Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
PBOC Scraps FX Risk Reserves to Curb Rapid Yuan Appreciation 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Australia Targets AI Platforms With Strict Age Verification Rules 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
Japan Manufacturing PMI Jumps to Four-Year High as Global Demand Strengthens 
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
U.S. Stock Futures Fall as Nvidia Drops Despite Strong Earnings; Netflix Jumps 9% 
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute 
Wall Street Futures Tumble as U.S.-Iran Conflict Escalates and Oil Prices Surge 
Asian Stocks Rise on Nvidia Earnings Boost; Yen Weakens as BOJ Rate Outlook Clouds 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
FedEx Faces Class Action Lawsuit Over Tariff Refunds After Supreme Court Ruling 
Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors 
Australia Housing Market Hits Record High Despite RBA Rate Hike 
Paris Baguette's parent company, the SPC Group, has signed a joint venture deal with Malaysia's Berjaya Food. As part of the agreement, they will be building a production plant in Malaysia and target the halal market, which is apparently booming.
Paris Baguette Singapore and Paris Croissant, which are wholly owned by the brand's Singaporean unit, have established the JV called the Berjaya Paris Baguette. As per the Korea Joongang Daily, Berjaya Food also operates other major brands, including Starbucks and Jollibean and the company is based in Kuala Lumpur.
Paris Baguette Singapore will be putting in KRW40 billion or around $31 million as an investment for the construction of the food manufacturing plant in the country's Nusajaya Tech Park. The site is located in Malaysia's city of Johor Bahru.
Moreover, the industrial park is close to the Port of Tanjung, which makes it an ideal place for the factory. This is because shipments to nearby Southeast Asian and Middle Eastern countries will be easier and faster.
It was reported that high-ranking officials of Paris Croissant's SPC Group continue to meet with the government officials, including Malaysia's minister of international trade and industry, YB Dato' Seri Mohamed Azmin Ali, to talk about other possible investments. The parties started the meetings last year.
In any case, the new facility is set to be erected on a 16,500 square meter or around 177,600 square foot lot, and it is expected to be completed by June 2023. Once in full operation, the companies will be manufacturing 100 types of cakes, pastries, and sauces here. The plan is to acquire halal certification to take its share in the huge halal market.
Malaysia is also set to have its very first Paris Baguette store in Kuala Lumpur following the JV deal. The bakery outlet is set to be launched by the end of this year.
"We plan to tap into the global halal food market, worth 2,500 trillion won, by building a halal production plant in Malaysia," Pulse News quoted Paris Croissant's president, Hur Jin Soo, as saying in a statement. "We will continue to make big investments and expand our global business."
