KUALA LUMPUR: Malaysia’s economic performance is anticipated to normalise in the first quarter of 2023 (1Q23), with external trade being the main growth driver for gross domestic product (GDP). Malaysia University of Science and Technology economics professor Geoffrey Williams and HELP University economist Paolo Casadio, in a joint response to StarBiz, said they expect GDP […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in February 2023 remained at 3.7%, led higher by growing costs in food and hospitality. The rate of increase, which brought the consumer price index (CPI) to 129.8, was on a par with the increase in January, and higher than the 3.6% median forecast of a Reuters poll of economists. […]
Read MoreKUALA LUMPUR: Malaysia’s near-term economic growth is expected to face challenges with the leading index (LI) decreasing 1.5 per cent to 108.5 points in January 2023 from 110.2 points in January 2022, according to the Department of Statistics Malaysia (DoSM). The LI is a predictive tool used to anticipate economic upturns and downturns in an […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector recorded a strong growth of 17.4 per cent in gross output to RM1.61 trillion in 2021 from RM1.37 trillion in the year before, said the Department of Statistics Malaysia (DoSM). In line with the expansion of gross output, intermediate input grew by 18.2 per cent to RM1.25 trillion in 2021 […]
Read MoreKUALA LUMPUR: The international reserves of Bank Negara amounted to US$114bil (RM509.5bil) as of March 15, down marginally from US$114.3bil (RM510.8bil) as of Feb 28. “The reserves position is sufficient to finance five months of imports of goods and services,” the central bank said in a statement. Bank Negara said the main components of the […]
Read MoreKUALA LUMPUR: The Ministry of International Trade and Industry (Miti) foresees vast potential for nudging and behavioural insights (BI) in increasing the ease of doing business in Malaysia. Minister Tengku Datuk Seri Zafrul Abdul Aziz, said BI could be utilised in reducing compliance costs and deploying the optimum level of resources on regulatory or procedural […]
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