Malaysia

Exploring the Wealth Dynamics of Malaysia's Richest Individuals Forbes' annual release of the top-50 wealthiest individuals in Malaysia has once again spotlighted familiar names, a testament to the enduring economic influence of these tycoons. However, not all expected names made the list this year, hinting at the complex nature of wealth declaration and global wealth standards. The richest Malaysian,...

Sarawak, traditionally known for its abundant natural resources, is now making headlines for its ambitious moves in the semiconductor industry. This Malaysian state on the exotic island of Borneo is not just rich in oil and timber, but is also carving out a niche as a critical hub for semiconductor design, thanks to its strategic initiatives and international partnerships. The recent announcement from...

At the inaugural Malaysia Travel Escapade 2024, held at Suntec City Mall from April 12 to 14, the rich and enticing aromas of traditional Malaysian breakfast dishes like nasi lemak, roti canai, and chicken bak kut teh captivated visitors, highlighting Malaysia’s vibrant culinary heritage. The event, a celebration of Malaysian culture, strategically placed Malaysian breakfast culture at its heart,...

The rapid integration of technology into the workforce is redefining job roles and skill sets required across industries. With technological advancements rendering some jobs obsolete while creating new ones, employers are now seeking a broader range of competencies from their employees. Insights from JobStreet and the Malaysian Employers Federation (MEF) shed light on these dynamic shifts. Emerging Job...

Unveiling a monumental development for Malaysia, Microsoft has announced its commitment to invest RM10.5 billion over the next four years to bolster the nation's digital transformation. This investment marks the largest in the company's 32-year history in Malaysia and signals a robust step forward in enhancing Kuala Lumpur's stature as a burgeoning digital hub. At the heart of this initiative is the...

Malaysia has secured the 45th position in the 2023 World Economic Freedom Index, achieving a score of 65.7. This ranking places Malaysia within the "moderately free" category, according to the Heritage Foundation's index, which assesses economic policies and conditions across 184 countries. Key Factors in Malaysia's Economic Freedom The Economic Freedom Index evaluates twelve distinct aspects of...

MaiStorage Launches in Selangor to Spearhead Malaysia's AI Revolution K.S. Pua, the Malaysia-born co-founder of Phison, has announced an ambitious new venture, Malaysia AI Storage (MaiStorage), which is set to become a cornerstone in Malaysia’s tech industry. Unveiled during the first day of the KL20 Summit, this initiative is poised to significantly enhance Malaysia's capabilities in generative AI and...

Malaysia has marked a significant leap forward in the academic sphere, with the latest Quacquarelli Symonds (QS) World University Rankings by Subject 2024 showcasing the nation's remarkable ascent to the third highest in Asia and sixth in the world. A surge of 22% in the rankings represents a milestone for Malaysia's 240 academic programs across 25 universities, reflecting the country's vibrant educational...

Malaysia: The New Business Epicenter in ASEAN Malaysia is increasingly recognized as the prime destination for businesses seeking growth opportunities within ASEAN, according to the latest findings from the UOB Business Outlook Study 2024. This comprehensive study surveyed 4,000 businesses across key markets in ASEAN and Greater China, unveiling a strong preference for Malaysia over regional counterparts...

Malaysia's Strategic Push into Advanced Semiconductor Manufacturing As global semiconductor demand continues to rise, Malaysia is positioning itself confidently in the high-end sector of this industry, undeterred by the competitive pressures from major players like China and the U.S. This optimism was expressed by Malaysia's Second Finance Minister, Amir Hamzah Azizan, during an interview at the IMF...