PUTRAJAYA, Feb 19 ― The Asia-Pacific Economic Cooperation (Apec) member economies are facing a different challenge today compare when the grouping was founded in 1989 with “unpredictability” emerging as the new norm. The International Trade and Industry Ministry’s deputy secretary-general...
Deputy Secretary General Ministry of International Trade and Industry Datuk Seri Norazman Ayob speaks during Multi-Stakeholder Dialogue in Putrajaya February 19, 2020. ― Bernama pic
“The familiar globalisation process is being defined by the ambiguity brought by rising economic nationalism, policy uncertainty and rapid digital adaptation where Apec needs to recharge itself with its present and future agenda,” he said in his speech at the Multi-Stakeholder Dialogue on Post 2020 Vision here today.
Through the initiative and activities pursued by Apec member economies, average tariffs have fallen from 17 per cent in 1989 to 5.3 per cent in 2018.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I will resign after APEC, says Dr Mahathir again | The Malaysian InsightThe prime minister says he has promised to step down and will keep to his word.
Read more »
Dr M: I'll step down but only after ApecPUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad says he does not know if the date of power transition will be fixed at the Pakatan Harapan presidential council meeting on Friday (Jan 21).
Read more »
Whatever the decision on Friday, Dr M to quit after ApecThe Pakatan Harapan presidential council will meet this Friday to discuss the prime ministerial transition plan.
Read more »
Guan Eng: SME digitalisation would accelerate digital economy | Malay MailCYBERJAYA, Feb 17 — The digitalisation of Malaysia’s economy would not be possible without the digitalisation of small and medium enterprises (SMEs) that make up 98.5 per cent of the country’s businesses, says Finance Minister Lim Guan Eng. He said many SMEs, however, are not yet ready to be...
Read more »
Randstad: 71pc respondents expect Malaysian economy to improve this year | Malay MailKUALA LUMPUR, Feb 18 ― About 71 per cent of Malaysia-based respondents in a survey expect the local economic situation to improve in this year, says human resources company Randstad. In its Workmonitor fourth quarter 2019 report, it said that 82 per cent of the respondents expect their employers...
Read more »
Scotch whisky facing £100m losses on US tariffs, says industry body | Malay MailEDINBURGH, Feb 17 — Scotland’s whisky industry is facing a £100 million (RM539 million) fall in exports as a 25-per cent tariff on imports of single malt Scotch into the United States starts to “hit hard”, according to an industry body. The tariff came into effect on October 18 after...
Read more »