Sharp Decline in MM2H Applications Calls For a Review The Malaysian Government will be reviewng the Malaysia My Second Home (MM2H) visa programme after a sharp decline from last year. The review was called for after the MM2H had a whopping 90% drop in programme applications since the tightening of the criteria in 2021. The…
Feelings of Optimism as Malaysia’s Economy Grows 5.6% Above Forecast Malaysia’s economy grows 5.6% above forecast in the first quarter of this year, thanks to expansions in private consumption and investments. Economists had predicted a 4.8% growth for annual gross domestic product from January to March. The robust domestic demand will continue to drive Economic…
Global Trust Index Reveals High Confidence in Malaysia Edelman released its annual Global Trust Index and Malaysia is still in the top 10. Over 28 countries were surveyed and Malaysia’s trust score dropped by 3 points, averaging at 62 points. This puts the country in the 9th spot out of 10 on the Global Trust Index.…
Singapore and Malaysia Expanding Cross-Border Financial Integration With QR Code Payment Linkage The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between Singapore and Malaysia. This innovative system allows customers of participating financial institutions to conveniently make retail payments by scanning NETS QR and DuitNow…
Malaysia’s Central Bank Maintains Growth Forecast as the Economy Thrives Since the pandemic, the world economy has struggled to stay on its knees. Recent events such as the ongoing conflict, supply chain disruptions, and inflation have also been warning signs that countries must be very diligent to maintain their monetary well-being. Despite this, Malaysia’s financial…
Malaysia Middle-Income Tax Lowered, Boosting Economic Growth and Providing Relief for Taxpayers Every income earner in Malaysia needs to pay income tax. But with the rising inflation, Malaysians of a lower and middle-class income group have been affected the most. The recent revised Budget 2023 has decided for Malaysia’s middle income tax lowered by…
Digital Content Grant Announced to Boost Quality Content Creation in Malaysia For a multicultural country like Malaysia, it is crucial to consistently maintain its historical and rich heritage roots for future generations. As time passes, each generation will favour a specific method of content consumption. Thus, with the digital content grant announced, Malaysia aspires for…
Malaysia’s Export Value Hits RM 112.84 billion in January Malaysia’s export value in January expanded to RM 207.1 billion (1.9%), the highest record of the month. The Ministry of International Trade and Industry (MITI) believes this was thanks to strong exports. Exports include electrical and electronics (E&E) products, petroleum, and liquified natural gas (LNG). Imports…
Malaysia to Sell Electricity to Singapore from 2023 Malaysia will sell electricity to Singapore from 2023. YTL PowerSeraya, Singapore’s local power producer, will be importing it on a commercial basis. Over a two-year period, 100 megawatts (MW) will be imported by YTL from Malaysia’s TNB Power Generation (a subsidiary of Tenaga Nasional Berhad (TNB)) plant…
Malaysia Jan Exports Up by 1.6% From Last Year The January export numbers in Malaysia rose 1.6% from last year. Despite the rise, the numbers are slower than expected. Financial analysts expected it to be 7.4%. The situation was similar for export numbers in January 2022, with a rise of only 2.3%. Analysts were anticipating…