Malaysia ranked fourth out of 12 Asia-Pacific economies in terms of market accountability and transparency, according to the recent 2018 CG Watch Report published by the Asian Corporate Governance Association (ACGA) and CLSA. Finance Minister Lim Guan Eng said the ranking was a significant improvement from seventh place in 2016 and Malaysia was the biggest …
World Bank: Malaysia on track to becoming high-income nation
Malaysia is well on its way to cross the threshold into high-income and developed country status in the coming years, said the World Bank. In a statement today, Vice President for East Asia and Pacific Victoria Kwakwa said Malaysia’s economy was well-diversified and stood on solid foundations, which are primed to take the country to …
Largest solar park in Malaysia starts operation
Tenaga Nasional Bhd (TNB) has completed ITS 50MWac solar power project in Sepang, Selangor, the largest solar project in the country. In a statement, TNB said the large scale solar project (LSS) uses 230,000 solar panels installed on 98 hectares of land in Mukim Tanjung 12, Sepang. The project, won in a competitive bidding by …
October exports at record high of RM96b, boost from China
Malaysia’s exports in October surged 17.7% on-year to RM96.38bil, which is a historic high for the country, powered by manufactured goods, with exports to China picking up strongly. The Ministry of International Trade and Industry (MITI) said on Wednesday exports of manufactured goods registered a strong growth of 19.9% on-year to RM80.99bil and accounted for …
Malaysia beats emerging market peers as Asia outshines
Turkey has tumbled to bottom of the emerging-market pile, according to a Bloomberg analysis. Ranked fifth out of 21 nations in a similar study six months ago, the country has slumped on a scorecard that includes metrics ranging from growth prospects to the state of the current account, sovereign credit ratings and stock and bond …