Day: July 25, 2024

KUALA LUMPUR, Malaysia’s 2023 nominal gross domestic product (GDP) amounted to RM1.8 trillion, said the Department of Statistics Malaysia (DOSM). Growth moderated to 1.6 per cent from the double-digit 15.9 per cent in 2022. In a statement, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that despite the moderated performance, the economy remained resilient, particularly through private final consumption expenditure, which increased 6.7 per cent. ‘The growth was propelled by ongoing enhancement in employment and wage through the implementation of a new minimum wage of RM1,500 starting May 2023,’ he said. DOSM today released the statistics for Malaysia’s Gross

KUALA LUMPUR, Improving the competitiveness of the cooperative business will be one of four main areas of focus at the National Cooperatives Congress 2024 over two days from today. The other three areas of focus are strengthening identity and self-awareness, improving laws, regulations and governance, and enhancing education and human capital. Angkatan Koperasi Kebangsaan Malaysia (ANGKASA) president Datuk Seri Dr Abdul Fattah Abdullah, said that the resolutions from the congress, held after 53 years, would be submitted to Prime Minister Datuk Seri Anwar Ibrahim tomorrow. ‘We want to achieve recognition for the cooperative movement as a business entity so that

KUALA LUMPUR, Ahmad Zaki Resources Bhd’s wholly owned unit Ahmad Zaki Sdn Bhd has bagged a RM152 million contract from the Public Works Department (JKR). In a filing with Bursa Malaysia today, Ahmad Zaki Resources said under the letter of acceptance received on July 24, Ahmad Zaki Sdn Bhd will design and build the Port Dickson specialist hospital in Negeri Sembilan. “The contract duration of 156 weeks from Aug 6, 2024 and is expected to contribute positively to the group’s future earnings,” said the engineering and construction group. Source: BERNAMA News Agency

KUALA LUMPUR, Selangor remains focused on maintaining its performance as the country’s largest investment contributor by state through the organisation of the Selangor International Business Summit (SIBC 2024), said Selangor Menteri Besar Datuk Seri Amirudin Shari. For the first quarter, Selangor was in third place with an investment of RM12 billion, while for the whole of 2023, Selangor was in second place with an investment of RM55 billion “So the target this time is to maintain the large amount of investment and create significant economic opportunities for the people,” said Amirudin following the opening of the 8th SIBC at the

KUALA LUMPUR, Xsolla, a global video game commerce company, has announced the grand opening of the Xsolla Greater China Region office at Chaoyang District, signifying a renewed commitment to enhancing and growing the video game industry in China and worldwide. Xsolla Chief Marketing Officer and Chief Growth Officer, Berkley Egenes said the establishment of its Beijing office is a testament to the company’s belief in the potential of local game developers and their creations on the global stage. ‘This initiative underscores our dedication to empowering the gaming community, ensuring our partners have the tools and resources to succeed in an