KUALA LUMPUR: Ensuring investor confidence in the Malaysian economy and its potential growth is crucial for the country to sustain its growth momentum, going forward, said Tan Sri Abdul Wahid Omar, chairman of the board of directors, Universiti Kebangsaan Malaysia. While saying that more than two-thirds of the Malaysian economy was driven by investments and […]
Read MoreKUALA LUMPUR: Malaysia’s economy expanded at 4.7% in the fourth quarter of 2018 (Q4 2018), which was above Bloomberg’s survey of a 4.5% growth, after the moderation in the two consecutive quarters. The key drivers of growth in the final quarter were resilient private consumption and the improvement in the commodity-related sectors, amid temporary supply […]
Read MoreKUALA LUMPUR: The ringgit was unchanged against the US dollar early Thursday as investors stayed on the sidelines for the release of Malaysia’s 2018 economic growth and last year’s fourth quarter gross domestic product (GDP) by Bank Negara Malaysia Thursday. At 9 am(0100 gmt), the local unit stood at 4.0650/0700 against the greenback from 4.0650/0690 […]
Read MoreKUALA 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 […]
Read MorePETALING 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 […]
Read MorePETALING 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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