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Economic News

Malaysia's leading role in meeting global demand for medical gloves amid the Covid-19 pandemic
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As manufacturers target productivity gains in response to the coronavirus outbreak, Malaysia is at the forefront of global efforts to meet elevateddemand for medical gloves. Most business activity in Malaysia has been severely curtailed since the government introduced a movement control order (MCO) on March 18. Since then, schools and non-essential businesses have been shuttered, while…
Economic View

Christopher Davison, Co-founder and CEO, BigPay

On the impact of the Covid-19 pandemic on the neobank segment How can neobanks mitigate the anticipated declines in discretionary spending during the Covid-19 pandemic? CHRISTOPHER DAVISON: Neobanks are theoretically well positioned to weather the Covid-19 storm. Global spending behaviours changed dramatically as lockdowns were imposed. Although spending on discretionary items and travel…
Economic View

Marc Barnett, CEO, iflix

On changing entertainment consumption patterns amid the Covid-19 pandemic As social-distancing measures lead to increased demand for home entertainment, what strategies can be employed to increase penetration in a sustainable manner? MARC BARNETT: This situation is bigger than our internal business metrics, and I think we have a responsibility and an opportunity to help people through a difficult…
Economic View

Baroness Neville-Rolfe, Chair, UK-ASEAN Business Council (UKABC)

On encouraging UK businesses to explore opportunities within ASEAN What are the implications of Covid-19 for ASEAN and the work of the UKABC? NEVILLE-ROLFE: In the short term the impact on the UK and ASEAN will be damaging, but this is a worldwide challenge. Most South-east Asian countries have large populations, stretched health services and economies that are dependent on trade and the movement…
Economic News

How will Malaysia fund its Covid-19 stimulus commitments?
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As the fallout of the Covid-19 pandemic continues, economists in Malaysia have outlined a series of proposals that could be used to fund the country’s record stimulus package. On March27 Prime Minister Muhyiddin Yassin announceda RM250bn ($57.7bn) economic stimulus package, the country’s largest ever to date, in an effort to strengthen economic resilience and boost the health care…
CEO Survey Analysis

OBG Global CEO survey 2020: Charting the risks and rewards faced by emerging markets

Oxford Business Group (OBG) began its CEO Survey in 2016 with the aim of giving our clients a handle on sentiment in the various markets we cover. Sentiment is of course intangible, but it is an all-important factor in the decisions business people and investors make when they weigh up their risk appetite. In turn, sentiment informs the level of confidence with which they view a market. It is also…
Economic News

Why is Malaysia handing out e-money to almost half its citizens?
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Up to 15m Malaysians will receive a one-time handout of RM30 ($7.30) under a new scheme designed to accelerate consumer and merchant adoption of digital payments. Announced in the 2020 budget, the first payments were disbursed in mid-January through three selected e-wallets: GrabPay, Touch n’ Go, and Boost. Every Malaysian above the age of 18 who earns an annual salary of no more than RM100,000…
Event

Future Build SEA

Futurebuild SEA presenting a grand focus on construction-related futuristic technologies and innovations. The event will witness breath-taking technologies in the built environment including those related to Internet of Things (IOT), Artificial Intelligence (AI) and Robotics, among others. Futurebuild SEA are supported by Ministry of Works (MOW), hosted by Construction Industry Development Board (CIDB),…