Friday, February 28, 2020
CUHK Business School Research Reveals U.S. Firms Not Coming Home Amid Trump's Trade War The foundation of the current U.S. administration was President Donald Trump's vision of "Make America Great Again" and his promise to bring jobs back to the U.S. From the tariffs on US$550 billion of Chinese goods...
Fortifying the core of banking and capital markets for the next wave of disruption As we ring in the new decade, we are accompanied by a new wave of disruption more forceful and more pervasive than we have ever experienced. Malaysia has 26 commercial banks, 16 Islamic banks, one international...
Foreign firms are struggling to resume work in virus-hit China as they face disrupted supply chains, rising inventory and quarantine rules meant to contain the deadly epidemic, the EU chamber of commerce said today. With many pharmaceutical companies globally sourcing from China, pharmacies may also face a shortage of antibiotics...
Singapore cuts 2020 GDP forecast to -0.5% to 1.5% due to COVID-19 outbreak Singapore is expecting slower growth in 2020 and has downgraded its gross domestic product (GDP) forecast amid concerns about the ongoing COVID-19 outbreak. Economic growth for this year is now expected to come in at around 0.5...
The Federation of Malaysian Manufacturers (FMM) has called on the government to expedite the launch of its planned economic stimulus package, to minimise the impact of the COVID-19 outbreak on Malaysia’s growth. FMM president Tan Sri Soh Thian Lai said in a statement, urged the government to bring forward its...

Money in bioplastics for SME

Local small and medium enterprises (SMEs) can spur Malaysia’s potential as a global bioplastics hub, according to Malaysian Bioeconomy Development Corporation Sdn Bhd. Its chief executive officer, Dr Mohd Shuhaizam Mohd Zain said the country has the policies, technologies, knowledge, infrastructure, and feedstock required to create a dynamic and...
Prime Minister Tun Dr Mahathir Mohamad will announce an economic stimulus package on 27 February to mitigate the adverse external economic impacts of the COVID-19 outbreak on Malaysia. Finance Minister, Lim Guan Eng said in a media release today that the economic stimulus package is neither a new budget...
PropertyGuru Malaysia has taken a neutral outlook for property prospects in 2020, with glimmers of opportunity amid a trying market. There’ve been targeted measures introduced in Budget 2020 to address specific issues in Malaysia's property landscape, along with scattered feel-good factors for the market, such as a positive interest...
As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their future in the global financial hub. While Hong Kong’s retail sales extended their free-fall in December as months of sometimes violent anti-government protests...
More than a hundred local and regional tech entrepreneurs and digital ecosystem partners gathered at the recently held Global Growth Acceleration (GGA) Kick-off 2020 to learn how MDEC’s newly minted GGA division can assist to fuel high-potential Malaysian headquartered tech companies to skyrocket on the global stage. The new division...
The Singapore Tourism Board expects the country’s tourism sector to take a “significant hit”, with visitor arrivals estimated to fall by 25 per cent to 30 per cent this year due to the novel coronavirus outbreak. The coronavirus outbreak has significantly impacted visitor arrivals, especially from China, which accounts for...
The economic impact of the novel coronavirus (2019-nCoV) is expected to be temporary based on the previous experience with the severe acute respiratory syndrome (SARS), according to MIDF Research. The research house, which is maintaining its 2020 gross domestic product (GDP) growth forecast for Malaysia at 4.5 per cent, said...

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