Tag: malaysia

Norwegian Telenor and Malaysian Axiata Group have secured key approval for merging their local telecommunications units Celcom Axiata and DiGi.Com. The proposed $15 billion deal aims to create a stronger market competitor in Malaysia's competitive telecom landscape, with the new entity named Celcom Digi pending final regulatory approvals.

Malaysia is unlikely to experience a recession due to its diversified economic structure. With services contributing 57%, manufacturing 24.3%, and agriculture and mining 14% to GDP, the country maintains economic stability through varied sectors and balanced international trade relationships.

Malaysia's franchise industry is experiencing rapid growth, with sales expected to reach RM22.66 billion by 2025. The sector has seen a 47% increase in franchise outlets in 2021, creating approximately 49,000 jobs and demonstrating strong potential for economic expansion.

Malaysia's palm oil inventories surged 14.5% to 2.03 million tonnes in August, the highest in over two years. Production climbed 8% to 1.7 million tonnes, boosted by ample rainfall. Experts predict September production growth will slow as yields take time to recover.

Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform that allows Malaysian investors to access 12 international stock exchanges through a single account. The platform offers low transaction fees, particularly for Priority Private clients, addressing the challenges of global market access for retail investors.

Malaysia saw RM123.3 billion in approved investments from January to June 2022, with foreign direct investments contributing 70.9% and the services sector leading at 63.3%. The investments are expected to create 57,771 job opportunities across manufacturing, services, and primary sectors.

Malaysia is actively working to mitigate semiconductor order backlogs that emerged during the COVID-19 pandemic. Global supply chain issues, including lockdowns, factory incidents, and transportation challenges, have significantly impacted the semiconductor industry's production and delivery capabilities.

Malaysia's political landscape is in transition as the King prepares to choose a new Prime Minister following Muhyiddin Yassin's resignation. The country faces significant challenges, including a severe COVID-19 outbreak with high infection rates and public dissatisfaction with the current government's pandemic response.

Telecommunications giants Axiata Group and Telenor Asia have finalized a strategic merger of their Malaysian wireless operations, creating a robust digital convergence service provider. The combined entity promises significant synergies, with projected pre-tax profits of 5.7 billion ringgit and potential for enhanced market competitiveness in the regional tech landscape.

Digital Nasional Bhd (DNB) has chosen Ericsson to deploy Malaysia's nationwide 5G network, investing RM11 billion in critical infrastructure. The project aims to accelerate the country's digital economy transition, with Ericsson's technology expected to provide comprehensive network coverage across the nation.