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Chinese companies should consider manufacturing electrical appliances in Malaysia and take advantage of its strategic position in Southeast Asia to penetrate the larger regional market. This would be a win-win proposition as both countries are strong trading partners, said Tan Kok Wai, Malaysia’s former Special Envoy to China. His call came as 10 major producers of electric rice cookers, electric kettles andRead more

 Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 3.00 per cent throughout 2024. UOB Global Economics and Market Research expects OPR to stay unchanged at 3.00 per cent through this year, given the balance of risks to growth and inflation. The firm added that this is also pending theRead more

Bank Negara’s report showed Malaysian banks had remained buoyant and will continue to be financially firm. PETALING JAYA: Analysts and fund managers are maintaining their outlook that the domestic banking sector will remain sturdy, following the release of the Financial Stability Review – Second Half 2023 (FSR2H23) on Wednesday. The report, published by Bank Negara,Read more

KUALA LUMPUR: Malaysian workers with skills and expertise in artificial intelligence (AI), information technology (IT) and research and development (R&D) could have considerable growth in salary. Those in AI can enjoy salary increases of over 40 per cent, with those in the field of IT having the opportunity for a 53 per cent increase, whileRead more

Following last week’s by-all-accounts successful Australia-ASEAN summit in Melbourne, I offered some unsolicited advice for an ASEAN audience, on the differences between non-alignment and neutrality. In the same presumptuous vein, my recommendation to Australian readers is always to keep in mind the distinction between ASEAN and Southeast Asia. Southeast Asia is a geographical term for the sub-region bordered byRead more

KUALA LUMPUR: Malaysia has been ranked as the country with the best overall investment condition among Asia’s emerging and developing (E&D) nations in US economic think tank Milken Institute’s Global Opportunity Index (GOI) 2024. Globally, Malaysia has an overall ranking of 27, ahead of Thailand (37) and China (39). Commenting on the achievement, Investment, TradeRead more

Kedah state Housing, Local Government and Health Committee chairman Major (Rtd) Mansor Zakaria said the Kedah government is open to any private entities who are interested to set up an international standard specialist hospital in Langkawi. ALOR SETAR (March 7): The Kedah government is open to any private entities, from within or outside the country,Read more

KUALA LUMPUR: Permodalan Negeri Selangor Bhd (PNSB), IJM Corp Bhd and Lim Seong Hai Capital Bhd (LSH) have announced a strategic collaboration targeted at transforming the road transportation infrastructure in the southern districts of Selangor. In a joint statement, ithe companies said the initiative is focused on the Southern Selangor Integrated Regional Development (IDRISS). IDRISS aims to boost theRead more

Malaysia has announced a goal to create five domestic US$1 billion ‘unicorns’ by 2025 as part of its plan to become a global start-up hub The goal comes years after Malaysia did a U-turn on its tech ambition when it sidelined the Multimedia Super Corridor scheme The skyline of Kuala Lumpur. Economy Minister Rafizi RamliRead more

Daraz Group – the leading e-commerce company in South Asia, excluding India, owned by Alibaba Group Holding – is set to conduct a new round of lay-offs amid “unprecedented challenges in the market”, a year after slashing 11 per cent of its workforce. “Reluctantly, we will bid farewell to many valued members of the Daraz family,” acting chief executive James Dong saidRead more