by Teuvo Tuomi | Mar 5, 2024 | Malaysia, Economy, News
The Malaysian ringgit is likely to stay weak in the first six months of 2024 as the country grapples with China’s weak economy, a strong US dollar, and delayed economic reforms at home. But finally, the currency seems to have bottomed out, analysts say. On 20...
by Teuvo Tuomi | Jan 5, 2024 | Economy, Malaysia, News
Malaysia’s new sales tax on cheap items bought online from overseas merchants has drawn mixed reactions, with local sellers saying they welcomed the fairer competition while others raised concerns that the higher prices would burden the poor. Malaysia began imposing a...
by Teuvo Tuomi | Dec 29, 2023 | Economy, Malaysia, News
The rebound in demand for tech products could help Malaysia’s trade grow in 2024. However, risks of an economic slowdown in the United States and China could result in uneven demand, according to economists. The Statistics Department yesterday revealed Malaysia’s...
by Teuvo Tuomi | Dec 21, 2023 | Malaysia, Economy, News
Malaysia’s economy is expected to improve, with gross domestic product (GDP) growing by 4.5-5.5% in 2024 from an estimated 4% this year, according to RAM Rating Services Bhd (RAM Ratings). The economy is expected to benefit from a potential turnaround in external...
by Teuvo Tuomi | Dec 3, 2023 | ASEAN, Finland, Indonesia, Malaysia, Singapore, Technology, Thailand
Singapore has been in the top five of the IMD World Digital Competitiveness Ranking for several years, ending up third this year. The island nation excels in technology and the regulatory, capital, and technological frameworks. Finland was once again placed among the...
