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BusinessToday
2 days ago
- Business
- BusinessToday
Malaysia's Economy Projected To Grow 4.0-4.8% In 2025, BNM Governor
Malaysia's economy is projected to grow between 4.0% and 4.8% in 2025, underpinned by resilient domestic demand, a favourable labour market, and continued progress in investment activity, according to Bank Negara Malaysia (BNM). In its latest assessment, BNM highlighted that despite the shifting global economic landscape—marked by trade uncertainties, tariff developments, and geopolitical tensions—Malaysia is navigating these challenges from a position of strength. The central bank's updated forecast accounts for multiple tariff scenarios, ranging from sustained trade frictions to more optimistic outcomes from ongoing global negotiations. 'The Malaysian economy remains resilient despite global uncertainties,' said BNM Governor Dato' Sri Abdul Rasheed Ghaffour. 'This is, in part, the outcome of structural reforms that we have undertaken over the years. The sustained strength in economic activity and moderate inflation provides a supportive environment to pursue structural reforms for a more resilient and competitive Malaysia in the future.' Domestic demand remains the key growth driver, supported by steady labour market conditions and policy measures that continue to bolster private consumption. Investment activity is expected to gain momentum on the back of multi-year infrastructure projects and the realisation of approved investments, especially those aligned with national development plans. On the external front, BNM noted that favourable trade negotiation outcomes, sustained demand for electrical and electronic (E&E) products, and a robust rebound in tourism could provide additional upside to Malaysia's growth trajectory. Headline inflation for 2025 is expected to remain contained, averaging between 1.5% and 2.3%. This projection reflects a more moderate cost and demand outlook compared to earlier forecasts. The central bank expects limited inflationary pressure from global commodity prices and manageable domestic cost conditions, with minimal disruptions anticipated from local policy changes. The central bank emphasised that this environment—marked by stable prices and robust economic activity—offers the right conditions for Malaysia to advance its structural reform agenda, aimed at building a more competitive and future-ready economy. Related
Associated Press
16-07-2025
- Business
- Associated Press
VCI Global to Acquire Licensed Fund Manager in Malaysia's Labuan Jurisdiction to Launch Regulated Bitcoin Fund
KUALA LUMPUR, Malaysia, July 16, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global' or the 'Company'), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Capital Market Consultancy, today announced it has entered into a definitive agreement to acquire V Capital Fund Management Limited, a fund management company licensed by the Labuan Financial Services Authority (Labuan FSA). The acquisition, made at a nominal consideration, is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals. This strategic acquisition grants VCI Global immediate access to a regulated asset management framework via Labuan, Malaysia's internationally recognized offshore financial hub. Labuan is known for its efficient licensing regime, global investor accessibility, and tax incentives. It has long been a base for cross-border investment operations by major financial institutions, including Citigroup Inc. ('Citibank'), BNP Paribas SA ('BNP Paribas'), DBS Bank Limited ('DBS Bank'), and Malayan Banking Berhad ('Maybank International'). VCI Global will leverage the acquired license to launch the VCIG Bitcoin Fund, a USD-dominated, professionally managed investment vehicle that provides qualified investors with institutional-grade exposure to Bitcoin. The fund is designed to serve high-net-worth individuals, family offices, and institutional investors seeking compliant, secure, and operationally simplified access to digital assets. The move comes as global cryptocurrency markets surpass approximately US$2.6 trillion in total market capitalization, with Bitcoin accounting for approximately US$1.2 trillion, according to Investopedia. Despite rising global institutional interest, many investors in Asia remain underexposed to digital assets due to regulatory hurdles and the lack of trusted investment structures. By establishing its digital assets platform within Labuan's regulatory framework, VCI Global aims to bridge this gap by offering a secure, transparent, and tax-efficient vehicle for Asia-based investors seeking exposure to Bitcoin. 'This acquisition enables VCI Global to operate a fully licensed digital asset fund under a globally respected offshore regime. Bitcoin is increasingly recognized as a strategic reserve asset. Our goal is to provide institutional investors with a secure, regulated, and tax-efficient entry point into the future of digital value,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About V Capital Fund Management Limited V Capital Fund Management Limited is a licensed fund manager regulated under the Labuan Financial Services and Securities Act 2010. The company is authorized to manage private and institutional funds under the oversight of the Labuan Financial Services Authority, offering compliant investment solutions within one of Asia's most established offshore financial jurisdictions. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITED [email protected]
Malaysia Sun
23-06-2025
- Politics
- Malaysia Sun
Washington Guard, Malaysia Armed Forces strengthen ties at Bersama Warrior 2025
