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The Guangdong-Hong Kong-Macao Greater Bay Area is a dynamic economic zone that comprises 11 major cities. InvestHK said many Malaysian businesses in Hong Kong use the city as a base to access the Guangdong-Hong Kong-Macao Greater Bay Area and other regions of China. (AFP pic) Malaysian companies are highly encouraged to leverage Hong Kong’s strategicRead more

Malaysia’s economy grew 5.3 per cent in the third quarter from a year earlier, slowing from an 18-month high in the previous quarter, the government and central bank said on Friday. Economists surveyed by Reuters had forecast annual gross domestic product growth of 5.3 per cent in the July-to-September period, down from 5.9 per centRead more

The Malaysian e-commerce market is expected to grow at a compound annual growth rate (CAGR) of 8.5% between 2024 and 2028 to reach MYR67.1 billion ($14.7 billion) in 2028, according to data and analytics company GlobalData. According to GlobalData’s E-Comerce Analytics, the anticipated spike is driven by the ongoing shift in consumer preference from offline toRead more

FIVE banks are said to be exploring a potential acquisition of Islamic lender Kuwait Finance House (M) Bhd’s (KFH Malaysia) retail banking portfolio in Malaysia, sources say. “A request for proposal was sent [by KFH Malaysia] to banks and we gather that five seem to be interested — two foreign banks and three local ones,”Read more

Malaysia’s wholesale and retail trade sector registered a 4.7 per cent year-on-year (y-o-y) growth with total sales of RM149.2 billion in August 2024, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was primarily driven by the retail trade sub-sector, which increased 5.9 per cent toRead more

E-commerce growth in Southeast Asia: A diverse digital gold rush Once a year, on November 11th, millions of fingers frantically tap screens across China and beyond, unleashing a tsunami of purchases that would make even the most seasoned logistics expert’s head spin. At the epicentre of this retail whirlwind stands Alibaba, the ecommerce giant thatRead more

Solar firms claim that Chinese companies based in Cambodia, Malaysia, Thailand, and Vietnam have flooded the U.S. market and benefited from unfair government subsidies. The U.S. Commerce Department yesterday announced the imposition of preliminary duties on the imports of solar cells and panels from four Southeast Asian nations, in a victory for domestic panel makersRead more

Malaysia Prime Minister Datuk Seri Anwar Ibrahim (front, left) welcomed by Pakistan Prime Minister Shehbaz Sharif (front, right) during the visit to the latter’s official residence in Islamabad, Pakistan, on October 3, 2024. — Picture via FACEBOOK/ANWAR IBRAHIM ISLAMABAD, Oct 4 — There is a clear commitment from the leadership of Malaysia and Pakistan toRead more

Digital minister Gobind Singh Deo says Malaysia’s business-friendly policies and the strengthening of the ringgit against the US dollar has contributed to the positive outlook. Digital minister Gobind Singh Deo said the shift from the contact centre agenda towards customer experience through digitalisation and innovation is extremely necessary. (Facebook pic) Digital minister Gobind Singh DeoRead more

KPDN Minister, Datuk Armizan Mohd Ali said the review covers the Electronic Commerce Act 2006, Consumer Protection Act 1999 and Consumer Protection (Electronic Trade Transactions) Regulations 2012. File pic by X/BERNAMA The Ministry of Domestic Trade and Cost of Living (KPDN) is reviewing several acts involving e-commerce to update existing laws in line with theRead more