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Indian Express
08-06-2025
- Automotive
- Indian Express
Anti-terrorist vehicle, mounted gun among 9 key tech transferred by DRDO
AN INDIGENOUSLY developed Anti-Terrorist Vehicle and a mounted gun system were among the nine crucial technologies that were transferred to the industry partners on Saturday by the Vehicles Research and Development Establishment (VRDE), an Ahilyanagar based premier facility of the Defence Research and Development Organisation (DRDO). The transfers were part of the government's initiatives to establish a robust defence industrial ecosystem, the Ministry of Defence (MoD) has said. 'In line with the government's vision to establish a robust defence industrial ecosystem with the participation of both public and private sectors, VRDE, a DRDO laboratory located in Ahilyanagar, has taken a major step forward by transferring technologies of nine systems to 10 industries. The licensing agreements were handed over in the presence of Secretary, Department of Defence R&D and Chairman, DRDO Dr Samir V Kamat during an event organised at VRDE on June 7,' said a press statement from the MoD. The technologies transferred include a 'Chemical, Biological, Radiological, Nuclear (CBRN) Recce Vehicle (Tracked) Mk-II' which was transferred to Bharat Electronics Limited. The 'Mounted Gun System' (MGS) transferred to Bharat Forge Limited. The MGS has been designed and developed by adapting the 155mm/52 caliber advanced towed artillery gun system on an 8×8 high mobility vehicle. MGS is capable of operating at desert and high-altitude areas with shoot and scoot capability and has a maximum firing range of 45 kms with high accuracy and consistent firing. The advantage of MGS is that it can be rapidly deployed, matching the mobility of the mechanised forces, destroy the enemy targets and move out before retaliatory fire occurs, DRDO has said. The 'Anti-Terrorist Vehicle – Tracked Version' was handed over to Metaltech Motor Bodies Private Limited. The anti-terrorist vehicle (tracked) has been indigenously developed taking into consideration various aspects like weight and dimensional profile, accommodation of three persons, all round ballistic and blast protection, better firing capability and capability to negotiate small gullies and narrow lanes during operations. The vehicle has been trial evaluated by the users. The 'Full Trailer of 70t Tank Transporter for Main Battle Tank (MBT) Arjun Mk-1A' transferred to four entities, namely BEML Limited, Tata International Vehicle Applications, SDR Auto Private Limited and John Galt International. The 'Expandable Mobile Shelter' was transferred to Bharat Electronics Limited. The 'Vajra-Riot Control Vehicle' was transferred to Tata Advanced Systems Limited. The 'Unit Maintenance Vehicle for MBT Arjun' and 'Unit Repair Vehicle for MBT Arjun' were transferred to BEML Limited. The 'Multi-Purpose Decontamination System' was transferred to Dass Hitachi Limited and the Goma Engineering Private Limited. This system can be deployed for decontamination of vehicles, equipment, personnel and terrain against Biological and Chemical warfare agents. The MoD press statement added, 'VRDE also signed an MoU with COEP Technological University, Pune to jointly work on cutting-edge technologies and emerging areas. Speaking at the occasion, Dr Kamat complimented DRDO and the industry for the exceptional performance of indigenous systems during Operation Sindoor. He also suggested the industry plan for surge capacity. He appreciated the efforts of VRDE in providing high-end technological solutions for land systems and weapon platforms. Director General (Armament and Combat Engineering) Cluster, DRDO Dr Prateek Kishore; Director, VRDE Shri G Ramamohana Rao and other senior scientists were present for the occasion with industry representatives.'
