KUALA LUMPUR, 2 December 2020 - Tesco Stores (Malaysia) Sdn Bhd has scaled its offerings on its official store on Shopee by 200 items, bringing its total product assortment to over 3,000. This is on the back of stay-home efforts encouraged by the Government, where most Malaysians are observing the Conditional Movement Control Order.

“No one tries harder for customers than we do, here in Tesco. We have seen the demand for groceries and other household items increased ever since the start of this pandemic and with the situation persisting, this is the ‘new normal’ now,” said Tesco Product Director, Kenneth Chuah.  “By increasing the assortment on our store on Shopee, our customers can now shop for daily essentials and more, safely from home with confidence and ease during these uncertain times,” he continued.

Kuala Lumpur, 1 December 2020 - MoneySave, a P2P Crowdfunding Platform registered with Securities Commission Malaysia have crowdfunded its 100th investment note on 27/11/2020 with a total of RM 7.68m invested since launching 7 months ago.

Singapore, 1 December 2020 – CollabDeen and #HaveHalalWillTravel, Singapore-based Halal lifestyle digital  platforms, in partnership with DinarStandard, a US-based research and advisory firm, are hosting a Southeast  Asia launch of the State of the Global Islamic Economy Report (SGIE) 2020/21 at the inaugural Reimagine:  Halal in Asia 2020 virtual conference on 2 and 3 December 2020. Under the theme of ‘thriving in uncertainty’, the  eighth edition of the Report is supported by the Dubai Islamic Economy Development Centre (DIEDC) and  presents an annual update on the Islamic economy, encompassing Halal products, Islamic finance, and lifestyle  sectors and services. 

This year’s SGIE Report, produced by DinarStandard, estimates that Muslims spent US$2.02 trillion in 2019 on  food, pharmaceuticals, cosmetics, modest fashion, travel, and media. While this spending reflects 3.2 percent  year-on-year growth, Muslim spending in 2020 is forecast to contract by 8 percent due to the impact of the  pandemic. However, spending, excluding travel, is forecast to rebound by end 2021, and is slated to reach US$2.3  trillion by 2024, at a cumulative annual growth rate (CAGR) of 3.1 percent. Islamic finance assets are estimated  to have reached US$2.88 trillion in 2019 and are estimated to remain at the same level in 2020.