KUALA LUMPUR: The International Monetary Fund (IMF) maintains its forecast on Malaysia’s gross domestic product (GDP) growth this year at 6.5 per cent, according to its latest World Economic Outlook (WEO) report published today. Themed “Managing Divergent Recoveries”, the report also stated that the country’s economy is expected to grow at 6.0 per cent in […]
Read MoreKUALA LUMPUR: Malaysia is confident of attracting more foreign investment this year after a big decline in 2020, and is looking at incentives to help support that goal, its finance minister said on Monday. Tengku Zafrul Abdul Aziz said in an interview that incentives had traditionally been linked to the size of investments, but that […]
Read MorePETALING JAYA: The results of RAM’s Business Confidence Index (BCI) survey for the first quarter (Q1) of 2021, which was concluded in mid-March, reveal that businesses remain pessimistic through the next three months. Having polled 229 firms across Malaysia, about 93% of which are small and medium enterprises (SMEs) and micro enterprises, the overall BCI […]
Read MoreWHILE looking forward to a better operating environment, banks are prepared for the pace of recovery to be uncertain and uneven. Amid the new normal, they will remain vigilant and agile in balancing growth with risks. Many customers have been significantly hurt by the pandemic and will remain in need of financing support from banks. […]
Read MoreKUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI), a composite single-figure indicator of manufacturing performance, rose to 49.9 in March from 47.7 in February. IHS Markit said in a statement the latest reading pointed to a stabilisation in operating conditions, with the headline Index reaching its highest since July 2020. Chief […]
Read MoreKUALA LUMPUR: Despite generally benefiting from external trade given the rebound in global growth and the pick-up of international trade, Malaysia has to remain vigilant to the risk of rising trade tension between the United States and China. Bank Negara deputy governor Datuk Abdul Rasheed Ghaffour (pic) said Malaysia’s well-diversified trade in terms of source […]
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