BusinessToday
07-06-2025
- Business
- BusinessToday
Local Yields May Trade Lower On US Optimism
Yields on Malaysian government bonds closed mixed this week, with cautious optimism around global trade and soft US economic data helping to anchor the local fixed-income market. According to Kenanga Research, yields on Malaysian Government Securities (MGS) and Government Investment Issues (GII) moved within a narrow range of -4.2 to +0.9 basis points (bps) across the curve. The benchmark 10-year MGS yield eased 1.6 bps to 3.518% The 10-year GII dipped 0.2 bps to 3.532% Global and Domestic Drivers The slight decline in long-term yields closely followed movements in US Treasuries, which reacted to positive signals in US-China trade negotiations. The improved trade outlook, combined with softer US economic data, has reinforced expectations of an earlier rate cut by the US Federal Reserve. On the domestic front, a modest improvement in Malaysia's Purchasing Managers' Index (PMI) and continued export growth to African markets have supported confidence in local bonds, contributing to the relatively stable yield environment. Outlook: Stable Yields with Eyes on US Inflation Kenanga expects local bond yields to remain stable in the near term, with upcoming economic data — including industrial production, retail sales, and labour market statistics — likely to guide investor sentiment. However, the research house cautioned that any upside surprise in US inflation data could prompt global bond yields to rise, potentially spilling over into the Malaysian market. Additionally, renewed uncertainty in US tariff policy could reintroduce volatility. 'Investors should stay alert to both domestic data and global developments, especially updates on tariff talks,' Kenanga stated. Related
New Straits Times
30-05-2025
- Business
- New Straits Times
Malaysia's headline inflation unchanged at 1.4pc in April: BNM
Bernama KUALA LUMPUR: Malaysia's headline inflation remained unchanged at 1.4 per cent in April 2025, while core inflation edged up to two per cent from 1.9 per cent in March 2025, according to Bank Negara Malaysia (BNM). In its Monthly Highlights for April 2025, the central bank said the rise in core inflation was driven by price increases in core components, including mobile communication services, jewellery and watches, as well as air passenger transport. "These were partially offset by lower inflation for non-core items such as fuels and lubricants, as well as fresh vegetables, amid an easing cost environment," it said. BNM also reported that gross exports grew by 16.4 per cent from 6.8 per cent last month, mainly due to the continued strong expansion of electrical and electronics (E&E) exports, supported by a rebound in non-E&E and commodities exports. "Malaysia imports expanded by 20 per cent (March 2025: -2.9 per cent), amid a sharp growth of capital imports. However, intensified trade tensions are expected to weigh on exports and increase downside risks. "This will be partly cushioned by sustained global demand for E&E and Malaysia's integral role in the global supply chain," said BNM. The central bank noted that credit to the private non-financial sector grew by 5.5 per cent (March 2025: 5.5 per cent), supported by steady growth in outstanding loans (5.5 per cent; March 2025: 5.6 per cent) and higher growth in outstanding corporate bonds (5.5 per cent; March 2025: 5.3 per cent). "Growth in business loans moderated slightly to 4.6 per cent (March 2025: 4.8 per cent), reflecting slower loan growth, particularly in the services sector. "Notwithstanding, demand for business financing remained forthcoming across both small and medium enterprises (SMEs) and non-SMEs. Household loan growth remained steady at six per cent with continued growth across most loan purposes," it noted. BNM highlighted that the global financial conditions became more volatile following tariffs announcement by the United States (US) administration. "Global investor sentiment also turned cautious amid rising concerns over a more subdued US economy and its negative spillovers to the global economy. Amid these developments, the ringgit appreciated by 2.7 per cent against the US dollar. "The FTSE Bursa Malaysia KLCI rose by 1.8 per cent (regional average: 1.1 per cent), while the yield on 10-year Malaysian Government Securities (MGS) declined by 11.0 basis points (regional average: -14.7 bps), in line with movements of global bond yields. "This trend was largely driven by net foreign inflows into the bond market, amid heightened global risk aversion," it noted. Additionally, it said the banking system continued to show healthy liquidity buffers, with an aggregate liquidity coverage ratio of 155.8 per cent (March 2025 to 151.6 per cent). "The aggregate loan-to-fund ratio decreased slightly to 83.3 per cent (March 2025: 83.8 per cent) as the increase in total funds outpaced loan growth," said BNM. Malaysia's gross and net impaired loans ratios remained stable at 1.4 per cent and 0.9 per cent, respectively. "The loan loss coverage ratio (including regulatory reserves) remained prudent at 131.0 per cent of gross impaired loans, compared to 131.3 per cent in the previous month," it added.
The Sun
30-05-2025
- Business
- The Sun
Malaysia's headline inflation unchanged at 1.4% in April
