Services sector reform crucial for Malaysia
KUALA LUMPUR: It is crucial for Malaysia to reform its services sector in order to achieve advanced services and innovations for its future economic growth post Covid-19, said Dr Aaditya Mattoo, chief economist of the East Asia and Pacific Region of the World Bank. He is of the view that some restrictions imposed by the […]
Trade, tourism office in Brunei
KUCHING: The Sarawak government is looking forward to a meeting with the Brunei government and its prime minister to further discuss the setting up of a trade and tourism office in Brunei. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the state had already decided to set up the office in Brunei similar to […]
Pick-up in crude oil prices, global chip shortage to drive Malaysia exports
KUALA LUMPUR: The pick-up in oil prices and the global shortage of semiconductors will drive exports for Malaysia’s key sectors in the coming months, said Moody’s Analytics. Economist Denise Cheok said despite the country has extended its movement control order (MCO) in its most economically active states of Selangor, Kuala Lumpur, Johor and Penang until […]
June 2020 trade up, movement restrictions eases
KUALA LUMPUR: The gradual lifting of movement restrictions due to Covid-19 in Malaysia has resulted in an improvement in total trade in June 2020 to RM144.84 billion, up 2.2 per cent from June 2019. Deputy International Trade and Industry Minister Datuk Lim Ban Hong said his ministry has been actively promoting the use of digital […]
Penjana reignites growth of trade, industrial, manufacturing sectors
MELAKA: The National Economic Recovery Plan (Penjana) is a sustainable economic stimulus package aimed at reigniting the growth of the country’s trade, industrial and manufacturing sectors that have been battered by Covid-19. Deputy International Trade and Industry Minister Datuk Lim Ban Hong said small and medium enterprises or entrepreneurs were expected to gain various benefits […]
Higher Education Ministry offers post Covid-19 research grants
PUTRAJAYA: Lecturers at public universities and private institutions of higher learning are invited to bid for the Higher Education Ministry’s (KPT) special grants to conduct research on critical areas that are in close association with the community in dealing with the aftermath of the Covid-19 pandemic. KPT, in a statement issued today, said at least RM20,000 would […]
Opportunities in cross-border trade
LAWAS: The relocation of Indonesia’s capital from Jakarta to Kalimantan will open up vast opportunities for Sarawak in terms of cross-border trade. Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said this is because the proposed location for the new capital was not far from Lawas or Baram area. “If we look at Limbang […]
Ringgit expected to trade higher against US dollar
KUALA LUMPUR: The ringgit is expected to trade higher against the US dollar next week on positive USChina trade deal development, a dealer said. AxiTrader chief Asia market strategist Stephen Innes said the outlook for the ringgit remained positive as trade risk had abated and with the expectation of a weaker US dollar in 2020. […]
Gold futures expected to trade cautiously
KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week on cautious sentiment, according to Phillip Futures Sdn Bhd dealer Stephen Lou Yoke Lim. “Investors remain cautious on prevailing economic and political uncertainties, with doubts on the US-China trade deal,” he told Bernama. For the week just ended, gold […]
M’sia Oct trade surplus up 2.8 pct
KUALA LUMPUR: Malaysia’s trade surplus in October 2019 rose 2.8 percent to RM17.33 billion, compared with RM16.85 billion registered in October 2018, the 264th consecutive months of trade surplus since November 1997. In a statement yesterday, the International Trade and Industry Ministry (MITI) said total trade decreased by 7.6 percent year-onyear (y-o-y) to RM163.86 billion; […]