KUANTAN, Malaysia - The 11th annual Bersama Warrior exercise began with an opening ceremony June 17, 2025, with keynote addresses from Malaysian Lt. Gen. Dato' Zahani Bin Hj Zainal Abidin and U.S. Army Brig. Gen. Michael Ake. Bersama Warrior is an annual, bilateral joint exercise sponsored by the U.S. Indo-Pacific Command and hosted by the Malaysian Armed Forces. The exercise enhances U.S. and Malaysian defense readiness, improves interoperability and strengthens the Department of Defense National Guard Bureau's State Partnership Program relationship between the Malaysian Armed Forces and the Washington National Guard. "As we sharpen our operational planning, we also strengthen our ability to respond as a unified team to emerging challenges, whether they are humanitarian crises, natural disasters or regional threats to peace and stability," Ake said during his opening statement. With more than 90 U.S. personnel participating, this exercise runs through June 26 and will provide the operational planning and lay the groundwork for next year's exercise. The primary goal of the annual exercise is to provide a venue for exchanging tactics, techniques and procedures for peace support operations, with an emphasis on counterterrorism and humanitarian assistance, while demonstrating the U.S. resolve to support the security interests of allies and partners in the Indo-Pacific. "To us, this is more than just a planning exercise. It's a meaningful platform that grows operational readiness, strengthens our beautiful partnership and cultivates a spirit of mutual respect and cooperation of our armed forces," Zahani said. Since formalizing their partnership in August 2017, the Washington National Guard and the Malaysian Armed Forces have consistently engaged in exercises such as Bersama Warrior. These regular interactions strengthen mutual capabilities, reinforce security cooperation, and foster meaningful connections between their personnel. The Official Website of the National Guard | The National Guard on Facebook | The National Guard on X | State Partnership Program | Source:
Barnama
19-06-2025
- Business
- Barnama
Malaysia's Wide Agro Ventures and Japan's Orec Ink Strategic Pact for High-tech Agro Machinery Hub in Perak
OSAKA, Japan, June 19 (Bernama) -- Wide Agro Ventures Sdn. Bhd., a Malaysian-based company has sealed a strategic partnership with Orec Co. Ltd, a company headquartered in Fukuoka, Japan to establish a new state-of-the-art production facility and distribution centre at Seri Iskandar Industrial Park, Perak, with an initial investment of RM30 million on 18 June 2025. This joint initiative was unveiled through the signing of a Memorandum of Understanding (MoU) at the World Expo 2025 in Osaka. The ceremony, held at the Expo's Business Hall, drew high-level representation from both governments. It was officiated in the presence of Yang Berhormat Dato' Salbiah Mohamed, Perak State Executive Chairman for Women, Family, Social Welfare and Entrepreneur Development (attending on behalf of Yang Amat Berhormat Dato' Seri Saarani Mohamad, Menteri Besar of Perak), along with senior officials including Yang Berbahagia Dato' Dr. Roslan bin Mahmood, Senior Division Secretary of the Ministry of Rural and Regional Development, Mr. Mohamad Hashim Abdul Ghani, CEO of InvestPerak Malaysia and Mr. Gulam Muszairi Gulam Mustakim, MIDA Osaka Director.
Yahoo
03-06-2025
- Business
- Yahoo
VCI Global Issues 2025 Financial Guidance with Strong Growth Outlook
Targets 41% Revenue Growth, 30% Profit Growth, and a Q3 2025 IPO of Its Capital Markets Subsidiary KUALA LUMPUR, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global' or the 'Company'), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced its financial guidance for the fiscal year ending December 31, 2025. For 2025, the Company projects approximately 41% year-over-year revenue growth and 30% year-over-year growth in net profit, fueled by continued expansion across its technology and consulting verticals, alongside the execution of key strategic milestones. As part of its long-term value creation strategy, VCI Global confirmed plans to carve out and list its capital market consulting arm, V Capital Consulting Group Limited ('VCCG'), via an initial public offering (IPO) targeted for the third quarter of 2025. The IPO is intended to increase visibility for the subsidiary, unlock shareholder value, and provide targeted growth capital to scale VCCG's advisory and IPO execution business. The Company's 2025 outlook also reflects contributions from several high-growth initiatives, including the commercialization of its encrypted AI data platform, the launch of GPU-as-a-Service infrastructure, and the expansion of its cross-border fintech and energy-related ventures. 'The VCCG's IPO represents a major milestone in our corporate roadmap and aligns with our broader mission to scale each business line with operational independence and capital access. Combined with rapid traction in our AI and cybersecurity offerings, we are well-positioned to deliver on both financial growth and strategic execution,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. VCI Global remains committed to disciplined execution, innovation-driven growth, and long-term value creation for its shareholders. FY2025 Financial Guidance FY2024 Results FY2025 Financial Guidance Change USD USD % Revenue 27,824,891 39,233,096 41 % Cost of Service 4,948,193 7,422,290 50 % Gross Profit 22,876,698 31,810,806 39 % Operating Expenses (15,433,046 ) (21,712,897 ) 41 % EBIDTA 9,235,725 12,709,247 38 % Net Profit 7,576,827 9,881,076 30 % About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
