Malaysia’s central bank is set to issue its first digital banking licenses in early 2022, a move that could position the country as one of Southeast Asia’s leaders in fintech.
The upsurge in global demand for PPE presents many scalable opportunities in Malaysia’s rubber glove industry.
Malaysia’s prime minister, Muhyiddin Yassin, offered his resignation to the country’s King on August 16, 2021, after less than 18 months in power.
Malaysia announced its latest 150 billion-ringgit (US$36 billion) economic stimulus package, named Pemulih, in response to the indefinite extension of the national lockdown.
On June 18, 2021, Malaysia and Thailand launched a cross-border quick response (QR) payment linkage to enable businesses and consumers from both countries to receive instant QR code payments.
Malaysia’s government has introduced its latest economic stimulus package — Pemerkasa Plus — as a response to the national lockdown measures.
Malaysia’s Central Bank has established a 1 billion ringgit (US$241 million) financing facility to support high-tech SMEs impacted by the pandemic.
As of May 17, visitors from both countries can cross the border for compassionate reasons, such as visiting family members that are critically ill.
Microsoft is establishing its first data center in Malaysia, which is expected to create 19,000 jobs and generate US$4.6 billion in revenue for the country.
Malaysia is home to five investment corridors, which offer their own distinct investment roadmaps.