Category Archives: Business

CPPC: Sarawak to sell durian paste directly to China by November

SERIAN, The Tarat Collection, Processing and Packaging Centre (CPPC) here will allow Sarawak to export durian paste directly to China once it is operational this November, said Deputy Chief Minister Datuk Amar Douglas Uggah.Uggah who is also Sarawak's ...

GDP growth indication of economic recovery – Chong

KUCHING, The strong 4.9 per cent Gross Domestic Product (GDP) growth in the second quarter of 2019 (Q2 2019) is an indication that the country's economy is on the right direction and on the path to recovery, said Sarawak Pakatan

Smart farming policy can modernise Malaysia’s agricultural landscape – Mohamed Azmin

KUALA LUMPUR, The government will announce a new policy on smart farming in the near future, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.Mohamed Azmin said the adoption new technology including robotics would further boost the Malaysian...

Ringgit depreciates 1.5 pct in Q2 on NR portfolio outflows

KUALA LUMPUR, The ringgit depreciated 1.5 per cent in the second quarter against the US dollar in tandem with regional peers amid global and domestic uncertainties.Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus said the depreciation of rin...

Malaysia’s external debt remains manageable

KUALA LUMPUR, Malaysia's external debt, which stood at RM931.1 billion or 61.3 per cent of Gross Domestic Product (GDP) as at end-June this year, remains manageable.Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus said the debt remained mana...

DRIVE: Auto Fair 2019 offer visitors chance to win luxury holiday

SHAH ALAM, Visitors to the DRIVE: Auto Fair 2019 exhibition at the Setia City Convention Centre here stand a chance to win a luxury holiday abroad, as well as various items and gadgets via its daily lucky draw sessions.Hosted by

Netflix partners with WEF Digital ASEAN to further develop 4.0 IR

KUALA LUMPUR, Netflix has pledged to work with the World Economic Forum's (WEF) Digital ASEAN working group to help people and governments in Southeast Asia develop creative and digital skills and capabilities for the Fourth Industrial Revolution (4.0 ...

Trade tensions to weigh on Malaysias export growth by -0.5 To -0.8 ppt: BNM

KUALA LUMPUR, The ongoing trade disputes between the United States and China are projected to weigh on Malaysia's 2019 baseline gross export growth by -0.5 to -0.8 percentage point (ppt) , said Bank Negara Malaysia (BNM).The central bank said the

12MP: Kuantan has the potential to be transport, logistics hubs

KUANTAN, The capital of Pahang, Kuantan has the potential to be developed as a transportation and logistics hubs under the 12th Malaysia Plan (12MP) 2021-2025, according to a statement by the Ministry of Economic Affairs.The potential of Kuantan Port a...

Q2 GDP highest in 5 quarters, surprises market — Analysts

KUALA LUMPUR, Malaysia's gross domestic product (GDP), which expanded 4.9 per cent year-on-year (y-o-y) for the second quarter of 2019 (Q2 2019), is seen as a surprise to the market, as it not only beat most analysts' expectations but was