SEOUL (Reuters) - Samsung Electronics estimated on Tuesday a 274% jump in third-quarter operating profit but missed analyst estimates, as it struggled to capitalise on strong demand for chips used in artificial intelligence servers.
Dataran Merdeka in Kuala Lumpur is abuzz with Chinese tourists visiting Malaysia for Golden Week , eager to explore the cultural landmarks and experience the vibrant pulse of the city. — GLENN GUAN/The Star
In May this year, China had agreed to extend its visa-free policy for Malaysian tourists until the end of 2025, and the visa-free duration per trip was extended from 15 to 30 days. It was also reported that Alipay transactions by Chinese users in overseas markets increased by over 60% during the first four days of the holiday compared to the same period in 2023, with Malaysia being one of the top destinations.
Wong noted that while Chinese tourists favour islands and nature spots in the East Coast states in the peninsula, Sabah and Langkawi, there is a growing market for urban places in Penang, Kuala Lumpur and Selangor. “Direct flights will attract more Chinese tourists to Malaysia and allow local tour groups to plan more tours to China, creating a win-win situation,” he said.
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