
Anwar leaves for Rome to begin week-long working trip in Italy, France and Brazil
The Italian visit, Anwar's first as Prime Minister, is aimed at strengthening bilateral relations with the European nation.
The Prime Minister and his entourage left via the Bukit Raya Complex in Sepang in a chartered flight.
Anwar is set to meet captains of industry from 36 Italian firms, including multinational companies such as Leonardo SpA, STMicroelectronics and Ferrero during his maiden working visit.
Malaysian Ambassador to Italy Datuk Zahid Rastam said the meeting will take place during the Malaysia-Italy Economic Partnership Roundtable on July 2.
'In addition to the 36 Italian companies and several industry associations here, Malaysian companies accompanying the Prime Minister will also be in attendance,' he said in a virtual briefing ahead of the three-day working visit.
Leonardo specialises in aerospace, defence and security, STMicroelectronics is a semiconductor company, while Ferrero is one of the world's largest sweet-packaged food companies.
All three MNCs have a significant presence in Malaysia.
Italy is the third-largest national economy in the European Union (EU) and the world's eighth-largest by gross domestic product (GDP).
Its economy accounts for about 12 per cent of the EU's GDP.
Besides the business meeting, Anwar, who is also the Finance Minister, is also set to discuss bilateral cooperation on trade, investment, defence, agro-commodity and digital economy with his counterpart Giorgia Meloni.
Anwar's visit is at the invitation of Meloni.
They are also expected to touch on the Malaysia-EU Free Trade Agreement (MEUFTA).
The Prime Minister will be accompanied by five Cabinet ministers - Foreign Minister Datuk Seri Mohamad Hasan, Transport Minister Anthony Loke, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, Defence Minister Datuk Seri Mohamad Khaled Nordin, and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Also part of the delegation is Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohd Nasir.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Free Malaysia Today
16 minutes ago
- Free Malaysia Today
O&G consultant loses RM2.7mil to ‘Nova 88' investment scam
The victim realised he had been duped when each attempt to withdraw his purported profits required additional payments. PETALING JAYA : An oil and gas consultant in Perak lost over RM2.7 million to a non-existent investment scheme advertised on a website. Perak police chief Noor Hisam Nordin said the 37-year-old man lodged a report on June 29 at the Ipoh police headquarters, claiming he had been scammed through an online investment platform known as 'Nova 88'. He said preliminary investigations found the victim had registered an account on the website in April 2023 through a contact, now the main suspect, whom he had met via WhatsApp. The victim made an initial deposit of RM30,000 and was then given a user ID and password to monitor the supposed investment. 'Between Jan 5, 2024, and May 20, 2025, the victim made 136 fund transfers to seven different accounts, totalling RM2,701,687. 'The funds came from his savings and contributions from family members,' Bernama reported Noor Hisam as saying. He said the victim realised he had been duped when each attempt to withdraw his purported profits required additional payments. To date, he has been unable to access any returns, with the suspect having offered numerous excuses before eventually becoming unreachable. The case is being investigated under Section 420 of the Penal Code for cheating. Noor Hisam advised the public to avoid any form of investment offered through unlicensed, unregistered or unregulated websites. 'Such investments carry high risks and can lead to significant financial losses. Always verify the background of any investment company with recognised authorities such as Bank Negara Malaysia or the Securities Commission,' he said.


Free Malaysia Today
2 hours ago
- Free Malaysia Today
BNM says ringgit is market-determined
Bank Negara Malaysia said the country adopts a flexible exchange rate. (AP pic) PETALING JAYA : Bank Negara Malaysia (BNM) said the ringgit's exchange rate is market-determined and that the central bank's derivative positions are used to manage liquidity conditions. 'BNM's short forward positions reflect the central bank's activities in managing the liquidity needs of the domestic financial market for effective financial intermediation,' the central bank said in an emailed statement. 'These positions are utilised to manage liquidity conditions and not to influence exchange rates in the foreign exchange market,' BNM said. Some of emerging Asia's biggest central banks look to be dialing back interventions in the currency market and policymakers in India and Malaysia have reduced the size of some derivative positions, Bloomberg News reported on June 22. 'Malaysia adopts a flexible exchange rate,' BNM said. 'BNM's presence in the foreign exchange market, if any, is to manage excessive volatility in the exchange rate and ensure orderly market conditions,' it said.


The Sun
2 hours ago
- The Sun
Sapura Energy's regularisation plan to exit P17 status receives Bursa Malaysia approval
PETALING JAYA: Sapura Energy Bhd announced that Bursa Malaysia Securities has, through a letter dated June 30, 2025, approved the company's proposed regularisation plan (PRP). This marks a significant milestone in Sapura Energy's strategic efforts to restructure its debt, strengthen its financial position and exit its status as a company classified under Practice Note 17 (PN17) of the Main Market Listing Requirements. The approved PRP includes a comprehensive suite of measures comprising a capital reconstruction, debt restructuring, fundraising initiative and the necessary regulatory exemptions. These initiatives are designed to address accumulated losses and reduce total borrowings to support Sapura Energy's ongoing business turnaround and set the foundation for future growth. The proposed funding is earmarked for the settlement of outstanding payments to vendors in the Malaysian oil and gas ecosystem. 'We wish to extend our gratitude to Bursa Securities for their approval,' said Sapura Energy group CEO Muhammad Zamri Jusoh. 'This not only validates our regularisation strategy but also paves the way for us to emerge from PN17 stronger and more resilient. We remain committed to executing the regularisation plan responsibly, delivering value to our stakeholders and restoring market confidence in our business.' A general meeting of shareholders will be convened to approve the PRP, after which Sapura Energy will implement the approved measures and achieve full compliance with Bursa Securities' listing requirements. With the restructuring effective date targeted for August 2025 or latest by the longstop date of March 11, 2026, the group is set to conclude one of the most complex restructuring exercises in the country's history.