September 2023 - Page 5 of 5

Strong interest in real estate in Malaysia but insufficient demand

21Sep

By Webmaster IKON MalaysiaNo Comments

Business, Finance, Uncategorized

Strong interest in real estate in Malaysia but insufficient demand

According to PropertyGuru Malaysia, interest in buying real estate is still high in Malaysia despite the country's higher cost of living, financial limitations, and affordability. According to country manager Sheldon Fernandez in its Consumer Sentiment Study (CSS) Second Half 2023 (2H2023), approximately 50 percent of those surveyed, particularly the younger and lower-income populations, rely on government assistance to purchase a property. Furthermore, 46 percent of the respondents reported persistent difficulties obtaining financing for affordable housing initiatives, Fernandez added. According to Fernandez, it is crucial to strategically plan and carry out cheap housing programs to accommodate today's lifestyle, particularly in metropolitan regions where there are also ris...

Malaysian needs to spend 13.33% of their yearly salary to purchase the iPhone 15

20Sep

By Webmaster IKON MalaysiaNo Comments

Business, Innovation/ Technology, Life Style, Lifestyle, Uncategorized

Malaysian needs to spend 13.33% of their yearly salary to purchase the iPhone 15

Malaysia has been ranked as the 33rd least affordable country in the world to purchase an iPhone 15. According to comparedial.com, a Malaysian citizen needs to spend 13.33 percent of their yearly salary to purchase the base model iPhone 15 128GB. This translate to an estimated 277.16 hours of work, or an equavalent of 34.65 days of work. When it comes to pricing, Malaysia stands at the 9th least expensive country in the world for an iPhone 15, with the base model totalling to $939.96 USD after taxes, or approximately RM4412.64. The most expensive model, however, the iPhone 15 Pro Max 1TB, cost $1,881.10 (RM8830.82) - 26.67 percent of a yearly salary.

The government is committed in helping businesses’ growth and achievements

20Sep

By Webmaster IKON MalaysiaNo Comments

Business, News

The government is committed in helping businesses’ growth and achievements

Credit: The Star The government wants to be more pro-business and make conducting business in Malaysia much simpler overall in order to guarantee the nation's economic success. According to Transport Minister Anthony Loke Siew Fook, the private sector is the engine of economic growth, and without it, the economy would not flourish. “The private sector is not our enemy, and the government is not the enemy of the private sector. Hence, we must work together,” he said during his opening speech of the dialogue session held by the Malaysian International Chamber of Commerce and Industry (MICCI) with the Transport Ministry at Menara Star, Petaling Jaya. Although Loke acknowledged that the government is concentrating on attracting foreign direct investment, he asserted that domestic ...

Malaysia holds great opportunity for solar energy

20Sep

By Webmaster IKON MalaysiaNo Comments

Business, Environment, Innovation/ Technology

Malaysia holds great opportunity for solar energy

Malaysia and other Southeast Asian nations have a lot of opportunities as a result of the shift toward renewable energy, particularly biofuels. Gavin Towler, chief sustainability officer at Honeywell, stated that roughly 20 years ago, there was a compelling argument for using "more expensive energy" in developing nations. The prevailing concept was to exploit accessible, low-cost energy to increase the standard of living. Towler pointed out, however, that some of the renewable resources already in use are less expensive than non-renewable resources like fossil fuels, a type of energy that has been extensively used. "What has happened is that when the scale of renewable power has grown, renewable energy resources like wind and solar have become cheaper than fossil fuels. So...

Malaysia’s economic freedom has declined, think tank says

20Sep

By Webmaster IKON MalaysiaNo Comments

Business, News

Malaysia’s economic freedom has declined, think tank says

Malaysia came in 56th out of 165 nations in the most recent Economic Freedom of the World study by the Center for Market Education (CME). The study, which CME and the Fraser Institute of Canada carried out, essentially assesses people's capacity to make their own economic decisions across 165 jurisdictions. It examines essential components such as the country's size of government, its legal system and property rights security, access to sound money, international trade freedom, and credit, labor, and business regulation. The report, which uses data from 2021 since there are international comparisons available, demonstrates Malaysia's decline in recent years. “The year before, in 2020, Malaysia ranked 53rd. The 2021 score thus represented a deterioration in Malaysia’s ranki...

More Malaysian brands are looking into investing in conversational commerce

19Sep

By Webmaster IKON MalaysiaNo Comments

Business, Innovation/ Technology

More Malaysian brands are looking into investing in conversational commerce

Infobip, a global cloud communications platform, has partnered with IDC, a leading IT market research firm, to release an InfoBrief titled "Revolutionising Customer Experience through Conversational Commerce." This report highlights the growing significance of AI-driven conversational commerce and omnichannel communication platforms in the Asia Pacific region. It not only underscores the importance of customer-centric strategies but also offers guidance for brands looking to effectively embrace and utilize conversational commerce, aiming to enhance value for both businesses and customers. “As businesses embrace the potential of conversational commerce, they position themselves to forge ahead, leveraging AI technology to create meaningful connections and unlock new growth opportu...