KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing purchasing managers’ index (PMI) slipped to 47.9 in November, down from 48.7 in October. S&P Global, in a statement, said the latest reading pointed to a more marked slowdown in business conditions which was the strongest since August 2021. The latest PMI reading is representative of […]
Read MoreKUALA LUMPUR: Malaysia’s producer price index (PPI) has eased slightly to 4.0 per cent in October 2022 as compared to 4.9 per cent in the preceding month, the Department of Statistics Malaysia (DoSM) said. Chief statistician Datuk Seri Mohd Uzir Mahidin said the index for the month was attributed to a 7.3 per cent increase […]
Read MorePETALING JAYA: The continued rise in Malaysia’s core inflation leaves Bank Negara with little choice but to raise interest rates even higher. The core inflation, which excludes administered and volatile price items, reached a new peak in October at 4.1% year-on-year (y-o-y), even though the country’s headline inflation has been moderating to 4% in the […]
Read MoreMOST Asian currencies recovered marginally on Tuesday, with the South Korean won and Singapore dollar leading gains, as the U.S. dollar pared some of its overnight gains. The Malaysian ringgit declined sharply as political uncertainty dampened sentiment. The U.S. dollar, which rallied in the previous session on mounting worries over China’s COVID situation, moved broadly […]
Read MoreKUALA LUMPUR: Malaysian exports rose 15% year-on-year (y-o-y) to RM131.6bil in October 2022, with Penang registering the highest exports at RM7.1bil. Malaysia’s total trade in October jumped 21% to RM245.2bil. The Statistics Department said according to the export-import statistics by state for October, higher exports were also recorded in most states such as Johor (RM4.8bil), […]
Read MorePETALING JAYA: Headline inflation is expected to ease going into 2023, but living costs will remain a concern with retail prices unlikely to come down anytime soon, said an economist. AmBank Research group chief economist Anthony Dass believes the expected global economic slowdown in 2023 would ease the supply-demand imbalances that have been distorting prices. […]
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