KUALA LUMPUR: Fitch Solutions Country Risk and Industry Research has maintained its forecast for credit growth in Malaysia to ease slightly to 4.3% this year from 4.5% in 2022, due to a weaker economic outlook and higher borrowing costs. It reckoned that “Malaysian banks on aggregate would likely remain on a stable footing despite potential […]
Read MorePETALING JAYA: Malaysia’s Industrial Production Index (IPI) experienced a 3.6% year-on-year (y–o-y) growth in February this year, underpinned by accelerated activities in the manufacturing sector, the Statistics Department has revealed. The growth in February was an improvement from the previous month, as January saw a modest IPI y-o-y expansion rate of 1.8%. In an IPI […]
Read MorePETALING JAYA: Labour market conditions in Malaysia are expected to continue improving this year, with more jobs available amid the recovery in domestic economic activities. According to economists, the February 2023 unemployment rate, which fell to its lowest since the Covid-19 pandemic, was already pointing to a trend of further recovery in the country’s labour […]
Read MoreKUALA LUMPUR, April 12 ― Malaysia’s natural rubber (NR) production decreased by 7.6 per cent to 27,209 tonnes in February 2023 from 29,451 tonnes in January 2023, said the Department of Statistics Malaysia (DoSM). In its monthly rubber statistics report released today, chief statistician Datuk Seri Mohd Uzir Mahidin said NR production fell by 2.7 […]
Read MoreKUALA LUMPUR, April 11 ― The government will continue to implement initiatives to ease the people’s burden, especially in dealing with the cost of living. Economy Minister Rafizi Ramli said the government has implemented the Menu Rahmah initiative under the Payung Rahmah programme which is targeted at helping the poor. He said the government has […]
Read MoreKUALA LUMPUR, April 11 ― The monthly sales value of wholesale and retail trade grew 14.7 per cent to RM134.3 billion in February 2023, according to the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Mohd Uzir Mahidin attributed the increase to the retail trade sub-sector, which surpassed the other sub-sectors after expanding by […]
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