logo
Record deals since Merdeka

Record deals since Merdeka

The Star12-06-2025
Engaging the youth: Anwar greeting students at the 2025 National TVET Day celebration in MITC, accompanied by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. — Bernama
MELAKA: Malaysia has approved investments amounting to RM89.8bil in the first quarter of this year, the largest amount for this time period since Merdeka, says Datuk Seri Anwar Ibrahim.
The Prime Minister said that this figure was a 3.7% increase compared to the same period last year, signalling strong investor confidence even as global supply chains and investments are being affected by tariffs imposed by the United States.
'This figure also demonstrates that our economy remains resilient and competitive despite global turbulence and economic uncertainty, including the imposition of tariffs by the United States,' he said during his keynote address at the 2025 National TVET Day celebration held at the Melaka International Trade Centre (MITC) in Ayer Keroh yesterday.
Anwar also revealed that a major US-based chip manufacturer had recently expressed interest in investing RM10bil in Malaysia.
'In principle, we have agreed to the proposal, but we have asked the American company to hold until July 9 when President Trump is expected to finalise the new tariff rates,' he said.
'However, the investors indicated they are still keen to proceed, confident that Malaysia will not be significantly affected by the tariffs.'
Anwar said that the company had requested expedited approval to begin operations in the country.
'Beyond political stability, foreign investors have also been impressed by the professionalism and discipline of our local workforce.
'This sentiment was echoed in a recent meeting with Google, where they acknowledged that Malaysia's talent pool is among the best in Asia in terms of discipline and skill,' he added.
Anwar said the recent development also reinforces the fact that the government's clear policies, along with political stability, continue to position Malaysia as an attractive destination for global investment.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Indonesia's tech firm adds 29.5 bln USD, 2 mln jobs to economy
Indonesia's tech firm adds 29.5 bln USD, 2 mln jobs to economy

The Star

timean hour ago

  • The Star

Indonesia's tech firm adds 29.5 bln USD, 2 mln jobs to economy

JAKARTA, Aug. 12 (Xinhua) -- Indonesia's largest digital firm, PT GoTo Gojek Tokopedia (GoTo), generated 480.72 trillion rupiahs (29.5 billion U.S. dollars) in economic value in 2024 and created over 2.03 million jobs, a report showed Tuesday. The study by the Jakarta-based Prasasti Center for Policy Studies found GoTo's direct economic contribution reached 355.33 trillion rupiahs (21.8 billion dollars), with indirect impacts of 125.39 trillion rupiahs (7.7 billion dollars). The company's activities also helped cut the national poverty rate by 0.45 percentage points. "GoTo has delivered real social impact by creating jobs, increasing incomes, and expanding financial inclusion for MSMEs and informal workers," said research director Gundy Cahyadi. He called for stronger government policies and incentives to bolster local digital industries as part of an equitable and sustainable growth strategy. GoTo, the country's largest internet technology firm, offers services in mobility, delivery, payments, financial services, and merchant technology solutions.

Chaberton Ranks 53rd on Inc. 5000 List of Fastest-Growing Private Companies in U.S., No. 1 Maryland Company
Chaberton Ranks 53rd on Inc. 5000 List of Fastest-Growing Private Companies in U.S., No. 1 Maryland Company

Malaysian Reserve

timean hour ago

  • Malaysian Reserve

Chaberton Ranks 53rd on Inc. 5000 List of Fastest-Growing Private Companies in U.S., No. 1 Maryland Company

