Alibaba Launches Tmall Retail Site

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Alibaba launches Tmall retail site Chinese e-commerce giant Alibaba Group Holding Ltd is now targeting the sizeable 500 million population from South-East Asia, namely, Singapore, Malaysia, Hong Kong and Taiwan With product offerings, promotions and logistics, these countries are experiencing rapid growth in terms of new users. Following the launch of the new service, Tmall…

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Malaysia to Impose Tourism Tax from July

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Malaysia to Impose Tourism Tax from July Malaysia will begin imposing tourism tax from July onward and not in August as planned earlier. According to Malaysian Tourism and Culture Minister Mohamed Nazri Abdul Aziz the money collected would be used to promote Malaysia overseas and refurbish tourism facilities. “The tax is necessary as the ministry…

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Grow Local Businesses by Listing on Bursa Malaysia

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Grow Local Businesses by Listing on Bursa Malaysia KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) recently organised a forum themed “Grow Your Business, List on Bursa” in conjunction with its 50th anniversary. The half day forum, at the MIDA headquarters here, was held in collaboration with Bursa Malaysia Berhad and focused on listing opportunities…

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Digital Free Trade Zone

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Digital Free Trade Zone KUALA LUMPUR: The world’s first Digital Free Trade Zone outside China was launched in Malaysia recently – aimed at doubling the nation’s e-commerce growth and increase the Gross Domestic Product (GDP) contribution to RM211 billion by 2020. Estimated to create more than 60,000 job opportunities by 2025, it is able to…

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