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The ringgit is outperforming its Asian peers in 2024. (Photo: Bloomberg) The ringgit is set for its longest winning streak in 14 years on optimism surrounding Malaysia’s economy and foreign fund inflows. The local currency rose 1.6% against the dollar on Friday, gaining for the 10th straight day, its best run since 2010. After threeRead more

Juwai IQI says GDP growth will be around 4%-5% in the next three to five years, supported by a stronger ringgit. According to the World Bank, five Malaysian states, namely Selangor, Sarawak, Penang, Labuan and Kuala Lumpur, have surpassed the 2023 high-income threshold of US$14,005. (AP pic) Malaysia’s target to achieve high-income status is realistic,Read more

Malaysia, with Greater Kuala Lumpur at its heart, holds significant promise as a potential business hub or regional headquarters for the Global South, according to Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong. Speaking at the Annual General Meeting of the National Chamber of Commerce and Industry Malaysia (NCCIM), Liew highlighted Malaysia’s wealthRead more

Thailand is expected to be the second biggest e-commerce market in Southeast Asia in 2025 According to the e-conomy SEA study by Google and Temasek, it shows Thailand e-commerce market value was $0.9 Billion in 2015. It projects that the market will grow with the compound annual growth rate of 29% which will reach the valuationRead more

This file photograph shows Prime Minister Datuk Seri Anwar Ibrahim speaking at an event in Putrajaya on July 25, 2024.  Prime Minister Datuk Seri Anwar Ibrahim today announced a RM1 million donation to the National Chamber of Commerce and Industry of Malaysia (NCCIM) in recognition of its support for the government’s efforts to encourage domesticRead more

The Malaysian Chamber of Commerce and Industry in China–Xi’an Office had successfully organised the first “Malaysia-Northwest China Business Forum” in Shaanxi Province which ran from 3 to 5 July 2024. The three-day event garnered robust participation from government and corporate bodies representing both nations – enriching dialogues on trade, investment and industrial collaboration.   The MalaysianRead more

Shopee, for example, enables them to reach a broader customer base, achieve sustainable growth WITHIN the Malaysian economy, a network of micro, small and medium-sized enterprises (MSMEs) plays a crucial role – they form the nation’s backbone, accounting for a remarkable 97.4% of all enterprises and contributing a significant 38% to the country’s GDP. MSMEs driveRead more

Combined with Tokopedia, ByteDance group takes second spot in $114bn market TikTok has become a “very relevant player” in Southeast Asia’s e-commerce sector, the CEO of Singapore-based consultancy Momentum Works says.   © Reuters TikTok, the viral short video app owned by China’s ByteDance, is becoming one of the largest e-commerce platforms in Southeast Asia, aRead more

Alibaba.com, a prominent global business-to-business (B2B) e-commerce platform under the Alibaba International Digital Commerce Group, is reinforcing its commitment to supporting micro, small, and medium-sized enterprises (MSMEs) worldwide by scaling its artificial intelligence (AI) tools.  Alibaba.com, a prominent global business-to-business (B2B) e-commerce platform under the Alibaba International Digital Commerce Group, is reinforcing its commitment toRead more

The adoption and usage of e-commerce and mobile wallet industries among Malaysians have seen a notable increase in 2023 compared to the years before, according to the latest survey findings released by Ipsos Malaysia. This shows growing confidence in the digital economic industry, the local chapter of global market researcher Ipsos said of the findingsRead more