Malaysia Ranks Second in the Adoption of QR Payments On A Global Level QR payments are on the rise, and Malaysia now has the second-highest adoption rate of QR payments in the world. China is still leading the race at the front. A Payment Method That Is Transforming Transactions It is incredible how…
Malaysia Sets Its Sights On 3,000 Smart Factories by 2030 Malaysia has set a target for itself to set up 3,000 smart factories by 2030 under the New Industrial Master Plan 2030 (NIMP 2030). It is an initiative focusing on integrating advanced technologies to enhance productivity, create high-skilled jobs, and strengthen the country’s position in…
Strong Growth for Malaysia’s Economy Since 2024 Is a Good Thing A positive end for Malaysia’s economy last year, as it ended on a high note, thanks to the manufacturing and services sectors. These sectors helped drive the trends that enabled Malaysia to reach its target. Big Targets, Big Accomplishments The manufacturing sector’s sales…
Bilateral CEPA for Trade and Investment Opens up UAE to ASEAN and Malaysia to Middle East & North African Markets Malaysia has signed a CEPA for trade and investment with the UAE. It is the country’s 17th Free Trade Agreement and the first with a Gulf Cooperation Council member state. Respective delegations for the…
JS-SEZ Cut Tax Rates to Benefit Businesses and Knowledge Workers The newly established Johor Singapore Special Economic Zones (JS-SEZ) results from Malaysia and Singapore’s collaborative efforts to attract quality investments. The JS-SEZ offers incentives such as cut tax rates for businesses and knowledge workers. As such, recently, in collaboration with Malaysia’s finance ministry, the Johor…
Singapore and Malaysia to Conclude Vast Economic Zone Agreement Malaysia and its neighbour Singapore are in talks to finalise an agreement that will create a vast economic zone linking both border regions. Though it has faced its fair share of delays since 2023, the vast economic zone is expected to create 100,000 jobs and contribute…