Malaysians trust media more while consumer boycott hits confidence survey
Advertisement
The media industry rose by four points to 52 last year in the survey by Ipsos measuring the most trusted corporations and institutions in
Malaysia
Noting the decline in the trust of Malaysians in various industries, Evelyn Tan, the interim country director of the market researcher, said on Thursday: 'However, there are bright spots. The media industry is a notable exception, showing increased trust levels.'
According to the Ipsos Malaysia Trust Track 2024 survey, overall trust across all industries declined by seven points last year after 'three years of stability' between 2021 and 2023.
Tan said the lower reading was partly due to a series of boycotts against some companies in Malaysia.
Advertisement
A pro-Palestinian boycott of companies perceived to be supporting Israel in its war in Gaza - particularly US fast food and coffee chain brands – in the Muslim-majority country since last year has led to a steep decline in their revenue.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
21 hours ago
- South China Morning Post
How Hong Kong can re-emerge as a leader in maritime trade
The Development Bureau's recent proposal to reclaim 301 hectares – including 145 hectares near Lung Kwu Tan and 45 hectares in Tuen Mun West for an 'advanced construction industry park' and a 'smart and green industrial port' – carries futuristic appeal. But it risks overlooking a strategic opportunity that could help Hong Kong regain its footing as a global maritime hub: repositioning the area as the home of the city's next-generation container terminal and logistics network. Advertisement Hong Kong once led the world in container shipping. In 2008, the city's throughput was nearly 24.5 million 20-foot equivalent units (TEU), making it the third busiest port on the planet that year. Fast forward to 2023 and throughput had shrunk to 14.4 million TEU. Hong Kong slipped from the world's top 10 for the first time. In contrast, Shenzhen Port's container throughput exceeded 30 million TEU in recent years. These aren't just numbers. They reflect regional momentum and Hong Kong's waning relevance in global supply chains. Several factors have driven this divergence. Shenzhen, supported by the Guangdong provincial government, has invested heavily in inland ports and smart logistics. More than 260 container liner routes pass through the city, which has 19 inland ports, exemplifying a dynamic web of connectivity. Shenzhen now also operates 30 cross-border e-commerce express shipping routes, reflecting the changing nature of global trade. By comparison, Hong Kong's infrastructure has lagged. Take the Kwai Tsing Container Terminals, for example. The port comprises nine terminals and 24 berths over 279 hectares. It now struggles with ageing facilities and limited expansion space. Meanwhile, goods are shuttled across congested New Territories roads to border checkpoints like Man Kam To, Sha Tau Kok and Shenzhen Bay – an inefficient model that strains both road capacity and environmental sustainability. Advertisement However, if the government reclaims space near Lung Kwu Tan and its surrounding waters, Hong Kong could build a new port ecosystem from scratch – including deepwater container berths dredged to 17 metres, smart warehousing clusters and artificial intelligence -powered logistics parks that match international best practices.
RTHK
2 days ago
- RTHK
Palestinian move makes Canada deal 'hard': Trump
Palestinian move makes Canada deal 'hard': Trump Donald Trump's Truth Social post came soon after Canada's announcement that it is recognising a Palestinian state. File photo: Reuters US President Donald Trump said it will be difficult to make a trade deal with Canada after the country announced it is backing Palestinian statehood. "Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh' Canada!!!" he wrote on Truth Social. Canadian Prime Minister Mark Carney's office did not immediately respond to a request for comment. Carney announced on Wednesday that Canada is planning to recognise a Palestinian state at a meeting of the United Nations in September. Canada's announcement followed similar moves by France and Britain. Israel and its closest ally, the United States, both rejected Carney's statements. Canada and the US are working on negotiating a trade deal by August 1, the date Trump is threatening to impose a 35 percent tariff on all Canadian goods not covered by the US-Mexico-Canada trade agreement. Carney said on Wednesday that tariff negotiations with the Trump administration have been constructive but that the talks may not conclude by the deadline. (Reuters)
South China Morning Post
18-07-2025
- South China Morning Post
Hong Kong to reclaim 190 hectares of land to make space for modern industries
Hong Kong authorities have proposed reclaiming 190 hectares of land in waters off the western New Territories for the development of four core modern industries in a bid to create future growth in a sluggish market. The Development Bureau said on Friday that the government was open to any financing model for the reclamation work in two areas, near Lung Kwu Tan and in Tuen Mun West. The land will be earmarked for developing industries such as green energy, advanced construction, the circular economy and modern logistics, with the first area of land expected to be ready as early as 2029. The area to be reclaimed is equivalent to the size of 10 Victoria Parks in Causeway Bay. 'We have to consider the market's interest in taking up the projects without any residential sites in the areas … Even if the market is more cautious, the government is planning to fund the reclamation works on its own,' a bureau spokeswoman said. 'If we cannot find any suitable model for the private market to participate in the project, the government will take up the responsibility.'