KUALA LUMPUR: Malaysia's headline inflation remained unchanged at 1.4 per cent in April 2025, while core inflation edged up to two per cent from 1.9 per cent in March 2025, according to Bank Negara Malaysia (BNM). In its Monthly Highlights for April 2025, the central bank said the rise in core inflation was driven by price increases in core components, including mobile communication services, jewellery and watches, as well as air passenger transport. 'These were partially offset by lower inflation for non-core items such as fuels and lubricants, as well as fresh vegetables, amid an easing cost environment,' it said. BNM also reported that gross exports grew by 16.4 per cent from 6.8 per cent last month, mainly due to the continued strong expansion of electrical and electronics (E&E) exports, supported by a rebound in non-E&E and commodities exports. 'Malaysia imports expanded by 20 per cent (March 2025: -2.9 per cent), amid a sharp growth of capital imports. However, intensified trade tensions are expected to weigh on exports and increase downside risks. 'This will be partly cushioned by sustained global demand for E&E and Malaysia's integral role in the global supply chain,' said BNM. The central bank noted that credit to the private non-financial sector grew by 5.5 per cent (March 2025: 5.5 per cent), supported by steady growth in outstanding loans (5.5 per cent; March 2025: 5.6 per cent) and higher growth in outstanding corporate bonds (5.5 per cent; March 2025: 5.3 per cent). 'Growth in business loans moderated slightly to 4.6 per cent (March 2025: 4.8 per cent), reflecting slower loan growth, particularly in the services sector. 'Notwithstanding, demand for business financing remained forthcoming across both small and medium enterprises (SMEs) and non-SMEs. Household loan growth remained steady at six per cent with continued growth across most loan purposes,' it noted. BNM highlighted that the global financial conditions became more volatile following tariffs announcement by the United States (US) administration. 'Global investor sentiment also turned cautious amid rising concerns over a more subdued US economy and its negative spillovers to the global economy. Amid these developments, the ringgit appreciated by 2.7 per cent against the US dollar. 'The FTSE Bursa Malaysia KLCI rose by 1.8 per cent (regional average: 1.1 per cent), while the yield on 10-year Malaysian Government Securities (MGS) declined by 11.0 basis points (regional average: -14.7 bps), in line with movements of global bond yields. 'This trend was largely driven by net foreign inflows into the bond market, amid heightened global risk aversion,' it noted. Additionally, it said the banking system continued to show healthy liquidity buffers, with an aggregate liquidity coverage ratio of 155.8 per cent (March 2025 to 151.6 per cent). 'The aggregate loan-to-fund ratio decreased slightly to 83.3 per cent (March 2025: 83.8 per cent) as the increase in total funds outpaced loan growth,' said BNM. Malaysia's gross and net impaired loans ratios remained stable at 1.4 per cent and 0.9 per cent, respectively. 'The loan loss coverage ratio (including regulatory reserves) remained prudent at 131.0 per cent of gross impaired loans, compared to 131.3 per cent in the previous month,' it added.
The Star
30-05-2025
- Business
- The Star
Bank Negara: Malaysia's headline inflation unchanged at 1.4% in April
Shoppers buying vegetables at a wet market in the Klang Valley. — FAIHAN GHANI/The Star KUALA LUMPUR: Malaysia's headline inflation remained unchanged at 1.4 per cent in April 2025, while core inflation edged up to two per cent from 1.9 per cent in March 2025, according to Bank Negara Malaysia (BNM). In its Monthly Highlights for April 2025, the central bank said the rise in core inflation was driven by price increases in core components, including mobile communication services, jewellery and watches, as well as air passenger transport. "These were partially offset by lower inflation for non-core items such as fuels and lubricants, as well as fresh vegetables, amid an easing cost environment,' it said. BNM also reported that gross exports grew by 16.4 per cent from 6.8 per cent last month, mainly due to the continued strong expansion of electrical and electronics (E&E) exports, supported by a rebound in non-E&E and commodities exports. "Malaysia imports expanded by 20 per cent (March 2025: -2.9 per cent), amid a sharp growth of capital imports. However, intensified trade tensions are expected to weigh on exports and increase downside risks. "This will be partly cushioned by sustained global demand for E&E and Malaysia's integral role in the global supply chain,' said BNM. The central bank noted that credit to the private non-financial sector grew by 5.5 per cent (March 2025: 5.5 per cent), supported by steady growth in outstanding loans (5.5 per cent; March 2025: 5.6 per cent) and higher growth in outstanding corporate bonds (5.5 per cent; March 2025: 5.3 per cent). "Growth in business loans moderated slightly to 4.6 per cent (March 2025: 4.8 per cent), reflecting slower loan growth, particularly in the services sector. "Notwithstanding, demand for business financing remained forthcoming across both small and medium enterprises (SMEs) and non-SMEs. Household loan growth remained steady at six per cent with continued growth across most loan purposes,' it noted. BNM highlighted that the global financial conditions became more volatile following tariffs announcement by the United States (US) administration. "Global investor sentiment also turned cautious amid rising concerns over a more subdued US economy and its negative spillovers to the global economy. Amid these developments, the ringgit appreciated by 2.7 per cent against the US dollar. "The FTSE Bursa Malaysia KLCI rose by 1.8 per cent (regional average: 1.1 per cent), while the yield on 10-year Malaysian Government Securities (MGS) declined by 11.0 basis points (regional average: -14.7 bps), in line with movements of global bond yields. "This trend was largely driven by net foreign inflows into the bond market, amid heightened global risk aversion,' it noted. Additionally, it said the banking system continued to show healthy liquidity buffers, with an aggregate liquidity coverage ratio of 155.8 per cent (March 2025 to 151.6 per cent). "The aggregate loan-to-fund ratio decreased slightly to 83.3 per cent (March 2025: 83.8 per cent) as the increase in total funds outpaced loan growth,' said BNM. Malaysia's gross and net impaired loans ratios remained stable at 1.4 per cent and 0.9 per cent, respectively. "The loan loss coverage ratio (including regulatory reserves) remained prudent at 131.0 per cent of gross impaired loans, compared to 131.3 per cent in the previous month,' it added. - Bernama
