Recovering Economy in Malaysia

Recovering Economy in Malaysia

Malaysia’s Economy Shows Positive Signs as More People Resume Work Malaysia’s economy is headed towards a brighter direction after it reopened and saw almost 70% of the workforce recommencing work. Things are surely looking up for Malaysians as 12.7 million employees have returned to their line of businesses, as of 2 June 2020. According to…

Moratorium and Targeted Bank Assistance

Moratorium and Targeted Bank Assistance

Moratorium and Targeted Bank Assistance Announcement in Malaysia On 29 July 2020, Malaysia’s Prime Minister announced the advanced moratorium and targeted bank assistance. Specifically, the loan repayment moratorium was introduced to reduce the financial burden of the people. It was also implemented to address the cash flow challenges faced by businesses, especially in the early…

3 Economic Sectors in Malaysia Are Looking Positive for a Recovery

3 Economic Sectors in Malaysia Are Looking Positive for a Recovery

Adversely Affected Economic Sectors Show Signs of Recovery Malaysia’s three main economic sectors which were severely affected by COVID-19 pandemic shows definite signs of recovery. The country is optimistic that these sectors mainly – Agriculture, Construction, and Manufacturing, will gradually recover. The resumption of government projects has allowed many construction companies in the private sector…

Malaysia’s Approved Investments Record RM37.4 Billion in 1Q 2020

Malaysia’s Approved Investments Record RM37.4 Billion in 1Q 2020

Mida Records Malaysia’s Approved Investments That Worth RM37.4 Billion in the First Three Months of 2020 According to the Malaysian Investment Development Authority (MIDA), Malaysia’s approved investments recorded a whopping RM37.4 billion in the first three months of 2020. The approved investments were contributed by the manufacturing, service and the primary sector, totalling up to…

Invest Malaysia 2020, Moving Towards An Improved Malaysia

Invest Malaysia 2020, Moving Towards An Improved Malaysia

Malaysia Government Supports Private Sector with RM20 billion Funding The government has approved a total of RM14.2 billion of 320 Facilitations Fund projects, which has generated approximately RM230 billion worth of economic activities. This fund under the Public-Private Partnership (PPP) approach, had been the stimulant for broader sector reforms and increased private sector participation in…

The Latest Buzzword: Travel Bubble

The Latest Buzzword: Travel Bubble

Understanding the Latest Buzzword: Travel Bubble Travel bubble, travel corridor, corona corridor are the latest positive buzzwords during this troubling time of the pandemic. But what are they, and why should we be excited about it?   What is a Travel Bubble? More and more countries are adopting the travel bubble. Although we’re in the…

Recovery MCO Malaysia - List of Businesses and Activities Allowed

eWallet Malaysia

eWallet Malaysia Payment Platforms Shining Bright Amid Pandemic   Electronic Payments in Malaysia Now Stronger Than Ever eWallet Malaysia has become the preferred method of payment over traditional cash payments. Especially amid the COVID-19 pandemic and movement control period.   The Money Evolution Payment methods have certainly come a long way, thanks to the rapid…