KUALA LUMPUR (Dec 7): Retail Group Malaysia (RGM) is projecting a 6% growth in Malaysia’s retail sales for 2022 as the country’s retail industry looks forward to a recovery from the impact of Covid-19 pandemic-driven movement restrictions of almost two years. In RGM’s retail industry report for November 2021, the group, which interviewed members of the […]
Read MoreKUALA LUMPUR, Dec 7 — Malaysia’s economy is expected to grow 3.7 per cent this year and further expand to 6.0 per cent in 2022 amid the recovery in economic activities, said MIDF Amanah Investment Bank Bhd (MIDF Research). Economist Abdul Mui’zz Morhalim said the recovery in domestic economic activities would continue as both consumers and businesses increase […]
Read MoreKEY FACTS Malaysia’s total trade, since August 2021, has maintained its upward trend with total trade expanding by 26.5 per cent, reaching RM202.6 billion in October 2021 as compared to RM160.1 billion in previous year. Exports continued to increase by 25.5 per cent to RM114.4 billion as compared to October 2020. Imports rose by 27.9 per cent year-on-year (y-o-y) […]
Read MoreKUALA LUMPUR, Dec 2 — The Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Alexander Nanta Linggi said the ministry has a month to find a complete and comprehensive solution to the price hikes of goods and food. He said for a short-term solution, KPDNHEP is introducing the Malaysia Family Sales which will offer […]
Read MoreKUALA LUMPUR: Malaysia’s Internet economy is estimated to be worth US$21bil (RM88bil) in 2021, boosted by e-commerce, online media, transport and food growth. According to Google, Temasek and Bain & Co’s latest edition of the e-Conomy South-East Asia Report, which also observed growth across all sectors of the country’s Internet economy, Malaysia’s digital market is […]
Read MoreKUALA LUMPUR, Dec 1 ― The ringgit extended yesterday’s gains to open higher against the US dollar today, as the greenback continued to weaken in reaction to a statement from the United States Federal Reserve (Fed). The market had taken note of the speech by Fed chair Jerome Powell which indicated that a stronger and […]
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