KUALA LUMPUR (Feb 17): Vehicles sold in Malaysia fell 36% to 49,461 units in January 2023, from 76,657 units in December 2022, as the month had fewer working days due to the Chinese New Year festivities, while a shortage of chips and components continued to dog certain makes. According to the Malaysian Automotive Association (MAA) in a […]
Read MoreKUALA LUMPUR: While economists agree that Malaysia is on track to become a high-income nation by 2026 if economic growth stays above 4% over the next three years, there remain critical challenges such income inequality, attracting more private investments and ensuring that inflation and currency issues are dealt with. Sunway University economics prof Yeah Kim […]
Read MorePETALING JAYA: While pre-Budget news reports have been on managing federal government spending, growing revenue should be a priority in the revised Budget 2023. Government revenue is expected to dip to 15% of gross domestic product (GDP) in 2023, after temporarily increasing in 2022 to 16.7% of GDP, as crude oil prices moderate to the […]
Read MoreKUALA LUMPUR: Malaysia’s gross output expanded by RM307.6 billion or 10.6 per cent to RM3.21 trillion in 2021 from RM2.90 trillion in 2020, said the Department of Statistics Malaysia (DOSM). In its Annual Economic Statistic 2021, DOSM said the manufacturing sector remains a primary contributor with a 50.1 per cent share, or RM1.61 trillion, of […]
Read MorePETALING JAYA: Malaysia can achieve high-income status by 2026 if its economic growth rate is able to sustain in a range of between 4% and 5% annually, says Economy Minister Rafizi Ramli. The Pandan MP said the strengthening of the ringgit was another factor that could aid the country in achieving the high-income status. Rafizi […]
Read MorePETALING JAYA: The worst may be over for the Malaysian labour market, but experts say structural issues are still abundant. In fact, while more Malaysians are being hired, the national unemployment rate for 2022 was recorded at 3.6%, considerably above the 2019 pre-pandemic level of 3.3%. Economist Geoffrey Williams told StarBiz that the local labour […]
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