KUALA LUMPUR: The inflation rate in February rose at a slower pace of 1.4% from a year ago, which was much better than a Bloomberg survey of a 1.9% increase. The Statistics Department said on Wednesday the consumer price index (CPI) was impacted by a slower increase in the food and non-alcoholic beverages and a […]
Read MoreBEIJING/SINGAPORE: Alibaba Group Holding Ltd said it will invest an extra US$2 billion in Southeast Asian e-commerce firm Lazada Group, which operates in Malaysia, and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region. Launched in 2012, Lazada operates […]
Read MoreKUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) sees the headline inflation rate to ease markedly to 1.8% in February 2018, following two consecutive months of decline. In January, headline inflation fell to 2.7% and to 3.5% in December 2017. “The lower inflation in February is primarily attributed to negative growth contribution from transport fuel […]
Read MoreTHE Ministry of Finance is conducting a detailed study on the proposed taxation on giant technology companies and social media such as Google and Facebook. Second Finance Minister Datuk Seri Johari Abdul Ghani said the matter was out of necessity, as well as to seek the best taxation mechanism and model. “It is also aimed […]
Read MorePETALING JAYA: The impending general election is contributing to the slowdown in the retail sector. The second quarter is seasonally a tough period for the sector as it comes after the Chinese New Year celebrations. Malaysian Association for Shopping and High-Rise Complex Management past president Richard Chan said that people were holding back on their […]
Read MoreInvestments into mega trends can put Malaysia on a stronger footing THE Malaysian startup ecosystem has been taking shape in recent years. Government agencies have been set up to build and support the ecosystem, funds have been allocated to help startups get off the ground and entrepreneurs are increasingly more bold to start their own […]
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