KUALA LUMPUR: The Covid-19 pandemic has provided Malaysia with an opportunity to reset and build stronger fundamentals on multiple fronts, says Bank Negara. Governor Datuk Nor Shamsiah Mohd Yunus (pic) said it was timely for the country to embark on reforms that emphasised on innovation-led growth. “The ‘3Ds’ of reforms which are accelerating digitalisation, rethinking […]
Read MoreMany sugar mills have had to shut down because they cannot compete with imports. After ATIGA (ASEAN Trade in Goods Agreement) took effect, the tariff on sugar imports to Vietnam was slashed from 85 percent to 5 percent. As a result, while domestic output was in excess, Vietnam still had a trade deficit of 884,285 […]
Read MoreSINGAPORE, April 1 — Singapore has eclipsed London to take top spot in a biennial study that ranks the top 50 smart city governments in the world. The Republic took the honours due to factors such as its technology infrastructure, digital initiatives and its “sterling” response to the Covid-19 pandemic. However, the authors of the […]
Read MoreBANGKOK: A perfect storm is engulfing Thailand’s baht and the one group of people who can save it are stuck in lockdown, thousands of kilometers from the arrival lounges of Bangkok, Phuket and Chiang Mai. A current-account deficit, resurgent US dollar and the seasonal repatriation of dividends by Japanese investors have all helped made the […]
Read MoreAt present, the level of efficiency in SOEs operation still remain modest and disproportionate to the amount of state capital under their disposal. The lack of autonomy is restricting state-owned enterprises (SOEs) from embarking on innovation and supporting startups. Deputy Director General of the Enterprise Development Agency under the Ministry of Planning and Investment Nguyen […]
Read MoreKUALA LUMPUR: Gas Malaysia Bhd has been directed to implement the new average base tariff for the utilisation of the natural gas distribution system (NGDS) under the Incentive-Based Regulation (IBR) framework. In a filing with Bursa Malaysia, Gas Malaysia said the directive was issued via a letter from the Energy Commission dated March 31. “With the adjustment […]
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