Manufacturers regain confidence on economic recovery, says MIER

Manufacturers regain confidence on economic recovery, says MIER

by NUR HANANI AZMAN / Pic by MUHD AMIN NAHARUL

Read the original article here: Manufacturers regain confidence on economic recovery, says MIER (themalaysianreserve.com)

BUSINESS Conditions Index (BCI) for the fourth quarter of 2021 (4Q21) indicates that manufacturers have begun to regain confidence, said The Malaysian Institute of Economic Research (MIER).

According to the research outfit, the 4Q21 index showed a positive outlook, rising by 25 points to settle at 122, well above the 100-point threshold. The index increased by 6.6 points on a year-on-year basis compared to 4Q20.

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Could Malaysia and Thailand be heading into a bout of classic stagflation?

Could Malaysia and Thailand be heading into a bout of classic stagflation?

Read the original article here: Could Malaysia and Thailand be heading into a bout of classic stagflation? | The Malaysian Insight

MEDICAL experts around the world are beginning to say that the Covid-19 crisis is heading into an endemic stage with the emergence of the Omicron variant.

The world is experiencing drags within supply chains, a lethargic recovery in international tourism, and continued pressures on the cost of living from high oil prices. Countries will need to transition from heavy restrictions to protect public health to a basket of measures to kickstart their respective economies.

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More new shopping malls to open this year

More new shopping malls to open this year

by AUFA MARDHIAH
read the original article here: More new shopping malls to open this year (themalaysianreserve.com)

NEW major shopping malls are expected to be opening their doors to the public this year, after some were delayed due to Covid-19 pandemic. 

This also includes the expansion of existing shopping malls nationwide such as IOI City Mall (ICM) Phase 2 in Putrajaya and Sunway Carnival Mall in Penang.

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Unemployment rate to improve to 3.9% in 2022

Unemployment rate to improve to 3.9% in 2022

Unemployment rate to improve to 3.9% in 2022: Kenanga

Research house remains optimistic, but cautiously so due to potential Omicron threat

Read the original article here: Unemployment rate to improve to 3.9% in 2022: Kenanga | Business | The Vibes

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KUALA LUMPUR – The country’s unemployment rate is forecast to improve to 3.9% in 2022, said Kenanga Research.

The research house said the recovery momentum is expected to gather pace in 2022 as the economy continues to chart an expansion bolstered by various ongoing support policies and robust external demand.

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How HRD Corp’s expansion will enhance the nation’s workforce

How HRD Corp’s expansion will enhance the nation’s workforce

How HRD Corp’s expansion will enhance the nation’s workforce: Datuk Ariff Farhan Doss

Chief operating officer elucidates why agency needs new identity in light of new roles

Read the original article here: How HRD Corp’s expansion will enhance the nation’s workforce: Datuk Ariff Farhan Doss | Malaysia | The Vibes

KUALA LUMPUR – For many years, the Human Resources Development Fund (HRDF) has held a reputation for being an agency that collects levies from companies to train the nation’s workforce.

Following its recent rebranding as the Human Resources Development Corporation (HRD Corp), the organisation has expanded its roles to become a multifaceted catalyst in enhancing the national employment ecosystem.

In a recent interview with The Vibes, HRD Corp chief operating officer Datuk Ariff Farhan Doss explained the rationale behind the overhaul, as well as the ambitious plans to move forward.

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Govt to help MSMEs through free-trade agreements

Govt to help MSMEs through free-trade agreements

Read the original article here: https://themalaysianreserve.com/2021/12/08/govt-to-help-msmes-through-free-trade-agreements/

by NUR HANANI AZMAN / pic by MUHD AMIN NAHARUL

THE government will intensify efforts in improving market access and opportunities to help micro, small and medium enterprises (MSMEs) increase sales internationally.

Prime Minister (PM) Datuk Seri Ismail Sabri Yaakob said the initiative was implemented through government-to-government cooperation, joint-ventures among Asean and Asia-Pacific Economic Cooperation (APEC) countries, as well as other international organisations.

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Malaysia’s retail sectors hit hard by the COVID-19 pandemic

Malaysia’s retail sectors hit hard by the COVID-19 pandemic

Read the original article: https://themalaysianreserve.com/2021/12/08/malaysias-retail-sectors-hit-hard-by-the-covid-19-pandemic/

by FAYYADH JAAFAR / pic by TMR FILE

The retail industry in Malaysia has been severely impacted by the COVID-19 pandemic in the third quarter (3Q) due to the movement control orders (MCO) leading to a fall in consumption.

Retail Group Malaysia (RGM) stated the retail sector recorded a -27.8% drop in third-quarter sales compared to the same period last year.

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Aggressive ‘jump start’ needed for hotel industry

Aggressive ‘jump start’ needed for hotel industry

Read the original article here: https://www.nst.com.my/news/nation/2021/11/742561/aggressive-jump-start-needed-hotel-industry

BUTTERWORTH
: As the festival of lights, Deepavali was ushered in, The Malaysian Association of Hotels (MAH) is looking towards an aggressive ‘jump start’ to boost its embattled hospitality industry.

With bookings for rooms and social events strongly picking up, MAH has urged the Tourism, Arts and Culture Ministry (MOTAC) to provide greater financial aid to the industry as a booster.

MAH Penang chapter chairman Raj Kumar Karuppiah told The New Straits Times that the RM60 million promotional activity and domestic tourism fund announced at the Dewan Rakyat under 2022 Budget last Friday, was a far cry to stimulate the grief-stricken industry following the global Covid-19 pandemic since the beginning of last year.

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Tourism receipts drop 71.2pct to RM52.4b last year: Chief statistician

Tourism receipts drop 71.2pct to RM52.4b last year: Chief statistician

Can domestic tourism pull the travel and hospitality industry out of its depression?
Let’s hear the views of the panellists of Session A “Tourism & Hospitality: A Long Journey of Recovery” of PLF’s CEO Forum 2021 on 20-21st October. Panellists include industry leaders such as the Malaysian Association of Hotels CEO Mr Yap Lim Seng and Mr Nigel Wong, Hon Sec-Gen of MATTA.

Read the original article here: https://www.malaysiakini.com/news/592584
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