Tag: Businesses

The newly launched China-Laos-Thailand train route offers a faster and more cost-effective transportation solution, cutting travel time to 55 hours and reducing expenses by 20%. Carrying 19 refrigerated containers with 286 tonnes of fresh vegetables, the train connects Kunming to Bangkok via Vientiane, promising improved trade momentum.

Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus reports that Malaysia is unlikely to enter a recession this year. Despite reduced foreign demand, domestic expenditure is expected to anchor economic growth, with the first quarter of 2023 showing more robust performance compared to the fourth quarter of 2022.

Chinese investment is set to accelerate Malaysia's transition to a low-carbon economy, with potential growth in high-tech sectors like electric vehicle manufacturing. Business leader Datuk Liew Chee Ming anticipates increased investor interest following the return of Chinese tourists.