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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

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