Wednesday, January 29, 2020
RAM Business Confidence Index suggests negative sentiment bottoming out The latest RAM Business Confidence Index (RAM BCI) suggests a possible bottoming out of negative sentiment among Malaysian businesses. The Corporate Index finally bucked the downtrend of the last few quarters to rise 3.2 points to 56.4 while the SME Index...
One of Thailand’s house committee plans to urge the Digital Economy Promotion Agency (DEPA), Electronics Transactions Development Agency (ETDA), and the National Innovation Agency (NIA) to grant assistance to local startups; many of which are struggling in the face of foreign competition. The three agencies have their work cut out...
Economic Action Council to give focus on several aspects this year The Economic Action Council (EAC) aims to boost investment and strengthen productivity and innovation to spur economic growth. A statement from the EAC secretariat said the Council would also address unemployment through improving the quality of graduate with upskilling...
Singapore’s central bank has received 21 applications for digital bank licences at the close of application on 31 December 2019. In a media released today, the Monetary Authority of Singapore (MAS) said there were seven applications for the digital full bank licences and 14 applications for the digital wholesale...
China has pledged to increase its measures in an effort to strengthen its troubled banks and small enterprises; all the while continuing to crackdown on shadow banking and property speculation. This is a difficult balancing act for the nation as it risks an uncontrollable buildup in bad debt at...
The Thai Baht has been performing strongly over 2019. Perhaps a little too strong. The Minister of Finance, Uttama Savanayana, has vowed to help resolve this issue by setting up committees to look after the overall economic development. In addition, the ministry is also set to issue new SME...
Maszlee Malik resigns as Education Minister Over RM170,000 fines imposed on smokers and eatery owners Proton sales up 55.7 per cent in 2019 Singapore economy grew 0.7per cent in 2019 China’s central bank frees up US$115 billion to support growth China suspends Shanghai-London stock plan Maszlee Malik resigns as...
It was recently announced that a project involving both the Filipino government ad private organisations will be put in place to train at least 300 agricultural and biosystems engineers (ABEs) to help the agriculture sector reach a whole new level of mechanisation. Private sector participants include the Philippine Society of...
Free ad space worth RM1m for SMEs under SME Corp Adwork is offering RM1 million worth of free advertising space to local small and medium enterprises (SMEs) registered with SME Corp Malaysia. Adwork CEO Kumaresh Visvanathan said, “Until now, mainstream advertising has been a ‘privilege’ to large-scale organisations with huge marketing...
Visit Malaysia 2020, which will be launched on 1 January 2020, aims to welcome 30 million foreign tourists and earnings of RM100 bilion to the tourism industry. Tourism Malaysia director-general Datuk Musa Yusof said tourists from Singapore, Indonesia, Thailand, Brunei and China are expected, along with visitors from Europe and...
The increase in the number of establishments operating in the wholesale and retail trade sector, coupled with the higher internet usage among them, shows that Malaysia is moving towards a developed nation status, according to the Department of Statistics Malaysia. Citing the Preliminary Report Wholesale and Retail Trade Census 2019...
Malaysia is expected to reach up to 4.8 per cent economic growth next year due to a variety of factors including strong macroeconomic fundamentals, low and stable inflation, and a healthy current account surplus of the balance of payments, said Economic Affairs Minister Datuk Seri Azmin Ali. He said...

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