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This article first appeared in Digital Edge, The Edge Malaysia Weekly on May 13, 2024 – May 19, 2024 The media has been inundated with news of companies, which previously endorsed a hybrid work model, now forcing employees to return to the office full-time. However, that may not represent the sentiment of all companies and it is believed that the trend of hybrid work is here to stay, with many… Source link

PENAMPANG, May 12 — The Tunas Usahawan Belia Bumiputera (TUBE-X) programme in Sabah has generated sales worth RM20.65 million and created 2,039 job opportunities. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said the programme was popular among Bumiputera youths in Sabah, serving as an initiative to kickstart entrepreneurial careers and to register businesses. “Up… Source link

PETALING JAYA: In a move to strengthen global supply chains in the defence sector, SME Ordnance Sdn Bhd (SMEO), a subsidiary company of National Aerospace and Defence Industries Sdn Bhd, and Connecticut, USA-based Colt’s Manufacturing Co LLC have inked a memorandum of understanding (MoU) on joint development and supply of small arms ammunition. This strategic partnership, forged at DSA… Source link

KUCHING: The Youth Bumiputera Entrepreneurship Programme (TUBE) X Sarawak Zone aims to develop a highly competitive group of young Bumiputera entrepreneurs in Sarawak. Deputy Minister for Youth, Sports, and Entrepreneur Development (MySED), Datuk Dr Ripin Lamat, said the programme’s dual benefit would boost entrepreneurship and alleviating rural poverty by creating job… Source link

THAT small and medium enterprises (SMEs) are an important contributor to Malaysia’s gross domestic product (GDP) and workforce make it crucial to ensure they are resilient. And that calls for a coordinated approach by the government in building a robust ecosystem for the sector. Elaborating on this, Asia School… Source link

Dar es Salaam. It has been revealed that an Air Tanzania plane, a Boeing 787-8 Dreamliner, has been grounded in Kuala Lumpur, Malaysia, for close to eight months, with little known about the aircraft’s maintenance status, although the national carrier, Air Tanzania Company Limited (ATCL), says the jet is set to fly again next month. AIR TANZANIA GROUNDED IN MALAYSIA Air Tanzania’s Boeing… Source link

TORONTO (May 9): Some of Canada’s biggest business lobby groups on Thursday asked Prime Minister Justin Trudeau’s Liberal government to scrap a planned tax hike on capital gains, a move they said would stifle growth and investment climate in the country. The federal government disclosed last month its plan to increase the share of capital gains subject to taxation to 66.7%, up from the… Source link

This article first appeared in Forum, The Edge Malaysia Weekly on May 6, 2024 – May 12, 2024 Despite global economic turbulence, Asia-Pacific (Apac) is projected to account for 60% of global gross domestic product (GDP) growth in 2024. This optimism isn’t unfounded — it’s rooted in the tangible growth that countries within the region are making, with Malaysia being a prime example. Since… Source link

Labour Council needed, says Sabah Economic Advisory Council Published on: Friday, May 10, 2024 By: Nikko Fabian Foo (left) said the TSLAC had been under discussion since early 2023, with the recent endorsement from CM Hajiji (right) signalling a crucial step towards addressing labour-related challenges. Kota Kinabalu: Sabah Economic Advisory Council (SEAC) member Professor Datuk… Source link

KUALA LUMPUR (May 10): United Overseas Bank (Malaysia) Bhd (UOB Malaysia) posted a net profit of RM1.9 billion in financial year 2023 (FY2023), up 44.4% from RM1.3 billion in the previous year, driven by higher operating income. In a statement, the bank said the operating income grew by 19.3% to RM4.6 billion (2022: RM3.9 billion) and crossed the RM4.0 billion mark for the first time, backed… Source link