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Local industries should move towards digitalisation in new norm, urges deputy minister

Kuala Lumpur, 4 June 2020- Local industries and businesses should turn to digitalisation as a medium in establishing Malaysian brands globally in the “new normal” era. Deputy International Trade and Industry Minister Datuk Lim Ban Hong said it is important for traders and Malaysians to strike an ideal balance between saving lives and income sources amid the country’s …

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Economic Recovery Plan to cushion economy from sharp contraction — Affin Hwang Capital

Kuala Lumpur, 3 June 2020- Affin Hwang Capital expects the upcoming Short-Term Economic Recovery Plan (ERP) to cushion the domestic economy from a sharp contraction. It said the government had previously announced a RM266 billion Economic Stimulus Package (PRIHATIN) to provide short term relief of about three to six months of assistance to support the …

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More than 40 Malaysian brands won the Reader’s Digest Trusted Brands 2020 prestigious awards

Kuala Lumpur, 3 June 2020 – More than 40 Malaysian brands are among winners of the Reader’s Digest Trusted Brands Awards 2020 out of more than 50 categories listed in the recent 22nd annual survey conducted by leading research agency, Catalyst Research as commissioned by the popular publishing title. Five government-linked corporations and government agencies excelled …

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MDEC embarks on efforts to help SMEs adopt digital technology

Kuala Lumpur, 2 June 2020 – The Malaysia Digital Economy Corporation (MDEC) has embarked on various efforts to help small and medium enterprises (SMEs) adopt digital tools such as remote working, e-commerce and payment-related operations. Its business digital adoption director, Muhundhan Kamarapullai said MDEC is also reinforcing the importance of digital marketing amidst the COVID-19 pandemic and the Conditional Movement Control …

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Malaysia may see gradual economic recovery starting next quarter – MIDF Research

Kuala Lumpur, 1 June 2020 – After the “largely expected” economic contraction for the 2020 second quarter (Q2), Malaysia may see a gradual recovery starting from the third quarter depending on its progress in containing the COVID-19 outbreak, said MIDF Research. In a note today, it said recovery would also depend on how the rest of the world, …

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SMEs’ presence on online business pages intensifies amidst Covid-19

Kuala Lumpur, 28 May 2020- As Covid-19 has changed the way business is conducted, demand for online business pages has intensified among the small and medium enterprises (SMEs) to survive the pandemic. Locally, broadcasting a brand on business pages, whether its Facebook Ads or Instagram Ads is now seen as “a must” to ensure businesses’ …

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MEDAC to allocate RM452.8m under entrepreneurs’ business recovery plan

Kuala Lumpur, 25 May 2020- The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will allocate RM452.8 million to assist COVID-19 hit entrepreneurs under a business recovery plan to support the stability of the entrepreneurial ecosystem. The allocation is expected to benefit more than 21,847 micro entrepreneurs, small and medium enterprises, social entrepreneurs, startups and cooperatives. …

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As economy reopens, World Bank tells Malaysia to transform businesses to survive new normal

Kuala Lumpur, 22 May 2020- World Bank lead economist Richard Record said today the Malaysian Government’s approach should eventually move from mitigating COVID-19 pandemic-driven supply and demand shocks to transforming business sectors to survive the new normal. Record said the question is at what point does the Government continue to mitigate the impact of the …

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