PETALING JAYA: The weakening global economy foretells weaker trade prospects for Malaysian companies and products and services in the months ahead. While China’s economic reopening is expected to provide some support to the global growth outlook and Malaysian exports, the high inflation and interest rate environment in major economies, where much of the final demand […]
Read MorePETALING JAYA: Economists are expecting headline inflation in Malaysia to continue moderating further in 2023, aligned with the softening trend of rising prices globally, following the tailing off in oil prices compared with 2022. This is in light of the latest consumer price index (CPI) figures released by the Statistics Department yesterday, which showed inflation […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index (CPI) in March eased to 3.4% with the index point at 129.9, underpinned by a decrease in the price of unleaded petrol. A report from the Statistics Department showed on Thursday the rate of inflation in March had moderated from 3.7% in February. This was below the expectations of […]
Read MoreKUALA LUMPUR, April 20 ― The sizeable trade surplus will continue to support Malaysia’s growth this year despite the expectations of softening exports in the months ahead, says CGS-CIMB Securities Sdn Bhd. Economist Nazmi Idrus said the firm remained positive on Malaysia’s 2023 full-year trade balance outlook despite expectations of softening exports in the months […]
Read MorePETALING JAYA: Malaysia can expect to benefit, to a certain extent, from China’s economic growth this year following the cessation of its zero-Covid policy, as the latter registered a stronger-than-projected gross domestic product (GDP) growth of 4.5% year-on-year (y-o-y) in the first quarter of 2023 (1Q23), say analysts. However, they also cautioned that the growth […]
Read MoreKUALA LUMPUR: Malaysia’s total trade in March declined 1.6% year-on-year (y-o-y) to RM232.72bil amid a moderation of both exports and imports with major trading partners. The Ministry of Investment, Trade and Industry (Miti) announced today that exports for the month amounted to RM129.71bil, down 1.4% from the same month in 2022, while imports declined 1.8% […]
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