KUALA LUMPUR: Malaysia with its comprehensive halal ecosystem wants to position itself as the halal hub in the Asian region, if not the world. “We are ranked No. 1 in terms of the halal economy,” said Malaysia External Trade Development Corp (Matrade) deputy chief executive officer Datuk Wan Latiff Wan Musa. “We have a comprehensive ecosystem […]
Read MoreKUALA LUMPUR: Net inflow into the country stood at RM479.6 million as of Jan 24, surpassing last week’s total net inflow of RM471.3mil while foreign institutional funds turned net buyers pumping in RM293mil versus RM417mil recorded the previous week, say economists. These positive developments suggest that values have emerged among Malaysian stocks at a time […]
Read MorePETALING JAYA: Inflation has remained moderate since the abolition of the goods and services tax last June, despite the sales and service tax being reintroduced. Data from the Statistics Department showed that inflation, measured by the change in the consumer price index (CPI), rose at a slower-than-expected pace of 0.2% year-on-year (y-o-y) last December. The figure was lower than the 0.3% increase […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures hit their highest in nearly five months on Thursday on expectations of falling production. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,297 ringgit ($554.94) a tonne at the close of trade, its fifth straight session of gains. It earlier hit 2,298 ringgit, […]
Read MoreKUALA LUMPUR: Malaysia targets to secure a portion of the US$300 million (US$1= RM4.12) halal market during the 2020 Tokyo Olympics, especially in the food and beverage (F and B) sector. Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof said Japanese companies have expressed deep interest in Malaysia’s F and B, as well as […]
Read MoreIndonesia’s ride hailing Go-Jek is examining whether to operate in Malaysia, co-founder Kevin Aluwi said. The firm, which has launched its services in Singapore, Vietnam, and Thailand in 2018, is examining whether to expand to Malaysia, Aluwi said. Ride-hailing services in Southeast Asia are expected to surge to almost $30 billion by 2025 from $7.7 billion in 2018, according to a Google-Temasek report. It is in […]
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