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PETALING JAYA: Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly RM370 billion (US$90 bi. ....
M’sian tycoons on Forbes see fortunes bounce back 03 Jun 2021 / 23:45 H. Top 5 richest in Malaysia: (from left) Robert Kuok, Tan Sri Quek Leng Chan, Tan Sri Koon Poh Keong, Tan Sri Ananda Krishnan and Tan Sri Teh Hong Piow. PETALING JAYA: Following a two-year decline, tycoons on the 2021 Forbes Malaysia Rich List saw a 14% rebound to nearly US$90 billion (RM371.05 billion) on their collective wealth this year from US$79 billion registered in 2020. This reversal of fortune is partly attributed to the country’s leading position in the medical glove manufacturing sector. With the pandemic year, global demand for such protective gear surged, Malaysian exports of rubber gloves doubled, boosting the wealth of the nation’s largest producers. ....
A threefold jump in the market cap of Penang-based engineering services firm UWC to $1.6 billion in the past year has put cofounders Ng Chai Eng and Lau Chee Kheong on the list for the first time. ....
ViTrox, a maker of high-precision machine inspection systems based in Penang, has been experiencing robust demand from various sectors, especially in 5G, EV, computing and AI. ....