Growing Ecosystems to Attract Investments Remains Aim of Malaysian Government and Its Agencies Creating and growing ecosystems to attract investments are crucial to national growth. The National Fourth Industrial Revolution (4IR) Policy – the latest strategy from the Malaysian Government – is set to drive digitalization. In line with this plan, the Prime Minister’s Department…
Malaysia Creates 320,000 Jobs via PenjanaKerjaya 3.0 The National Employment Council (NEC) rolls out its latest initiative as Malaysia creates 320,000 jobs. The Malaysian Government is pushing new initiatives to ensure that the nation weathers the economic fallout from the global pandemic. The Ministry of Finance (MOF) reports that the National Employment Council (NEC) is…
Final Revisions for Malaysian Sustainable Palm Oil Certification Standards Malaysian Sustainable Palm Oil certification will focus on sustainability requirements and practices. The Malaysian Sustainable Palm Oil (MSPO) certification standards are wrapping up the final revision stage. As a national certification scheme for palm oil, MSPO will introduce new standards and criteria. These specifications feature sustainability…
Single-origin Premium Quality Cocoa Beans to Be Synonymous With Malaysian Production Malaysia is seeking prominence as a producer of single-origin premium quality cocoa beans. The Malaysian Ministry of Plantation Industries and Commodities (MPIC) is implementing pivotal strategies to boost cocoa bean production. The aim is to position Malaysia as a top producer of single-origin premium…
Malaysia’s Small Entrepreneur Digitisation Empowerment Programme Targets Microenterprises Pupuk Malaysia or the Small Entrepreneur Digitisation Empowerment Programme seeks to onboard 1,000 micro-entrepreneurs by December 2021. The Malaysian Communications and Multimedia Commission (MCMC) will be leading Malaysia’s newest micro-entrepreneurs empowerment programme. The Small Entrepreneur Digitisation Empowerment Programme (Pupuk) will select 1,000 micro-entrepreneurs to participate in the…
Malaysia’s Growth in Domestic Tourism Reaches Record ASEAN High in H2 2020 The second half of the fiscal year is indicative of the high potential of Malaysia’s growth in domestic tourism. Malaysia is on track to an upbeat recovery in its domestic tourism and leisure sector. Capping the ASEAN market, Malaysia’s growth in domestic tourism…
RM80.6 Billion Approved: Investment, and It’s Rise in Malaysia 2021 Investment is all about putting your money in the right place and time for maximum results. This undoubtedly requires keen attention to the development of the global economic climate. One may also need to have the ability to predict if a particular investment will pan…
Malaysia’s Unemployment Rate Dips to 4.6% in April 2021 In light of the COVID-19 pandemic, many countries commenced self-imposed quarantine on their citizens. As a result, restricting the movement meant that certain economic sectors will have to temporarily be shut down. Some businesses suffered monetary loss and had to resort to cutting down staff. Without…
Malaysia Pegged to Maintain Position as One of the Top E-commerce Markets in ASEAN Accelerated e-commerce growth to bring in gross merchandise value of US$30 billion by 2025. Acknowledged as one of the top e-commerce markets in ASEAN, Malaysia is riding high on market sentiment and expectation. Indeed, there has never been a better time…
DSOM Says This Is the First Positive Year-on-year Growth for 2021 The March retail sales in Malaysia were up by 9.3%, taking the total to RM112.8 billion. According to the Department of Statistics Malaysia (DSOM), this is the first positive year-on-year growth for 2021. Two sectors were largely responsible for the increase. This was the…