PETALING JAYA: With some Japanese multinational corporations (MNCs) looking beyond Singapore to base their regional headquarters due to the rising cost there, Malaysia has what it takes to position itself as a viable destination, say economists. Sunway University economics professor Dr Yeah Kim Leng said Malaysia’s investment promotion efforts and its rising competitiveness in attracting multinationals...
KLANG: Selangor Ruler Sultan Sharafuddin Idris Shah has commended Goodyear Malaysia for its 52 years of contribution to Selangor as well as the Malaysian economy and automotive sector. In a post on the Selangor Royal Office Facebook Timeline, it is said that Goodyear was the first tyre brand used in the Proton Saga when it first...
BATU GAJAH: A company that was supposed to invest in MYAirline Sdn Bhd has pulled out from the deal, says Anthony Loke. The Transport Minister said the ministry received a letter from the company on Wednesday (Feb 28) stating that they would not be continuing with their intention of investing in the airline and that they...
IPOH: The new Cabinet line-up gives "added value" to the unity government's administration, says Rafizi Ramli. The Economy Minister, who retained his position, advised elected politicians to adopt a positive mindset. "Ministers like me focus on our duties and if we retained our position, it showed that we have added value to the government,” he told reporters...
ISKANDAR PUTERI: Johor hopes that the agreement for the Johor-Singapore Special Economic Zone (SEZ) could be inked within six months after the signing of the memorandum of understanding (MOU) in January. Johor Mentri Besar Datuk Onn Hafiz Ghazi said that Malaysia and Singapore are expected to sign a MOU for the Johor-Singapore SEZ on Jan 11...
KUALA LUMPUR: The low unemployment rate of 3.5% in the first quarter of this year reflects a recovery in the economy that was marred by uncertainties in the previous years, says V Sivakumar. The Human Resource Minister said that reports by the Statistics Department (DOSM) showed that the unemployment rate had declined from 4.1% during the...
KUALA LUMPUR: Malaysia stands by its forecast for the country's gross domestic product (GDP) at between 4% and 5% in 2023, says Deputy Finance Minister I Datuk Seri Ahmad Maslan. "We respect the World Bank's analysis. But we will keep our forecast at around 4% to 5%, as there has been no change in terms of...
KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) expects approved investments to record stronger growth in the second half of 2023 (2H2023), on track to hit its annual target, after achieving RM132.6bil worth of approved investments in the first half of 2023 (1H2023). "I am pleased with our achievement in 1H2023, securing RM132.6bil, representing 60.3%...
PETALING JAYA: Restaurant owners are looking at raising the price of their rice dishes as the cost of imported rice goes up by 36%, driven by factors including climate change and conflicts. “We will be left with no choice but to pass the extra cost to our customers. We can expect to see the price of...
SHAH ALAM: Selangor Mentri Besar Datuk Amirudin Shari will seek Prime Minister Datuk Seri Anwar Ibrahim's opinion before announcing the portfolios for his exco line-up. Speaking to reporters after a gathering with the state's civil servants on Tuesday (Aug 22), Amirudin said the portfolios would be announced and allocated accordingly the following day. Asked if there would...
