Business

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, The Abu Dhabi Autonomous Racing League (A2RL), which made its impressive debut this April at the Yas Marina Circuit, has announced the next phase of its challenge with the Drone Champions League (DCL). Building on the success of its inaugural event, the A2RL Drone Race continues to advance the frontiers of autonomous technology, merging human skill with innovative advancements in autonomous flight. Announcing the new competition, ATRC Secretary General, Faisal Al Bannai said: ‘It is only when you experiment in extreme conditions that you really discover new boundaries or breakthroughs in science. ‘We are inspiring global collaboration, driving

KUALA LUMPUR, Collective efforts between the Federal and state governments are essential to create a more cohesive and dynamic business environment in Malaysia, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. By aligning strategies and complementing each other’s resources, the Federal and state governments can better support domestic industries and attract more investments into Selangor and Malaysia, he said. ‘To seize these opportunities, Malaysia must develop an ecosystem conducive to innovation, entrepreneurship, and investment. ‘This includes providing support to our entrepreneurs and small and medium enterprises (SMEs) and fostering strong partnerships between the public and private

PETALING JAYA, Prime Minister Datuk Seri Anwar Ibrahim today announced a RM1 million donation to the National Chamber of Commerce and Industry of Malaysia (NCCIM) in recognition of its support for the government’s efforts to encourage domestic and international investment. He also expressed his gratitude to the chamber for its support in coordinating and understanding government policies, empowering the people and assisting in every foreign visit to attract new investments. “The efforts by the Malaysian Investment Development Authority (MIDA) and other government agencies could not have succeeded without the full support of NCCIM,” he said at NCCIM’s 62nd Anniversary Gala

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