The Central Bank Has Sufficient Reserves as of February 2021 As of 15 February 2021, the Bank Negara Malaysia international reserves have gone up to US$109.7 billion from their previous US$107.8 billion in January 2021. With the new total, the central bank has enough reserves to finance 8.6 months’ worth of retained imports. It also…
Cybersecurity Test Lab a Joint Effort Venture Malaysia will launch Southeast Asia’s first 5G Cybersecurity Test Lab that will cover a testbed 5G ecosystem that is comprehensive. It will be a model for end-to-end cybersecurity. Southeast Asia’s first 5G Cybersecurity Test Lab is a joint venture between CyberSecurity Malaysia (CSM), Celcom Axiata Bhd and Huawei…
Attracting More Talent to Penang Penang hopes to be a regional economic hub for northern Malaysia, southern Thailand and northern Sumatra by 2022. The northern island state in Malaysia is hoping to attract 150,000 talents in several sectors. The focus is going to be on nurturing and attracting a larger talent pool to help Penang…
International and Local Businesses Still Committed to the Country Investments in Malaysia continue to be strong, reflecting positive investor confidence in the country’s potential and strength. Both local and international businesses continue to make Malaysia their preferred investment choice. Multinational and international corporations continue establishing vendor development programmes in Malaysia despite the Covid-19 pandemic. They…
Steady Economic Recovery in Malaysia’s 3rd Quarter Boosts Confidence in Businesses According to MIER, it’s going to be a slow but steady trek for Malaysia on the winding sustained road to economic recovery. The Malaysian Institute of Economic Research (MIER) recently published the findings from its Business Conditions Survey Report. Malaysia’s second-quarter (Q2) of 2020…
Future-proofing Businesses With Automation Support Automation for businesses has been around for quite some time. The uptake for automation and digitalisation has been reserved for large manufacturers that require long-term efficiency and productivity. However, many small and medium enterprises are beginning to understand and notice the advantages of automation in their business operations. But for…
The 2020 APEC Session Concluded on a High Note The Asia Pacific Economic Cooperation (APEC) 2020 Malaysia was a success in Kuala Lumpur this year after it concluded on 21 November 2020. 21 APEC Economic Leaders were present for the session. The Promising Achievements The success of the APEC 2020 Malaysia was marked by…
Youth Entrepreneurs in Kuala Lumpur and Putrajaya to Benefit From This Initiative Malaysia’s Federal Territories Ministry is creating even more business opportunities in Malaysia. An Initiative for the Youth Within the next two years, the Ministry aims to provide youth entrepreneurs in Kuala Lumpur (KL) and Putrajaya with 2,000 business lots. This initiative falls…
All Business Travellers to Malaysia Must Go Through the One-Stop Centre by MIDA Globally, most nations are reopening their economic activities despite the pandemic infection rate. All countries must keep going while working hard to keep their people safe. Malaysia, for instance, is highly committed to attracting foreign investments even in the height of Covid-19.…
Believing in Shared Prosperity, Malaysia Signs the RCEP The United States of America and China are two economic giants that are always competing. When one of them envisions to influence an economic region, specifically the Asia Pacific, the other will create a similar agreement. The Regional Comprehensive Economic Partnership (RCEP) began when China, as the…
