NIMP 2030 Succeeds In Raising Value Added, Jobs, Median Salary In Manufacturing Sector
The Investment, Trade and Industry Ministry (MITI) is confident of achieving the first-year targets of the New Industrial Master Plan 2030 (NIMP 2030), having already fulfilled three of the main indicators set, according to its Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
Read more here.
SMEs To Have Minimal Impact From Minimum Wages Increment
The raising of the minimum wage to RM1,700 as proposed by the government during the tabling of Budget 2025 last Friday will have minimal impact on the small and medium enterprises (SMEs) industry.
Read more here.
Malaysia To Become ASEAN Automotive Hub With New Centre Of Excellence
Dassault Systèmes, the Malaysia Automotive, Robotics and IoT Institute (MARii), and Feiran Technology have announced a strategic partnership aimed at transforming Malaysia into a leading automotive hub in the ASEAN region. The three parties signed a Memorandum of Understanding (MoU) to drive innovation and growth in the automotive sector, aligning advanced technology, industry expertise, and education to ensure sustainable competitiveness on the global stage.
Read more here.
ParkCity Medical Centre’s Empowers The Community With Breast Cancer Awareness And Sustainable Impact
ParkCity Medical Centre’s “Pink of Health” event gathered the community for a day of awareness, education, and empowerment, focusing on holistic breast cancer care and sustainability. As Malaysia continues to see an increase in breast cancer cases, with 50.5% diagnosed at late stages (stage 3 & 4, Malaysian National Cancer Registry Report 2017-2021), the need for early detection and community support has never been more urgent.
Read more here.
Construction Sector Remains Strong Despite Budget 2025 Foreign Workers Initiatives
The construction sector is expected to manage the impact of Malaysia’s latest labour reforms, with RHB Investment Bank Bhd (RHB Research) maintaining an OVERWEIGHT rating on the industry.
Read more here.
Labour Reforms Pose Challenges For Plantation Sector
The plantation sector is expected to face challenges due to the adverse effects of higher export taxes, minimum wage increases, potential Employees Provident Fund (EPF) contributions for foreign workers and a new multi-tiered foreign worker levy.
Read more here.
Analyst Remains Positive On Property Sector Amid Major Initiatives Exclusion
Despite the mild reception of the budget by the property sector, Maybank Investment Bank Bhd (Maybank IB) has maintained a POSITIVE rating in the sector.
Read more here.
China Cuts Key Lending Rates To Boost Growth
China cut benchmark lending rates as anticipated at the monthly fixing on Monday (Oct 21), following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy.
Read more here.
South Korea Aims To Generate US$681 Million From Biggest Tech Expo
Already well known globally as a technological innovator and semiconductor hub, South Korea is now gearing up to showcase its world class capability and future advancement in technology at the FIX 2024, the country’s largest technology event, where the latest advancements in mobility, robotics, and ABB (AI, Big Data, Blockchain) will be unveiled. Running under the theme “Better Tech, Better Future,” the event will host 463 companies and feature 2,071 booths displaying cutting-edge innovations.
Read more here.
Should Malaysian’s Worry About Country’s Debt
Public debt has become a central issue in discussions about Malaysia’s financial health, especially with the recent budget announcements by the government. The increasing national debt is prompting questions about its long-term impact, particularly on future generations. However, as with all fiscal policies, the answer isn’t always clear-cut. Debt can be both an asset and a burden.
Read more here.