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The Star
3 hours ago
- Business
- The Star
Miti supports young entrepreneus through DEFA, Asean SME Academy, says Tengku Zafrul
KUALA LUMPUR: The Investment, Trade and Industry Minister is actively creating more space for young entrepreneurs to thrive, in line with Malaysia's role as Asean chair, says its Minister Tengku Datuk Seri Zafrul Abdul Aziz. infographic He said that through initiatives such as the Asean SME Academy and the Digital Economy Framework Agreement (DEFA), the ministry is breaking down barriers so that these entrepreneurs can start, scale, and connect their ventures beyond borders. "DEFA, the world's first regional digital economy treaty, is projected to grow Asean's digital economy to over US$2 trillion by 2030 and generate millions of jobs. These are not just statistics; they are doorways to your future," he said in his closing keynote address at the Nusantara Youth Forum 2025 held in Putrajaya Saturday (June 28). Tengku Zafrul said that as Malaysia opens doors for young entrepreneurs and innovators, it is important to mention how Malaysia's own long-term strategies align with these regional ambitions. "Through the New Industrial Master Plan 2030 (NIMP 2030), Malaysia is transforming our industrial landscape by focusing on high value-added sectors, advanced manufacturing, and future-oriented skills. "NIMP's core mission is to create quality jobs and ensure our industries - especially in electrical and electronics (and) green tech - remain globally competitive, resilient, and sustainable," he said. According to the minister, national frameworks such as NIMP are not just about Malaysia's progress. "They also complement Asean initiatives like DEFA and the Asean SME Academy, creating a seamless ecosystem that supports youth, from upskilling and financing to market access, so you can truly take your ideas from the region to the world," he said. Tengku Zafrul also gave recognition to arts and culture, saying that too often, the creative sector is wrongly treated as secondary to the "main economy". "The truth is, culture and creativity are economic engines, identity builders and bridges between nations," he said, adding that Asean's creative industries, from music to film, are gaining global attention. The Minister said he cannot overstate the importance of entrepreneurship in driving both economic progress and social transformation. "Today, the most exciting businesses in Malaysia, and indeed throughout Asean, are being founded, led, and grown by youths. "Whether you are developing tech solutions, running sustainable farms, designing innovative products, or launching platforms for social impact, you show the world what is possible when ambition is united with purpose," he added. - Bernama
Yahoo
3 hours ago
- Business
- Yahoo
BeOne Medicines price target raised to $330 from $313 at Morgan Stanley
Morgan Stanley raised the firm's price target on BeOne Medicines (ONC) to $330 from $313 and keeps an Overweight rating on the shares following the R&D day that highlighted the company's pipeline programs. Management is targeting a 2026 approval for Sonrotoclax and 2027 approval for BGB16673, notes the analyst, who contends that Street estimates for BGB-16673 and Sonrotoclax are 'too conservative.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ONC: Disclaimer & DisclosureReport an Issue BeOne Medicines price target raised to $321 from $317 at JPMorgan BeiGene's Robust Oncology Pipeline and Strategic Developments Justify Buy Rating with $300 Price Target Beigene's Promising Phase 1 Study on BGB-21447 for Metastatic Breast Cancer BeiGene's Zanubrutinib Study: A Potential Game-Changer for B-Cell Lymphoma Treatment Beigene's Zanubrutinib Study: A Potential Game-Changer in Nephropathy Treatment? Sign in to access your portfolio
New Straits Times
9 hours ago
- Business
- New Straits Times
Malaysia targets 'low-risk' EU status to tackle deforestation rule
KUALA LUMPUR: Malaysia's newly established special committee on the European Union Deforestation Regulation (EUDR) is examining how countries like Thailand attained a low-risk classification. This status allows them to export forest-based products to the EU with fewer restrictions. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said the committee includes his ministry, the Natural Resources and Environmental Sustainability Ministry, and the Investment, Trade and Industry Ministry. It will coordinate efforts to help Malaysia secure low-risk status for forest-based product exports. "The first step is to review and understand why Malaysia is categorised as standard risk, while countries like Thailand have achieved a low-risk status. "We need to identify the differences and work on improving them. Eventually, we too will attain a low-risk classification. "At present, 30 per cent of our exports are subject to sampling and inspection. "To facilitate exports, we must upgrade from standard risk to low-risk. "Once we achieve low-risk status, our products will enter international markets more easily." He said this after attending the Titiwangsa Umno delegates' meeting. Johari, who chairs the committee, said that to attain low-risk status, Malaysia must align its forest governance, certification systems and monitoring practices with international standards. He added that cooperation from state governments will be crucial, given their role in forest land management. Asked when Malaysia might achieve low-risk status, Johari said: "If possible, as soon as possible, but we need to do it right." "Some areas may have exceeded deforestation thresholds, so they will need to be reviewed carefully." On June 26, the government formed a special committee to spearhead Malaysia's response to EUDR, aiming to maintain EU market access and strengthen sustainability compliance across key export sectors. It held its first meeting in Putrajaya on June 26, bringing together officials and technical experts to align national policies, implementation strategies and data systems with EUDR requirements. The committee will also serve as the central platform for Malaysia's engagement with the European Commission, including the submission of official datasets, policy updates, and participation in technical exchanges. This whole-of-government effort underscores Malaysia's commitment to sustainability across key commodities — including palm oil, rubber, timber and cocoa — which collectively generated RM186 billion in export value last year.
Yahoo
9 hours ago
- Business
- Yahoo
Allianz's Zeng on Fed Rate, De-Dollarization
Jenny Zeng, Allianz Global Investors Deputy Head of Fixed Income & APAC Fixed Income CIO, speaks on Bloomberg TV about the Fed rate and the trend of de-dollarization. Error 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
Yahoo
17 hours ago
- Business
- Yahoo
There Are Reasons To Feel Uneasy About Champion Iron's (ASX:CIA) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Although, when we looked at Champion Iron (ASX:CIA), it didn't seem to tick all of these boxes. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Champion Iron: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = CA$321m ÷ (CA$3.0b - CA$359m) (Based on the trailing twelve months to March 2025). Therefore, Champion Iron has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 8.2% it's much better. Check out our latest analysis for Champion Iron In the above chart we have measured Champion Iron's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Champion Iron . On the surface, the trend of ROCE at Champion Iron doesn't inspire confidence. Over the last five years, returns on capital have decreased to 12% from 42% five years ago. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line. In summary, Champion Iron is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. Although the market must be expecting these trends to improve because the stock has gained 78% over the last five years. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward. If you want to know some of the risks facing Champion Iron we've found 4 warning signs (1 shouldn't be ignored!) that you should be aware of before investing here. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error 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
