PETALING JAYA: The labour market is expected to further improve, underpinned by the robust recovery in the domestic economy. Hong Leong Investment Bank (HLIB) Research, in a report, said the labour market would be fuelled by new job-related initiatives to be implemented under the retabled Budget 2023. The research house, however, said the pace of […]
Read MoreKUALA LUMPUR: The manufacturing sector recorded RM158.9 billion in sales in October 2022, an increase of 12.9 per cent year-on-year, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the double-digit growth in sales value for October 2022 was largely driven by the petroleum, chemical, rubber and plastic […]
Read MoreKUALA LUMPUR: Malaysia’s wholesale and retail trade continued to record a sturdy growth of 15.2 per cent to RM133.9 billion in October 2022, said the Department of Statistics Malaysia (DoSM). In a statement today, chief statistician Datuk Seri Mohd Uzir Mahidin said the increase in October was attributed to retail trade sub-sector which rose RM12.0 […]
Read MoreKUALA LUMPUR( Dec 9): Unemployment fell to the lowest level since the Covid-19 pandemic in October 2022, reaching 602 thousand persons, the Department of Statistics Malaysia (DOSM) reported on Friday (Dec 9). In the release of labour force statistics for October 2022, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said: “The optimistic labour force performance […]
Read MorePETALING JAYA: Consumer spending is expected to remain resilient going into 2023, underpinned by economic growth and stable employment markets. However, in a report, RHB Research said the growth momentum may cool in view of the absence of spending boosters, namely Employees Provident Fund withdrawals, loan moratoriums, low interest rates, high commodity prices and pent-up […]
Read MorePETALING JAYA: Net interest margins (NIMs) of banks are expected to come under pressure and affect earnings in the medium-term as competition for deposits intensifies. The slower economic growth next year may also put a drag on bank’s earnings moving forward, but analysts believed pre-emptive provisions made earlier may cushion the impact. NIM is a […]
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