Business and Economics

Monetary Policy in 2021 Will Remain Accommodative

KUALA LUMPUR (March 31): Malaysia’s monetary policy in 2021 will remain accommodative as it aims to focus on supporting a sustainable economic recovery amid modest price pressures, according to Bank Negara Malaysia (BNM). In its Economic and Monetary Review 2020 report released today, BNM said the domestic monetary and financial conditions for this year are …

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Tesla Wants Australia to Change Road Laws to Fit Semi Truck

(March 24): Tesla Inc. has called on Australia to ease vehicle-size limits so the company’s electric truck can legally fit on the country’s roads. Australia will probably miss out on the first generation of electric heavy trucks like the Tesla Semi because of a local law that caps a vehicle’s width at 2.5 meters, the U.S. …

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World’s Largest Sovereign Wealth Fund Says Malaysia Equity Investments

KUALA LUMPUR (March 17): Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with a market value of about NOK11.08 trillion (RM5.48 trillion) had invested in 145 Malaysia-listed companies including Genting Malaysia Bhd, MR DIY Group (M) Bhd and Top Glove Corp Bhd as at Dec 31, 2020, according to latest updates by …

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PayPal Brings Its ‘Buy Now, Pay Later’ Offer To Crowded Australia

SYDNEY (Reuters) – PayPal Holdings Inc will launch its “buy now, pay later” (BNPL) option in Australia this June, the U.S. payments giant said on Wednesday, muscling in further on Afterpay Ltd and others for share in the booming industry. So far PayPal’s new BNPL option has been rolled out in the United States and …

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Petronas and CNOOC Ink MoU to Pursue Cleaner Energy Solutions

KUALA LUMPUR (March 15): Petroliam Nasional Bhd (Petronas) has inked a memorandum of understanding (MoU) with China National Offshore Oil Corp (CNOOC) to pursue energy opportunities through close collaboration, it said. In a statement today, Petronas said the MoU elevates the long-standing relationship between the two parties from primarily liquefied natural gas (LNG) and upstream …

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Highlights of the Malaysia Digital Economy Blueprint

The Malaysia Digital Economy Blueprint is a national initiative to transform the country into a digitally-driven, high-income nation and a regional leader in the digital economy. MyDIGITAL’s implementation will be overseen by a strategic change management office to drive changes on the ground across the nation. Source :  The Edge Malaysia

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