Ariel Antonio

Telekom Malaysia and ZTE Corporation have partnered to develop a hybrid cloud 5G core network, focusing on cutting-edge technologies like software-defined networking, hardware acceleration, and three-layer decoupling. This strategic collaboration aims to enhance Malaysia's 5G ecosystem and transform data processing capabilities.

The Malaysian Palm Oil Board reported a 6.56% decrease in palm oil stockpiles to 2.11 million tonnes in February 2023. Crude palm oil stocks fell 7.69% to 1.16 million tonnes, while production declined 9.35% to 1.25 million tonnes. Oleo-chemical exports increased 8.13% to 228,088 tonnes.

Datuk Liew Chee Ming highlights potential for Chinese investors to support Malaysia's low-carbon development, particularly in high-tech industries like electric vehicle manufacturing, following China's economic recovery.

Malaysia's palm oil stocks climbed 14.5% to 2.03 million tonnes in end-August, the highest in over two years. Production rose 8% to 1.7 million tonnes, driven by favorable rainfall and soil conditions. Experts predict September's production growth may slow down as crop yields stabilize.

Telecommunications giants Axiata Group and Telenor Asia have completed a landmark merger of their Malaysian wireless operations, creating a new tech leader. The combined entity, MergeCo, promises significant synergies, with pre-tax profits of 5.7 billion ringgit and strong financial prospects. Both parent companies will hold equal 33.1% stakes in the newly formed company.

AI is revolutionizing how banks combat financial crimes like money laundering. Advanced computer systems can flag suspicious transactions, helping prevent large-scale illegal transfers and protecting financial institutions from potential monetary losses.

Austrian Raiffeisen Bank and Danish Danske Bank face serious money laundering accusations, with approximately $230 billion potentially involved in illegal financial transactions from former Soviet states through their banking networks.