Kuala Lumpur, April 20 – US President Trump’s ‘America First’ policy is not unique; protectionism has crept up since the 2008-09 global financial crisis as G20 countries have stealthily ramped up measures against each other and governments have exhorted citizens to buy local products.
However, Trump’s stance signals a watershed for global trade. Before the US elections, G20 countries were officially and firmly anti-protectionist. However, President Trump’s ‘America First’ policies led the G20 to drop its anti-protectionism commitment in its March communiqué. Other countries are likely to watch the US closely, ready to react, fuelling fears of an all-out global trade war.
Business confidence in Malaysia has increased in the first quarter of 2017 as the economy benefits from rising commodity prices and improving trade prospects, according to the latest edition of the Global Economic Conditions Survey released today.
The quarterly survey of global CFOs and finance professionals, conducted by ACCA (the Association of Chartered Certified Accountants) and IMA (the Institute of Management Accountants), has found that global economic sentiment has risen to its highest levels since 2015 amid promising signs of a sustained recovery.
Kuala Lumpur, April 12 – Grab, Southeast Asia’s leading ride hailing technology company, and Malaysia Digital Economy Corporation Sdn. Bhd. (MDEC) together with the World Bank Group launched the OpenTraffic initiative in Malaysia, which provides traffic data from Grab’s GPS data streams to address traffic congestion and improve road safety in major Malaysian cities.
OpenTraffic provides Malaysia’s traffic management agencies and city planners with access to an open dataset to better manage traffic flow and make investment decisions on local transport infrastructure.