KUALA LUMPUR, Dec 17 — Malaysia recorded new vehicle sales of 58,742 units in November 2021, marking the first month-on-month contraction after four consecutive months of at least double-digit growth. The total industry volume (TIV) fell 7.5 per cent from the 63,489 units sold in October 2021, the Malaysian Automotive Association (MAA) said. “(This was […]
Read MoreThe Asian Development Bank (ADB) trimmed its forecast for ASEAN growth this year from 3.1 percent to 3.0 percent, with downgrades for Vietnam and Malaysia offset by improved forecasts for the Philippines, Singapore and Thailand. In a supplement to the update of its Asian Development Outlook in September, the ADB almost halved its GDP growth […]
Read MorePETALING JAYA: Malaysia’s economy is expected to stage a healthy growth by year-end, underpinned by pent-up consumer demand, robust exports and the lifting of Covid-19 restrictions domestically and abroad. Economists are in sync with the government’s projection of between 3% and 4% of gross domestic product (GDP) growth for 2021. AmBank Group chief economist Anthony […]
Read MoreTHE STAR – The e-commerce industry has continued to flourish in 2021, growing at an accelerated pace due to the Covid-19 pandemic, and this in turn has helped many businesses, especially micro, small and medium enterprises (MSMEs), to stay afloat. “It has been a very positive year for the industry,” Zalora chief executive officer Gunjan […]
Read MoreKUALA LUMPUR, Dec 13 — The ringgit opened unchanged against the US dollar, as the market jittered in anticipation of the outcome on the Federal Open Market Committee (FOMC) meeting slated for Dec 14 and 15, an analyst said. At 9am, the local note stood at 4.2100/2135 against the greenback from 4.2100/2150 at Friday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said all […]
Read MoreAFTER a “bumpy, uneven and underwhelming” growth in 2021, Maybank Investment Banking (Maybank IB) is expecting the pace of Malaysia’s gross domestic product (GDP) growth to quicken to 6 per cent in 2022. In a report on Thursday (Dec 9), the research house said it anticipates a rebound in Malaysia’s economy on the positive momentum […]
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