Business

KUALA LUMPUR, South Africa, like Russia and other key fast-developing countries, is keen for Malaysia to join the BRICS group of emerging economies soon given Kuala Lumpur’s strong and consistent stand in supporting the interests of developing nations on major international matters. South Africa’s High Commissioner to Malaysia, Dave Malcomson, said that as a proponent of the South-South movement, Malaysia’s role in BRICS would be further enhanced as the upcoming chairman of ASEAN in 2025 and with its prominence in the Non-Aligned Movement (NAM) as well as Organisation of Islamic Conference (OIC) countries. He said that with South Africa itself

KUALA LUMPUR, The government, via the Malaysian Communications and Multimedia Commission (MCMC), will ensure that the price of 5G under the second network remains at the existing rate, said Digital Minister Gobind Singh Deo. He said the price aspect was taken into account during the evaluation process. “MCMC is concerned about this issue and has taken steps to ensure that the price remains when the second network is established. The process is still ongoing,” he told the media after signing a cooperation agreement between Digital Nasional Bhd (DNB) and CyberSecurity Malaysia (CSM) to improve the country’s 5G network security here

He said if these targets can be achieved and Malaysia will be seen as a country with potential, which will indirectly allow it to become an ‘Asian Tiger’ again. “This standard is a simpler standard (to qualify Malaysia for that status). It also depends on our ability to become an international financial hub in addition to the positive performance of Bursa Malaysia,” he told the media after the launch of the 2024 Economic Census Findings by the Department of Statistics Malaysia. Previously, Finance Minister II Datuk Seri Amir Hamzah Azizan was reported to have said that Malaysia is making significant

KUALA LUMPUR, Gross domestic product (GDP) growth is projected to reach the upper end of Bank Negara Malaysia’s (BNM) four to five per cent target in 2024, according to CIMB Treasury and Markets Research. This follows a 5.8 per cent year-on-year increase in the advance GDP estimate for the second quarter of 2024, the bank said in a note today. CIMB cited factors such as a resilient labour market, robust household spending, ongoing multi-year investments, increased foreign direct investment (FDI) realisation, trade recovery and improving tourism as key contributors. Additionally, the ringgit has outperformed its peers, as coordinated actions have

KUALA LUMPUR, U Mobile Sdn Bhd and Time dotCom Bhd have established a strategic partnership in anticipation of the accelerated deployment of its 5G network under the government’s dual network model. U Mobile said the partnership will see it tap into Time’s extensive fibre backhaul network to prepare for its second 5G network rollout. “Through this collaboration, U Mobile further strengthens its ability to ensure a superior 5G experience that is highly reliable, supports massive capacity and delivers ultra-fast speeds,” the mobile and digital services provider said in a statement today. U Mobile chief technology officer Woon Ooi Yuen said