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The government needs to review the minimum limit in the foreign exchange policy for exporters as one of the measures to strengthen the value of the ringgit, which is currently low against the US dollar. Senior fellow of the Malay Chamber of Commerce Malaysia, Azlan Awang, said that looking at the value of the country’sRead more

Malaysia – Microsoft has announced that it will invest US$2.2 billion over the next four years to promote Malaysia’s digital transformation. The investment demonstrates Microsoft’s commitment to developing Malaysia as a hub for cloud computing and related technologies like generative AI. This project seeks to increase the nation’s productivity, competitiveness, resilience, and economic growth.  The investmentRead more

NCCIM president, Tan Sri Soh Thian Lai, said that the GST is a comprehensive tax that covers all groups compared with the various new taxes introduced now which is focused on taxing only a few groups. The National Chamber of Commerce and Industry of Malaysia (NCCIM) today said the reintroduction of the Goods and ServicesRead more

“Many countries in the region, like Thailand, Singapore, Indonesia and Malaysia, are introducing national AI strategies and action plans for a digital and intelligent future,” president of Enterprise Sales for Huawei said. Chen Lei (Leo Chen), president of Enterprise Sales for the Chinese technology giant Huawei, said on Monday that this leadership is thanks toRead more

The IC Design Park will shift Malaysia towards front-end IC design Establishing the park will position Malaysia as a global IC design powerhouse Yong Kai Ping (left), CEO of Sidec, at the Letter of Intent signing with CK Tseng of ARM Inc (2nd left); Pua Khein-Seng (3rd from left) CEO of Phison Malaysia (MaiStorage); FongRead more

E-commerce is crucial for businesses of all sizes, from local stores to global corporations, especially in Southeast Asia—a region ripe with opportunities due to its young demographic and supportive digital policies. Understanding current trends is vital for companies aiming to enter this market and, in order to succeed, businesses must align their strategies with theRead more

Vietnam has emerged as one of the most promising shoppertainment markets and is expected to become an e-commerce powerhouse in Southeast Asia. Vietnam has emerged as one of the most promising shoppertainment markets and is expected to become an e-commerce powerhouse in Southeast Asia. TikTok Vietnam said the number of merchants and average sales on its app tripled lastRead more

Alternative payment methods accounted for 35.7% of e-commerce transactions in 2023. The Malaysia e-commerce market is expected to grow by 12.8% in 2024, driven by increasing consumer preference for online shopping, according to GlobalData. In 2023, the market grew by 15%, reaching $9.8b (MYR44.6b). It is projected to reach $11b (MYR50.3b) in 2024. Poornima Chinta,Read more

Economists say the government’s effort to boost the ringgit has yielded positive results in other areas. Among the steps the government has taken to give the ringgit a boost is to encourage exporters to repatriate their earnings back to Malaysia. Recent efforts by the government to support the ringgit have yielded positive results in otherRead more

 DHGATE Group has won the “Best B2B Cross-Border E-Commerce Marketplace Company China 2024” award at the Global Business & Finance Magazine Awards. The award recognizes leading enterprises with innovation and leadership from various industries, and the core objective is to equip the audience with the essential knowledge and insights required to navigate the complex andRead more