KUALA LUMPUR: Malaysia’s industrial production remained strong in May 2021 but the robust growth may not be sustainable, according to AmBank Research. It noted that the Industrial Production Index (IPI) growth slowed down during the month with a smaller increase of 26% year-on-year (y-o-y) compared with the 50.1% y-o-y growth seen in April. “The performance […]
Read MoreAsia’s economic recovery may be the driving force in a resurgence in global growth this year, led by China and a revitalised India. Moody’s Analytics is forecasting a rebound of 5.5 percent in real gross domestic product (GDP) following the historic 3.7 percent contraction in 2020. However, another wave of Coronavirus, and ongoing lockdowns, may […]
Read MorePETALING JAYA: The Malaysian-German Chamber of Commerce and Industry (MGCC) is the among latest trade group to urge the government to reassess the standard operating procedures (SOPs) under the current lockdown and ramp up vaccinations to ensure business sustainability. In a statement, the MGCC said there had been confusion with regards to applicable SOPs and […]
Read MorePETALING JAYA: Malaysia will lower its economic growth outlook for this year due to movement restrictions against Covid-19, the country’s finance minister said, signalling the government may forecast expansion around 4%. While there’s optimism that the current surge in cases can be contained and lockdowns can be eased, the government still expects to lower its […]
Read MorePETALING JAYA: Uncertainties surrounding the duration of the first phase of the National Recovery Plan (NRP) are expected to weigh on Malaysia’s economic growth, especially in the third quarter of this year. While seven states have since moved on to the second phase of the NRP, which allows for an expanded list of activities, the […]
Read MoreKUALA LUMPUR: Malaysia will downgrade its economic growth outlook this year, according to the country’s finance minister, signaling that it could see expansion around 4%. While there is optimism the spread of Covid-19 can be contained and lockdowns can be eased, the government still expects to lower its gross domestic product outlook for this year, […]
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