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Malaysia: Labour shortage, weaker ringgit among challenges faced by construction industry this year, say experts

KUALA LUMPUR, Dec 7 — A labour shortage, as well as rising raw material costs and interest rates amid the weaker ringgit have continued to weigh on the local construction sector despite the economy rebounding post-pandemic. Construction Industry Development Board (CIDB) Malaysia chief executive Datuk Ahmad Asri Abdul Hamid said the series of overnight policy […]

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Malaysia to lose out if deal withdrawn

PETALING JAYA: Withdrawing from the Comprehensive & Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement would be harmful to Malaysia’s international reputation and trading interests, says the Institute for Democracy and Economic Affairs (Ideas). Ideas chief executive officer Tricia Yeoh stated for the country to back out of the trade agreement will not only deprive […]

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87% of Malaysia consumers want a better online experience from banking services providers – Capco Bank of the Future survey

Three-quarters (74%) of respondents would find an app that gave better visibility of all their financial products and provided personalized insights ‘very’ or ‘extremely’ attractive KUALA LUMPUR, Malaysia, Dec. 2, 2022 /PRNewswire/ — Confidence in digital banking is rising in Malaysia but consumers want a better online experience and more personalized offerings, according to the new Asia-Pacific focused Bank of the Future survey […]

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Malaysia: FMM sees dip in manufacturing in Q1 2023

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) expects the local manufacturing sector to experience a downturn in the first quarter of next year (1Q23) due to global uncertainties. In light of the potential slowdown, FMM president Tan Sri Soh Thian Lai said the order books of companies might see lower growth. “Businesses are lowering […]

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