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Malaysia: September CPI drops 1.4% on cheaper fuel

KUALA LUMPUR: Malaysia’s consumer price index fell 1.4% in September to 120.1 versus 121.8 in the same month of the preceding year due mainly to the downward pressure on fuel prices. Chief statistician Datuk Sri Mohd Uzir Mahdin said in a statement issued today that the segments contributing to the decrease were transport, housing, water, […]

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Malaysia: China biggest foreign investor in manufacturing for fourth year

KUALA LUMPUR: China remains Malaysia’s largest foreign investor in the manufacturing sector for the fourth consecutive year since 2016, with 32 foreign direct investments (FDIs) amounting to US$452.43mil (RM1.87bil) approved in the first six months of 2020. Deputy International Trade and Industry Minister Datuk Lim Ban Hong said Malaysia approved 79 FDIs worth US$3.74bil (RM15.5bil) […]

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Malaysia: Call for e-Wallet firms to work together and boost industry

PETALING JAYA: E-wallet providers have to work together to move the industry towards inter-wallet operability where money credits can be moved between different e-wallet operators, according to Boost chief executive officer Mohd Khairil Abdullah. “There are a lot of things the regulators are doing to support inter-operability. The interoperable credit transfer framework had been issued […]

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Malaysia set to lead in FDI inflow

KUALA LUMPUR: Malaysia stands to benefit from a potential inflow of investments as multinational companies (MNCs) are accelerating their decisions to optimise their business models and seek “high-value, high-impact” central operating models in strategic locations. According to Ernst and Young’s (EY) latest investor guide, “KL calling: dynamic, digital, diverse”, Kuala Lumpur is gaining global investors’ […]

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Malaysia – Bank Negara: Aid for borrowers until next year

KUALA LUMPUR: Repayment assistance will remain available this year and into 2021 for borrowers whose incomes have been affected by the Covid-19 pandemic. In a statement, Bank Negara said borrowers facing challenges have generally requested for reductions in monthly repayment installments or an extension of the moratorium, depending on circumstances. “Borrowers who have declined repayment […]

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