Tuesday, July 5, 2022
Singapore has unveiled a new plan to strengthen local businesses in various sectors, with an aim to significantly grow the city-state’s trade volumes by 2030. Speaking in Parliament late last week, Singapore Minister for Trade and Industry Gan Kim Yong said the Singapore Economy 2030 plan will target growing exports...
Growth in the Malaysian economy will quicken this year to 4.5 per cent and improve further to 4.7 per cent next year, said the International Monetary Fund (IMF) today. In the latest Regional Economic Outlook for Asia and Pacific which was released in Singapore today, the IMF projected Malaysia's...
Cambodia’s Ministry of Industry and Handicraft has recently revealed that despite being a key factor to the Kingdom’s industrial sector growth, around 95 per cent of Cambodian SMEs have yet to be properly registered. The ministry’s secretary of state, Heng Sokkong, added that SMEs play a pivotal role in achieving...
In a move to speed up the country’s development, President Joko “Jokowi” Widodo announced on Monday that he would issue a presidential instruction (Inpres) stipulating the completion of all government project tenders by March each year. Speaking in front of ministers and governors in a ceremony at the Presidential Palace...
The government has subsidised about 30 per cent of salary payments for small and medium entrepreneurs (SMEs) during the Movement Control Order (MCO) to avoid retrenchment and reduce the number of people retrenched.Neil Foo, the Malaysian representative of the Asia-Pacific Economic Cooperation Small and Medium Enterprise Forum (APEC SME...
World Bank: Global economy faces tenuous recovery beset by risks The World Bank has cautioned that recovery in a handful of countries will boost global growth slightly this year but the outlook is riddled with potential pitfalls that could derail this tepid upswing. A renewal of trade tensions, which eased...
Standard Chartered has welcomed the government’s move to introduce special investment packages worth up to MYR1bil a year for five years to Fortune 500 companies, “global unicorns” as well as local companies that are able to break through to international markets. Abrar Anwar, Managing Director and Chief Executive Officer...

No Genting casino in New York

CIMB Equities Research said on Thursday Genting Malaysia failed to win a casino licence in upstate New York (NY). In its research report, it  said the NY state board chose three developers that excluded any bids in Orange and Ulster counties. “Both of Genting Malaysia’s bids were located in Orange county....
Malaysian companies to participate in Hyderabad halal business fair ASEAN's first halal gelatin industrial park in Malaysia by Sanichi Malaysian experts and companies will participate in an international halal business show in the south Indian city of Hyderabad in January. The inaugural India International Halal Expo is expected to attract more...
THE government is set to launch the RM40 billion SemarakNiaga Keluarga Malaysia Programme today to help help micro, small and medium enterprises (MSMEs) recover from the the Covid-19 pandemic and create jobs. Prime Minister Datuk Seri Ismail Sabri Yaakob said RM40 billion had been allocated for the programme through the...
Despite a lull in COVID-19 cases and the end of the circuit-breaker lockdown, Singaporean SMEs are still struggling to make up for lost time and revenue. This is especially hard for businesses that require high physical contact in order to operate. One such example is the Aesteem Aesthetic Clinic, owned...
The market for initial public offerings in India is turning into a feeding frenzy. The amount of money raised in IPOs this year has reached $8.8 billion, already surpassing the totals of the past three years though it’s only August. At the current pace, 2021 would exceed the all-time record...

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