PETALING JAYA: Personal consumption growth, an important indicator of the strength of the economy, may slow down this year with more interest rate hikes in the offing. Bank Negara had raised its overnight policy rate (OPR) by 100 basis points (bps) last year to 2.75% in a bid to tame inflationary pressures and in line […]
Read MorePETALING JAYA: Malaysia’s industrial production growth is expected to normalise in 2023 on the back of a dampened outlook among the country’s major trading partners, like the United States, United Kingdom and Europe, says AmBank Research. “Moving forward, we expect growth in production to slow down. The latest manufacturing Purchasing Managers’ Index number also has […]
Read MoreKUALA LUMPUR: The manufacturing sector continued its double-digit growth to record RM159.2bil in sales in November 2022, an increase of 11.8% year-on-year (y-o-y), the Statistics Department says. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the continuous growth was driven mainly by the electrical and electronic (E&E) products subsector (19%), particularly in the manufacture […]
Read MoreKUALA LUMPUR: Malaysia’s wholesale and retail trade sales grew 15.2 per cent year-on-year (y-o-y) to RM133.9 billion in November 2022, mainly boosted by growth in the retail trade sub-sector, said the Department of Statistics Malaysia (DOSM). On a month-on-month (m-o-m) basis, the sales value of wholesale and retail trade decreased by 0.1 per cent, contributed […]
Read MorePETALING JAYA: The return of Chinese tourists to Malaysia is set to benefit the retail and hospitality segments. Hence, both the retail real estate investment trusts (REITs) and hotel REITs such as Sunway-REIT, KLCCP Stapled Group and Pavilion-REIT are likely to benefit from the influx of tourist arrivals into the country. Foreigners typically make up […]
Read MorePUTRAJAYA: The number of unemployed persons declined to 600.9 thousand persons, recording an unemployment rate of 3.6%, according to the Statistics Department (DOSM). “In November 2022, the labour market further strengthened in line with the development of current economic activities. Thus, the labour force situation continued to expand during the month, with a continuous increase […]
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