Chaberton Energy secures 53rd spot on Inc. Magazine's 2025 Inc. 5000 list after placing No. 34 last year. The national renewable energy developer is the No. 2 fastest-growing energy company and No. 1 Maryland company on this year's Inc. 5000 list, showing sustained strength in an evolving energy market. ROCKVILLE, Md., Aug. 12, 2025 /PRNewswire/ — Chaberton Energy today was ranked No. 53 on this year's Inc. 5000, the most prestigious list of America's fastest-growing privately held companies. This is Chaberton's second consecutive year on the list after ranking 34th last year. The national renewable energy developer achieved profitability in its third year of operations and saw 52x revenue growth from 2021 to 2024, the timeframe used for this year's Inc. 5000 list. Chaberton is the fastest-growing Maryland-based company ranked this year after finishing second last year and is the nation's second-highest ranked energy company after being third last year. 'It's remarkable to earn a spot in the top 100 of the Inc. 5000 for a second consecutive year, and we are especially proud of this achievement given all the recent changes in the energy industry,' said Stefano Ratti, Chaberton's CEO and founder. 'We have a phenomenal team that is able to deliver complex projects, constantly innovating and adapting to changing conditions, and ultimately helping to address broad issues such as rising energy demand, higher prices, and policy shifts.' Founded in 2020, Chaberton develops renewable energy projects for businesses and for communities, including solar and energy storage installations. These projects save money for subscribers, provide reliable energy supplies in the communities where they operate, stabilize the electric grid, and support economic growth. Chaberton has secured site control for energy projects at more than 140 sites across states including Maryland, Delaware, Virginia, New Mexico, Illinois and Pennsylvania, among others. This accounts for more than 790 megawatts of electric generating capacity under development — enough to eliminate more than half a million metric tons of carbon emissions annually. The company's top ranking in Maryland highlights the company's position as a leader in its home state. The Inc. 5000 list provides a data-driven snapshot of the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. About Chaberton Energy Headquartered in Maryland, Chaberton Energy is a public benefit corporation developing sustainable infrastructure and renewable energy projects. Chaberton's work ranges from site conception to full operations, emphasizing distributed energy, community solar, and commercial and industrial initiatives. These projects support the transition to renewable energy and benefit residents and businesses economically. Learn more at Media ContactLia Morrison‪

South Korea's former first lady to be arrested after court issues warrant
South Korea's former first lady to be arrested after court issues warrant

New Straits Times

time2 hours ago

  • New Straits Times

South Korea's former first lady to be arrested after court issues warrant

SEOUL: South Korea's former first lady Kim Keon Hee will be incarcerated immediately after a court late on Tuesday issued a warrant to arrest her following accusations of graft that she denies, the Yonhap news agency reported. Kim would be South Korea's only former first lady to be arrested, joining her husband, ex-president Yoon Suk Yeol, in jail as he faces trial, following his ouster in April, over a botched bid to impose martial law in December. Earlier in the day, Kim, wearing a black suit, bowed as she arrived, but did not answer reporters' questions or make a statement. After the hearing ended she left to await the ruling at a detention centre in Seoul, the capital, in line with customary practice. Kim will be incarcerated immediately, Yonhap said after the warrant was issued by the Seoul Central District Court. The charges against her, punishable by years in prison, range from stock fraud to bribery and illegal influence-peddling that have implicated business owners, religious figures and a political power broker. She has been accused of breaking the law over an incident in which she wore a luxury Van Cleef pendant reportedly worth more than 60 million won (US$43,000) while attending a NATO summit with her husband in 2022. The item was not listed in the couple's financial disclosure as required by law, according to the charge. Kim is also accused of receiving two Chanel bags together valued at 20 million won and a diamond necklace from a religious group as a bribe in return for influence favourable to its business interests. The prosecution sought Kim's arrest because of the risk of her destroying evidence and interfering with the investigation, a spokesperson for the special prosecutor's team told a press briefing after Tuesday's hearing. The spokesperson, Oh Jeong-hee, said Kim had told prosecutors the pendant she wore was a fake bought 20 years ago in Hong Kong. The prosecution said it was genuine, however, and given by a domestic construction company for Kim to wear at the summit, Oh said. Kim's lawyers did not immediately comment on Tuesday but they have previously denied the accusations against her and dismissed as groundless speculation news reports about some of the gifts she allegedly received. Yoon is on trial on charges of insurrection, which could result in life imprisonment or even the death penalty. The former president, who also faces charges of abuse of power among others, has denied wrongdoing and refused to attend trial hearings or be questioned by prosecutors.

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