Malaysian investment stabilizing, says survey
The investment sector in Malaysia is stabilizing and investors are optimistic about the economic outlook, according to the ING Investment Dashboard Survey. ING said in a statement, ”The government’s Budget 2010 announcement sent positive signals to the market. ” The survey also indicated that Malaysian investors continue to see real estate prices rising in the first quarter of this year and more than a third of them are predicting average prices to rise between 2.5 per cent to five per cent. The report adds that other Asian countries besides Malaysia are showing increased...
February 8th, 2010
IRDA’s new chief aims for more investment
Ismail Ibrahim, Iskandar Regional Development Authority’s (Irda) new chief executive officer says that he aims to further promote Iskandar Malaysia to global investors despite the worldwide economic slowdown. He said that Irda would look at attracting new investment from India, China and the Gulf Cooperation Council countries. Despite the global economic crisis, Iskandar Malaysia has attracted investments of RM55.56bil up to December 2009, of which 60% were foreign direct investments and some 44, 000 new jobs have been created.
February 8th, 2010
Malaysians save for a rainy day, says survey
Despite the improving global economic climate, Malaysians are continuing to save for a rainy day, says a survey from Mastercard. It says that economic uncertainty had caused 85 per cent of Malaysian consumers to either maintain or increase their level of savings, in preparation for unforeseen emergency expenditures. Those aged between 18-29 are most concerned about saving for a rainy day with some 90 percent saying they put money aside. In addition 32 per cent of Malaysian consumers plan to save between one and ten per cent of their income over the next six months. They are saving for retirement...
February 8th, 2010
IBM sets up centre of exellence in Malaysia
Computer giant, IBM, has set up the Asean Telecom Centre of Excellence in Malaysia to address the challenges in the regions telecommunications. IBM said in a statement that the centre would bring together cutting edge technical skills, specialized products and industry best practice. It will provide new telecom hardware and software solutions and business applications.
February 8th, 2010
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