KUALA LUMPUR: The value of construction work done in the second quarter of this year (2Q21) increased by 42.6% to RM28.20bil from a year ago but showed a decline from the first quarter due to the restrictions imposed due to the Covid-19 pandemic. The value fell by 10.5% in 2Q from the RM31.4bil in 1Q, […]
Read MoreKUALA LUMPUR: The ringgit opened the week on a weaker note as investors continued to worry over Malaysia’s highest daily COVID-19 cases. At 9.02 am, the local note stood lower at 4.2230/2250 versus the greenback compared with 4.2180/2205 at Friday’s close. On Friday, Malaysia recorded 20,889 new COVID-19 infections, the highest since the pandemic started […]
Read MoreKUALA LUMPUR: Malaysia’s socio-economic landscape was devastated in 2020, as every state in the country posted negative economic growth as a result of the Covid-19 outbreak, said the Statistics Department. Nevertheless, eight states still managed to perform better than the 5.6% gross domestic product (GDP) contraction recorded at the national level. These states are Labuan, […]
Read MorePETALING JAYA: Malaysia’s monthly export and import unit value indices continued to record a positive growth in June 2021 at 1.9% and 0.5%, respectively, amid uncertain economic activities, the Department of Statistics Malaysia (DoSM) said. In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said the higher export unit value index was contributed […]
Read MorePETALING JAYA: Malaysia’s weak manufacturing activities, as measured by the Purchasing Managers’ Index (PMI), reflect signs of a downturn in the country’s industrial production and gross domestic product performance. This is based on the historical relationship between the PMI and official statistics, according to IHS Markit, which compiled the PMI data. IHS Markit said the […]
Read MoreKUALA LUMPUR: The ringgit was lower on Monday amid lack of catalysts, domestically. At 9.14 am, the local note eased to 4.2235/2265 versus the greenback from Friday’s close of 4.2190/2220. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim opined that the ringgit will continue trading above 4.20 today and this week amid the heightened number […]
Read More
Thailand
