Latest news with #RM59.1
New Straits Times
5 days ago
- Business
- New Straits Times
Bursa opens firm on tech, AI investment optimism
KUALA LUMPUR: Bursa Malaysia opened higher on Thursday, lifted by optimism over the country's digital investment pipeline, despite an overnight decline on Wall Street. The Ministry of Investment, Trade and Industry said Malaysia's digital investment pipeline reached RM59.1 billion as of April 2025, fuelling growth in the artificial intelligence (AI) and technology sectors. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.66 points to 1,525.14 from Wednesday's close of 1,523.48. The benchmark index opened 2.12 points higher at 1,525.60. In the broader market, decliners led gainers 147 to 123, while 237 counters were unchanged, 1,879 untraded and 110 suspended. Turnover was 107.21 million shares worth RM57.59 million. Wall Street closed lower overnight, following reports that the US President Donald Trump had ordered American software firms to halt services to Chinese companies, said Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng. He noted, however, that Nvidia's earnings, released after the market closed, exceeded consensus forecasts, reviving investor sentiment and lifting US futures. Back home, the FBM KLCI had fallen on May 28 despite a strong start, as market sentiment remained fragile. "As such, we expect the ongoing consolidation to persist in the absence of catalysts, with the index likely to hover between 1,520 and 1,530 today," he told Bernama. Among heavyweights, Malayan Banking added two sen to RM9.86, Public Bank rose one sen to RM4.34, and CIMB gained three sen to RM6.90. Tenaga Nasional was flat at RM14.10, while IHH Healthcare eased one sen to RM6.90. In active trade, Avangaad, Harvest Miracle, MYEG and Sumisaujana were unchanged at 28 sen, 18 sen, 89 sen and 17.5 sen respectively, while Nationgate added three sen to RM1.61. On the index board, the FBM Emas Index advanced 7.37 points to 11,404.54, the FBMT 100 Index rose 8.73 points to 11,170.10, and the FBM ACE Index gained 6.24 points to 4,555.58. The FBM Emas Shariah Index edged up 1.35 points to 11,376.86, while the FBM 70 Index slipped 0.68 of a point to 16,305.97. By sector, the Financial Services Index added 13.43 points to 17,971.33, the Industrial Products and Services Index eased 0.09 of a point to 152.61, the Energy Index fell 2.39 points to 704.12, while the Plantation Index rose 2.29 points to 7,294.84.
Barnama
5 days ago
- Business
- Barnama
Malaysia's Digital Investment Pipeline Reaches RM59.1 Bln As Of April -- Tengku Zafrul
BUSINESS KUALA LUMPUR, May 28 -- Prime Minister Datuk Seri Anwar Ibrahim and Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz having a chat at the ASEAN Gulf Cooperation Council (GCC) Economic Forum 2025 here today. --fotoBERNAMA (2025) COPYRIGHT RESERVED KUALA LUMPUR, May 28 (Bernama) -- Malaysia has a digital investment pipeline of RM59.1 billion as of April 2025, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said that the projected information technology (IT) load for this pipeline exceeds 300 megawatts (MW). 'From 2021 to 2024, approved investments in data centres and cloud computing alone total RM113.8 billion, with 23 landmark projects proposing nearly 1,900 MW in IT load,' he said in his opening remarks at the Microsoft Artificial Intelligence (AI) Tour 2025, here today. Tengku Zafrul said the impact of Microsoft's investments, along with other strategic digital projects, has propelled Malaysia into the upper echelons of regional digital competitiveness. 'Malaysia's AI ecosystem is vibrant, we have over 140 local AI solution providers in the Malaysia Digital framework, delivering real-world applications in healthcare, agriculture, cities, and manufacturing. 'Our policy ecosystem also supports this momentum. The government has introduced the Digital Ecosystem Acceleration (Desac) incentive to attract high-quality, sustainable digital infrastructure,' he said. He noted that Microsoft's commitment is pivotal, as evidenced by initiatives such as Project Big Blue in Johor and Project Baby Blue in Cyberjaya, as well as the US$1 billion Bersama Malaysia Initiative and the recent US$2.2 billion GoSEA announcement (US$1=RM4.23). These are investments in Malaysia's future, people, and status as a regional AI and digital hub, said Tengku Zafrul. In 2024, Malaysia approved a record RM133.3 billion in new digital investments, bringing the total approved during the 2021-2024 period to RM278 billion across 23 major projects, anchored by advanced data centres and cloud infrastructure, creating nearly 88,000 new jobs and establishing Malaysia as a digital leader in ASEAN.
