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The retail industry grew by 2.7 per cent in the July-September period from the previous year to beat expectations amid concerns over inflation and declining purchasing power as the ringgit continued to slide against the greenback. “This latest quarterly result was above market expectation,” Retail Group Malaysia (RGM) said in its November industry report releasedRead more

Malaysia is expected to benefit from the electronics recovery in the second half of the year (2H24), given its position further down the electronics value chain, said Oxford Economics. NSTP/AIZUDDIN SAAD Malaysia is expected to benefit from the electronics recovery in the second half of the year (2H24), given its position further down the electronicsRead more

Experts cite the lack of exams and motivation as well as a problematic curriculum. Experts have warned that Malaysia’s ambition of becoming a high-income and technologically advanced nation could be hampered by the high failure rate in maths, shown in the Sijil Pelajaran Malaysia (SPM) 2023 results released last month. The results showed that 85,000Read more

The government is confident that Malaysia’s position in the IMD’s World Competitiveness Ranking 2025 will improve compared to this year, driven by the increase in high-technology product exports. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the reduction in the country’s high-technology exports had influenced Malaysia’s lower positioning in the IMDRead more

Minister of Investment, Trade and Industry Datuk Seri Tengku Zafrul Abdul Aziz said while Malaysia strives to position itself as a preferred investment destination, it also needs to work with neighbouring countries and propel the region as a whole. ― Bernama pic Malaysia and Singapore, together with the rest of Asean, must collaborate to harnessRead more

Malaysia’s venture capital (VC) industry needs more involvement from the private sector, Wahed Ventures board member and advisory panel member Noor Amy Ismail said. KUALA LUMPUR: Malaysia’s venture capital (VC) industry needs more involvement from the private sector, Wahed Ventures board member and advisory panel member Noor Amy Ismail said. Compared to Singapore’s VC whoseRead more

Kuala Lumpur, the capital of Malaysia, saw its tech startup ecosystem generates more than MYR 220 billion ($47 billion) in value over the past three years. Cradle Fund Sdn Bhd (Cradle), as the focal point agency for Malaysia’s startup ecosystem, said in a statement on Thursday that from July 1, 2021 to December 31, 2023,Read more

Experts said the Malaysian government has taken steps that have resulted in a stronger ringgit.  As any Singaporean crossing the Causeway recently may have noticed, Malaysia’s currency has jumped quite a bit against the Singapore dollar lately. The ringgit hit an all-time low of 3.57 against the Singapore dollar on February 21. On Thursday (JuneRead more

The company’s existing data centre in Johor will be expanded with an additional investment of RM1.5 billion. Investment, trade and industry minister Tengku Zafrul Aziz said he was informed about the investment plans at a meeting with a TikTok vice-president in Singapore today. (Bernama pic) TikTok owner ByteDance has plans to invest about RM10 billionRead more

Cross-border payments innovations are turning global growth frictions into modern fictions. Or, at least, they are working on it. Ripple and Clear Junction announced Wednesday (June 5) that they partnered to bring together Clear Junction’s cross-border payments solutions and Ripple’s enterprise blockchain and crypto solutions. Forward-thinking firms are increasingly exploring the potential of blockchain solutions for simplifying cross-border payment executionRead more