PETALING JAYA: A cut in the statutory reserve requirement (SRR) may be in the offing if liquidity in the banking system is further impacted by foreign capital outflows amid the external headwinds and domestic uncertainties. Some economists agree that SRR could come into play this year if financial conditions tighten further as a result of […]
Read MoreSINGAPORE: Tourist arrivals to Malaysia have been plateauing in the past few years and the government should take remedial measures to reverse this trend, according to Maybank Kim Eng’s regional head of institutional research Wong Chew Hann. “We have actually seen the tourist arrival numbers flattening, in fact it was down 0.4% last year to […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) expanded at a faster pace of 3.1% in March, exceeding a Bloomberg survey of a 2.3%, according to the Statistics Department. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday the increase in was supported by the growth in the index of electricity (4.8%) and manufacturing […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sales grew by 5.7% in March 2019 to RM72.4bil compared with RM68.5bil a year ago while the number of workers and the salaries and wages paid also increased, the Statistics Department said. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday that on month-on-month growth, sales value rose by 10.1% (RM6.6bil) while on a seasonally adjusted […]
Read MoreKUALA LUMPUR: The Economic Affairs Ministry will focus on developing new industries to drive the nation’s economy to a higher level and in tune with current developments. Its Minister Datuk Seri Mohamed Azmin Ali said the generation of new growth sectors was one of the seven strategic thrusts in the shared prosperity economic model outlined […]
Read MoreKUALA LUMPUR: Malaysia is in need of an economic growth plan for the longer run given the weaker business sentiment in the first half of this year, says UOB Research senior economist Julia Goh. This comes after RAM Business Confidence Index (BCI) showed that business confidence hit a record low for the first half of this year […]
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