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Business activity in Malaysia plunged in first half of 2021 amid lockdowns, survey finds

KUALA LUMPUR, Sept 1 — Business activity slowed down markedly in the first half (H1) of 2021 as the tightening of Covid-19 lockdowns put further strains on the manufacturing sector, according to a biannual industry survey. In the business conditions survey jointly conducted by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER), more than […]

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Malaysia’s Manufacturing Downturn Moderated in August

By Chester Tay Malaysia’s manufacturing continued to contract in August though the downturn showed signs of moderating. IHS Markit’s purchasing managers index edged up to 43.4 in August from 40.1 in July, remaining below the 50.0 mark that separates contraction from expansion. Businesses reported sustained reductions in production and new orders. The latest rise in […]

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DoSM: Malaysia’s business confidence dropped -21.3 pc in Q3; all industries pessimistic with retail gloomiest

KUALA LUMPUR, Aug 26 ― Businesses from all sectors in Malaysia are more pessimistic about their business conditions in the third quarter of 2021 or the months of July to September, the Department of Statistics Malaysia (DoSM) said today. In its latest Business Tendency Survey, DoSM noted that businesses’ confidence indicator had fallen to -21.3 […]

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