Malaysia’s Economic Growth on A Firm Footing Bank Negara Malaysia believes that Malaysia’s economic growth is on a firm footing, anticipating possibly two or three OPR hikes by year-end. Predictions by economists are that by the second half of this year, the overnight policy rate (OPR) is expected to go up by two 25 basis…
Growing Ecosystems to Attract Investments Remains Aim of Malaysian Government and Its Agencies Creating and growing ecosystems to attract investments are crucial to national growth. The National Fourth Industrial Revolution (4IR) Policy – the latest strategy from the Malaysian Government – is set to drive digitalization. In line with this plan, the Prime Minister’s Department…
Single-origin Premium Quality Cocoa Beans to Be Synonymous With Malaysian Production Malaysia is seeking prominence as a producer of single-origin premium quality cocoa beans. The Malaysian Ministry of Plantation Industries and Commodities (MPIC) is implementing pivotal strategies to boost cocoa bean production. The aim is to position Malaysia as a top producer of single-origin premium…
RM80.6 Billion Approved: Investment, and It’s Rise in Malaysia 2021 Investment is all about putting your money in the right place and time for maximum results. This undoubtedly requires keen attention to the development of the global economic climate. One may also need to have the ability to predict if a particular investment will pan…
Malaysia Pegged to Maintain Position as One of the Top E-commerce Markets in ASEAN Accelerated e-commerce growth to bring in gross merchandise value of US$30 billion by 2025. Acknowledged as one of the top e-commerce markets in ASEAN, Malaysia is riding high on market sentiment and expectation. Indeed, there has never been a better time…
Manufacturing Predicted to Boost the Country’s Economic Growth Malaysia expects to see stronger industrial output growth within the second half of this year. The growth is expected to come from the support of the manufacturing sector. The manufacturing sector is expected to grow due to the restart of the country’s economic activities. The outlook is…
The Central Bank Has Sufficient Reserves as of February 2021 As of 15 February 2021, the Bank Negara Malaysia international reserves have gone up to US$109.7 billion from their previous US$107.8 billion in January 2021. With the new total, the central bank has enough reserves to finance 8.6 months’ worth of retained imports. It also…
Cybersecurity Test Lab a Joint Effort Venture Malaysia will launch Southeast Asia’s first 5G Cybersecurity Test Lab that will cover a testbed 5G ecosystem that is comprehensive. It will be a model for end-to-end cybersecurity. Southeast Asia’s first 5G Cybersecurity Test Lab is a joint venture between CyberSecurity Malaysia (CSM), Celcom Axiata Bhd and Huawei…