VC News : Sovereign credit rating A3 high rating Malaysia has a sound economic base
Do.The global economy has been slowed by factors such as the U.S. trade war against China, political instability in West Asia, and the outbreak of new crown pneumonia2020Years.1Month.16Japan's Moody's annual credit analysis report remains bullish on Malaysia (MalaysiaEconomic outlook.
Malaysia's sound economic base and government commitment to institutional reform have convinced Moody's, the rating agency, that Malaysia deserves itA3High-score sovereign credit rating and outlook is stable.
Malaysia's competitive economy, strong medium-term growth prospects and an effective system are sustainableA3Reasons for high-score sovereign credit ratings and stable outlooks. By contrast, some countries have recently had their sovereign credit ratings downgraded.
Malaysia's economic strength is thereAthe median of countries with the same rating received high ratings, especially in the average gross domestic product ( GDP )GDPgrowth aspects.
Malaysian Finance Minister Lin Guanying also said the country's competitive, complex and diversified economy would help counter global uncertainty caused by the U.S.-China trade war.
He noted that, together with the World Bank's adoption of the Global Governance Indicators (WGIA solid system by which these factors provide a solid basis for the country's long-term economic prospects.
He also referred to the Purchasing Managers' Index (PMIBusiness confidence and leading economic indicators, and these latest economic data suggest that the economy will grow faster in the coming months. At the same time, he said, Malaysia2019Years.12Inflation remained low and stable for the month1%。
Manufacturing in Malaysia
12Sales increased in the month5.2%
Malaysia.2019The annual inflation rate is only up0.7%is one of the lowest inflation rates in the region. In addition, Malaysia's manufacturing industry remains dynamic.2019Years.12Sales are growing year-on-year5.2%From.723100 million ERG to increase761ERING.
Malaysia's Statistics Bureau said in a notice that the growth in sales of manufactured goods, respectively, transportation equipment and other manufactured goods (7.7%Petroleum, chemical, rubber and plastic products (5.9%Electronics2.7%。
2019Years.12Manufacturing employees in the month were109ten thousand people, with2019years10710,000 people increased year-on1.4%。 Total salaries paid increase year by year4.2%To.433Wan Lingi.
It is clear that, despite the poor external economic situation, Malaysia continues to grow on the solid foundations it has established.
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Google (GoogleThe parent companyAlphabetreleased SandalPichay took overCEOIn his first earnings report since then, he revealed revenue figures for businesses such as cloud computing for the first time, and he also said in his earnings report that he was interested in artificial intelligence (AIInvestment in such areas has laid a solid foundation for sustainable development.
AlphabetThe results are from Pichay2019Years.12He succeeded Larry at the beginning of the monthPage took overAlphabet CEOto become Google and its parent companyAlphabetDouble materialCEOFirst financial results since then.
In its earnings report, Mr Pichay said they were investing in deep computer science, including artificial intelligence, environmental computing and cloud computingAlphabetthe continuous growth and opening up of new development opportunities have laid a solid foundation.
In addition, Mr. Pichay said in his earnings report that he was interested in search and cloud computingYouTubeContinued progress in these two new areas is pleased.
2019Q4 of the year
AlphabetRevenue.460.75billions of dollars
AlphabetThe financial results show that they are2019Revenue for the fourth quarter of the year460.75billions of dollars, compared to2018the same period of the year392.76billions of dollars of growth17.3%；2019Full-year revenue1618.57billions of dollars, compared to2018years1368.19billions of dollars increased250.38US$ billion, up year-on-year18.3%。
In this financial report,AlphabetGoogle's cloud computing and cloud computing were revealed for the first timeYouTuberevenue, where cloud computing is in2019Annual revenue89.18billions of dollars, compared to2018years58.38billions of dollars increased30.8US$ billion, up year-on-year52.76%；YouTubeAdvertising revenue is in2019the year has been reached151.49US$ billion, up year-on-year35.8%。
Alphabetis a parent company founded by Google,AlphabetIt will have a range of whodly owned companies that are independent of their lines of business, such as google,X-Lab、Life Sciences、Ventures & Capitaland the others.
The new company was set up more like an organizational restructuring to trim the previously bloated Google, and to clarify the responsibilities and achievements of each business unit (subsidiary).
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