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Malaysia: FMM sees dip in manufacturing in Q1 2023

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) expects the local manufacturing sector to experience a downturn in the first quarter of next year (1Q23) due to global uncertainties. In light of the potential slowdown, FMM president Tan Sri Soh Thian Lai said the order books of companies might see lower growth. “Businesses are lowering […]

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Malaysia’s manufacturing PMI falls to 47.9 in November

KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing purchasing managers’ index (PMI) slipped to 47.9 in November, down from 48.7 in October. S&P Global, in a statement, said the latest reading pointed to a more marked slowdown in business conditions which was the strongest since August 2021. The latest PMI reading is representative of […]

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Bank Negara building in Kuala Lumpur city. Ñ IZZRAFIQ ALIAS/The Star.
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Malaysia: Bank Negara expected to further tighten policy

PETALING JAYA: The continued rise in Malaysia’s core inflation leaves Bank Negara with little choice but to raise interest rates even higher. The core inflation, which excludes administered and volatile price items, reached a new peak in October at 4.1% year-on-year (y-o-y), even though the country’s headline inflation has been moderating to 4% in the […]

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Malaysia: Penang tops exports list for October

KUALA LUMPUR: Malaysian exports rose 15% year-on-year (y-o-y) to RM131.6bil in October 2022, with Penang registering the highest exports at RM7.1bil. Malaysia’s total trade in October jumped 21% to RM245.2bil. The Statistics Department said according to the export-import statistics by state for October, higher exports were also recorded in most states such as Johor (RM4.8bil), […]

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