BANDAR SERI BEGAWAN, Sept 14 (Borneo Bulletin/ANN): There has been a 78.4 per cent drop in the number of Brunei visitors to Malaysia in the first six months of this year with 135,593 people travelling to the neighbouring nation from January to June 2020, compared to 627,112 in the same period last year, Tourism Malaysia […]
Read MoreKUALA LUMPUR: Malaysia is keeping pace with Southeast Asia’s digital transformation by recording the highest percentage of digital consumers with 83 per cent of its population (aged 15 years and above), based on a study titled “Digital Consumers of Tomorrow, Here Today” conducted by Facebook and Bain & Company. The study said almost 70 per […]
Read MoreKUALA LUMPUR: Malaysia’s industrial output expanded by 1.2% from a year ago, exceeding a Bloomberg survey of 1%, as the growth was underpinned by the manufacturing sector. The Statistics Department said on Friday the Industrial Production Index (IPI) returned to positive growth since February 2020 from a year ago. Chief Statistician Datuk Seri Dr Mohd […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at its historical low of 1.75%. In a statement issued on Thursday, it said the cumulative 125 basis points reduction in the OPR this year will continue to provide stimulus to the economy. “Given the outlook for growth […]
Read MoreKUALA LUMPUR, Sept 9 — The early economic indicators for July have shown that the nation’s economy is improving, said Deputy Finance Minister II Mohd Shahar Abdullah. He said exports have increased by 3.1 per cent year-on-year, while sales of passenger cars and commercial vehicles also rose by 27.3 per cent and 44.8 per cent, respectively, during the month, compared to […]
Read MoreThe agreement that Cambodia signed on double-taxation avoidance (DTA) with Malaysia on Sept 3, 2019, during the visit of Malaysian Prime Minister Tun Dr Mahathir Mohamad to Phnom Penh has been finally ratified by Malaysia. Under the DTA, double taxation will be avoided in that any tax paid in Cambodia by Malaysian companies in accordance […]
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