KUALA LUMPUR, Oct 19 (Bernama) -- The government will continue to stimulate the country's economic activities with focus placed on knowledge-intensive service sectors, accelerating innovation and technology adoption, says Prime Minister Tun Dr Mahathir Mohamad.
KUALA LUMPUR, Oct 18 (Bernama) -- The Malay Consultative Council (MPM) has proposed the introduction of a short-term measure to increase revenue in Budget 2019 by getting more companies, especially small and medium enterprises (SMEs) and mid-level companies, to become eligible corporate taxpayers.
KUALA LUMPUR, Oct 18 (Bernama) – Prime Minister Tun Dr Mahathir Mohamad says the Malaysia External Trade Development Corporation (MATRADE), being the nation’s trade promotion agency, should employ more big data to help local entrepreneurs produce the right kind of goods and services needed by the world.
“Information is what drives the economy. You have more information, the better you are because data is what contributes towards decision-making,” he said in a recent interview with BERNAMA in Kota Kinabalu in conjunction with the impending publication of a commemorative book celebrating MATRADE’s 25th anniversary.
A new United Nations report warns that the potential benefits to developing countries of digital technologies are likely to be lost to a small number of successful first movers who have established digital monopolies.
According to the Trade and Development Report 2018 (TDR 2018), subtitled ‘Power, Platforms and the Free Trade Delusion’, while developing countries need to invest more in digital infrastructure, they must also address the ownership and control of data and their use.
KUALA LUMPUR, Oct 17 (Bernama) -- Based on the State of Households 2018 report released by the Khazanah Research Institute (KRI) on Monday, the income gap between households in the urban and rural areas is quite significant.
The report said that the total household income in most rural areas was lower than the national median of RM5,228, as compared to urban households, which were up to 1.7 times higher.
KUALA LUMPUR Oct 16 (Bernama) -- The Ministry of Entrepreneur Development (MED) is in the midst of reviewing all policies and initiatives regarding the development of entrepreneurs and small and medium enterprises with the intention of making it more holistic, integrated and targeted.
The Minister, Datuk Seri Mohd Redzuan Yusof said, the aim is to create more local entrepreneurs in the marketplace with competitive products and services.
KUALA LUMPUR, Oct 16 (Bernama) -- The Ministry of Entrepreneur Development (MED) is planning a meeting with the Japanese government on a proposal to build an Asian aircraft.
Its Minister, Datuk Seri Mohd Redzuan Yusof said Malaysia would contribute in terms of manufacturing components for the proposed Asian aircraft.
KUALA LUMPUR, Oct 16 (Bernama) -- Sabah aims to increase the contribution of its industrial sector to the state’s Gross Domestic Product (GDP) to 35 per cent in 20 years from 7.5 per cent currently.
State Ministry of Trade and Industry Deputy Permanent Secretary Tseu Kei Yue said growth is expected in several areas, including the resource-based downstream industry, particularly palm oil and oil and gas.
KUALA LUMPUR, Oct 15 (Bernama) -- New Businesses in Malaysia are not innovating, says the State of Household 2018: Different Realities Report by Khazanah Research Institute.
This is despite the average percentage of opportunity-driven firms being five times the average percentage of necessity-driven firms, higher than other advanced economies.
KUALA LUMPUR 15 Okt. - Kementerian Pembangunan Usahawan (MED) melancarkan Pusat Sehenti Keusahawanan (PSK) yang berkonsepkan pusat fizikal sebagai platform penyebaran maklumat mengenai usahawan serta perusahaan kecil dan sederhana (PKS).
Menteri Pembangunan Usahawan, Datuk Seri Mohd. Redzuan Md. Yusof berkata, PSK berperanan sebagai pusat penyimpanan data, mendapatkan maklum balas serta memberi khidmat nasihat kepada usahawan di seluruh negara terutama di Lembah Klang.
KUALA LUMPUR, Oct 14 (Bernama) – As the announcement of the 2019 Budget looms near, experts have mixed views over the government’s plan to introduce new taxes due to various concerns.
The probability of introducing the inheritance tax, digital tax, capital gains tax and soda tax, as well as increasing the sin tax, has been thoroughly weighed by experts in the field as per challenges and effects of the tax implementation on the consumers.
KUALA LUMPUR, Oct 14 (Bernama) -- International Trade and Industry (MITI) Minister, Datuk Darell Leiking will be leading a trade and investment mission to Japan from Oct 14 to 17, and South Korea from Oct 18 to 21, 2018.
In a statement today, the ministry said the mission would comprise officers from MITI, Malaysian Investment Development Authority, Malaysia External Trade Development Corporation, State Governments such as Penang, Melaka and Terengganu, as well as 76 representatives from local companies.
KUALA LUMPUR, Oct 11 (Bernama) – Malaysia’s manufacturing sales recorded a growth of 8.1 per cent, rising to RM70.4 billion in August 2018 from RM65.1 billion reported in the same period last year, says the Department of Statistics Malaysia.
In its publication ‘Monthly Manufacturing Statistics’, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the significant increase in sales value for the month under review was due to the increase in electrical and electronics products (9.3 per cent); petroleum, chemical, rubber and plastics products (7.7 per cent); and transport equipment & other manufactured products (10.1 per cent).
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