KUALA LUMPUR: The Malaysian manufacturing sector continued to improve in November, with further expansion in both output and new orders, according to the latest IHS Markit data. Its headline Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – edged up to 52.3 from 52.2 in October as manufacturers noted […]
Read MoreKUALA LUMPUR: The Producer Price Index (PPI) for local production surged 13.2 per cent year-on-year (y-o-y) in October 2021 to hit a new record high, mainly due to higher commodity prices, said the Department of Statistics Malaysia. The index, which measures the costs of goods at ex-factory prices in the local economy and indicates the […]
Read MorePETALING JAYA: The country’s export value in October rose 25.5% year-on-year (y-o-y) to a record RM114.4bil as the global economy continues to see a gradual recovery. Imports were higher by 27.9% to RM88.2bil and total trade expanded to RM202.6bil from RM160.1bil in October 2020, the Statistics Department said. “Trade surplus in October 2021, with a […]
Read MoreKUALA LUMPUR, Nov 30 ― The ringgit opened slightly higher against the US dollar today in cautious trading as traders digested the news on the Omicron variant. The greenback ended flat against the ringgit at yesterday’s close amid uncertainties surrounding the market and growing concerns over the global economic outlook, a dealer said. At 9am, […]
Read MoreKUALA LUMPUR, Nov 29 — The ringgit opened slightly higher against the US dollar today, as the greenback retreated on concerns about the latest coronavirus variant and travel controls being imposed by various countries. At 9am, the local note rose to 4.2350/2395 against the greenback from 4.2370/2400 at Friday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said […]
Read More[SINGAPORE] Singapore and Malaysia reopened one of the world’s busiest land borders on Monday, allowing vaccinated travellers to cross after nearly two years of being shut down due to the Covid-19 pandemic. Although travellers welcomed the chance to reunite with family and friends, there were concerns the border might be closed again due to the […]
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