Day: July 17, 2024

KUALA LUMPUR, Malaysia Bioeconomy Development Sdn Bhd (Bioeconomy Corporation), an agency of the Ministry of Science, Technology, and Innovation (MOSTI), has awarded BioNexus Partners Laboratories (BNP Labs) status to 38 laboratories. The 38 laboratories comprise 20 higher education institutions, 10 research institutions, five government-linked companies, and three private laboratories across Malaysia. Deputy Science, Technology and Innovation Minister Datuk Mohammad Yusof Apdal said BNP Labs can offer support services encompassing research, development, commercialisation, and innovation (R, D, CandI) to industry players. He said BNP Labs can provide support and guidance to biotechnology and bio-based entrepreneurs and small and medium enterprises (SMEs)

KUALA LUMPUR, The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia to 5.0 per cent from a previous projection of 4.9 per cent in April, and maintained the 2025 growth projection at 4.9 per cent. In its Asia Development Outlook for July 2024 released today, ADB said resilient domestic demand, along with improved exports and manufacturing, will support growth this year. The region’s 2024 growth forecast was marginally adjusted upwards in tandem with those of the Caucasus, Central Asia and East Asia, it said. ADB said the headline inflation in developing Asia is forecast to

KUALA LUMPUR, The RON95 targeted subsidy mechanism will fully utilise data from the Central Database Hub (PADU) and eligibility for the subsidy will be based on net household disposable income, according to the Ministry of Economy. The ministry said that the PADU system is the data repository for individuals and households of citizens and permanent residents in the country. As at March 31, 2024, 10.55 million individuals have updated their personal information into the PADU system. ‘The system is currently in Phase 2, which involves data analysis to determine household details, reasonable expenditure, and net disposable income,’ the ministry posted