KUALA LUMPUR: Malaysia’s trade in November 2024 recorded the 11th successive month of year-on-year (YoY) growth, expanding by 2.9% to RM237.85bil. “Exports increased for the second consecutive month, growing by 4.1% to RM126.57bil and imports were higher by 1.6% to RM111.28bil,” the Investment, Trade & Industry Ministry (Miti) said in a statement. The trade surplus in November...
KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) has announced that the suspension of the 80:20 employment ratio requirement for the manufacturing sector will continue until the Multi-Tiered Levy Mechanism (MTLM) is fully implemented. The 80:20 policy refers to the employment condition that mandates a ratio of 80% local workers and 20% foreign workers in...
The appointment of Datuk Mohd Izani Ghani as the new managing director of Malaysia Airports Holdings Berhad (MAHB) signals a new era of transformation. At a time when the aviation industry is navigating both unprecedented challenges and exciting opportunities, Mohd Izani has been tasked to steer MAHB to transform its operations, which includes improving customer experience and overall...
KUALA LUMPUR: Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz expressed confidence in Malaysia's ability to withstand a potential recession in the United States (US), citing the nation's recent economic performance as evidence. Despite rising unemployment in the US, Tengku Zafrul highlighted several positive domestic economic indicators. ALSO READ: Govt vigilant of external factors affecting...
PUTRAJAYA: Malaysia and China have exchanged 14 memorandums of understanding (MOUs) through which both countries will share expertise and best practices, and collaborate in various fields. The exchange of MOUs was witnessed by Prime Minister Datuk Seri Anwar Ibrahim and Chinese Premier Li Qiang during the latter’s three-day official visit to Malaysia. Among the highlights was the...
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) plays an instrumental investment facilitator role in removing obstacles for prospective investors, said Investment, Trade and Industry (MITI) Minister Tengku Datuk Seri Zafrul Abdul Aziz. He noted that MIDA, which was established in 1967, has now transformed into Malaysia’s key investment promotion and marketing agency, a strategic move...
KUALA LUMPUR: The government has no plans to adjust the standard time in Peninsular Malaysia from GMT+8 to GMT+7, says Liew Chin Tong. The Investment, Trade and Industry (Miti) Deputy Minister said such a change in Malaysian Standard Time would only burden the people. "Generally, the one-hour difference between GMT+8 and GMT+7 does not affect daily life....
SAN FRANCISCO: Nasdaq-listed Enovix Corporation, which is an advanced silicon battery company, will invest a total of US$1.2 billion (RM5.8 billion) in Malaysia over a period of 15 years, which includes an RM315 million manufacturing line announced in August. "With more than three decades of personally working closely with the Malaysian government authorities and having successfully...
