Business

GEORGE TOWN, Penang has received increasing inquiries from Chinese companies seeking investment opportunities over the past year. Penang Chief Minister Chow Kon Yeow said this surge reflects growing confidence in the region’s economic potential and business-friendly environment. “Many Chinese companies are looking to invest in Southeast Asia, including Penang and Malaysia. At the moment, we do not see many successful investments yet, but we have received a lot of inquiries. “It is possible that companies in China are cautious about bringing their investments outside their home country as it involves capital outflow,” he said in a press conference announcing the

KUALA LUMPUR, Taiwan’s E.SUN Bank will continue to monitor the relevant regulations from Malaysian government agencies to further expand from its current representative office to full branch operations in Malaysia, given the nation’s significant role in regional economic frameworks. E.SUN FHC and E.SUN Commercial Bank’s chairman Joseph Huang said the bank, if permitted, plans to actively pursue branch operations and explore opportunities for investment and mergers and acquisitions. “Malaysia is an important member of ASEAN, a member of the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the fourth largest economy in

KOTA BHARU, The MADANI Cooperative and Entrepreneur Sales (JMKU) recorded total sales of RM6.2 million, benefiting 208,055 individuals nationwide, as of yesterday. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said that 63 JMKU programmes have been carried out, offering basic necessities through 221 sales operators appointed by the Cooperative Commission of Malaysia (SKM). “The ministry will continue the JMKU programme in providing necessities such as rice, cooking oil, eggs, beef, chicken and so on, with savings of up to 20 per cent compared with market prices,” he said. He said this to reporters after officiating the state-level National Cooperative

PUTRAJAYA, The government is set to develop and enhance the infrastructure at existing ports to make Malaysia a ‘homeport’ for cruise ships, says Transport Minister Anthony Loke Siew Fook. He said several improvements were being made, including increasing the capacity at Port Klang Cruise Terminal to accommodate more cruise ships and beautifying the surroundings of Swettenham Pier Cruise Terminal in Penang. Loke said that existing ports in Langkawi, Melaka, Kuantan, Kota Kinabalu, and Kuching, although lacking cruise ship infrastructure, could support cruise ships if upgrades were implemented. “The Malaysian cruise sector has shown strong growth after COVID-19. Malaysia received 1,055

JEDDAH, Saudi Arabia, Amal by Malaysia Airlines, a Malaysia Aviation Group (MAG) unit offering Haj and Umrah flight services, aims to increase its revenue contribution to the group to between 7.5 per cent and eight per cent in the next three to five years. Chief operating officer Muhammad Najmi Mansor said this increase would be supported by the recovery of the Haj and Umrah market, high demand to perform Umrah, active capacity building by the Saudi government, usage of e-Visa for Tourist, as well as further expansion of the Amal network. He said that based on the performance for 2023