Feelings of Optimism as Malaysia’s Economy Grows 5.6% Above Forecast Malaysia’s economy grows 5.6% above forecast in the first quarter of this year, thanks to expansions in private consumption and investments. Economists had predicted a 4.8% growth for annual gross domestic product from January to March. The robust domestic demand will continue to drive Economic…
Global Trust Index Reveals High Confidence in Malaysia Edelman released its annual Global Trust Index and Malaysia is still in the top 10. Over 28 countries were surveyed and Malaysia’s trust score dropped by 3 points, averaging at 62 points. This puts the country in the 9th spot out of 10 on the Global Trust Index.…
Singapore and Malaysia Expanding Cross-Border Financial Integration With QR Code Payment Linkage The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between Singapore and Malaysia. This innovative system allows customers of participating financial institutions to conveniently make retail payments by scanning NETS QR and DuitNow…
Digital Content Grant Announced to Boost Quality Content Creation in Malaysia For a multicultural country like Malaysia, it is crucial to consistently maintain its historical and rich heritage roots for future generations. As time passes, each generation will favour a specific method of content consumption. Thus, with the digital content grant announced, Malaysia aspires for…
RM28 Billion Target by 2025 for Malaysia’s Timber Exports Malaysia’s timber exports drive the timber industry’s growth The timber industry remains a vital sector of Malaysia’s economy and is essential in sustaining its development. Malaysia is actively planning to enhance its timber industry as part of the National Timber Industry Strategic Plan 2021-2025. The overall…
Plantation Industry to Become More Sustainable in Malaysia When questioned about her plans for the plantation industry, Datuk Zuraida Kamaruddin, the Plantation Industries, and Commodities Minister, said there are a few plans in motion. According to her, the automation and mechanisation of the said industry are already on their way to becoming more environment-friendly and…
Malaysia’s Economic Growth Forecast Stays at 5.5% by World Bank 5.5% will remain Malaysia’s economic growth forecast for 2022, according to the World Bank. This is thanks to the strong rebound where consumer demand is concerned. Private consumption growth for Malaysia’s economic growth is predicted to hit 8.5% in 2022. This is the fastest pace…
New Minimum Wage in Malaysia Come 1 May The Malaysian Government will implement a new minimum monthly wage standard in Malaysia. This will commence from 1 May despite the situation. The new minimum wage will be set at Rm1,500. However, some employment sectors will get some leeway to defer the implementation. This includes companies that…