Robust aluminum prices, driven by demand from hot sectors such as EVs and AI data centers, gave a 73% boost to shares of Press Metal Aluminium Holdings.
An economy that expanded 5.2% in 2025, an appreciating ringgit and a buoyant IPO market that had a total of 60 new listings last year created momentum that bolstered the collective wealth of Malaysia's tycoons nearly 30% to $116 billion.
The May 2025 listing of discount store chain Eco-Shop Marketing catapulted cofounder Lee Kar Whatt into the ranks of the country's richest, where he debuts at No. 18 with a net worth of $1.5 billion.
At least 250 people were missing after a boat capsized in the Andaman Sea recently on the way to Malaysia, according to the U.N. refugee and migration agencies.
The nonbinding pact covers joint degrees, language training and test centers, part of Ruanyun's plan to get about 60% of revenue from global markets by 2027.