Latest news with #GovernmentofMalaysia
The Sun
7 days ago
- General
- The Sun
Fahmi sees off Brunei Sultan at Subang Airport
KUALA LUMPUR: Communications Minister Datuk Fahmi Fadzil was on hand at the Subang Airport yesterday to bid farewell to the Sultan of Brunei, Sultan Hassanal Bolkiah and Raja Isteri Pengiran Anak Hajah Saleha, who returned home. In a Facebook post, Fahmi also shared several photographs of Their Majesties' departure. 'The Government of Malaysia deeply appreciates the continued contributions of Brunei Darussalam in strengthening the spirit of consensus and regional cooperation. 'We pray that Their Majesties are blessed with lasting good health. Thank you, Your Majesties,' he said. Sultan Hassanal Bolkiah arrived in Malaysia on May 25 to attend the 46th ASEAN Summit and Related Summits held at the Kuala Lumpur Convention Centre on May 26 and 27. His Majesty had been resting at the National Heart Institute (IJN) since May 27 due to fatigue and continued to rest at a hotel after being discharged from IJN on Saturday (May 31).
Korea Herald
29-05-2025
- Business
- Korea Herald
Sovereign AI, Resilient Economies, and Regional Connectivity Headline FORTUNE ASEAN-GCC-China and FORTUNE ASEAN-GCC Economic Forums 2025
Landmark forums in Kuala Lumpur close with a high-level call for shared AI governance, infrastructure investment, and inclusive growth across ASEAN, GCC, and China. KUALA LUMPUR, Malaysia, May 29, 2025 /PRNewswire/ -- The FORTUNE ASEAN-GCC-China and FORTUNE ASEAN-GCC Economic Forums 2025 in Kuala Lumpur, Malaysia, have concluded with a clear call to action: Advance sovereign AI, deepen regional economic ties, and adopt inclusive growth strategies to weather global uncertainties. Organized by Fortune in collaboration with the Government of Malaysia, the landmark two-day program convened heads of government, FORTUNE 500 CEOs, industry leaders, and innovation pioneers from ASEAN, the Gulf Cooperation Council (GCC) and China. With the theme "Inclusivity and Sustainability," the forums provided a vital platform for government and business leaders to explore ways in which the 18 participating countries could collaborate to forge a shared economic roadmap for the future. Opening with the Fortune ASEAN-GCC-China Economic Forum (AGCEF) and Gala Dinner on Tuesday, the events catalyzed bold discussions on how to harness shared strengths—from natural resources and capital to digital infrastructure and youth-driven innovation—to navigate today's geopolitical and technological disruptions. At the AGCEF Gala Dinner, the Honourable Dato' Seri Anwar bin Ibrahim, Prime Minister of Malaysia, reaffirmed ASEAN's commitment to centrality, effective engagement, and focusing on economic fundamentals to drive growth. He expressed appreciation for the unprecedented cooperation from ASEAN, GCC, and China, noting the leaders' consensus to issue a joint statement outlining shared principles of good governance, policy clarity, and the protection of citizens' welfare across all three regions. His Excellency Li Qiang, Premier of the People's Republic of China told government ministers, policymakers and business leaders at the Gala Dinner that China, ASEAN, and the GCC countries enjoy a long-standing friendship and cooperation, rooted in a rich historical foundation. He noted that "China stands ready to work with ASEAN and GCC countries to strengthen alignment of development strategies, and deepen cooperation on regional integration. We must also firmly uphold the WTO-centered multilateral trading system, safeguard the stable and unimpeded functioning of industrial and supply chains, and keep breaking new ground in our common development." At the ASEAN-GCC Economic Forum, leaders acknowledged the need for a new framework on global AI cooperation rooted in sovereignty, inclusivity, and digital infrastructure. His Excellency Pham Minh Chinh, Prime Minister of Vietnam told the forum AI is a strategic growth imperative and urged alignment between ASEAN's emerging markets and GCC nations. Leaders also explored strategies to enhance data infrastructure and drive innovation to drive sustainable growth and competitiveness. Unity in Harmony: A Historic Anthem for the Future In a celebration of unity, Fortune used AI to co-create the ASEAN-GCC-China Theme Song - "A Shared Future" (命运共同体) – which was unveiled at the Gala Dinner on Tuesday. Saudi