KUALA LUMPUR, Nov 10 — Kenanga Investment Bank Bhd has revised its forecast for Malaysia’s 2021 manufacturing production upwards to 8.5 per cent from 7.0 per cent projected earlier, driven by an expected surge in domestic demand. The revision was made following the rebound in the country’s Industrial Production Index (IPI) for September, where it grew by 2.5 per […]
Read MoreBENGALURU: Malaysia’s battered economy likely slipped back into contraction in the third quarter as coronavirus-induced restrictions brought economic activity to a near-standstill, a Reuters poll found. After bouncing back from its worst recession in more than two decades in the second quarter, the Southeast Asian economy shrank 1.3 per cent in July-September from a year […]
Read MoreKUALA LUMPUR, Nov 10 — Malaysia’s e-commerce income surges to RM279.0 billion, a jump of 17.1 per cent year-on-year (y-o-y) in the third quarter (Q3) of 2021, according to the Department of Statistics Malaysia (DoSM). Commenting on the Malaysia Digital Economy 2021 report today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in terms of quarter-on-quarter growth, it maintained a […]
Read MoreKUALA LUMPUR, Nov 10 — The ringgit opened firmer against the US dollar today, galvanised by the better Malaysia’s Industrial Production Index (IPI) data for September 2021. At 9.15am, the local note rose to 4.1490/1520 versus the greenback from 4.1505/1513 at Tuesday’s close. ActivTrades trader Dyogenes Rodrigues Diniz said the higher-than-expected IPI data gave a boost to the buying support for the […]
Read MoreKUALA LUMPUR, Nov 9 — The ringgit closed marginally higher against the US dollar today, albeit moving in a tight range. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said this was in tandem with the weak dollar with the US dollar index falling slightly to below 94 points. At 6pm, the local […]
Read MoreKUALA LUMPUR, Nov 9 — The country’s unemployment rate continued its downward trend at 4.5 per cent in September 2021, registering 729,600 unemployed persons, said Chief Statistician Datuk Seri Mohd Uzir Mahidin. He said the labour force situation had improved further as employment continued to increase while the unemployment rate was on a declining trend. […]
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