DSOM Says This Is the First Positive Year-on-year Growth for 2021 The March retail sales in Malaysia were up by 9.3%, taking the total to RM112.8 billion. According to the Department of Statistics Malaysia (DSOM), this is the first positive year-on-year growth for 2021. Two sectors were largely responsible for the increase. This was the…
Grants Now Available for SME Digital Transformation in Malaysia Funding Identified Under MIA’s Digital Technology Blueprint Operation Plan To ensure Digital Transformation in Malaysia, more grants have been made available under the Malaysia Institute of Accountants (MIA)’s Digital Technology Blueprint Operation Plan. MIA’s Digital Adoption Plan MIA’s Principle 4 of its Digital Technology Blueprint…
Ministry Encourages Farming Community to Make Use of Latest Technology Malaysia’s Agriculture Ministry is encouraging the local farming community to make use of the latest technology to sell their farming products online. The Agriculture and Food Industries (Mafi) Ministry is urging the farming community to adopt technology like e-commerce platforms. E-commerce platforms would help farmers…
New Guidelines in Place by MARTRADE to Boost Market Capabilities New guidelines have been launched to enhance Malaysia’s services exports by the Malaysia External Trade Development Corporation (MARTRADE). These guidelines are applicable to the Services Export Fund (SEF). The SEF aims to enhance Malaysia’s capabilities to gain market access for overseas projects. The new guidelines…
Future-proofing Businesses With Automation Support Automation for businesses has been around for quite some time. The uptake for automation and digitalisation has been reserved for large manufacturers that require long-term efficiency and productivity. However, many small and medium enterprises are beginning to understand and notice the advantages of automation in their business operations. But for…
Youth Entrepreneurs in Kuala Lumpur and Putrajaya to Benefit From This Initiative Malaysia’s Federal Territories Ministry is creating even more business opportunities in Malaysia. An Initiative for the Youth Within the next two years, the Ministry aims to provide youth entrepreneurs in Kuala Lumpur (KL) and Putrajaya with 2,000 business lots. This initiative falls…
CMCO Now Extended to All but the Three States in Malaysia As the third wave of Covid-19 hits Malaysia, the government, with the Health Ministry’s advice, implements conditional movement control order (CMCO) in Malaysia for all states except Perlis, Kelantan, and Pahang. The implementation of CMCO was at targeted areas in Sabah right after the…
MIDA Accelerates Digital Transformation as Part of Industry 4.0 Initiatives Dynamic re-engineered delivery systems are the key to digital transformation in business for investors. The Malaysian Government is adapting to the new normal by embracing digital transformation in business. The Government is focused on prioritizing faster and efficient digitalization of its delivery services. The Malaysian…