Day: July 25, 2024

KUALA LUMPUR, Headline inflation is projected to average between 2.0 per cent and 3.5 per cent in 2024, while core inflation is anticipated to remain within the 2.0 per cent to 3.0 per cent year-on-year (y-o-y) range, said Public Investment Bank Bhd. The investment bank said the upside risk to inflation depends on the degree of spillover from additional domestic policy measures on subsidies and price controls, as well as fluctuations in global commodity prices and financial market dynamics. Malaysia’s headline inflation held steady at 2.0 per cent y-o-y in June, lower than the consensus estimate of 2.2 per cent

KUALA LUMPUR, Kolmar BNH, a Korean health functional food Original Development Manufacturing (ODM) firm, has sped up its expansion efforts into the Southeast Asian and European markets with HemoHIM G, a product designed for the global arena. HemoHIM G (Global) is the international version of ‘HemoHIM’, Korea’s first individually-approved immune-boosting health supplement developed by Kolmar BNH over an eight-year period. According to Kolmar BNH in a statement, the formulation has been tailored to comply with the food regulations of various countries, with adjustments made to raw materials and ingredient ratios. The product features angelica sinensis, ligusticum chuanxiong, paeonia lactiflora, all

KUALA LUMPUR, Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas CCS Solutions Sdn Bhd (PCCSS) has inked a land rental agreement with Kuantan Port Consortium Sdn Bhd (Kuantan Port) to accelerate plans for its southern Carbon Capture and Storage (CCS) hub in Pahang. In a statement today, the national oil company said the hub is expected to have its first injection by 2029 and would play a key role in reducing carbon emissions for hard-to-abate industries locally and internationally. PCCSS chief executive officer Nora’in Md Salleh said the establishment of a CCS hub is timely to provide a decarbonisation solution to industries

KUALA LUMPUR, Invest KL Corporation (InvestKL) secured RM3.3 billion in investments and created 3,389 high-value regional jobs by establishing six global services hubs in the first half of 2024 despite current global challenges. These services hubs comprise a data centre, a centre of excellence, a global operation centre, an Asia-Pacific global business services hub, an engineering, procurement, construction, and installation execution centre, and a digital lab headquarters by companies from the Americas, Europe, and Asia. InvestKL said these investments reaffirm Greater Kuala Lumpur’s (Greater KL) appeal as a top investment destination despite current global challenges. ‘Greater KL’s appeal is bolstered