CMCO Now Extended to All but the Three States in Malaysia As the third wave of Covid-19 hits Malaysia, the government, with the Health Ministry’s advice, implements conditional movement control order (CMCO) in Malaysia for all states except Perlis, Kelantan, and Pahang. The implementation of CMCO was at targeted areas in Sabah right after the…
Expanding the Yield Through Sustainable Policies Malaysia wants to improve the productivity of its palm oil industry and is committed to establishing policies for sustainable cultivation of palm oil to improve the palm oil yield and productivity. Malaysia’s Ministry of Plantation Industries and Commodities (MPIC) plans to implement several new policies. These policies will seek…
China Still the Biggest Investor in Malaysia’s Manufacturing Sector China continues to be the biggest foreign investor in Malaysia in the manufacturing sector. China retained this ranking for the last four years since 2016. Strong Bilateral Trade Between China and Malaysia The bilateral trade between China and Malaysia amounts to US$80.06 billion. This was…
Changing Interest Rates Needs Amendments to Financial Reporting Standards As banks worldwide are consistently changing their interest rate benchmark, financial reporting standards are affected as well. As such, the second phase of interest rate benchmark reform amendments will take effect accordingly. The implementation of this shall take effect for financial reporting beginning in January 2021.…
Malaysia Recorded an Impressive Foreign Bond Last June, Totalling Up to RM198.9 Billion; the Highest Recorded Net Inflow in Six Years Malaysia’s foreign holdings’ bonds climbed to a massive RM198.9 billion last month, according to Malaysian Rating Corp Bhd (MARC). The foreign bonds have grown by RM11.6 billion; making June 2020 the highest recorded net…
MIDA Accelerates Digital Transformation as Part of Industry 4.0 Initiatives Dynamic re-engineered delivery systems are the key to digital transformation in business for investors. The Malaysian Government is adapting to the new normal by embracing digital transformation in business. The Government is focused on prioritizing faster and efficient digitalization of its delivery services. The Malaysian…
New Programme Introduced to Help Those Impacted by COVID-19 A New Wage Subsidy Programme 2.0 has been announced by the Malaysia government intended to help those impacted by COVID-19. The New Wage Subsidy Programme 2.0 falls under the Kerangka Inisiatif Tambahan Prihatin (KitaPrihatin) Framework. The programme is categorising people into two types of income groups.…
Malaysia Up Two Spots From 35th to 33rd Place for Two Years Consecutively The 2020 Global Innovation Index (GIL) ranked Malaysia in 8th position in Asia and 33rd spot globally. Going Strong Two Years in a Row This new ranking in the Global Innovation Index 2020 makes Malaysia the second most innovative country in…
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…