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Malaysia exploring ‘new ideas’ for terminated high-speed rail project with Singapore: Vivian

MALAYSIA is exploring “some new ideas” for a potential high-speed rail (HSR) project to link Kuala Lumpur and Singapore, with the Republic waiting to receive these proposals, said Singapore’s Foreign Minister Vivian Balakrishnan on Thursday (May 19). The original HSR project was officially terminated in January 2021, after both countries failed to reach an agreement […]

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Malaysia’s total trade soars 21.3% to RM231.44bil in April

KUALA LUMPUR: Malaysia’s trade performance continued its upward momentum in April 2022 with total trade increasing 21.3 per cent year-on-year (y-o-y) to RM231.44 billion, marking the 15th consecutive month of double-digit growth. In a statement today, the Ministry of International Trade and Industry (MITI) said trade, exports, imports and trade surplus registered the highest monthly […]

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IMF sees Malaysia’s economy expanding 5.75pc in 2022

KUALA LUMPUR, May 19 — The International Monetary Fund (IMF) is optimistic that Malaysia’s economy will expand by 5.75 per cent in 2022, driven by pent-up domestic demand and continued strong external demand. This is in line with the government’s growth projection of between 5.3 per cent and 6.3 per cent for 2022. The economy […]

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Malaysia’s April exports rise 20.7%, above forecast

May 19 : Malaysia’s exports in April rose 20.7 per cent from a year earlier, above forecast,  government data showed on Thursday. April’s exports were expected to rise 19.7 per cent, according to 13 economists surveyed in a Reuters poll. Imports in April  grew 22 per cent from a year earlier, the data showed. Analysts were expecting […]

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Getting ready for their Raya, many shoppers who traditionally shopped at Raya markets have begun to shop at Kenanga Wholesale City and alternative means of shopping.
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Malaysia’s wholesale, retail trade sales rise 3.9% in Q1

KUALA LUMPUR: Malaysia’s wholesale and retail trade sales registered a growth of 3.9 per cent year-on-year (yoy) in the first quarter of 2022 (Q1 2022), said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was attributed to the motor vehicles sub-sector which rose 8.8 per cent, […]

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