MALAYSIA
Thailand's tourism thrives with $22.4 bn revenue: India key driver along with China, Malaysia
Thailand's tourism ministry reported a significant increase in foreign tourists during the first half of 2024, recording 17.5 million arrivals, marking a 35% rise from the same period last year. These visitors contributed 825 billion baht ($22.42 billion) in revenue, with China, Malaysia, and India as the leading source markets. Tourism remains a crucial economic driver for Thailand amidst challenges like slowing exports and high household debt.
Boeing to buy Spirit Aero in $4.7 bln deal after months of talks
Boeing announced on Monday that it will acquire its struggling supplier Spirit AeroSystems in a $4.7 billion all-stock deal, concluding months of negotiations. The total value of the transaction, including Spirit's net debt, is approximately $8.3 billion. Spirit shareholders will receive Boeing shares at an exchange ratio between 0.18 and 0.25, valuing Spirit shares at about $37.25 each. As part of the deal, Airbus will take over certain commercial work packages from Spirit.
Women’s T20 Asia Cup: India to play against Pakistan on July 19; Here is complete schedule
India, the dominant force with seven Asia Cup titles since 2012, prepares for the Women’s T20 Asia Cup starting July 19 in Dambulla, Sri Lanka. The tournament features top teams, with an all-female officiating team, promising thrilling matches culminating in the final on July 28.
Malaysian Airlines Boeing engine catches fire minutes after take-off, makes emergency landing. Details here
When a Boeing 737 Max 9 jet of Aalska Airlines was flying at an altitude of 16,000 feet in January, its door plug came off and the door got opened.
Hyderabad-Kuala Lumpur flight turns around after pilot notices snag mid-air, lands safely
A Malaysia Airlines flight, MH 199, from Hyderabad to Kuala Lumpur made an emergency landing back in Hyderabad due to a technical snag in one of the engines mid-air. The flight, carrying 138 passengers, took off from Rajiv Gandhi International Airport in the early hours of Thursday but had to return to the airport for safety reasons.
Finding MH370: A six-second signal could be key as researchers claim breakthrough in Malaysia Airlines Flight 370 search
Cardiff University research suggests hydrophones can help locate crashed airplanes like MH370. The study analyzed data from historical accidents and a submarine disappearance, proposing further investigation into the aircraft's last known location.
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Chinese premier in Malaysia to push east coast rail link
Chinese Premier Li Qiang, who is on a three-day visit to Malaysia, said Wednesday the plan would make the central line of a proposed Pan-Asia Railway, running from Kunming in China to Singapore, a reality. "This will better promote the construction of new international land and sea trade corridors, enhance regional connectivity, and deepen the building of the ASEAN community," Li said.
Malaysia preparing to join BRICS economic group, media report says
The group last year began to expand its membership as it looks to challenge a world order dominated by Western economies, with Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates joining and more than 40 countries expressing interest.
China's lust for durian is creating fortunes in Southeast Asia
Eric Chan, a former satellite and robot code writer, founded a durian company in Malaysia. China's demand for durian led to a twelvefold increase in exports to $6.7 billion last year.
Wreckage of plane disappeared in 1971 found? The search operations, probe and the truth
The experts found a private plane that vanished almost 50 years ago. Barbara Nikita and her cousin Kristina Nikita Coffey, from Tennessee, led recent search efforts and contacted other relatives of the victims.
ByteDance plans $2.1 billion investment in Malaysia for AI, minister says
As part of the deal, the latest in a number of global tech companies expanding into Southeast Asia, ByteDance will also expand its data centre facilities in Malaysia's Johor state through an additional 1.5 billion ringgit investment, Investment, Trade And Industry Minister Tengku Zafrul Aziz said.
Google says tech infrastructure investment in Singapore reaches $5 billion
The company said its data centres in Singapore employ over 500 people and are used to power services such as Google Search and Maps.
Malaysia Airlines bets big on Indian non-metro cities
Malaysia Airlines is facing challenges in expanding its operations in India due to a shortage of flying rights. The airline has exhausted its rights to Indian metros and is now planning to increase frequency from Amritsar to seven flights per week from August. The airline has also started flights from Trivandrum and Ahmedabad.
Google to invest $2 billion in data centre and cloud services in Malaysia
Google announces $2 billion investment in Malaysia for its first data centre and cloud region, supporting the country's digital ambitions and AI capabilities to enhance local industry and global competitiveness.
