Bursa Malaysia Expects Higher Growth in 2020 The Chief Executive Officer for Malaysia’s Stock Exchange, Bursa Malaysia, is expecting 40 new listings to be added next year. The listings include not just larger companies, but also small to medium-sized businesses. The inclusion of small to medium-sized businesses is made possible due to incentives such as…
Data Protection Laws Changes to Occur in Malaysia A recent cybersecurity leak involving a pay portal at the Universiti Malaysia Sabah has prompted the government to put out a call for stronger data protection laws. The security leak happened through the UMS e-pay portal, compromising thousands of students and their private information. This is the…
Plans in the Works by Malaysian Government to Create New Economic Corridor A new economic corridor development will be put forth to the Economic Action Council (EAC), announced Malaysia’s Economic Affairs Minister. The proposal for the new economic corridor is being deliberated by the Ministry of Economic Affairs before it reaches the EAC. It is…
Malaysia’s Incentive Hub Headquarters (Principal Hub Incentive 2.0) Is Better Than Ever Malaysia’s government has announced the launch of the Principal Hub Incentive 2.0, a new and improved version of its predecessor. Previously known as Principal Hub Incentive, the initiative was first introduced back in 2015. It allowed any company with existing operations in Malaysia…
Business Interest in Malaysia Still Going Strong Despite Global Economic Challenges Foreign Investments Increase Despite Economic Challenges Business interest in Malaysia continues to climb steadily despite the global economic challenges and competitive landscape. Approved investments in the first half of 2019 (1H2019) stemmed from manufacturing, primary sectors and the services sector. Growth in the…
Strong Q2 GDP for Malaysia Despite Cloudy Trade Risks Outlook Malaysia Recorded a Strong Gross Domestic Product (GDP) Growth in Q2 This Year Malaysia’s Q2 GDP grew faster than expected between April to June this year. This makes it the first Southeast Asian country to record accelerated growth. Spurred mainly by palm oil production…
Malaysia Continues to Remain an Optimistic Investment Destination Among Investors The outlook for Malaysia’s economy is still looking good, despite recent uncertainties surrounding the global economy and recent issues related to the US-China trade talks. Despite the challenges, Malaysia’s economy experienced a growth in Q1 of 2019, with a 127% rise in approved investments. The…
Improved Exports Helps Malaysia’s Economy Gather Momentum in Q4 Malaysia’s economy grew at a much faster rate during the final quarter of last year. Its resilient exports were largely responsible for helping to promote growth despite the global slowdown from the US-China trade war. The country’s central bank – Bank Negara Malaysia- is expecting the…
Malaysia Leapfrogs from 24th to 15th spot in World Bank Doing Business 2019 Report According to the recently released World Bank Doing Business 2019 Report, Malaysia advanced nine places to 15th spot among 190 economies worldwide. Last year the report had ranked Malaysia at 24. On the list of top five countries, New Zealand championed…
DuitNow Money Transfer Service to Launch in December in Malaysia Malaysia’s Payments Network Malaysia Sdn Bhd (PayNet) is set to launch the DuitNow money transfer service this December. This will allow customers to transfer money securely and immediately using just the recipient’s mobile number. As of now, 40 local and foreign banks are expected to…