Arabia's first female singer, Dalia Mubarak, was joined onstage by six top artists from across the three regions including Balqees Fathi from United Arab Emirates, Princess Norodom Jenna (Cambodia), Siti Nurhaliza (Malaysia), Laure Shang (China), Dana Al Meer (Qatar) and Văn Mai Hương (Vietnam). Together, they delivered a rousing live performance blending tradition with innovation and serving as a powerful symbol of female empowerment to inspire young female leaders. Images of the debut of "A Shared Future" can be downloaded here. Credit: Courtesy of Fortune Spotlighting Southeast Asia's Strategic Rise The two forums cement Fortune's growing role in highlighting the economic transformation of Southeast Asia and its pivotal position in bridging the East and the West. Collectively, the ASEAN-GCC-China corridor represents over two billion people and 20 per cent of global GDP. "The Fortune ASEAN-GCC-China and ASEAN-GCC Economic Forums 2025 are just the beginning. We are committed to chronicling how these regions define the next era of leadership on AI, energy, and inclusive growth. The forums demonstrate that ASEAN, the GCC, and China are not just responding to change but shaping it," says Clay Chandler, Executive Editor, Asia, Fortune. Looking ahead, Chandler notes, "Fortune will continue to spotlight the region's business transformation, and we are excited to announce the publication of the second annual FORTUNE Southeast Asia 500 next month." AGCEF and AGEF 2025: By the Numbers About the Forums The ASEAN-GCC-China and ASEAN-GCC Economic Forums were hosted by FORTUNE in collaboration with the Government of Malaysia via the Prime Minister's Office. Anchor partners included ADQ, G42 and XRG. Maybank and Guangzhou Industrial Investment Holdings Group supported as strategic partners. Our partners also included Berjaya, Lotus's, IJM Corporation Berhad, CPM, Guangzhou Pharmaceutical Holdings Group, TCL Technology Group Corporation, EPG, BPai Technologies, Newfields and ACCCIM. FORTUNE drives the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today-and that will matter even more tomorrow. With the trusted power to convene and challenge those shaping industry, commerce and society worldwide, FORTUNE lights the path for global leaders and gives them the tools to make business better. For more information, visit .
Malaysian Reserve
15-05-2025
- Business
- Malaysian Reserve
High Court strikes out former suit challenging validity of insider trading law
THE High Court (Special Powers Division) today struck out a civil suit filed by Malaysian Merchant Marine Bhd (MMM) former executive deputy chairman Datuk Ramesh Rajaratnam against the Securities Commission Malaysia (SC) and the Government of Malaysia. Justice Datuk Amarjeet Singh ruled that the originating summons filed by Ramesh was an abuse of court process and awarded costs of RM5,000 to the SC and the Government of Malaysia respectively, SC said in a statement today. On Sept 10, 2024, Ramesh commenced a civil suit at the High Court and sought a declaration that section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA) was contrary to Articles 5(1), 8(1) and (2), 10(1)(a) and 13 of the Federal Constitution and therefore null, void, and of no effect immediately. In response, the SC filed an application on Oct 8, 2024 to strike out the civil suit on the grounds that it was barred by res judicata, amounted to an abuse of process, and was a collateral attack upon his criminal conviction by the Sessions Court and his ongoing criminal appeal before the High Court. Ramesh was previously charged at the Kuala Lumpur Sessions Court on April 29, 2015 with three charges of insider trading under section 188(2)(a) of the CMSA. He was convicted following a full trial and was sentenced to five years imprisonment and a fine of RM3 million (in default three years imprisonment) for each charge. In relation to the appeal to the High Court, the statement said Ramesh's conviction and sentence on all three charges were set aside on the grounds of judicial copying by the trial judge. The Court of Appeal subsequently reinstated his conviction and sentence for the first charge upon the Public Prosecutor's appeal and remitted the case to the High Court for the case to be heard on its merits. The appeal on merits is pending hearing before the High Court. — TMR
Barnama
26-04-2025
- Business
- Barnama