Malaysian Airlines Flight MH370: Mystery unraveled? Is debris scattered in Cambodian forests?
Malaysian Airlines flight MH370 was on its regular path from the Malaysian capital of Kuala Lumpur to the Chinese city of Beijing in March 2014, when it lost all contacts and disappeared from the radar. What happened?
Malaysia targets over $100 billion in semiconductor industry investment
Malaysia aims for $107 billion investment in its semiconductor industry, led by Prime Minister Anwar Ibrahim, targeting design, packaging, and manufacturing. The country is a key player globally, attracting major investments from firms like Intel and Infineon.
Sindhu signs off with runner-up finish at Malaysia Masters
The title would have been an icing on the cake but her impressive run to the final will still give her a lot of confidence as Sindhu looks to put the finishing touches ahead of the Paris Olympics. It was her first final on BWF world tour after more than a year.
PV Sindhu suffers defeat in Malaysia Masters final against China's Wang Zhiyi
PV Sindhu lost to Wang Zhiyi in the Malaysia Masters final match, with a score of 21-16, 5-21, 16-21.
New hope to resolve mystery of Malaysia Airlines MH370 that disappeared in 2014. Here are detail
The researchers at Cardiff University in the UK have said that audio signals captured at a hydroacoustic station off the coast of Australia could help in finding the debris of flight MH370 of Malaysia Airlines.
Satwik-Chirag win Thailand Open title
Satwiksairaj Rankireddy and Chirag Shetty won the men's doubles title at the Thailand Open Super 500 badminton tournament, adding to their BWF world tour victories. They defeated Chen Bo Yang and Liu Yi in straight games, showcasing their dominance in major badminton events.
Silkflex Polymers debuts with 15% premium on NSE SME platform
The shares of Silkflex Polymers debuted on the NSE SME platform on Wednesday with a premium/discount of 15%. The stock was listed at Rs 60 as against an issue price of Rs 52 per share.
Ex-Malaysian PM's wife sued over $346m
The companies are asking Rosmah Mansor to give up the luxury goods in her possession and pay $346 million.
Nearly 75% of Indians believe that global corporations are a threat to democracy: Report
India is also ranked top among countries fearing that big tech companies like Google, Amazon and Meta threaten democracy.
Britain's FTSE 100 hits record high as Shell shines
Britain's FTSE 100 opened at a record high, boosted by gains in Shell after Reuters reported its plans to sell the Malaysian gas station business and BP gained on maintaining share buyback plans but missed earnings forecast.
Microsoft announces $2.2 bn AI, cloud investment in Malaysia
Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country's AI infrastructure. The pledge comes after he announced a $1.7 bn investment in Indonesia, as well as Thailand's first data centre region this week to boost cloud and artificial intelligence infrastructure.
KFC Malaysia temporarily shutters outlets citing challenging economy
Malaysia, a majority-Muslim country, is a staunch supporter of the Palestinians, and some Western fast-food brands in the country, as in some other Muslim nations, have been targeted by boycott campaigns over Israel's military offensive in Gaza.
Lakshya Sen loses to Qi, bows out in opening round of Badminton Asia Championships
Indian shuttler Lakshya Sen suffered a straight-game loss to top seed Shi Yu Qi in the opening round of men's singles at the Badminton Asia Championships. Sen fought hard but lost 19-21 15-21 in the grueling opener. The Indians also lost to Priyanshu Rajawat in the men's singles opening round and Lee Zii Jia of Malaysia in the women's doubles opening round.
After Australia, now Malaysia declines to host 2026 Commonwealth Games
Malaysia has opted out of hosting the 2026 Commonwealth Games due to financial concerns, following Victoria, Australia's withdrawal last year. The Ministry of Youth and Sports confirmed, stating, 'The government has decided not to accept the offer from the Commonwealth Games Federation.' The decision comes after mixed reactions to CGF's 100 million pounds offer.
China, India seal Asian badminton team titles
China's men's team were crowned winners of the Badminton Asia Team Championships after they dispatched Malaysia 3-0 in a one-sided final Sunday. Despite that, they were far too superior for the rest having beaten Hong Kong, India, Indonesia, South Korea and finally Malaysia on their home turf.
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