KUALA LUMPUR: Malaysia may consider restrictions on foreign car imports to protect the country’s “infant industry”, Prime Minister Mahathir Mohamad said on Monday. Southeast Asia’s third-largest economy had liberalised its automotive industry over the past decade, allowing for cheaper imports but at the expense of local automaker Proton Holdings Berhad which struggled to stay afloat as […]
Read MoreKUALA LUMPUR: (Bloomberg): Malaysian Prime Minister Tun Dr Mahathir Mohamad is pushing back against China’s dominance in the economy, stalling billions of dollars of contracts as he tries to renegotiate them. He’s heading to China in August — specific dates haven’t been disclosed yet — to discuss those projects and try to win deals that […]
Read MoreKUALA LUMPUR: Foreign direct investments (FDIs) into Malaysia fell 12.7% in 2017 to RM41bil from the record RM47bil in 2016, according to the Statistics Department. It said on Tuesday the FDI flows in 2017 were mainly channelled into the services sector, particularly in real estate, financial and insurance / takaful; and Information and communication activities. […]
Read MoreEconomists and deputy minister don’t think country will be adversely affected THE WORLD’S second-largest economic juggernaut is now walking a thin tightrope – economically speaking that is. Touted as one of the fastest-growing economies post-millennium, China has been witnessing rising internal and external headwinds in recent times, even as its economic growth in 2017 outperformed […]
Read MorePETALING JAYA: Global coal prices, which have been on a steady rise, hit a six-year high early this month, increasingly putting pressure on the power generation industry in the country. Coal plays a large role in Malaysia’s energy scheme and is fully imported. Some 63%, is imported from Indonesia, with another 24% coming from Australia […]
Read More[KUALA LUMPUR] Malaysian Finance Minister Lim Guan Eng pared back expectations for economic growth for this year to about 5 per cent as the export-reliant nation braces for knock-on effects of a brewing trade war. “If the global economy slows, as a trading nation, definitely Malaysia will be impacted,” Mr Lim said in an interview […]
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