Wednesday, 24 Feb 2021 10:47 AM MYT
BY ASHMAN ADAM
Fitch Solutions predicted that the main overseers of the wholly-owned Finance Ministry unit would be chosen from among allies of the ruling party in order to curry favour. ― AFP pic
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KUALA LUMPUR, Feb 24 The government’s move to use a special purpose vehicle (SPV) to auction off the 5G spectrum will raise adoption costs for companies and slow down development of the technology in Malaysia, said Fitch Solutions Country Risk & Industry Research.
The Fitch Group unit said the SPV was a departure from the usual mode of an open auction that has typically been used in other Asian countries for the rollout of the next-generation broadband cellular network.
The Malaysian Communications and Multimedia Commission (MCMC) has defended its decision to use a dedicated government special purpose vehicle (SPV) to oversee the rolling out of the 5G network nationwide. In a statement, the regulator said the SPV is key, as the burden of 5G will not be on the service providers, whilst still ensuring that the digital divide risk is kept at a minimum throughout the implementation of 5G network via the roll out of fiber and 4G network.
KUALA LUMPUR, Feb 15 Malaysia’s real gross domestic product (GDP) growth for 2021 is now forecast to be just 4.9 per cent versus the 10.0 per cent projected earlier, said Fitch Solutions Country Risk & Industry Research. The Fitch Group unit said it was slashing the projection due to the.
(Feb 10): Myanmar’s political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a widening business fallout.
From beer maker Kirin Holdings Co to an early backer of gaming firm Razer Inc, companies and investors are weighing the impact of a military coup that’s thrust the once-thriving nation into a state of emergency. The turmoil is prompting multinationals like Thailand’s biggest industrial developer to delay investment plans, a harbinger of things to come should the chaos deepen.
Western nations are applying pressure on the newly installed military government of the Southeast Asian country, once regarded as greenfield territory for everything from oil and gas to leisure resorts. With the US reiterating plans to renew sanctions, it could cause a rippling effect among businesses, threatening US$5.5 billion in foreign investment in a country that just a few years ago was on the path to democracy.
Myanmar’s political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a widening business fallout. From beer maker Kirin Holdings Co. to an early backer of gaming firm Razer Inc., companies and investors are weighing the impact of a military coup that’s thrust the once- thriving nation into a state of emergency. The turmoil is prompting multinationals like Thailand’s biggest industrial developer to delay investment plans, a harbinger of things to come should the chaos deepen. Western nations are applying pressure on the newly installed military government of the Southeast Asian country, once regarded as greenfield territory for everything from oil and gas to leisure resorts. With the U. S. reiterating plans to renew sanctions, it could cause a rippling effect among businesses, threatening $5.5 billion in foreign investment in a country that just a few years ago was on the path to democracy.