Newsletter January 2019
SkyMinder Newsletter January 2019
STRONG GROWTH EXPECTATIONS
Malaysian economy is supported by diversified export, dynamic service sector, good infrastructures, investments suopprted by expansion of local financial market.
Growth was strong in both 2017 and 2018 driven by internal demand, good export performance around 75% of total GDP. Export benefits from the hydrocarbon prices, as 20% of total exports. Malaysia also exports high value added-value manufactured producst, like semi-conductors and other electronic products (39% of total export). Country also benefits from growing in integration in the regional value chain thanks to ongoing membership in the Association of Southeast Asia Nations (ASEAN). The sectors linked to tourism are expected to continue to expand. Despite level of household debt, private consumptions is the main contributor to growth.
On the other hand, there are some weakness, like reliance on external demand, budget income dependent on performances in the gas and oil sector, very high private debt levels, erosion of price competitiveness due to high labor costs, regional disparities, ethnic and religious disputes can affect results.
Top export destinations: Top import origins are:
1) China 15% 1) China 21%
2) USA 14% 2) Singapore 11%
3) Singapore 12% 3) USA 7.9%
4) Japan 6.4% 4) Japan 7.6%
5) Hong Kong 6.1% 5) Thailand 6.2%
SkyMinder is the worldwide CRIF platform helping you to take decisions based on high quality information. If you are required to evaluate a business partner in Malaysia or in country dealing with Malaysian companies, a customer or a supplier, during a risk evaluation process or for compliance requirements or a cyber risk assessment, SkyMinder is the right solutions.
Credit Reports: reports with information related to all Malaysia companies, including firmographics, credit limit, risk indicator, management, shareholders, negative events etc.
Planned revision services: possibility to plan in advance full revision of Credit Report and understand if scenario is stable or something changed.
Compliance Reports: reports with different level of details useful for compliance purposes, from shareholders identification to Anti Bribery and Money Laundering lists checks.
KYND Cyber Risk Report: analizes up two web sites to a company assessing the level of cyber risk.
With SkyMinder you can easily access to the most valuable information from the highest quality local providers in a global layout. Our strengths are: worldwide data availability, attention to market needs, focusing on strategic and helpful information, country specificity with observance of specific rules in terms of data availability; risk level and credit limit always available.
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