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Malaysia’s economy was boosted with a total of RM86.14 billion in tourist receipts from the expenditure of 26,100,784 international tourists who visited Malaysia throughout 2019. In tandem with small positive growth of tourist arrivals by +1.0% compared to 2018, the total tourist receipts contribution recorded a growth of +2.4%. Meanwhile, tourism performance also saw growth in terms of per capita expenditure, rising […]
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SAP SE (NYSE: SAP) has announced a new research report, in partnership with Oxford Economics, whose findings offer especially timely insights to help companies minimize disruptions to their supply chains, even in crises. “The world we live in, while often turbulent, has been turned on its head recently with the impact of COVID-19,” said Martin Barkman, […]
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The ripple effects of COVID-19 are still unfolding on a global scale and it is unlikely that the true impact of this pandemic can be measured until the situation stabilizes. Until such time, businesses both big and small are challenged to manage their cash flow position as their first line of defence. Left unmanaged, even […]
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Businesses in China are more focused on digitising their operations following the Covid-19 outbreak, with as many as 72% of SMEs having resumed full operations as of 24 March 2020. This builds on the findings of the 2019 Q4 Chinese Mobile Payment Market Report by market research firm iResearch, which highlights the maturity of the […]
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Following the announcement on the Sarawak Micro Credit Scheme (SMCS) by the Sarawak government on Tuesday, Agrobank is proud to support the state’s latest initiative under the Pakej Bantuan Khas Sarawakku Sayang. The micro credit scheme is developed to support entrepreneurs particularly those affected by the Movement Control Order (MCO) and the COVID-19 pandemic. The […]
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Following the announcement made by YB Dato’ Sri Hajah Nancy Shukri, Minister of Tourism, Arts and Culture (MOTAC) Malaysia on 18 March 2020 on the cancelation of Visit Malaysia 2020 (VM2020) campaign due to the COVID-19 outbreak with immediate effect, Malaysia Convention & Exhibition Bureau (MyCEB) will take the necessary action to abide by the […]
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Malaysians are taking more precautionary measures to protect themselves against the COVID-19 outbreak. As a result, face masks, hand sanitizers, disinfectants, and other supplies are facing shortages. To address this, the Ministry of Domestic Trade and Consumer Affairs engaged local face mask manufacturers to ramp up production as demand has grown three times from usual […]
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MTC has appointed Mr Wong Kah Cane as its Acting Chief Executive Officer effective 13 March 2020. Mr. Wong, who joined MTC on 1 November 2019 as Deputy CEO, takes over from Mr. Richard Yu Tuan Chong upon the expiry of the latter’s contract. Mr. Wong, 52, who graduated with a degree in Business Administration […]
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CIMB announced that it has activated its succession plan for the role of Group CEO and CEO, CIMB Bank Berhad. The appointment is to replace YBM Tengku Dato’ Sri Zafrul Tengku Abdul Aziz, who relinquished his position to join the Malaysian government as the Minister of Finance. This process will be managed by the Board […]
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