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The collaboration is expected to equip local SMEs with the knowledge and resources to expand their presence on Amazon’s e-stores and grow their brands internationally. The Access Partnership Report 2023 has predicted Malaysia’s e-commerce export value to surge 14% annually to reach an estimated RM36.2 billion by 2027. (Freepik pic) PETALING JAYA: The Malaysia ExternalRead more

With some Japanese multinational corporations (MNCs) looking beyond Singapore to base their regional headquarters due to the rising cost there, Malaysia has what it takes to position itself as a viable destination, say economists. Sunway University economics professor Dr Yeah Kim Leng said Malaysia’s investment promotion efforts and its rising competitiveness in attracting multinationals toRead more

The Ministry of Science, Technology and Innovation (MOSTI) will be launching the Single Window Initiative to strengthen Malaysia’s startup ecosystem by streamlining processes and consolidating resources under one platform. Its Minister Chang Lih Kang said the initiative will dismantle bureaucratic hurdles, expedite approvals and empower entrepreneurs to navigate the startup journey with greater ease. “ThisRead more

Analysts say the ringgit is in for another bout of weakness with a depreciation in the Chinese yuan possibly pushing the ringgit to surpass 4.8 to the US dollar levels, amid a delay in US rate-cuts. (BERNAMA/Pic) Analysts say the ringgit is in for another bout of weakness with a depreciation in the Chinese yuanRead more

Bank Rakyat Group today announced a dividend distribution of 15 per cent, amounting to RM424.62 million for the financial year ended Dec 31, 2023 FY23). Bank Rakyat Group today announced a dividend distribution of 15 per cent, amounting to RM424.62 million for the financial year ended Dec 31, 2023 FY23). The group  posted a profitRead more

MIDF Research said targeted fuel subsidies could promote efficiency in the refinery and retailer subsectors of the downstream segment. The upcoming targeted subsidy scheme is likely to have a positive impact on the downstream oil and gas sector in Malaysia, while the logistics and power utility sectors will likely see limited or a neutral impactRead more

Bank Negara Malaysia (BNM) has organised several engagement sessions with various stakeholders since March 20 in conjunction with the release of its key reports recently.  They were the Annual Report 2023,  Economic and Monetary Review 2023 and Financial Stability Review for the Second Half of 2023. The central bank said among the important issues discussedRead more

Many of us have seen photos of and read stories about robots working on the production floor in factories, speeding up old-school assembly lines to build products more quickly. And while the robotics trend in manufacturing is continuing to grow, that’s not the only way technology (including artificial intelligence) and automation are impacting the industry.Read more

Malaysian consul-general in Hong Kong Muzambli Markam says Malaysian companies are similarly keen to do business in Hong Kong. Malaysian consul-general in Hong Kong Muzambli Markam said Malaysian businesses were well aware of the need for the national security law. Hong Kong companies are looking at Malaysia as “a go-to place” for artificial intelligence (AI)Read more

PETALING JAYA: Malayan Banking Bhd (Maybank) remains positive about its outlook for 2024, guided by its M25+ corporate strategy. The M25+ strategy involves adopting Agile@Scale, different methods to enhance collaborations while looking at ways to differentiate its solutions and propositions for customers. In its annual report, president and group chief executive officer Datuk Khairussaleh Ramli said effortsRead more