Business

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, Medidata has been selected by Eisai Inc (Eisai), the United States (US) pharmaceutical subsidiary of Tokyo-based Eisai Co Ltd, as one of the first customers to harness its recently announced artificial intelligence (AI)-driven Medidata Clinical Data Studio. Eisai will leverage this innovative data experience to gain unprecedented control over its clinical data, enable the execution of scalable and complex clinical trials, and enhance patient experience, according to Medidata in a statement. ‘Through Clinical Data Studio, Eisai is enabling healthcare stakeholders to overcome the complexities of modern clinical trials and foster collaboration on cleaner, more actionable data. ‘By delivering

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

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 TERENGGANU, Terengganu state-owned company TDM Bhd’s subsidiary, TDM-YT Plantation Sdn Bhd, has inked a memorandum of understanding (MoU) with JAKS Solar Power Holdings Sdn Bhd to develop a RM800 million large-scale solar farm. TDM-YT Plantation board of directors chairman Burhanuddin Hilmi Mohamed @ Harun said the proposed 700-hectare solar farm in Setiu, Terengganu, will have a capacity of 200 megawatts (MW). He said the collaboration is part of the state government’s initiatives to diminish reliance on fossil fuels and to advocate for the use of cleaner and more sustainable energy sources. ‘TDM-YT Plantation is expected to sign a lease