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SERVICES SECTOR REVENUE RISES TO RM414.2 BILLION IN 2Q18 In 2Q18, the services sector’s revenue increased 8.3% to RM414.2 billion, compared with the corresponding period in 2017. The growth was propelled by wholesale and retail trade, food and beverages and the accommodation segment, which rose RM24.7 billion, or 8.1%. The expansion was also contributed by…

  MALAYSIA’S JUNE 2018 EXPORTS RISE 7.6% Y-O-Y According to the Statistics Department of Malaysia, exports in June 2018 were valued at RM78.7 billion (an increase of 7.6% Y-o-Y), whereas import growth registered a greater increase of 14.9% Y-o-Y to RM72.6 billion and this resulted in a trade surplus of RM6 billion. The surplus was…

ALIBABA CLOUD LAUNCHES 2ND “AVAILABILITY ZONE” IN MALAYSIA Alibaba Cloud has launched its second availability zone, “Availability Zone B” in Malaysia to expand its cloud footprint, which will cater to increasing local and regional demand. The second zone will complement its earlier zone, “Availability Zone A”, which was launched in 2017, to heighten cloud security and…

SST THRESHOLD YET TO BE DECIDED The government has yet to decide on the annual revenue threshold for businesses which will be subject to the Sales and Services Tax (SST). The threshold will be determined by the Customs Department and “set at a reasonable rate”. Currently in its proposal stages, the list of goods to…

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