PETALING JAYA: The economy is likely to kickstart the year at a sluggish pace, even as Malaysians continue to feel the brunt of stubbornly high inflation. The ringgit is also forecast to weaken against the US dollar in the first quarter of 2023 (1Q23), amid the expected further rate hike by Bank Negara. In a […]
Read MoreKUALA LUMPUR, Jan 5 — Malaysia’s gross domestic product (GDP) is projected to moderate to 3.9 per cent in the first quarter of 2023 (1Q 2023) amid the risk of a global economic slowdown, said Kenanga Research. In a note today, the research firm said a global economic slowdown is likely to drag the country’s […]
Read MoreKUALA LUMPUR: Malaysia’s economy is on a strong footing to attract quality investments, said International Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz. In an interview with CNBC this morning, he said that although challenges still remain due to global economic uncertainties, China’s move to reopen its borders next week bodes well for […]
Read MorePETALING JAYA: Consumers will remain burdened by price pressures moving into 2023, as inflation continues to be stubbornly high in Malaysia. Core inflation has been rising for 14 straight months and food inflation surged to a record-high level in November 2022. With inflation likely to stay elevated, economists anticipate Bank Negara to raise its benchmark […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector continued to face challenging business conditions in December 2022, with the manufacturing purchasing managers’ index (PMI) easing to 47.8 against 47.9 in November, S&P Global said. “This marked a fourth consecutive softening of operating conditions across the Malaysian manufacturing sector,” it said in a statement. The latest moderation, though broadly […]
Read MorePETALING JAYA: Inflationary pressures are expected to stay elevated in the near term. UOB Global Economics and Markets Research said headline inflation, as measured by the change in consumer price index (CPI), would likely stay elevated in the near-term before decelerating this year. “The government is prioritising measures to reduce the cost of living by […]
Read More
Thailand
