OIL prices are on a tear. Just like there were in 2008 and from 2011 to 2014 going by recent memory. There is one notable difference today though. When oil prices surpassed US$100 (RM420) a barrel in those periods, there was vibrancy that was felt. Malaysia’s coffers were growing from exports receipts of Petroliam Nasional […]
Read MoreManufacturing Index IHS Markit is expected to release the manufacturing Purchasing Managers’ Index (PMI) during this holiday-shortened week. Analysts expect the PMI to rise to 53 points in January 2022. The manufacturing PMI is expected to be 52 points by the end of this quarter, according to Trading Economics global macro models and analysts’ expectations. […]
Read MoreKUALA LUMPUR: Malaysia’s Human Resources Ministry said on Sunday it would call in all companies facing US import bans over suspected forced labour practices to discuss immediate action to address the allegations. Malaysian factories, which include major suppliers of palm oil and medical gloves, have been under increased scrutiny over allegations of abuse of migrant […]
Read MoreKUALA LUMPUR: Malaysia has become the most attractive country in Southeast Asia for foreign investors, driven by the success of attracting more than RM220 billion approved investments in 2021 for the manufacturing and services sectors, according to the 2022 Milken Institute Global Opportunity Index (GIO). Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed […]
Read MoreKUALA LUMPUR: Malaysia’s external trade registered another historic performance in 2021, surpassing RM2 trillion for the first time, as well as recording the fastest growth since 1994. Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said Malaysia’s exports hit RM1.24 trillion, achieving 99 per cent of the 12th Malaysia Plan […]
Read MoreMalaysia’s exports in December rose 29.2% from a year earlier, above forecast, government data showed on Friday. December’s exports were expected to rise 24.6%, according to 15 economists surveyed in a Reuters poll. Imports in December grew 23.6% from a year earlier, the data showed. Analysts were expecting a 27.3% rise, according to 15 economists […]
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