Malaysia has been ranked 32nd in the 2022 International Institute for Management Development (IMD) World Competitiveness Ranking (WCR), down by seven positions from the 25th spot in 2021. In a statement, the IMD said Thailand (33rd from 28th) and Indonesia (44th from 37th) also tumbled down their rankings, respectively, driven by the slow re-opening of …

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Johor’s manufacturing sector recorded an investment value of RM2.237 billion from January to March this year. State Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han said the value of investments in the services sector for the same period was RM23 million. “This value shows an increased rate of almost 30% when compared to …

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The 26th International Machine Tools, Metalworking & Automation Technology Hybrid Exhibition 2022 (Metaltech & Automex 2022) will continue to support the government’s goal to develop Malaysia’s machinery and equipment industry to ensure sustainable growth. International Trade and Industry (MITI) deputy minister Datuk Lim Ban Hong said as one of the most innovative sectors in the …

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Employees in the country who want to work on a flexible basis can apply for Flexible Working Arrangements (FWA) with their respective employers under the amendment to the Employment Act 1955 which will come into force on September 1. Deputy Minister of Human Resources Datuk Awang Hashim said the FWA application must be made in …

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Foreign investment into Malaysia recorded net inflows of RM48.1 billion in 2021 compared to RM13.3 billion in the previous year, while investment abroad registered RM19.7 billion versus RM10.2 billion in 2020. As at the end of 2021, foreign direct investment (FDI) position registered a higher value of RM788.8 billion, said the Department of Statistics Malaysia …

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