Brics a new frontier for M'sian businesses
He said they must be willing to explore trading opportunities overseas and not solely rely on traditional markets.
He also praised Malaysian companies Petronas and Yinson Production for...
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New Straits Times
an hour ago
- New Straits Times
Anwar holds discussions with Brazilian aerospace giant Embraer
RIO DE JANEIRO: Datuk Seri Anwar Ibrahim today held discussions with Brazilian aerospace company Embraer SA to discuss strategic investment opportunities in Malaysia. The prime minister, who met with Embraer president and chief executive Francisco Gomes Neto, emphasised the government's commitment to strengthening the aviation industry ecosystem through investor-friendly policies, local talent development, and high-impact technology partnerships. This is in line with the aspiration to make Malaysia a major aerospace hub, particularly in Asean, which has a highly-skilled workforce and an industry ecosystem which is robust and competitive. "Our discussions touched on the potential for Embraer to invest in Malaysia, including through collaborations with Malaysian airlines. "Malaysia also welcomes Embraer's participation in developing a maintenance, repair and overhaul centre, pilot training and supply chains, as well as low-carbon emission aircraft innovations, in line with the Madani Economy framework and the National Aerospace Master Plan 2030," said Anwar. He said he also appreciated Embraer's interest in strengthening cooperation with the defence sector through initiatives that can enhance the Malaysian armed forces' air mobility capabilities. The government, he said, was committed to ensuring that any form of cooperation would bring high-value jobs, the transfer of technology and inclusive economic growth for Malaysians. Anwar is in Brazil to attend the 17th BRICS Leaders Summit today and tomorrow. Malaysia's participation in the summit is as a BRICS partner nation and as Asean chair. Malaysia became a BRICS partner nation on Jan 1. Bilateral trade between Malaysia and Brazil grew by 14.6 per cent to RM20.35 billion in 2024, from RM17.43 the year before. This maintained Brazil's position as one of Malaysia's main trading partners in Latin America.
The Star
an hour ago
- The Star
Brazil opens BRICS summit in Rio, leaders of growing bloc, however, gather, without Xi or Putin
Brazilian President Luiz Inacio Lula da Silva (right) holding an empty box representing Vietnamese fish, and Vietnam's Prime Minister Pham Minh Chinh, holding an empty box representing Brazilian beef, pose for photos after signing a bilateral trade agreement, ahead of the upcoming 17th annual BRICS summit in Rio de Janeiro, Saturday, July 5, 2025. - AP Photo/Bruna Prado RIO DE JANEIRO (dpa): Leaders of the BRICS group of major emerging economies are meeting in the Brazilian metropolis of Rio de Janeiro on Sunday for a two-day summit. The BRICS acronym is derived from the initial letters of the founding member countries: Brazil, Russia, India, China and South Africa. In early 2024, Iran, Ethiopia, Egypt and the United Arab Emirates joined the group, while Indonesia entered in January. Chaired by Brazil, the summit plans to address health policy, artificial intelligence (AI) and climate change. But for the first time, Chinese President Xi Jinping will not be attending in person for the first time, sending Prime Minister Li Qiang in his place. Nor will Russian President Vladimir Putin be attending as he is wanted by the International Criminal Court for his role in the full-scale invasion of Ukraine, launched in 2022. Brazil, as a signatory to the Rome Statute, would be required to enforce the arrest warrant. The BRICS countries say they represent around 48.5% of the world's population, 36% of global land area and 24% of global economic output. The countries see themselves as a forum for cooperation between countries of the Global South. The group aims to act as a counterweight to the Group of Seven (G7) of leading Western economic powers. - dpa
The Sun
3 hours ago
- The Sun
AirAsia signs US$12.25 billion deal for 50 A321XLRs with rights for 20 more
PETALING JAYA: AirAsia Bhd, a wholly owned subsidiary of Capital A Bhd, has signed a landmark agreement with Airbus valued at US$12.25 billion (RM51.75 billion) for 50 A321XLRs with rights for 20 more. With the agreement, the airline is taking a major step towards becoming the world's first low-cost narrow-body network carrier, anchored by its multi-hub strategy. The aircraft are scheduled for delivery from 2028 through 2032. Witnessed by Prime Minister Datuk Seri Anwar Ibrahim, the agreement was signed in Paris on Friday between Capital A CEO Tan Sri Tony Fernandes and Airbus Commercial Aircraft CEO Christian Scherer. Fernandes, who is also adviser and steward of AirAsia Group, said: 'We pioneered low-cost travel in Asia – now we are taking it to the next level. AirAsia is on a transformative journey to become the world's first low-cost network carrier. This is about exponential growth, connecting geographies beyond Asean, and making flying even more democratic. 'We gave people in Asean the opportunity to explore Asia – now we want the world to see Asean, and Asean to see the world. The A321XLR and A321LR are the game-changers enabling this vision, and we are proud to lead the charge in making our world smaller. We can't wait to paint the skies even wider in red.' Scherer said: 'We are pleased to confirm this agreement, as AirAsia Group begins its next development chapter. Having resumed its growth trajectory, which we salute and support, the airline is creating solid fleet efficiencies, allowing global network expansion. The A321XLR unlocks new opportunities for AirAsia to launch non-stop flights linking primary and secondary cities all around the globe.' The next-generation A321XLRs will operate alongside AirAsia's all-Airbus fleet of A320 and A330 aircraft, supporting its long-term strategy to deliver connectivity across Asia and beyond, while maintaining a low-cost model through improved route economics, enhanced aircraft utilisation and fleet efficiency. AirAsia Group aims to carry 150 million guests annually by 2030, reaching a cumulative total of 1.5 billion guests since inception. The new fleet plays a pivotal role in this transformation. AirAsia's multi-aircraft strategy enables the airline to match capacity with demand, reduce fuel consumption and support a sustainable, cost-effective growth model in a highly competitive global landscape. The A321XLR offers up to 20% lower fuel burn per seat than the Airbus A321neo aircraft, significantly improving emissions performance and operating efficiency.
