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KUALA LUMPUR (Oct 11): Malaysia is expected to sign seven memoranda of understanding (MoU) with global partners during Expo 2020 Dubai Week 2, said Ministry of Science, Technology and Innovation (MOSTI). In a statement on Monday, it said the MoUs are estimated to bring a total of US$295 million (RM1.22 billion) worth of investment, signalling a strengthened relationship between Malaysia and global partners.

Global trade is gaining momentum

MALAYSIA’S exclusion from major subsea optic cable investments meant to upgrade the Internet infrastructure could stunt the quality of the country’s connectivity and hinder it from achieving the goals of the Malaysia Digital Economic blueprint (MyDigital).Malaysia has missed out on two subsea cable system investments under the purview of tech giants Facebook Inc and Google LLC, namely Echo and Bifrost, and is now set to add the Apricot subsea cable system to the list.MIDF Research estimates Malaysia’s exclusion from the Facebook and Google-backed Apricot subsea cable will result in a los...

For 2022, rating agency has 'pencilled in' a growth projection of between 7-8%.

RAM Rating Services Bhd (RAM Ratings) has maintained its 2021 forecast for Malaysia's gross domestic product (GDP) at 3.8%. In its latest Economic Update 2021 report, the credit rating agency, however, said the ramped-up vaccination rate in the country is expected to facilitate the reopening of most economic sectors in the fourth quarter, providing a healthy lift to growth.