A Chinese worker looks on as a cargo ship is loaded at a port in Qingdao, eastern China’s Shandong province. AFP Contributor | AFP | Getty Images A perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. The beginning of peak shipping … Read more
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit’s international arm touted the company’s AI products as a way to fuel growth. The Chinese technology giant said it has expanded the availability zone of its cloud computing … Read more
Malaysia’s former prime minister Mahathir Mohamad said he and his family members were not involved in any “corrupt practices.” Last month, Malaysia’s Anti-Corruption Commission said Mahathir was among individuals being investigated over a corruption probe that involved his sons, according to Reuters. Mahathir’s sons — Mirzan and Mokhzani — were in January ordered to declare … Read more
Malaysia will not use monetary policy as a tool to shore up its currency, according to the central bank’s deputy governor. Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s monetary policy decisions will be determined by economic growth and the inflation outlook. “We won’t use interest rates as a tool to somewhat defend the … Read more
Ten people were killed on Tuesday when two helicopters collided mid-air during a rehearsal for a Royal Malaysian Navy parade, the navy said in a statement. All 10 were crew members aboard the aircraft involved in the accident, which occurred at the Lumut naval base in the western state of Perak at 9.32am local time … Read more
KUALA LUMPUR, MALAYSIA – 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. The urban city is also well known to the world for tourism and shopping. Kuala Lumpur … Read more
Conceptual image of green server room. Imaginima | Istock | Getty Images Southeast Asia saw a significant uptick in green investments in 2023, with a boost from green data center projects, though funding remains insufficient, according to a report released Monday. The analysis, conducted by Bain & Company, GenZero, Standard Chartered and Temasek, found that … Read more
Malaysia has declined the opportunity to host the 2026 Commonwealth Games due to financial concerns, as confirmed by the Ministry of Youth and Sports. This decision comes after the withdrawal of Victoria, Australia, last year. The Ministry stated, ‘The government has decided not to accept the offer from the Commonwealth Games Federation.’ The 2026 event … Read more
Singapore made global headlines last year when the government announced that biometric processing will replace travel document verifications at Changi Airport in the first half of 2024. But the city-state is going “passport-free” in another area: its land border with Malaysia. From Tuesday, people traveling by car between Singapore and Malaysia can show self-generated QR … Read more
PENANG, Malaysia: Construction cranes still surround the brand-spanking-new plant in Kulim’s industrial park in Malaysia. But inside, legions of workers hired by Austrian tech giant AT&S are already gearing up to produce at full capacity by year’s end. Outfitted in head-to-toe coveralls, with oversized safety glasses and hard hats, they’re reminiscent of the worker bees … Read more
