logo
Malaysia's Automotive TIV Higher By 28 Pct In July -- MAA

Malaysia's Automotive TIV Higher By 28 Pct In July -- MAA

Barnama20 hours ago
KUALA LUMPUR, Aug 19 (Bernama) -- Malaysia's automotive sector total industry volume (TIV) jumped 28 per cent to 70,057 units in July, compared to 54,863 units in June 2025, according to the Malaysian Automotive Association (MAA).
It said In a statement that the higher TIV was attributed to a full working month of 23 working days, compared to June 2025 (19 working days), and low production base in June 2025 due to the Hari Raya Aidiladha shutdown.
However, MAA reported that the year-to-date (YTD) TIV was 5.0 per cent lower than the same corresponding period in 2024.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Doctor Duped Of RM468,000 In Online Investment Scam
Doctor Duped Of RM468,000 In Online Investment Scam

Barnama

time31 minutes ago

  • Barnama

Doctor Duped Of RM468,000 In Online Investment Scam

KUANTAN, Aug 20 (Bernama) -- A 55-year-old woman doctor lost RM468,000 after falling victim to an online investment scam advertised on Facebook in May. Pahang police chief Datuk Seri Yahaya Othman said the victim was attracted by the advertisement and was later contacted by an individual posing as a representative of Nikko Asset Management, allegedly based in Singapore. 'The suspect promised returns of 80 to 128 per cent within a month. Convinced by the offer, the victim made 14 transfers into four different accounts between June 17 and Aug 6, using her Employees Provident Fund savings,' he said in a statement today.

Bursa Malaysia Ends Morning Session Lower On Profit-taking
Bursa Malaysia Ends Morning Session Lower On Profit-taking

Barnama

timean hour ago

  • Barnama

Bursa Malaysia Ends Morning Session Lower On Profit-taking

REGION - CENTRAL > NEWS By Zarul Effendi Razali KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia ended the morning session easier, driven by profit taking in selected telecommunications and media, as well as construction counters, amid weaker sentiment in regional markets, said an analyst. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed five points to 1,585.24 from Tuesday's close of 1,590.24. bootstrap slideshow The benchmark index opened 2.21 points lower at 1,588.03 and moved between 1,584.01 and 1,590.39 throughout the morning trading session. The market breadth was negative, with 586 decliners thumping 268 gainers, while 473 counters were unchanged, 1,267 untraded, and 16 suspended. Turnover stood at 1.42 billion units worth RM1.03 billion. Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, said the local benchmark index is expected to hover within the 1,585-1,600 range today, amid cautious global sentiment. 'Wall Street ended broadly lower overnight as traders remained focused on the US Federal Reserve's Jackson Hole summit over the next few days. Nonetheless, the sell-down in tech stocks was sharp as many deemed the sector was due to take a breather following a decent rally,' he told Bernama today. Among the heavyweight counters, Maybank was flat at RM9.80, IHH Healthcare added three sen to RM6.88, and Tenaga Nasional dropped four sen to RM13.68. Public Bank and CIMB slipped one sen each to RM4.45 and RM7.38, respectively.

Data Commission Key To Strengthening Governance And Protection
Data Commission Key To Strengthening Governance And Protection

Barnama

timean hour ago

  • Barnama

Data Commission Key To Strengthening Governance And Protection

KUALA LUMPUR, Aug 20 (Bernama) -- The establishment of a Data Commission is a crucial step to ensure governance, compliance with standards and comprehensive data protection in the country, Digital Minister Gobind Singh Deo said. He said the commission will serve as a dedicated regulatory body to address data-related risks, in line with the Digital Trust and Data Security Strategy 2026-2030 outlined under the 13th Malaysia Plan (13MP). Currently, several functions related to data are managed by various agencies, including the Department of Personal Data Protection (JPDP), which focuses on personal data, and the National Artificial Intelligence Office (NAIO) under the Digital Ministry, which oversees AI-related aspects, but Gobind said there is a pressing need to expand oversight to cover data as a whole. 'This is where we see the importance of having a mechanism that can monitor risks and take action as we go along. We are looking at broadening the scope of data regulation, and that is why we are proposing the establishment of the Data Commission. 'We want to ensure that we have specific standards that must be followed. Rules are in place, but they also need to be enforced, and the laws must be implemented. This is already in the plan, and moving forward, I hope the Data Commission can be established soon,' he said during the question-and-answer session in the Dewan Rakyat today. Gobind was responding to a supplementary question from Ahmad Fadhli Shaari (PN-Pasir Mas) regarding the government's commitment to establishing a special review body or an independent committee to ensure that the use of technologies such as AI does not compromise personal data or public privacy. He said the establishment of the Data Commission would fill the gap in the regulatory landscape by providing a fully empowered authority to handle data-related issues beyond the scope of personal data. The commission would also create a clearer governance structure, thereby boosting public and investor confidence in the level of data security in the country, he added. In reply to the original question from Datuk Seri Doris Sophia Anak Brodi (GRS-Sri Aman) on the government's measures to ensure the use of AI in cybersecurity complies with ethical principles and privacy rights, Gobind said Malaysia is finalising the National AI Action Plan.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store