KUALA LUMPUR, April 11 ― The sales value of the manufacturing sector posted double-digit growth of 10.3 per cent year-on-year to record RM145.2 billion in February 2023, said the Department of Statistics Malaysia (DoSM). According to chief statistician Datuk Seri Mohd Uzir Mahidin, the increase was contributed by strong growth in transport equipment and other […]
Read MorePETALING JAYA: Analysts generally are mixed about the Malaysian real estate investment trusts (MREITs) as the sector remains under a bearish supply outlook with more space expected to worsen the oversupply conditions, while on the demand side, the weaker economy is set to impact disposable incomes. The bright spot is the rebound in inbound tourist […]
Read MorePETALING JAYA: Trade between Malaysia and the UK, which currently stands at £5.9bil (RM32.3bil), is set to get a boost this year with the latter’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). British Malaysia Chamber of Commerce (BMCC) chief executive officer Jennifer Lopez told StarBiz that with the UK’s accession to […]
Read MoreKUALA LUMPUR: The unit price index of steel rose 0.9 per cent in March 2023 from 1.5 per cent in February in tandem with the increasing trend of iron ore and steel prices at the global level, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the unit price […]
Read MorePETALING JAYA: Strong private domestic demand and the resumption of investment projects will be Malaysia’s main growth drivers this year, says Asean+3 Macroeconomic Research Office (Amro) deputy group head and senior economist, Anthony Tan. Tan expects the country’s gross domestic product (GDP) to moderate to 4.2% in 2023 before increasing to 5.2% in 2024. “Domestic […]
Read MorePETALING JAYA: Of late, the hot topic that is rapidly gaining pace is many countries, including Malaysia, are mulling the idea of reducing their trade dependency on the US dollar. Prime Minister Datuk Seri Anwar Ibrahim has also lent heavy support to the thought of reducing Malaysia’s dependency on the greenback in terms of attracting […]
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