SINGAPORE - To gain voters' confidence ahead of Malaysia's next election, the Umno-led government should put in place plans to address cost of living issues, including how to better channel subsidy payments estimated to reach RM71 billion (S$22 billion) this year, says the party's information chief, Shahril Hamdan. Read more at straitstimes.com.
Intel Corp is to spend US$7.1 billion building a new chip packaging facility in Malaysia, a major Asian investment intended to address an endemic global semiconductor shortage at a time when Washington is advocating domestic production.
The US chipmaker intends to invest 30 billion ringgit (US$7.1 billion) shoring up its advanced chip packaging capabilities in Penang state, Malaysia’s main investment promotion agency said in a statement on Monday.
The company plans to elaborate on its plans for the Asian nation at a news conference tomorrow in conjunction with Malaysian Minister of International Trade and Industry Azmin Ali and Malaysian Investment Development Authority