KUALA LUMPUR: Malaysia faces the possibility of incurring US$12.2 billion (about RM49 billion) in economic losses, which is 4% of its Gross Domestic Product (GDP) of US$296 billion, due to cybersecurity incidents. Based on a study by Microsoft and US consulting firm Frost & Sullivan, a large organisation in the country could incur losses of […]
Read MoreKUALA LUMPUR: Affin Hwang Research says Malaysian rubber glove manufacturers could benefit from the trade spat between the US and China as a tariff is being imposed on rubber/plastic gloves from China. The research house noted that the gloves are on the US$200bil list of Chinese goods that will be subject to a 10% import […]
Read MoreKUALA LUMPUR: The growth rate of Malaysia’s gross domestic product (GDP) could fall to below 4% in 2019 if the United States and China continue to hike tariffs on a wider range of imports from each other. Socio-Economic Research Centre (SERC) executive director Lee Heng Guie cautioned that Malaysia’s economic performance could be “substantially affected” […]
Read MoreKUALA LUMPUR, July 9 (Reuters) – Malaysia’s central bank is expected to leave its benchmark interest rate unchanged at a meeting on Wednesday, as growth remains firm and a short-term dip in inflation is expected after the new government removed a much-maligned consumption tax. All 10 economists polled by Reuters forecast that Bank Negara Malaysia […]
Read MoreHANGZHOU: The review of China-related projects in Malaysia has not faltered e-commerce giant Alibaba Group’s plans to continue to invigorate investments in Malaysia. Alibaba Group Malaysia chief representative James Song said as a commercial company it will be investing a lot in Malaysia, insisting the group pays a lot of attention to Malaysia-China bilateral relations. […]
Read MorePETALING JAYA: At least two in five Malaysian employees (43%) feel their jobs are at risk due to an increasingly digital economy, according to Workday, an enterprise cloud applications company for finance and human resources. In a study conducted by Workday and global market intelligence firm, IDC, titled “The Drive for the Digitally-enabled Workforce”, it was […]
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