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UK semiconductor firm Arm Holdings Plc is set to establish a base in Malaysia, following discussions between its CEO and SoftBank's Masayoshi Son. Prime Minister Anwar Ibrahim highlighted Malaysia's political stability as a key factor in attracting this investment, while also noting the need for a skilled workforce to meet industry demands.
HSBC's new sustainability chief, Julian Wentzel, argues for a shift away from penalizing fossil fuel clients, emphasizing the importance of the carbon economy for energy security. As banks reassess their net zero commitments amid rising global temperatures, HSBC aims to align with a 1.5°C pathway by 2050, despite growing challenges. The focus should be on facilitating low-carbon investments rather than constraining fossil fuel capital flows.
HSBC is restructuring its leadership in Asia to streamline operations by assigning additional responsibilities to country heads in smaller markets. Effective March 1, Peter Kim and Tim Evans will take on dual roles in Korea and Vietnam, respectively, while other leaders in Malaysia, Taiwan, and Thailand will also assume additional duties. The changes aim to enhance service delivery and support strategic objectives, as CEO Georges Elhedery continues to implement cost-reduction measures and simplify the organizational structure.
On January 7, 2025, Singapore and Malaysia signed an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ) in Johor, aimed at enhancing investment and economic ties. Spanning nine flagship areas, the JS-SEZ will focus on high-growth sectors, streamline cross-border connectivity, and create 20,000 skilled jobs, positioning itself as a model for regional cooperation and sustainable development in ASEAN.
Vortex Energy is expanding its investment strategy to include data centers in Spain and an emerging markets climate fund focused on renewable energy and sustainable infrastructure in Central and Southeast Europe, Latin America, and Africa. The firm is adapting to changing market dynamics by shifting towards development platforms and addressing challenges in achieving global net-zero targets, emphasizing the need for structural changes in power markets and energy efficiency. With a strong portfolio in energy transition sectors, Vortex aims to leverage its unique hybrid investment approach to drive sustainable growth.
Huawei's Mate XT Ultimate Tri-Fold phone, launched in September 2024, introduces a dual-fold screen design, intensifying competition for Samsung's Galaxy Z Fold 6. Priced at RM 14,999 (around $3400), it boasts durability but lacks Google services, which may limit its global appeal. In response, Samsung is developing its own Galaxy G Fold, expected to launch soon, as it navigates the pressure to innovate in the foldable market.
Macao has introduced its first wearable payment solution, enhancing user convenience and contributing to its smart city development. In partnership with Huawei, Macau Pass allows users to link their MPay accounts to Huawei watches for seamless payments, utilizing advanced security measures to prevent fraud. This innovation supports the growing trend of mobile payments in the region.
Huawei has launched its Mate XT Ultimate Tri-Fold phone globally, posing a significant threat to Samsung's Galaxy Z Fold 6. Priced at RM 14,999 (around $3,400), the device features a dual-fold screen design, while Samsung is reportedly developing its own tri-fold model with a dual inward folding design, expected to be unveiled soon. However, Huawei's lack of Google Mobile Services raises concerns about its app ecosystem despite claims of broad compatibility.
Market reactions to new tariffs are expected to be more orderly than in 2018, with Chinese equities showing muted positioning compared to previous trade escalations. The U.S. economy may face a 0.8% hit by 2025 if tariffs are prolonged, while Asian currencies, particularly the Korean won and Malaysian ringgit, could be vulnerable to a weakening yuan. The Indian rupee is anticipated to remain more defensive despite potential rate cuts amid a cyclical slowdown.
Mmc Port Holdings has engaged CIMB, Maybank, RHB, and UBS to facilitate an initial public offering (IPO) in Malaysia, aiming to raise over 6 billion ringgit (approximately $1.34 billion). This strategic move highlights the company's growth ambitions in the region.
Malaysian Ringgit
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Arm Holdings to establish operations in Malaysia amid investment growth
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