KUALA LUMPUR: Malaysia’s industrial production index (IPI) surged 9.3% in March from a year ago, exceeding a Bloomberg survey of an 8.7%, as the growth was powered by the manufacturing and electricity segments. This was the strongest growth since July 2013. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Thursday the growth of […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sales grew 15.3 per cent year-on-year (y-o-y) to RM126.9 billion in March 2021, the highest growth in 44 months, said the Department of Statistics Malaysia (DoSM). On a monthly basis, the sales value increased by 7.2 per cent, according to chief statistician Datuk Seri Mohd Uzir Mahidin. “The year-on-year increase of […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s monetary policy committee maintained the overnight policy rate (OPR) at 1.75%, which was in line with economists’ expectations. Latest indicators point to continued improvements in economic activity in the first quarter and into April, the central bank said in a statement on Thursday after the meeting of the Monetary Policy […]
Read MoreKUALA LUMPUR (Bernama) — MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery. In a research note today, the brokerage viewed the targeted containment measures in several areas […]
Read MoreKUALA LUMPUR: HSBC Global Research expects Bank Negara to keep the Overnight Policy Rate at 1.75% at its third Monetary Policy Committee meeting on Thursday. In a research note yesterday, its chief economist for Asean, Joseph Incalcaterra, said despite downside risks to Bank Negara’s economic growth forecast, there was a high bar for further monetary […]
Read MoreKUALA LUMPUR: Malaysia is in a strong position to ride a vaccine-led global economic recovery once the domestic Covid-19 situation is under control, according to the Asean+3 Macroeconomic Research Office (AMRO). “Increasing coverage of ongoing vaccination programmes globally bodes well for a broader pick-up in global demand andMalaysia’s external sector, ” it said in its […]
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