PETALING JAYA: Malaysia’s eCommerce income crossed the RM1 trillion mark for the first time in 2021, growing by almost 22% from the previous year. Amid the Covid-19-induced weak economic conditions, eCommerce income surged to RM1.09 trillion in 2021 compared with RM896.39bil in 2020, according to the Statistics Department. The growth was driven mainly by the […]
Read MorePETALING JAYA: The debate on minimum wages has heated up again amidst rising prices of goods and the emergence of businesses from the recession. On one end, the Malaysian Trades Union Congress has urged the government to accelerate the implementation of the minimum wage at RM1,500 to help workers cope with their rising household expenditures. […]
Read MorePETALING JAYA: Malaysia’s industrial production index (IPI) is expected to grow at a moderate pace of 4.3% in 2022, following the strong performance last year that was primarily driven by the country’s higher manufacturing output. With global demand for manufactured goods and electrical and electronic parts and components expected to continue growing, MIDF Research is […]
Read MoreBENGALURU: Malaysia’s economy likely bounced back to growth in the final quarter of 2021, propelled by strong exports and private investments, but the fast-spreading Omicron coronavirus variant poses a threat to the outlook, a Reuters poll found. Growth in Southeast Asia’s third-largest economy rebounded last quarter to 3.3 per cent year-on-year after shrinking 4.5 per […]
Read MoreThe bilateral trade between Brunei Darussalam and Malaysia increased by 70.4 per cent to MYR8.03 billion (USD1.93 billion) in 2021 from MYR4.71 billion (USD1.12 billion) in 2020. The total exports from Malaysia to the Sultanate increased by 108.1 per cent to MYR5.78 billion (USD1.39 billion) in 2021, from MYR2.78 billion (USD0.66 billion) the previous year. […]
Read MoreKUALA LUMPUR (Feb 9): Malaysia’s December 2021 wholesale and retail trade sales value increased 3.5% to its record high at RM120.5 billion from a year earlier, the Department of Statistics Malaysia (DOSM) said on Wednesday (Feb 9). “The increase of 3.5% for wholesale and retail trade in December was attributed to the retail trade sub-sector […]
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