KUALA LUMPUR: Malaysian government has urged small and medium enterprises (SMEs) in the halal sector to go digital to get more business from overseas markets. Prof Dr. Suhaimi Ab Rahman, deputy dean of Universiti Putra Malaysia’s (UPM) Economics and Management Faculty (Research, Industrial Network, and Society), said the SMEs need to be proficient in the …
Southeast Asia
Asian Economies To Suffer Heavily Due to COVID-19 Outbreak
WASHINGTON- The World Bank is estimating that the coronavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pacific countries, throwing millions into poverty. Under a worst-case scenario, the region could suffer its sharpest downturn since a devastating currency crisis more than two decades ago, the bank said in …
Asian Economies To Suffer Heavily Due to COVID-19 OutbreakRead More
Indonesia Imposes Entry Ban on Foreigners, Makes Quarantine Compulsory for Returning Citizens
Jakarta. The Indonesian government will temporarily ban all foreign visitors from entering the country and oblige all its citizens returning from other countries to undergo a two-week quarantine to stop imported cases of COVID-19, officials said on Tuesday. “The president has instructed that the existing policies [on COVID-19 outbreak] need to be strengthened, so it was …
Is Malaysia Ready To Handle The Economic Fallout From Ovid-19?
Is Malaysia ready to handle the economic fallout from COVID-19? The country has been facing this seemingly unsurmountable challenge along with other world economies due to the coronavirus pandemic. Can it also save the Islamic economy ecosystem it has developed over the past three decades? The following is an analysis recently published on the www.thestar.com.my. …
Is Malaysia Ready To Handle The Economic Fallout From Ovid-19?Read More
Brunei To Help Maldives Establish Halal Science Lab
Minister of Foreign Affairs of Maldives, Abdulla Shahid Minister on Saturday requested Brunei to help establish a halal science laboratory in the Maldives. The minister requested a meeting with his Bruneian counterpart, Dato Seri Setia Haji Erywan bin Pehin Datu Pekerma Jaya Haji Mohd Yusof, during his ongoing official visit to the country. During the …
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Malaysian Financial Sector has considerable Promise for Expansion
In Malaysia, where annual economic growth has averaged just under 5 percent over the past five years, fintech is a part of everyday life. It is rapidly becoming a central part of the country’s financial sector, with considerable promise for expansion, according to new IMF analysis. With its growing middle class, high mobile phone penetration rates, and strong government …
Malaysian Financial Sector has considerable Promise for ExpansionRead More
Qatari Investment Could Help Philippines Become An Asian Halal Hub
Investments from Qatar could play a key role in the Philippines’ bid to become Asia’s halal hub, DTI-Trade Promotions Group (TPG) Undersecretary Abdulgani M Macatoman said Sunday. Citing the need for more halal processing facilities in the Philippines, Macatoman said the country could benefit from Qatari investments and expertise, as well as in knowledge …
Qatari Investment Could Help Philippines Become An Asian Halal HubRead More
HDC To Promote Malaysian Talents For Global Halal Industry
PETALING JAYA: The Halal Development Corporation Bhd (HDC) plans to promote up to 700 Malaysian professionals in the international market to meet the strong demand for talents with experience in the halal sector. CEO Hairol Ariffein Sahari said the talents will be needed for the companies’ halal operations as well as the exchange of technologies …
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Bursa Malaysia Adds Inter-Pacific to Islamic-Compliant List
KUALA LUMPUR (June 20): Bursa Malaysia Bhd has added Inter-Pacific Securities Sdn Bhd to the bourse operator and regulator’s Islamic participating organisations list to further grow the Islamic capital market. Bursa Malaysia said in a statement today that Islamic stockbroking services played an important role, under which clients’ funds were placed in Shariah-compliant accounts. “With …
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Mintel: 13% of Asia-Pacific Product Launches Carry Halal Claim
With food accounting for nearly two-thirds of business in the global halal economy, there has been a flurry of new product activity in Asia-Pacific. According to market intelligence agency Mintel, 13% of all product launches in the region have carried the “halal” claim since 2012, with Indonesia, Malaysia and Thailand the top destinations in this …
Mintel: 13% of Asia-Pacific Product Launches Carry Halal ClaimRead More
Push for Mergers Among Islamic Banks and Non-Bank Lenders in Malaysia
CONVENTIONAL banks aside, there is a push by industry players for mergers and acquisitions (M&A) to take place in the crowded Islamic banking as well as the non-bank lender space. There are 16 Islamic banks in Malaysia. Two are full-fledged standalone banks: Bank Islam (M) Bhd and Bank Muamalat Malaysia Bhd. Eight more are subsidiaries …
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Brunei Ranked 12th in Global Islamic Economy Indicator
BRUNEI Darussalam has been ranked 12th in the latest Global Islamic Economy Indicator (GIEI), prepared by the answer company of Thomson Reuters. Brunei made it to the top 15 list for the first time, moving up five spots replacing Egypt. The Sultanate had a big jump in the Halal Travel ranking (10 spots) and strong …
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