By Charles F Moreira, Editor Two Malaysian medical rubber glove makers have had imports of their gloves into the United States either denied or seized at US Customs and Border Protection (CBP) officials at US ports within the past two years based upon allegations they their gloves were produced using forced labour. On top of […]
Malaysia’s traders anticipated a sales boom before Chinese New Year, but the MCO has dented their hopes
Traders in Kuala Lumpur and beyond who were anticipating a busy season in the lead up to Chinese New Year are now bracing themselves for potential losses, after the government again enforced a Movement Control Order (MCO) in almost all states to tackle a soaring number of COVID-19 cases. When CNA visited the thoroughfare of Petaling Street… […]
Malaysia doubles Pfizer COVID vaccine order as it locks down anew
Malaysia has committed to purchasing an additional 12.2 million doses of the Pfizer-BioNTech COVID-19 vaccine — on top of 12.8 million doses already lined up — as surging infections force a reintroduction of tight restrictions in some areas. The procurement deal will give Malaysia enough Pfizer shots to inoculate about 39% of its population, the […]
30% of Malaysians expected to be vaccinated against COVID-19 next year: PM Muhyiddin
A total of 9.6 million people or 30 per cent of Malaysia’s population are expected to be vaccinated against COVID-19 next year, Prime Minister Muhyiddin Yassin said on Saturday (Nov 28). He noted that the government has signed two agreements for the procurement of COVID-19 vaccines… To read more: https://www.channelnewsasia.com/news/asia/covid-19-malaysia-vaccine-30-per-cent-population-muhyiddin-13657684 SOURCEl CNA
Budget 2021 – SME highlights
In Budget 2020, various initiatives were introduced to boost digitalization and automation in the SME sector as part of the 11th Malaysia Plan to expedite economic growth. However, the adoption rate was relatively low as they were viewed as optional to businesses at the time. After the COVID-19 pandemic hit Malaysia, the initiatives were further […]
Commentary: Malaysia goes slow on COVID-19 reopening for good reason
Four months have passed since I first highlighted the underappreciated success of Malaysia’s COVID-19 response. During that time – which includes the tail end of the first movement control order (MCO) – only 25 deaths and around 3,300 infections were recorded… To read more: https://www.channelnewsasia.com/news/commentary/malaysia-movement-control-order-mco-lifting-recovery-restriction-13071162 SOURCE: CNA
Japan’s Terra Drone Sets Up in Malaysia
Terra Drone Corporation (TDJP), a Tokyo-based technology company and one of the global leaders in the Unmanned Aerial Vehicles (UAV) total solutions provider and enabler, is now officially in Malaysia. Based in Technology Park Malaysia, TDMY will be providing drone survey, inspection and industrial services for multiple industries such as Oil & Gas, Telecommunications, Power, […]
Malaysia’s Short-term Economic Recovery Plan
By Amarjeet Singh, EY Asean and Malaysia Tax Leader On 5 June 2020, the Prime Minister unveiled the RM35 billion Short-Term Economic Recovery Plan (“Plan”). This Plan was unveiled against the backdrop of a pessimistic global economic outlook and a steep decline in Malaysia’s economic growth projections for 2020, from 4.8% to -2% to 0.5%. […]
India resumes purchases of Malaysian palm oil
Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said. Read more at:https://economictimes.indiatimes.com/news/economy/foreign-trade/india-resumes-purchases-of-malaysian-palm-oil-traders/articleshow/75821854.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
CPO PRICES PERK UP AFTER POSSIBLE END OF SAFEGUARD DUTY
By Charles F. Moreira, Editor Crude Palm Oil (CPO) prices listed by the Malaysian Palm Oil Board (MPOB) perked up to RM2,432.00 per tonne on 4 March 2020, after having trended steadily downwards to low of RM2,377.50 the day before. Also, prices per tonne of oil palm fresh fruit bunches (FFB) which had been trending […]