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Malaysia: Lower vehicle sales in August

PETALING JAYA: Total vehicle sales in August dropped 22% to 51,148 units from 65,550 units in the previous corresponding period, due to the higher base last year as vehicles received a boost in sales from the one-off tax holiday. In a statement yesterday, the Malaysian Automotive Association (MAA) said year-on-year passenger car sales dropped 16% […]

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Household debt remains an issue in Malaysia

PETALING JAYA: Expensive property prices continue to put a heavy burden on the lower income group, placing homeowners with high mortgages among the most vulnerable to potential financial shocks. Bank Negara, in its half-year financial stability review, said while the share of household debt held by borrowers earning less than RM3,000 per month has declined, […]

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Fitch Research sees FDI into Malaysia picking up

KUALA LUMPUR: Fitch Solutions Macro Research expects foreign direct investment (FDI) into Malaysia to likely to continue picking up over the coming quarters and continue decreasing Malaysia’s vulnerability to outflows. In its outlook report on the Malaysian economy on Thursday, it said this view was firstly supported by Malaysia’s successful renegotiation and resumption of the […]

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Malaysian palm oil price falls tracking related oils

KUALA LUMPUR: Malaysian palm oil futures slid on Wednesday, retreating from a three-week high achieved in the previous session as the market tracked softer related vegetable oils. The benchmark palm oil contract for the November delivery on the Bursa Malaysia Derivatives Exchange was down 1% at 2,262 ringgit per tonne at the close. The January […]

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Malaysia: Long road to recovery for property sector

KUALA LUMPUR: Alliance DBS Research estimates that Malaysia’s property market will need at least another three years to absorb the unsold properties, assuming status quo in historical transaction volume. “Therefore, a meaningful recovery for the property market is only expected by 2023, ” it said in a research note on Thursday. It said the large […]

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