Search

Malaysia’s data traffic to grow ten per cent by 2025

KUALA LUMPUR: The local data traffic in Malaysia is expected to grow from five to 10 per cent year-to-year until 2025. Park Place Technologies regional sales director Xavier Surentherathas said this is based on the projection that Malaysia’s data centre market is expected to reach revenues of over $800 million (RM3.3 billion) by 2025. “This […]

GDP expected to grow 6.3 -7.5 pct next year

KUALA LUMPUR: International agencies have forecasted that Malaysia’s gross domestic product (GDP) in 2021 will be in the range of 6.3 per cent to 7.5 per cent, says Tengku Datuk Seri Zafrul Abdul Aziz. The Finance Minister said the projections are subject to Malaysia’s continued success in managing Covid-19, as well as in steering and […]

Economy likely to continue growing

KUCHING: Leading Index (LI) hints the economy is likely to continue growing in the near term according to the Department of Statistics’ newly released Malaysian Economic Indicators: Leading, Coincident, and Lagging Indexes for December 2019. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said based on the data for the month of December 2019 […]

Samalaju Port handles 4.940 mln tonnes of cargoes

KUCHING: Samalaju Port handled 4.940 million tonnes of cargo last year, an increase of 17 per cent compared to 4.221 million tonnes in 2018. Bintulu Port Holding Berhad group chief executive officer Datuk Mohammad Medan Abdullah said the major contributor to this positive trend was the handling of Alumina Oxide, Silica Quartz and also Coke. […]

Govt determined to drive digital economy growth

PUTRAJAYA: The government is determined to drive the development of digital economy to boost the nation’s economic growth, said Finance Minister Lim Guan Eng. He said the digital economy could also attract investors and encourage human capital development as well as research. “Malaysia’s transformation towards digital economy could only be realised if the people immerse […]