Entries by Tom Saltmarsh

Malaysian firms urged to apply for Wage Subsidy Programme funding

Malaysian firms urged to apply for Wage Subsidy Programme funding The government has channelled RM20 billion ($5 billion) to 357,402 employers through the Wage Subsidy Programme (PSU), protecting the jobs of 2,951,245 Malaysian workers, according to Finance Minister Tengku Zafrul Aziz. He said the government would continue the PSU initiative, with pay-outs based on total […]

Retail sales and inflation both on the rise

Retail sales and inflation both on the rise Retail sales in India in December 2021 grew 7% over the pre-pandemic levels of the same month in 2019, according to the Retailers Association of India (RAI). In its latest retail business survey, the RAI said the sector witnessed 26% growth over December 2020. CEO Kumar Rajagopalan […]

China banking on digital to boost economic growth

China Banking on digital to boost economic growth The digital economy will play a pivotal role in upgrading traditional industries and so speeding up economic development during China’s 14th Five-Year Plan period (2021-25), industry experts are predicting. They said that core industries in the digital economy will account for 10% of GDP, up from 7.8% […]

New data protection rules in force in the UAE

New data protection rules in force in the UAE New personal data protection legislation has now come force in the UAE, the first comprehensive federal data privacy law in the country’s history. Barkha Doshi, data protection expert at Pinsent Masons, said that the UAE now “joins Saudi Arabia by passing a standalone federal data protection […]

Malaysia initiatives set to boost digital economy

Malaysia initiatives set to boost digital economy The Malaysian government is to launch two new initiatives to help grow the country’s digital economy and make Malaysia more attractive to foreign investors. The DE Rantau programme is designed to establish Malaysia as the preferred Digital Nomad Hub – hotspots used by location-independent workers – in a […]