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Malaysia’s wholesale and retail trade sector registered a 4.7 per cent year-on-year (y-o-y) growth with total sales of RM149.2 billion in August 2024, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was primarily driven by the retail trade sub-sector, which increased 5.9 per cent toRead more

Digital minister Gobind Singh Deo says Malaysia’s business-friendly policies and the strengthening of the ringgit against the US dollar has contributed to the positive outlook. Digital minister Gobind Singh Deo said the shift from the contact centre agenda towards customer experience through digitalisation and innovation is extremely necessary. (Facebook pic) Digital minister Gobind Singh DeoRead more

KPDN Minister, Datuk Armizan Mohd Ali said the review covers the Electronic Commerce Act 2006, Consumer Protection Act 1999 and Consumer Protection (Electronic Trade Transactions) Regulations 2012. File pic by X/BERNAMA The Ministry of Domestic Trade and Cost of Living (KPDN) is reviewing several acts involving e-commerce to update existing laws in line with theRead more

A productive meeting was held between the Uzbekistan Chamber of Commerce, led by Mr. Rasulov Dilshod, Deputy Chairman, and the Malaysia-Uzbekistan Business Alliance, represented by its Secretary-General, Dato’ Sohaimi Shahadan, who is also the President of the ASEAN Chamber of Commerce. The discussion focused on exploring business opportunities and strengthening ties between the two nations.Read more

KUALA LUMPUR: Synergy House Bhd, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, is cautiously optimistic about the potential of the global furniture e-commerce market. “With its strategies to grow the B2C segment, including expanding customer reach through additional e-commerce platforms and new countries, explore new product categories and higher price range,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

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

Tripoli: Boosting Malaysia-Lebanon Trade Ties On 25 June 2024, Ambassador Azri attended a pivotal Hybrid Engagement Session on Malaysia-Lebanon Trade and Investment Opportunities at the Chamber of Commerce in Tripoli, Lebanon. The event aimed to enhance bilateral economic ties & featured remarks from key officials, including Mr. Toufic Dabbousi, President of the North Lebanon ChamberRead more

Malaysia’s venture capital (VC) industry needs more involvement from the private sector, Wahed Ventures board member and advisory panel member Noor Amy Ismail said. KUALA LUMPUR: Malaysia’s venture capital (VC) industry needs more involvement from the private sector, Wahed Ventures board member and advisory panel member Noor Amy Ismail said. Compared to Singapore’s VC whoseRead more

Kuala Lumpur, the capital of Malaysia, saw its tech startup ecosystem generates more than MYR 220 billion ($47 billion) in value over the past three years. Cradle Fund Sdn Bhd (Cradle), as the focal point agency for Malaysia’s startup ecosystem, said in a statement on Thursday that from July 1, 2021 to December 31, 2023,Read more