Malaysia achieves significant improvement in global competitiveness, says WCR report

Malaysia’s advancement from 34th place last year highlights the country’s robust economic recovery and ongoing reform initiatives, as noted by Miti. KUALA LUMPUR: Malaysia has climbed 11 positions in the 2025 World Competitiveness Ranking (WCR), securing the 23rd spot out of 69 economies—its highest placement since 2020. The WCR, released each year by the Institute…

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US stocks rebound as investors brush off Middle East tensions

NEW YORK: US stocks ended higher on Monday, recovering from Friday’s sharp losses as investors’ concerns over ongoing hostilities between Israel and Iran eased somehow, Xinhua reported. Escalation of conflicts between Iran and Israel had briefly rattled markets — oil prices surged, the Cboe Volatility Index (VIX) spiked, and gold prices rose as investors sought…

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Southwest adds ‘powerful’ cockpit alert system to detect runway danger

Southwest Airlines is in the process of outfitting all of its Boeing 737 planes with new technology aimed to improve safety on runways. SmartRunway and SmartLanding via the Honeywell Enhanced Ground Proximity Warning System have already been activated on more than 700 Southwest aircraft, the Honeywell Aerospace Technologies announced.  “SmartRunway and SmartLanding helps increase flight…

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Petronas, TotalEnergies ink deals to expand upstream partnerships

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and TotalEnergies SE have signed a strategic cooperation agreement (SCA) and two farm-out agreements (FOAs) to expand their upstream collaboration in Malaysia. The two companies are also advancing their international partnership under the Bobara Production Sharing Contract (PSC) in Indonesia. In a statement today, it said the SCA outlined…

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TNB earmarks RM43 bln to upgrade national grid with AI, battery storage systems – PM Anwar

KUALA LUMPUR: National utility company Tenaga Nasional Bhd has committed RM43 billion to upgrade the national grid infrastructure, said Prime Minister Datuk Seri Anwar Ibrahim. He said that the upgrade will incorporate artificial intelligence and battery energy storage systems to build greater resilience and flexibility for the future. “We must invest in improving efficiency and…

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