Cambodian imports from Malaysia fell in 2020 to their lowest figure since 2016, according to a news release issued by Malaysia’s Ministry of International Trade and Industry (MITI). Malaysia’s 2020 exports to Cambodia dropped 42 percent year-on-year to $368.5 million, said Mohamed Azmin, the MITI’s senior minister. The pandemic had “directly caused major disruptions to […]
Read MorePETALING JAYA: Malaysia is still on track to achieve its gross domestic product (GDP) growth target of between 6.5% and 7.5% for 2021 despite a further extension of the movement control order (MCO 2.0), as the various stimulus packages and impending vaccine rollout will help steer the country towards recovery. Finance Minister Tengku Datuk […]
Read MorePETALING JAYA: Leading indicators show that Malaysia’s economy is still on the mend, but the pace of growth could be dragged down by the ongoing movement control order (MCO). Malaysia’s Leading Index (LI) rose at a faster pace of 7.1% year-on-year (y-o-y) in November 2020 (October: 6.3% y-o-y), which pointed to a recovery in Malaysia’s […]
Read MorePETALING JAYA: Malaysia is highly dependent on carbon-intensive industries and this poses growing risks to the country’s aim to embrace environmental, social and corporate governance (ESG) standards. As more international funds are factoring in sustainability and societal impact as part of their investment decisions, the government and businesses in Malaysia will need to speed up […]
Read MoreKUALA LUMPUR: Malaysia ranks as the third most attractive country for hotel investment in Southeast Asia, after Thailand and Singapore, according to global property consultancy Knight Frank Malaysia. Its Malaysian Hospitality Investment Intentions Survey, which analysed the investment perspectives of hotel owners, operators and owner-operators, revealed that 14 per cent of the respondents anticipated buying […]
Read MoreKUALA LUMPUR: The accumulated net foreign inflows of RM18.3 billion recorded by Malaysia’s bond market in 2020 reflects yield-hunting activities and, to some extent, represents the confidence of the capital market in the country’s policies and direction over the next few months, said Tengku Datuk Seri Zafrul Abdul Aziz. The Finance Minister said although Bank […]
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