by Teuvo Tuomi | Apr 24, 2024 | ASEAN, Business, Malaysia, Research, Vietnam
According to a study by Business Name Generator, Malaysia is the best Southeast Asian location to start a business. The country claimed the 10th spot globally in the analysis of 52 countries. It has a predicted economic GDP growth of 4.3% and the lowest monthly living...
by Teuvo Tuomi | Apr 18, 2024 | News, Economy, Energy, Malaysia
The plan to remove blanket fuel subsidies this year is on track, Malaysian Economy Minister Rafizi Ramli says. The move is to reduce the national fiscal deficit. Last year, Rafizi announced the targeted RON95 subsidy program in the second half of 2024 to optimize its...
by Teuvo Tuomi | Mar 26, 2024 | Malaysia, Entertainment, Lifestyle, Society
Malaysia lost more than 1 billion ringgit (about 210 million USD) in potential entertainment tourism receipts in 2023, after concerts were scrapped amid stringent government rules and protests from religious groups. Four concerts were scrapped in 2023, up from the two...
by Teuvo Tuomi | Mar 18, 2024 | ASEAN, Malaysia, News, Travel
The Malaysian Aviation Commission (Mavcom) has announced that all travelers departing from Kuala Lumpur International Airport 1 (KLIA1) will have to pay RM73 (S$21) from 1 June. Currently, those leaving for other ASEAN countries are charged RM35, while those going to...
by Teuvo Tuomi | Mar 17, 2024 | Malaysia, ASEAN, Business, Indonesia, Philippines, Society, Southeast Asia, Thailand
The Philippines has the highest number of women in senior management positions in the world, 43%, according to a recent Grant Thornton survey. Filipino companies have consistently ranked near the top in the surveys, including second in 2023, fourth in 2022, and first...
by Teuvo Tuomi | Mar 16, 2024 | Malaysia, Economy, Food & Drinks, Trade
Malaysia maintains its export tax for crude palm oil at 8% for April and raised its reference price, the Malaysian Palm Oil Board confirms. The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-ton range. The maximum tax rate is set...
