PETALING JAYA: Malaysia’s February exports rose 17.6% year-on-year to RM87.57bil, on the back of rising global demand for semiconductors, rubber products as well as petroleum products and palm oil. According to the International Trade and Industry Ministry (Miti), this was the sixth consecutive month of export growth for Malaysia, as well as the country’s highest […]
Read MorePETALING JAYA: Foreign investors turned net sellers on Bursa Malaysia in the previous week with a recorded outflow of RM239.8mil. Offshore funds were net negative for everyday of the week except Wednesday and Friday. The foreign sell-off peaked on Tuesday with RM213.97mil net equities sold. Year-to-date foreign net selling has amounted to RM1.52bil, which compares […]
Read MoreKUALA LUMPUR: Malaysia’s February exports rose 17.6% year-on-year (y-o-y) to RM87.57bil, backed by rising global demand for semiconductors, rubber products as well as petroleum products and palm oil. According to the International Trade and Industry Ministry (Miti), this was a sixth consecutive month of export growth for the country and its highest recorded growth in […]
Read MoreKUALA LUMPUR: The World Bank is projecting the country’s gross domestic product (GDP) to grow by 6% this year, lower than its earlier forecast of 6.7%. In its Economic Update for East Asia and the Pacific – Uneven Recovery released yesterday, the bank said the growth is expected to be supported by the gradual strengthening […]
Read MoreKUALA LUMPUR: Malaysia’s government will pay more attention to economic sectors most affected by the pandemic such as tourism and retail, and will wait for the recovery to gain traction before considering any new taxes, the country’s finance minister said yesterday. The Finance Ministry is studying the possibility of a consumption tax, but “we have […]
Read MoreKUALA LUMPUR: Malaysia’s government will pay more attention to economic sectors most affected by the pandemic such as tourism and retail, and will wait for the recovery to gain traction before considering any new taxes, the country’s finance minister said Friday. The Finance Ministry is studying the possibility of a consumption tax, but “we have […]
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