PETALING JAYA: Malaysia is expected to register narrower trade surplus this year amid the anticipated slowdown in export and import growth in the months ahead. That is the view shared by most economists who cited the downward risks posed by the US and European economies. They believed the banking crisis in these developed economies could […]
Read MorePETALING JAYA: The increase in tourist arrivals will have a positive impact on the consumer sector, supported by stronger domestic demand as the labour market remains stable, says MIDF Research. The research house said the reopening of most countries’ borders would further enhance Malaysia’s retail sales due to more tourist arrivals, especially those from China. […]
Read MoreKUALA LUMPUR — When Amazon Web Services (AWS) announced plans this month to invest $6 billion in Malaysia over the next 14 years, the government hailed it as a win for the country. “AWS was invited by many ASEAN countries but chose Malaysia,” national news agency Bernama quoted Prime Minister Anwar Ibrahim as saying in […]
Read MorePETALING JAYA: Vehicle sales rose 39% to 62,649 units last month, against 45,062 units in the previous corresponding period due to delivery of backlog orders, according to the Malaysian Automotive Association (MAA). In a statement yesterday, the association said the total industry volume in February 2023 was up 27% against January 2023’s 49,479 units. Year-to-date […]
Read MoreKUALA LUMPUR: Despite a sustained growth momentum in Malaysia’s exports seen last month, there are mounting expectations that this growth could see a moderation moving forward. Overall, while the sentiment remains cautious, Malaysia’s exports performance in February 2023 generally still has outperformed other country peers despite a gloomier global trade outlook. Another possible drag would […]
Read MoreCambodia, China, Malaysia, and Indonesia have agreed to set up a joint standard for bird nests for the Chinese market, aiming to build confidence among customers and boost exports. The agreement was made at a meeting in Beijing last week with representatives of bird nest associations from Malaysia, Indonesia, Cambodia, and China, said Va Sochin, […]
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