KUALA LUMPUR : Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion. “Based on an assessment by authorities in Malaysia, the exposure of local banks to this crisis in the United States is minimal and limited,” Deputy […]
Read MoreKUALA LUMPUR: The Ministry of Finance (MoF) stressed that Malaysia will not experience an economic turmoil this year although the country is faced with global economic uncertainties. Deputy Finance Minister II Steven Sim Chee Keong said the technical definition of an economic recession is when a country experiences two consecutive quarters of economic contraction. “This […]
Read MorePETALING JAYA: The country’s economy may have grown by 5.3% year-on-year (y-o-y) in January 2023 as economic activities eased in the month. Maybank Investment Bank (Maybank IB) Research said the gross domestic product (GDP) growth could have slowed down in January, as compared to a growth of 8.3% in December 2022. The actual growth rate […]
Read MorePETALING JAYA: The country’s industrial production is expected to remain weak in the first quarter of the year (1Q23), before showing improvement in the near term. Despite the potential risk of weak global demand, there are bright spots that could raise the industrial production performance going forward, analysts noted. TA Research said although there is […]
Read MorePETALING JAYA: Personal spending in Malaysia is expected to moderate this year amid the rising cost of living. Pressure on private consumption is also seen coming from higher interest rates and the waning impact of the special Employees Provident Fund (EPF) withdrawal scheme. Given the challenges, TA Research has projected a slower growth of 7.2% […]
Read MoreKUALA LUMPUR, March 14 — Inflation is slowing down. January’s consumer price index slowed to 3.7 per cent compared to the same month the previous year. In December 2022, it was 3.8 per cent, continuing the dipping trend that began at the start of the fourth quarter. Inflation is also expected to “moderate” this year […]
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Thailand
