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MALAYSIA’S digital economy is projected to grow 16% to US$31 billion (approximately RM138.43 billion) in GMV by 2024, according to the e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company. Google Malaysia Country Director, Farhan Qureshi, said the country’s digital economy is advancing towards profitability, with e-commerce remaining its largest contributor. “The sector hasRead more

The Guangdong-Hong Kong-Macao Greater Bay Area is a dynamic economic zone that comprises 11 major cities. InvestHK said many Malaysian businesses in Hong Kong use the city as a base to access the Guangdong-Hong Kong-Macao Greater Bay Area and other regions of China. (AFP pic) Malaysian companies are highly encouraged to leverage Hong Kong’s strategicRead more

The Malaysian e-commerce market is expected to grow at a compound annual growth rate (CAGR) of 8.5% between 2024 and 2028 to reach MYR67.1 billion ($14.7 billion) in 2028, according to data and analytics company GlobalData. According to GlobalData’s E-Comerce Analytics, the anticipated spike is driven by the ongoing shift in consumer preference from offline toRead more

E-commerce growth in Southeast Asia: A diverse digital gold rush Once a year, on November 11th, millions of fingers frantically tap screens across China and beyond, unleashing a tsunami of purchases that would make even the most seasoned logistics expert’s head spin. At the epicentre of this retail whirlwind stands Alibaba, the ecommerce giant thatRead more

Solar firms claim that Chinese companies based in Cambodia, Malaysia, Thailand, and Vietnam have flooded the U.S. market and benefited from unfair government subsidies. The U.S. Commerce Department yesterday announced the imposition of preliminary duties on the imports of solar cells and panels from four Southeast Asian nations, in a victory for domestic panel makersRead more

Leading Southeast Asian MarTech company, OpenMinds Group, today unveiled findings on the state of digitalisation among Malaysian businesses. The findings provide a detailed look at how Malaysian companies are navigating the complexities of digital transformation, with a strong emphasis on ease of use, data security, and the evolving role of AI in the workplace. Jan Wong, founderRead more

AFTER nine years of searching for his true calling and facing several failed ventures, business owner Mohd Zaid Othman finally discovered his passion for crafting scented candles. In 2019, he launched Lampu Cherita, a homemade scented candle store. However, his excitement soon turned to frustration as he grappled with the complexities of e-commerce and the challenges ofRead more

Shoppers often prioritise convenience and reliability when shopping online. – File pic credit (Shopee) EXPECTATIONS of modern shoppers are reshaping the online retail landscape. Among Gen Z shoppers, factors that influence purchasing decisions include seamless return and refund processes, alongside next-day delivery services. E-commerce platforms are responding to the growing demand for convenience and reliabilityRead more

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