Saturday, December 5, 2020
The Malaysian government has signed a preliminary purchasing agreement with pharmaceutical company Pfizer to obtain 12.8 million doses of COVID-19 vaccines to meet the immunisation needs of 20 per cent or 6.4 million Malaysians. Prime Minister Tan Sri Muhyiddin Yassin said the agreement was to ensure the government had access...
The 17th edition of the Malaysia International Halal Showcase (MIHAS) will be held in September next year to spur innovation and sustainable growth in the Halal economy. The event is organised by the Malaysia External Trade Development Corporation (MATRADE) under the patronage of Ministry of International Trade and Industry...
Malaysia saw a relative lull in Covid-19 cases earlier in 2020. Thanks to effective lockdown measures and social distancing rules, the country was able to effectively contain the spread of the coronavirus, thus allowing workers to return to the office. Businesses took the opportunity to enhance their business continuity...
MEF: RCEP will boost Malaysia’s economic revival The Malaysian Employers Federation (MEF) believes that the recent signing of the Regional Comprehensive Economic Partnership (RCEP) provides a much-needed boost to revive Malaysia’s economy impacted by the Covid-19 pandemic. MEF President Datuk Syed Hussain Syed Husman said the trade pact made between 15...
The government has approved 4,727 small and medium enterprise (SME) applications valued at RM996.9 million to propel businesses under the PENJANA SME Financing. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said for the PENJANA Tourism Financing, the government had received 461 SME applications. The financing package offers SMEs a...
A week after the 11.11 Singles Day sale, and it has become apparently clear that the online sale was a welcome boon for local entrepreneurs and SMEs in Malaysia; who have suffered greatly due to the reimplementation of partial lockdowns. Shopee Malaysia regional managing director Ian Ho said the 11.11...
MDEC: Malaysia poised to dominate SEA’s e-commerce market Malaysia is performing well in the digital journey and has begun to achieve its dreams of becoming the ASEAN Digital Pulse while ensuring that Malaysians are always sensitive in seizing digital opportunities and emerging as the most dominant e-commerce market in the...
The Federation of Malaysian Manufacturers (FMM) is confident that the Regional Comprehensive Economic Partnership (RCEP) will contribute significant market access for Malaysian companies, enabling new value chains, increasing economic activities, and strengthening supply chain links across the Asia Pacific. FMM president Tan Sri Soh Thian Lai said although Malaysia has...
Japan will support SME aviation parts suppliers expanding further into Asia, first joining forces with Malaysia to ease exports and joint ventures. Tokyo and Kuala Lumpur will soon confirm plans to work together in promoting the aviation industry. Malaysia is a hub of global aerospace manufacturers, including General Electric, that...
Officials from the 21 APEC economies began their final round of policy deliberations for 2020 on 13 November. The concluding senior officials’ meeting, organised by Malaysia, was convened in a virtual space to ensure that APEC work in advancing regional economic integration, as well as fostering sustainability, inclusive growth...
Malaysia's economy posted a smaller contraction of 2.7 per cent in the third quarter (3Q) of 2020, surpassing consensus estimate of -4.6 per cent, as well as the Gross Domestic Product (GDP) contraction of 17.1 per cent in 2Q, supported by improvements in all sectors, continuous normalisation of economic activities and...
DHL Express has announced that it is investing EUR 690 million between 2020 and 2022 to build or expand its facilities in key growth markets of Australia, Japan, Hong Kong and South Korea. It also intends to spend close to EUR 60 million to bolster its Asia Pacific air...