Steady Economic Recovery in Malaysia’s 3rd Quarter Boosts Confidence in Businesses According to MIER, it’s going to be a slow but steady trek for Malaysia on the winding sustained road to economic recovery. The Malaysian Institute of Economic Research (MIER) recently published the findings from its Business Conditions Survey Report. Malaysia’s second-quarter (Q2) of 2020…
Future-proofing Businesses With Automation Support Automation for businesses has been around for quite some time. The uptake for automation and digitalisation has been reserved for large manufacturers that require long-term efficiency and productivity. However, many small and medium enterprises are beginning to understand and notice the advantages of automation in their business operations. But for…
The 2020 APEC Session Concluded on a High Note The Asia Pacific Economic Cooperation (APEC) 2020 Malaysia was a success in Kuala Lumpur this year after it concluded on 21 November 2020. 21 APEC Economic Leaders were present for the session. The Promising Achievements The success of the APEC 2020 Malaysia was marked by…
Youth Entrepreneurs in Kuala Lumpur and Putrajaya to Benefit From This Initiative Malaysia’s Federal Territories Ministry is creating even more business opportunities in Malaysia. An Initiative for the Youth Within the next two years, the Ministry aims to provide youth entrepreneurs in Kuala Lumpur (KL) and Putrajaya with 2,000 business lots. This initiative falls…
All Business Travellers to Malaysia Must Go Through the One-Stop Centre by MIDA Globally, most nations are reopening their economic activities despite the pandemic infection rate. All countries must keep going while working hard to keep their people safe. Malaysia, for instance, is highly committed to attracting foreign investments even in the height of Covid-19.…
Believing in Shared Prosperity, Malaysia Signs the RCEP The United States of America and China are two economic giants that are always competing. When one of them envisions to influence an economic region, specifically the Asia Pacific, the other will create a similar agreement. The Regional Comprehensive Economic Partnership (RCEP) began when China, as the…
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.…