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…
Attracting More Talent to Penang Penang hopes to be a regional economic hub for northern Malaysia, southern Thailand and northern Sumatra by 2022. The northern island state in Malaysia is hoping to attract 150,000 talents in several sectors. The focus is going to be on nurturing and attracting a larger talent pool to help Penang…
International and Local Businesses Still Committed to the Country Investments in Malaysia continue to be strong, reflecting positive investor confidence in the country’s potential and strength. Both local and international businesses continue to make Malaysia their preferred investment choice. Multinational and international corporations continue establishing vendor development programmes in Malaysia despite the Covid-19 pandemic. They…