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New Trade Deal Signed By 11 Countries Eleven countries in the Trans-Pacific Partnership free trade agreement recently sent a strong message to Washington against its increasing protectionism in trade. The countries proceeded to sign a new deal known as The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It was signed in Santiago, Chile, by…
Pahang Set to Woo Investors with Mammoth Projects Pahang looks set to woo both foreign and local investors with numerous large-scale projects, including the East Coast Railway Line (ECRL) project, Malaysia-China Kuantan Industrial Park (MCKIP), Kuantan Port expansion and Tanjong Agas Oil & Gas and Logistic Industrial Park. These mammoth projects will play a big…
MIDA Hold Special Briefing Sessions for Greater Opportunities The Malaysian Investment Development Authority (MIDA) recently held a briefing session entitled, “An Update on Investment Opportunities in Perlis’ at the MIDA headquarters. The first of it’s kind, this session was part of MIDA’s efforts to provide in-depth opportunities in every state this year. The series follows…
More Than 91,500 Jobs Created From 3,886 Projects Last Year Malaysia recorded a total of RM113.5 billion worth of approved investments involving 3,886 projects in the manufacturing, services and primary sectors from January to September, 2017. However, this was 26.5% lower than the investment of RM154.3 billion approved in the same period last year. These…
Osram Sets Up New Plant in Malaysia Osram recently opened it’s new semiconductor plant at the Kulim Hi-tech Park in Perak, Malaysia. The opening was officiated by Malaysian Minister of International Trade and Industry (Miti), Datuk Seri Mustapa Mohamed. In his opening speech, the minister said Osram was a good example of companies that has…
Alibaba launches Tmall retail site Chinese e-commerce giant Alibaba Group Holding Ltd is now targeting the sizeable 500 million population from South-East Asia, namely, Singapore, Malaysia, Hong Kong and Taiwan With product offerings, promotions and logistics, these countries are experiencing rapid growth in terms of new users. Following the launch of the new service, Tmall…
World’s First Digital Free Trade Zone Outside China KUALA LUMPUR: The world’s first Digital Free Trade Zone outside China was launched in Malaysia recently – aimed at doubling the nation’s e-commerce growth and increase the Gross Domestic Product (GDP) contribution to RM211 billion by 2020. Estimated to create more than 60,000 job opportunities by 2025,…
Malaysia Poised To Be Leader In Solar Industry KUALA LUMPUR: The Malaysian Solar PV Roadmap 2030, to be launched by the end of 2017 will pave the way for the further development of the country’s photovoltaic (PV) industry. The effort, which involves key stakeholders from the industry, government departments and academia will be instrumental in…
Alipay now available in Malaysia KUALA LUMPUR: The country’s largest financial service providers – Malayan Banking Bhd (Maybank) and CIMB Bank Berhad, recently partnered with China’s Ant Financial Services Group to enable the Alipay mobile wallet in Malaysia as an alternative cashless payment for Chinese tourists. Operated by Ant Financial, Alipay is an eWallet payment…
Changes implemented by the Companies Act 2016 The Companies Act 2016 came into force in Malaysia on January 31, 2017. However, certain sections have yet to come into operation. These relate to: the company secretary’s registration with the Registrar of Companies; and the corporate rescue mechanisms. Effectively, all companies in Malaysia will now have to…