Visa-free Extension Heralds New Era Of Malaysia-China Relations
Prime Minister Datuk Seri Anwar Ibrahim (right) shaking hands with President of China Xi Jinping at the Memorandum of Understanding (MOU) signing ceremony in conjunction with the State Visit of the President of China to Malaysia at the Seri Perdana Complex on April 16, 2025. --fotoBERNAMA (2025) COPYRIGHT RESERVED Prime Minister Datuk Seri Anwar Ibrahim (right) with Chinese President Xi Jinping (left) witnessing the exchange of memoranda of understanding (MoUs) between the Government of Malaysia and the Government of China, represented by Home Minister Datuk Seri Saifuddin Nasution Ismail (second, right) and China's Foreign Minister Wang Yi (second, left) at Seri Perdana Complex on April 16, 2025. --fotoBERNAMA (2025) COPYRIGHT RESERVED By Linda Khoo Hui Li KUALA LUMPUR, April 26 (Bernama) -- The extension of visa-free travel between Malaysia and China is a strategic move that not only reflects deepening bilateral ties but also promises to boost cross-sectoral cooperation in tourism, education, and business, experts said. The arrangement is expected to significantly enhance people-to-people connections, enabling deeper cultural exchange, understanding, and academic ties between the two nations. bootstrap slideshow Universiti Malaya's Asia-Europe Institute (AEI) Deputy Executive Director, Associate Prof Dr Roy Anthony Rogers, said the mutual visa exemption will not only benefit both governments and businesses, but also pave the way for greater opportunities to strengthen people-to-people connections. 'The visa exemption will increase the flow of people, which is something we should encourage, because for the past 50 years, bilateral relations have been too focused on government-to-government engagement. 'It is time to promote second and third track diplomacy through this visa exemption,' he told Bernama. Echoing similar views, Chairman of the Centre for Regional Strategic Studies (CROSS), Lee Chean Chung, said the decision underscored the robust bilateral ties between the two nations, shaped by mutual trust and confidence. He said the initiative is poised to effectively promote economic growth across sectors such as tourism, academic collaboration, and healthcare tourism. 'This will allow a wider array of Chinese visitors to Malaysia, encompassing not only tourists but also parents accompanying students, and individuals seeking medical treatment.
Barnama
21-04-2025
- Business
- Barnama
China-Malaysia Visa-free Deal Marks Milestone In Bilateral Ties
Prime Minister Datuk Seri Anwar Ibrahim (right) with Chinese President Xi Jinping (left) witnessing the exchange of memoranda of understanding (MoUs) between the Government of Malaysia and the Government of China, represented by Home Minister Datuk Seri Saifuddin Nasution Ismail (second, right) and China's Foreign Minister Wang Yi (second, left) at Seri Perdana Complex on April 16, 2025. --fotoBERNAMA (2025) COPYRIGHT RESERVED By Linda Khoo KUALA LUMPUR, April 21 (Bernama) -- The mutual visa exemption agreement between China and Malaysia, inked during Chinese President Xi Jinping's recent state visit, marks a significant milestone in deepening bilateral relations. Universiti Malaya political analyst Associate Professor Dr Awang Azman Awang Pawi described the agreement as a strategic move that facilitates seamless people-to-people exchanges and lays a strong foundation for closer ties between the two countries. bootstrap slideshow He said the visa-free arrangement also promotes broader cooperation, reinforcing the Malaysia-China Comprehensive Strategic Partnership and carrying positive implications for regional cooperation and development. Increased mobility, he added, is expected to spur Chinese investment in high-growth sectors throughout Malaysia. 'The agreement paves the way for joint cultural initiatives, such as the collaborative nomination of the lion dance for UNESCO recognition. 'By strengthening bilateral ties, the agreement also contributes to regional stability and ASEAN cooperation, aligning with both countries' commitment to multilateralism,' he told Bernama. Awang Azman said the mutual visa exemption underscores the robust and evolving relationship between China and Malaysia. 'It aligns with the vision of building a high-level strategic community with a shared future, emphasising mutual respect and cooperation.
