Editor's Picks
As we reach the end of another week (and month), we saw a number of eventful news make it onto BusinessToday. With MCO 2.0 now extended till Feb 4 and cases reaching another high, surpassing the 5,000 mark, it is only a question of what lies ahead and what would be the right move to put a stop to this aggravating problem.
Businesses are getting less hopeful day after day, with more permanent closures making headlines every week. The hospitality sector once again faced a grim reminder that without any effective move to curb the cases and make way for tourism, Hotel Equatorial Penang will not be the last to close down.
So just before you start your weekend, why not refresh the week by reading some of the top news that made it onto the site.
OYO is taking the public stand that the frontliners in the hospitality industry should be given priority for Covid-19 vaccination, after medical frontliners, the elderly and other high-risk groups
All the states covered in the iProperty.com.my Portal Demand Analytics (Kuala Lumpur, Selangor, Penang, and Johor) show similar trend of people are moving out from the city centres and are moving into the outskirts which offer bigger and more affordable units.
Fusion Cloud Supply Chain and Manufacturing (SCM) developer, Oracle has been chosen by Pharmaniaga to enhance the logistics processes for the Covid-19 vaccine distributions in Malaysia. Pharmaniaga will select the Oracle’s SCM as the main drive to execute the distribution process.
Travel and leisure booking platform, Klook has raised US$200 million in additional funding. The Series E round was led by Aspex Management, an investment fund focused on Asia Pacific, in addition to other new investors. Sequoia Capital China, Softbank Vision Fund 1, Matrix Partners China, and Boyu Capital, who are existing investors, also participated in this round of funding.
Selangor Kerjaya Programme aims to propel the economy of the states’ citizens through effective job placement. Candidates will go through profiling assessment and job-matching before the actual job placements take part.
The Ministry of Environment and Water (KASA) has announced impressive gains from the successful 11th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2020), the first virtual edition held in October 2020; solidifying IGEM’s role as South East Asia’s most powerful green technology, business and innovation platform.
The Ministry of Science, Technology, and Innovation (MOSTI) has registered 88 types of technologies that includes Artificial Intelligence (AI), advanced analytics systems, machine learning, blockchain, advanced materials and sensor technology.
The Ministry of Finance Malaysia (MOF) highlighted that Moody’s Investors Service’s affirmed Malaysia’s local and foreign currency long-term issuer at A3 with a stable outlook.
The Malaysia Digital Economy Corporation (MDEC) has launched the Alternative Funding Programme and will partner with 11 crowdfunding operators to help entrepreneurs tide over the economic challenges brought on by Covid-19.
According to the Department of Statistics Malaysia (DOSM), the country’s export value expanded by 10.8 percent from RM86.4 billion in December 2019 to RM95.7 billion in December 2020. The number is the highest export value recorded last year.