Day: July 11, 2024

IPOH, As of the first quarter of this year, the National Information Dissemination Centre (NADI) in this state has successfully mentored 2,396 entrepreneurs as part of its efforts to strengthen entrepreneurship and the digital economy. State Communications, Multimedia and NGO Committee chairman Mohd Azlan Helmi said this involved the participation of 269,005 community members through a variety of training programmes. ‘To date, NADI e-commerce entrepreneurs in Perak have, on average, recorded a 70 per cent increase in sales compared to before utilising the platform as a sales medium,’ he said during the Perak state assembly sitting at Bangunan Darul Ridzuan

KUALA LUMPUR, The Federal government and the Sabah state government have each received approximately RM23 billion in petroleum revenue payments from 1976 to the first half of 2024, according to the Prime Minister’s Office (PMO). In a written response published on the Parliament website on Wednesday, the PMO said Petronas has consistently fulfilled all cash payment obligations from petroleum production, based on existing provisions and agreements and in accordance with the Federal government’s instructions. ‘Additionally, Sabah has received approximately RM3 billion in sales tax revenue from Petronas, in line with the implementation of Sabah’s sales tax since 2020,” it said.

KUALA LUMPUR, Bursa Malaysia continued its uptrend on Thursday amidst bullish global risk appetite after the Wall Street hit another record high. At 9.24 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 6.90 points to 1,625.28 from Wednesday’s close of 1,618.38. The index opened 2.78 points higher at 1,621.16. On the broader market, gainers led decliners 412 to 191, with 371 counters unchanged, 1,457 untraded and seven suspended. Turnover totalled 562.16 million units worth RM279.35 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said it was another record-breaking day on Wall Street, which was boosted

SAN FRANCISCO, Midea Group, recognized as a leading global technology and innovation enterprise, has successfully completed its 1H 2024 Campus Recruitment Tour with the final event on July 6th at Stanford University. These recruitment activities also represent a significant step in the company’s ongoing pursuit of global expansion and the strategic localization of innovation. With a diverse portfolio encompassing smart home solutions, industrial technology, building technology, robotics and automation, and innovative businesses, Midea Group has reaffirmed its dedication to global markets through this comprehensive recruitment initiative. Every year, approximately 15-20% of Midea Group’s campus recruits have overseas study backgrounds, significantly

KUALA LUMPUR, JP Morgan has upgraded Malaysia’s rating from underweight to neutral after almost six years, crediting the country’s policy reforms, data centre investments and infrastructure build-up. In an interview with CNBC yesterday, JP Morgan head of Asia-Pacific (ex-Japan/China), Rajiv Batra said Malaysia’s rapid pace of progress was impressive with a 4.2 per cent gross domestic product growth in the first quarter of 2024. ‘What was more exciting for us was that all the signs were evident last year. Earnings growth almost tracking a 10-11 percent mark was an upside surprise. We need to give credit to the country, and