Malaysia and Uzbekistan Strengthening Bilateral Bonds Over Economic Matters As Malaysia and Uzbekistan approach their fourth decade of diplomatic relations, the two nations are committed to proclaiming their economic ties. The statement came from Malaysia’s Minister of Investment, Trade and Industry during the Uzbekistan-Malaysia Business Forum at the Silk Road Samarkand Complex, where both prime…
Malaysia’s Services Sector Generates RM2.3 trillion in Total Revenue for 2023 As reported by the Department of Statistics Malaysia, Malaysia’s services sector saw a surge in revenue in 2023, hitting the RM2.3 trillion mark. This is an 8.4% increase from last year’s RM2.1 trillion. Wholesale and retail trade contributed 7.7% to the boost, along with…
Strong Palm Oil Demand in Malaysia, Thanks to India and China Malaysia is anticipating strong palm oil demand this year, thanks mainly to China (9.1%), the European Union (7.1%), and India (17.4%). The Malaysian Palm Oil Board (MPOB) estimates crude palm oil production will hit 18.7 million tonnes. Addressing Challenges the Key to Success…
Malaysia Economic Growth Rate Climbs Between 4.5 to 5.5 Per Cent in 2024 Malaysia’s economic growth rate is predicted to improve further heading into next year, with the country’s gross domestic product (GDP) set to increase by 4.5 to 5.5 per cent in 2024, up from an estimated 4 per cent this year. IMF and…
Malaysia My Second Home Programme Requirements Are Now More Relaxed Malaysia reintroduces its renowned programme for expatriates to reside in Malaysia My Second Home (MM2H) with more relaxed conditions. The Minister of Ministry of Tourism, Arts and Culture, Datuk Seri Tiong King Sing, recently announced the programme’s relaxed conditions. The additional condition of Malaysia My…
Malaysia Grants 30-Day Visa-Free Entry for Indian Citizens In a significant move to boost tourism, Malaysia has announced the granting of a 30-day visa-free entry for Indian citizens, effective from December 1. Prime Minister Anwar Ibrahim announced during a Sunday speech at the People’s Justice Party congress, confirming that Chinese citizens will also enjoy the…
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