One-stop agency for Foreign Direct Investments
By Gabriel Lihan NOW is the right time for global companies and neighbouring countries to invest in Sarawak through a new entity InvestSarawak. Deputy Premier Datuk Amar Awang Tengah Ali Hasan said the Sarawak government would establish InvestSarawak as a one-stop agency for all investments and trades in Sarawak to improve the ease of doing […]
Centre proposes reforms in Malaysia’s tax framework
KUALA LUMPUR: There is a need to reform or modernise Malaysia’s tax framework to fit the nation’s requirements, according to a prominent tax advocate Dr Veerinderjeet Singh. He said the increasingly complex business transactions, rising cross-border transactions, new ways of doing business, current speed of change and technological developments are factors that contribute to the […]
Sarawak emerges top among Malaysian states in foreign direct investments
MIRI: Sarawak has emerged the top among all the states in Malaysia which brought in the highest amount of foreign direct investments (FDIs), totalling RM15.8 billion this year, for the period of January until September. Quoting on a financial market report on Sarawak’s achievement in attracting FDIs for that nine-month period, Chief Minister Datuk Patinggi Abang […]
Sarawak ranked first as the preferred investment destination
KUCHING: Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said that Sarawak ranked first as the preferred investment destination in Malaysia. This is because investors have confidence in the state government led by Chief Minister Datuk Patinggi Abang Johari Tun Openg. “Despite the Covid-19 pandemic, in the third quarter this year Sarawak has received […]
World Bank expects Covid-19 to have impact on Malaysian GDP
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is projected to contract by 0.1 per cent to 4.6 per cent this year amid negative impact brought by Covid-19, according to the World Bank. Its senior economist, finance, competitiveness, and innovation global practice, Smita Kuriakose, said the impact on Malaysia’ economy was likely to be large looking due to Covid-19’s adverse impact on foreign direct […]
Startups should combine best practices to lure FDIs
KUALA LUMPUR: Startups companies in Asean should combine their best practices and explore collaborations to be more viable in the international market. Deputy Minister of International Trade and Industry Dr Ong Kian Ming said the startups can cooperate to become more diverse in terms of offerings and attract more foreign direct investments (FDIs) to Southeast […]