The Star
6 days ago
- Business
- The Star
Tengku Zafrul: Malaysia's digital investment pipeline reaches RM59.1bil as of April
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz KUALA LUMPUR: Malaysia has a digital investment pipeline of RM59.1 billion as of April 2025, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said that the projected information technology (IT) load for this pipeline exceeds 300 megawatts (MW). "From 2021 to 2024, approved investments in data centres and cloud computing alone total RM113.8 billion, with 23 landmark projects proposing nearly 1,900 MW in IT load,' he said in his opening remarks at the Microsoft Artificial Intelligence (AI) Tour 2025, here today. Tengku Zafrul said the impact of Microsoft's investments, along with other strategic digital projects, has propelled Malaysia into the upper echelons of regional digital competitiveness. "Malaysia's AI ecosystem is vibrant, we have over 140 local AI solution providers in the Malaysia Digital framework, delivering real-world applications in healthcare, agriculture, cities, and manufacturing. "Our policy ecosystem also supports this momentum. The government has introduced the Digital Ecosystem Acceleration (Desac) incentive to attract high-quality, sustainable digital infrastructure,' he said. He noted that Microsoft's commitment is pivotal, as evidenced by initiatives such as Project Big Blue in Johor and Project Baby Blue in Cyberjaya, as well as the US$1 billion Bersama Malaysia Initiative and the recent US$2.2 billion GoSEA announcement (US$1=RM4.23). These are investments in Malaysia's future, people, and status as a regional AI and digital hub, said Tengku Zafrul. In 2024, Malaysia approved a record RM133.3 billion in new digital investments, bringing the total approved during the 2021-2024 period to RM278 billion across 23 major projects, anchored by advanced data centres and cloud infrastructure, creating nearly 88,000 new jobs and establishing Malaysia as a digital leader in ASEAN. "Malaysia's digital economy is projected to contribute 25.5 per cent of gross domestic product (GDP) this year, with national GDP growth forecast between 4.5 per cent and 5.5 per cent. "Our ambitions are tightly linked to our role as ASEAN chair in 2025, where we are championing the theme: 'Advancing for a Resilient, Inclusive, and Sustainable ASEAN,'' he added. - Bernama
The Sun
6 days ago
- Business
- The Sun
Malaysia's digital investment pipeline reaches RM59.1 bln as of April -- Tengku Zafrul
KUALA LUMPUR: Malaysia has a digital investment pipeline of RM59.1 billion as of April 2025, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said that the projected information technology (IT) load for this pipeline exceeds 300 megawatts (MW). 'From 2021 to 2024, approved investments in data centres and cloud computing alone total RM113.8 billion, with 23 landmark projects proposing nearly 1,900 MW in IT load,' he said in his opening remarks at the Microsoft Artificial Intelligence (AI) Tour 2025, here today. Tengku Zafrul said the impact of Microsoft's investments, along with other strategic digital projects, has propelled Malaysia into the upper echelons of regional digital competitiveness. 'Malaysia's AI ecosystem is vibrant, we have over 140 local AI solution providers in the Malaysia Digital framework, delivering real-world applications in healthcare, agriculture, cities, and manufacturing. 'Our policy ecosystem also supports this momentum. The government has introduced the Digital Ecosystem Acceleration (Desac) incentive to attract high-quality, sustainable digital infrastructure,' he said. He noted that Microsoft's commitment is pivotal, as evidenced by initiatives such as Project Big Blue in Johor and Project Baby Blue in Cyberjaya, as well as the US$1 billion Bersama Malaysia Initiative and the recent US$2.2 billion GoSEA announcement (US$1=RM4.23). These are investments in Malaysia's future, people, and status as a regional AI and digital hub, said Tengku Zafrul. In 2024, Malaysia approved a record RM133.3 billion in new digital investments, bringing the total approved during the 2021-2024 period to RM278 billion across 23 major projects, anchored by advanced data centres and cloud infrastructure, creating nearly 88,000 new jobs and establishing Malaysia as a digital leader in ASEAN. 'Malaysia's digital economy is projected to contribute 25.5 per cent of gross domestic product (GDP) this year, with national GDP growth forecast between 4.5 per cent and 5.5 per cent. 'Our ambitions are tightly linked to our role as ASEAN chair in 2025, where we are championing the theme: 'Advancing for a Resilient, Inclusive, and Sustainable ASEAN,'' he added.
The Sun
6 days ago
- Business
- The Sun
Malaysia digital investment hits RM59.1 bln as of April
KUALA LUMPUR: Malaysia has a digital investment pipeline of RM59.1 billion as of April 2025, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said that the projected information technology (IT) load for this pipeline exceeds 300 megawatts (MW). 'From 2021 to 2024, approved investments in data centres and cloud computing alone total RM113.8 billion, with 23 landmark projects proposing nearly 1,900 MW in IT load,' he said in his opening remarks at the Microsoft Artificial Intelligence (AI) Tour 2025, here today. Tengku Zafrul said the impact of Microsoft's investments, along with other strategic digital projects, has propelled Malaysia into the upper echelons of regional digital competitiveness. 'Malaysia's AI ecosystem is vibrant, we have over 140 local AI solution providers in the Malaysia Digital framework, delivering real-world applications in healthcare, agriculture, cities, and manufacturing. 'Our policy ecosystem also supports this momentum. The government has introduced the Digital Ecosystem Acceleration (Desac) incentive to attract high-quality, sustainable digital infrastructure,' he said. He noted that Microsoft's commitment is pivotal, as evidenced by initiatives such as Project Big Blue in Johor and Project Baby Blue in Cyberjaya, as well as the US$1 billion Bersama Malaysia Initiative and the recent US$2.2 billion GoSEA announcement (US$1=RM4.23). These are investments in Malaysia's future, people, and status as a regional AI and digital hub, said Tengku Zafrul. In 2024, Malaysia approved a record RM133.3 billion in new digital investments, bringing the total approved during the 2021-2024 period to RM278 billion across 23 major projects, anchored by advanced data centres and cloud infrastructure, creating nearly 88,000 new jobs and establishing Malaysia as a digital leader in ASEAN. 'Malaysia's digital economy is projected to contribute 25.5 per cent of gross domestic product (GDP) this year, with national GDP growth forecast between 4.5 per cent and 5.5 per cent. 'Our ambitions are tightly linked to our role as ASEAN chair in 2025, where we are championing the theme: 'Advancing for a Resilient, Inclusive, and Sustainable ASEAN,'' he added.
