RM58b Investment For Malaysia 2020 On Target Economic Action Council (EAC) Believes Target Is Achievable The investment target of RM58 billion for 2020 is achievable despite the COVID-10 pandemic. The EAC believes this target can be reached based on the confidence investors have demonstrated. Data from the Malaysian Investment Development Authority (MIDA) already shows that…
Malaysia to Surpass Singapore in Market Capitalisation 2020 is turning out to be an astonishingly positive year for Malaysia as it rakes up USD 379 billion dollars in market value. To put things in perspective, Malaysia is a stone’s throw from surpassing Singapore, who is leading with only USD 4 billion dollars away. For the…
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…
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…
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…
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…