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KUALA LUMPUR (Nov 29): Malaysia’s e-commerce income grew by 5.4% year-on-year (y-o-y) in the third quarter of 2023 (3Q2023) to RM289.5 billion from RM274.6 million in the same quarter last year, said the Department of Statistics Malaysia (DOSM). This growth was primarily driven by the manufacturing and services sectors, said the department in its Malaysia Digital Economy 2023 reportRead more

(From left) Malaysia Airports Holdings Bhd acting CEO Mohamed Rastam Shahrom and Malaysia Airports (Niaga) Sdn Bhd general manager Md Fadzwin Abdul Rahim at the opening ceremony of two Eraman duty free stores at KLIA on Wednesday SEPANG (Nov 22): Malaysia Airports Holdings Bhd (MAHB) aims to reopen all its retail space at Kuala LumpurRead more

Malaysia’s robust economic fundamentals are well-positioned to weather global turbulence, including the ongoing US-China rivalry, concerns over US inflation rates, and geopolitical tensions. KUALA LUMPUR: Malaysia’s robust economic fundamentals are well-positioned to weather global turbulence, including the ongoing US-China rivalry, concerns over US inflation rates, and geopolitical tensions. iCapital Biz’s managing director Tan Teng BooRead more

KUALA LUMPUR: Malaysia’s inflation will continue to remain modest for the rest of 2023 and in the early part of 2024 due to slower pressure from the demand-pull inflation and the impact from the interest rates normalisation, said AmBank Research. “We expect inflation to range between 2.5 per cent and 3.0 per cent in 2023,”Read more

SONGKHLA: Business operators in Sadao district have urged the government to consider opening the old Sadao immigration checkpoint in tandem with the new one, ina bid boost trade and tourism with Malaysia At least 300 operators from Baan Dan Nok in tambon Samnakkam discussed the matter on Thursady after rumours of the government’s attempt toRead more

KUALA LUMPUR (Nov 16): The initial public offering (IPO) market in Malaysia is expected to remain robust in 2024, supported by a strong pipeline of offerings and healthy institutional and retail investors’ appetites for companies with good growth propositions, particularly those in the consumer and tech or tech-related industries, according to Deloitte Malaysia. Deloitte MalaysiaRead more

KUALA LUMPUR: Malaysia’s DuitNow and Singapore’s PayNow have now been connected with real-time payment systems linkage, owing to the collaborative efforts of Bank Negara and the Monetary Authority of Singapore (MAS), as well as the countries’ payment system operators and participating institutions. The DuitNow-PayNow linkage enables instant, secure and cost-effective P2P fund transfers and remittancesRead more

Keynote speaker of the “SME ESG Symposium 2023” National SDG Centre Director Asfaazam Kasbani (centre) along with (from right) UN Global Compact Malaysia & Brunei Executive Director Faroze Nadar, Alliance Bank Malaysia Berhad Group Chief Executive Officer Kellee Kam, Monash University Malaysia President and Pro Vice-Chancellor Professor Adeeba Kamarulzaman, Monash University Malaysia School of BusinessRead more

KUALA LUMPUR, Nov 2 – A memorandum of understanding (MoU) was signed between SME Corporation Malaysia (SME Corp Malaysia) and Enterprise Singapore on Oct 30 in Singapore to pave the way towards strengthening bilateral relations and encouraging the growth of micro, small and medium enterprises (MSME) in both countries.  The signing of the MoU was witnessed by Prime Minister DatukRead more

THERE are many ambiguities surrounding the luxury goods tax or high value goods tax, at a rate of 5% to 10%, that was proposed during the tabling of Budget 2024. There has been no mention of the implementation date or types of luxury items that will fall under the tax, save for jewellery and watchesRead more