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Guan Eng: M’sia on course for healthy Q2 GDP growth

April’s better-than expected trade performance is suggesting a healthy second quarter GDP (gross domestic product) growth, says Finance Minister Lim Guan Eng.In a statement yesterday, Lim said Malaysia’s 4.4% year-on-year (y-o-y) increase in imports to RM74.3bil in April versus Bloomberg’s market consensus survey of a 0.3% contraction, is “important”. “Imports reflect domestic demand, and its …

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MDEC to attract RM5bil in FDIs

The Malaysia Digital Economy Corp (MDEC) is at various stages of discussions to bring about an initial RM5bil of foreign direct investments (FDIs) as the country positions itself to be a data, analytics and artificial intelligence (AI) centre for the region. “In the first five months of this year alone, we have made several business …

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Asia Pacific leads digital commerce trend

With the rapid spread of mobile technology in Asia Pacific, the region is expected to take the lead in shaping digital commerce trends over the next few years. A recent report by Euromonitor International found that the region accounted for 41% of global spending in digital commerce in 2018. The segment is expected to grow …

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