Bank Negara Malaysia wishes to announce further liberalisation of the foreign exchange administration (FEA) policy aimed at providing greater flexibility and efficiency for businesses to better manage their foreign exchange (FX) risk and conduct their daily operations. Hedging flexibility i. Residents can hedge their foreign currency current account obligations up to their underlying tenure Flexibility …

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The Global Innovation Index 2019 (GII 2019), collated by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO), has ranked the Netherlands amongst the global leaders in innovation. The report mentions that even in economic slower times, innovation still thrives. “In developed and developing economies alike, formal innovation—as measured by research and development (R&D) and patents—and …

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The Ministry of International Trade Industry (MITI) is optimistic of Malaysia’s aerospace industry growing between 10 to 15 per cent year-on-year. Its Minister Datuk Darell Leiking (pix) said this is due to an increase in manufacturing activities, mainly in the aerostructure and engine components, as well as the maintenance, repair and overhaul (MRO), which includes …

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Malaysia’s economy is expected to continue to grow in the September-November period. According to the Department of Statistsics, the Leading Index (LI) which monitors the economic direction in an average of four to six months ahead, posted 117.9 points in May 2019 from 119.9 points in the previous month. “This reflected a monthly negative growth …

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Malaysia’s timber exports hit RM9.1 billion for the January-May period this year, a 2.3% increase from RM8.9 billion recorded in the corresponding period last year. Primary Industries Minister Teresa Kok is hopeful that the timber industry’s performance this year will be able to exceed that of 2018. In 2018, the timber industry recorded RM22.3 billion …

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