OngKianMing
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Malaysia can post 4.8-4.9% GDP growth for 2018: Ong

KUALA LUMPUR: Malaysia is capable of achieving gross domestic product (GDP) growth of between 4.8 per cent and 4.9 per cent in 2018 on the back of stronger economic figures recently, says Deputy Minister of International Trade and Industry Dr Ong Kian Ming. He said the manufacturing sector would continue to drive the country’s exports […]

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malay01
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Malaysia – Yong: Impossible to evade paying taxes

PETALING JAYA: The government stands to collect an additional few billion ringgit from individuals and companies with overseas bank accounts under the Special Voluntary Disclosure Programme (VDP), according to Tax Advisory and Management Services Sdn Bhd chief executive officer Yong Poh Chye. The majority of individuals and companies own overseas bank accounts because of property […]

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Malaysia: High IPI hints to firmer economy in Q4

PETALING JAYA: The higher-than-expected industrial production growth in December 2018 hints at a stronger economic expansion for Malaysia in the fourth quarter of 2018, according to MIDF Research. Led by stronger manufacturing sector performance, the country’s industrial production index (IPI) for December 2018 rose by 3.4%, beating a Bloomberg survey of 2.7%. In November 2018, the IPI increased at a slower pace of […]

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Malaysia: Services PPI rises 0.6% in Q4 2018

KUALA LUMPUR: The Services Producer Price Index (SPPI) rose 0.6% in Q4 2018 from the previous corresponding quarter due to increases across most sub-sectors. Compared to the previous quarter, the SPPI for the quarter under review rose 0.2%. Datuk Sri Mohd Uzir Mahidin, chief statistician of the Department of Statistics, said the main contributions to […]

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Malaysian market sees robust inflow

PETALING JAYA: The stronger ringgit is fuelling a surge of inflow into the local bond market, driving yield on the 10-year Malaysian Government Securities (MGS) below 4% for the first time since April last year. Analysts said the rally in the bond market still has room to continue with the strength of the ringgit supporting […]

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Malaysia set to buck global foreign direct investment trend

PETALING JAYA: Amid a global declining trend in foreign direct investment (FDI) due to weaker economic growth, Malaysia’s FDI inflows are set to buck the trend. Economists are bullish on the country’s FDI inflows this year despite the downside risks from weaker economic global growth and uncertainties that could impact the inflows. Sunway University Business […]

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