Our Insights

Malaysian Economy to Bounce Back to 6.7% Growth in 2021

The global economy, including Malaysia, has been shrinking due to the raging COVID-19 pandemic.

Malaysia Sets up RM1.2 Billion Fund for Business Digitalisation

As a part of the Short-Term Economic Recovery Plan which has been recently announced by Prime Minister Tan Sri Muhyiddin Yassin to alleviate the worst effects of the COVID-19 pandemic, the government of Malaysia is planning to establish the RM1.2 billion Penjana Nasional Fund.

Stimulus Packages to Combat COVID-19 Impact in Malaysia

The Malaysian government has launched several measures to mitigate the short-term impact of the COVID-19 outbreak. The first emergency stimulus package worth USD 4.8 billion has been issued in February 2020 to counter the economic impact.

Half of Malaysia’s Banking Assets to Be Islamic by 2030

Malaysia forecasts that by 2030 around 50% of its banking assets will be Islamic, as its growth surpasses conventional banking.

Malaysia Loses RM 3 Billion in Tourism as COVID-19 Persists

Malaysia’s tourism industry has seen an estimated RM 3 billion losses, particularly from cancellations and bookings caused by the COVID-19 outbreak.