DEPUTY International Trade and Industry Minister Dr Ong Kian Ming sat down with StarBiz to speak on a number of issues pertaining to international trade and manufacturing in Malaysia. Below are excerpts from the interview with MERGAWATI ZULFAKAR and JAGDEV SINGH SIDHU. Neighbours are attracting quality investment – ie Dyson going to Singapore. What is Malaysia doing to attract more […]
Read MorePETALING JAYA: The Ministry of International Trade and Industry (Miti) will announce a trade policy and roll out Industry 4.0 initiatives to drive the manufacturing sector and economic growth. The ministry will also consolidate incentives dished out by various investment promotion agencies under a single body to harmonise the various goodies given to industries to establish operations in the country. […]
Read MoreKUALA LUMPUR: Private consumption growth was likely in “sharp correction” last quarter, with effects continuing in 1Q and 2Q this year, Fitch Solutions Macro Research says in report. Consumption will be supported by RM37bil one-time payment of tax refunds in 2019, tight labour market and low inflation. Fitch lowered real GDP growth forecast to 4.2% […]
Read MoreKUALA LUMPUR: Real wages in Malaysia are expected to grow by 3.6 per cent in 2019, a slight increase from 3.5 per cent predicted last year, adjusted for an inflation rate of 1.4 per cent, according to the Korn Ferry 2019 Salary Forecast. The forecast issued on Thursday said all sectors surveyed are expected to see an increase in median […]
Read MorePETALING JAYA: The Malaysian automotive sector is expected to shift into lower gear in 2019 as total vehicle sales are projected to be flattish, marking a sharp reversal from last year’s stronger-than-expected sales performance. Anticipating a meagre 0.21% growth in total industry volume (TIV) for 2019, the Malaysian Automotive Association (MAA) said the Pakatan Harapan […]
Read MorePETALING JAYA: Genting Malaysia Bhd has identified various steps to help it cut some costs in the face of the new gambling taxes, UOB Kay Hian Research said. The research house said the company wanted to defend its margins from these taxes. Some of the steps that have been planned include to have a more prudent way to give incentives […]
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