Businesses foresee improving situation for 3Q 2023
KUALA LUMPUR: Businesses foresee an improving business situation for the third quarter (3Q) of 2023 with the confidence indicator turning positive to 0.7 per cent from -3.1 per cent in the second quarter (2Q), says the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this was supported by factors […]
New dawn for workers or challenge for businesses?
KUCHING: The proposal to raise the wage share ratio from 32 per cent to 45 per cent using the Progressive Wage Model (PWM) has sparked discussion on its feasibility, considering the potential effects on employers. To explain, the wage share ratio shows how income is split between workers and other factors like capital put into […]
Businesses remain optimistic in 1Q 2023
KUALA LUMPUR: Malaysian businesses remain optimistic about the business condition in the first quarter of 2023 (1Q 2023) with the confidence indicator improving to 3.6 per cent from 3.2 per cent in the previous quarter (4Q 2022), according to the Department of Statistics Malaysia’s (DoSM) latest business tendency statistics report. In a statement yesterday, the […]
Policies must help all businesses, says SHEDA
KUCHING: Sarawak Housing and Real Estate Developers Association (SHEDA) hopes the new federal government will be supportive and accommodating in its business policies to assist all businesses in Malaysia. Its Kuching chairman Datuk Sim Kiang Chiok pointed out that stability in politics and government economic policy are both needed for a good economy and business […]
Rise in interest rates will affect economy
KUCHING: Sarawak United People’s Party (SUPP) Stakan branch chairman, Datuk Sim Kiang Chiok, said the second increase in bank interest rates, from 1.75% to 2% and now 2.25% will affect the state’s economy, especially businesses. “The world economy is facing challenges as we are just coming out of the pandemic and the economy is on […]
No substitute to innovation in business growth
KUCHING: The need for innovation is essential for businesses to stay competitive and relevant, said Tabung Ekonomi Gagasan Anak Sarawak (TEGAS) board of trustee member, Dennis Ngau. He said companies that utilise innovative approaches and techniques can create incredible new products and services, understand new market opportunities and trends, and solve existing problems with better […]
Invest Sarawak in pipeline to spur business
KUCHING: The Sarawak government will establish a new entity called Invest Sarawak to provide better experiences and convenience for investors who want to invest in the state. Chief Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg said the new entity will be headed by Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan, who […]
We want both traders and consumers to be happy
KUCHING: The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) will continue to do its best to ensure a high level of satisfaction for both consumers and traders. The ministry wants to take care of all stakeholders, from the consumers to traders and businesses. Consumerism is very dynamic, but through advocacy and consultation, the ministry aims […]
Vaccination certificates for businesses in September
KUCHING: Vaccination certificates will be distributed to business operators in the Kuching South City Council (MBKS) areas in the first week of September. MBKS mayor, Datuk Wee Hong Seng said businesses such as shopping malls, private businesses, supermarkets and eateries would receive the certificates from the council. “The certificates will be handed out to businesses […]
Businesses worried about uncertainty after PM exit
KUCHING: Datuk Sim Kiang Chiok says he is saddened by Tan Sri Muhyiddin Yassin’s resignation as prime minister, which has undoubtedly created uncertainty in the country. The Sarawak Housing and Real Estate Developers Association (Sheda) Kuching chairman highlighted that the main priority in the present situation was to manage the pandemic in order to protect […]
