KUALA LUMPUR: Malaysia’s current account balance continued to record a surplus of RM15.2bil in the final quarter of 2021, the Statistics Department said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (pic) said the current account surplus in the fourth quarter of 2021 was driven by the exceptionally high net exports of goods with the […]
Read MoreKUALA LUMPUR: The government has maintained the country’s economic growth forecast for 2022 in the range of 5.5 per cent to 6.5 per cent. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the figure was also in line with the IMF and World Bank projections of 5.7 per cent and 5.8 per cent respectively. […]
Read MoreKUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the geopolitical tensions in Eastern Europe have escalated, leading to risk aversion in the financial market, an analyst said. At 9 am, the local currency fell to 4.1890/1925 versus the greenback from Friday’s close of 4.1885/1910. Bank Islam Malaysia Bhd chief economist […]
Read More[KUALA LUMPUR] Malaysia said its economy returned to expansion at the end of 2021 amid easing pandemic restrictions, while flagging risks for this year from inflation, further virus disruptions and global growth. Gross domestic product (GDP) growth in the December quarter rebounded to 3.6 per cent from a year earlier, Malaysia’s central bank said Friday […]
Read MoreUOB expects greater differentiation on foreign flows dynamics in emerging markets including Malaysia for 2022, despite overseas investors continuing to pile into Malaysia capital markets in January. This comes as most regional central banks’ patience on rates to sustain growth recovery went against hawkish pivots by both the US Federal Reserve and European Central Bank […]
Read MoreKUALA LUMPUR, Feb 11 (Reuters) – Malaysia’s economy returned to growth in the fourth quarter of 2021, expanding 3.6% from a year earlier, the central bank said on Friday, as economic activity resumed following the easing of coronavirus curbs. Economists polled by Reuters had expected Southeast Asia’s third-largest economy to grow 3.3% in the October-December […]
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