THE call for Malaysia to increase the retirement age, due to its ageing population and high number of citizens with insufficient savings, has grown louder as the Covid-19 pandemic has further eroded their savings. There are also suggestions to offer fixed term contracts, incentives for higher contributions towards savings as well as to increase the […]
Read MoreKUALA LUMPUR, Nov 28 — Malaysian exports rose 15 per cent year on year to RM131.6 billion in October 2022, with Penang posting the highest exports at RM7.1 billion. Malaysia’s total trade in October jumped 21 per cent to RM245.2 billion. In a statement, the Department of Statistics Malaysia (DOSM) said according to the export-import […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index (CPI) in October was up 4% an on annual basis to 128.6, as inflation moderated from September due to the absence of base effects. The increase was slightly above the median expectation of a poll of Reuters economists, who had predicted a rate of growth of 3.9%. Core inflation, […]
Read MorePETALING JAYA: Malaysia’s gross domestic product (GDP) growth rate is expected to remain respectable in 2023 but will be at a slower rate year-on-year (y-o-y) and supported by the country’s broad and diversified domestic economy, says RAM Ratings Services Bhd. RAM Ratings senior economist and head of economic research Woon Khai Jhek estimated GDP for […]
Read MoreKUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) expects Malaysia’s gross domestic product (GDP) to remain respectable in 2023 despite a slower growth forecast of 4.3 per cent compared with 8.2 per cent growth projection for 2022. During the RAM Insight Series webinar today titled “Economic Outlook 2023-Choppy Waters Ahead?”, senior economist and head of […]
Read MorePETALING JAYA: Malaysia needs to restructure its economic activities by concentrating on a technology-driven economy with high value-add to offer a better future for the people, said Sunway University economics professor Dr Yeah Kim Leng. He said there is an urgent need for the new government to shift to higher-value economic activities to generate high incomes […]
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