurated a national artificial intelligence office to shape policies and address regulatory issues, aiming to become a regional AI development hub. Over the past year, the Southeast Asian nation has attracted billions in investments from global tech firms to build essential infrastructure for meeting the rising demand
Indian Firm Eros Ready to Setup Malaysia’s First AI Park
India-based Eros investment group is set to invest $1 billion to establish Malaysia’s first AI park and movie studio, announced Gobind Singh Deo, Malaysia’s digital minister. The decision was followed by a series of meetings held with business leaders at a conference in New Delhi, where he met Ali Hussein,
India & Malaysia to Improve Relations Through Trade Boost
India and Malaysia enjoyed a long, strong relationship until 2019. Relations between the neighbouring nations went south after former Prime Minister Mahathir Mohamad spoke against New Delhi removing the autonomy of India’s only Muslim-majority region, Kashmir. Because of this, Malaysia’s export of palm oil to India took a massive hit.
Malaysia’s Tech Triumph: Infineon Opens Mega Chip Factory
“Infineon is to set up a semiconductor chip factory worth around $10 billion.” Malaysia is gaining more high-scale demand for the global supply chain, so Infineon Technologies opened a major semiconductor manufacturing complex in the country. Malaysia is attracting huge tech investment by creating over 4,000 job openings. The company
10 Fastest Growing Companies In Malaysia Touching Sky
Malaysia is predominantly known for its beauty and serene environment. Only aspiring and leading entrepreneurs would know this stunning landscape is also home to several startups and big companies that are leading the market and have secured their place on the fastest growing companies in Malaysia list. Fastest-Growing Companies In
