THE aspirations for the Malaysia Digital Economy Corp (MDEC) is to firmly establish Malaysia as the heart of digital Asean, a regional digital powerhouse and industry trailblazer. In this role, it had launched global champions to lead the Fourth Industrial Revolution (4IR). This includes ensuring the digital economy will drive forward the promise of shared […]
Read MorePETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year. The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global […]
Read MoreKUALA LUMPUR, Sept 19 — The Employees Provident Fund (EPF) recorded a gross investment income of RM15.12 billion for the second quarter (Q2) ended June 30, 2020. The retirement fund said equities contributed 54 per cent, or RM8.11 billion, to total gross income. Fixed income instruments contributed RM6.17 billion while real estate and infrastructure accounted […]
Read More[KUALA LUMPUR] Malaysia’s aim to attract medical tourists by focusing on curbing the coronavirus outbreak hit a roadblock as resurgences around the world limited its ability to reopen borders. Hospitals in the country can expect to earn RM800 million (S$263.1 million) of revenue from medical tourists next year, compared with RM500 million this year, according […]
Read MoreKUALA LUMPUR: Bank of Japan, acting as agent of the Minister of Finance of Japan, and Bank Negara Malaysia had on Friday signed the second bilateral swap arrangement (BSA). In a statement, Bank Negara said this BSA enables both authorities to swap their local currencies (that is yen and ringgit, respectively) for US dollar. The […]
Read MorePETALING JAYA: The ringgit is heading for a strong close against most major currencies at the end of the third quarter, with the local economy showing resilience amidst the pandemic that is continuing to wreak havoc on many countries. On Tuesday, the ringgit was at a seven-month high against the US dollar at 4.133 The […]
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