KUALA LUMPUR: Malaysia’s industrial output rose 4% in June, which was above economists’s forecast of a 3% growth, mainly underpinned by the manufacturing sector’s electrical and electronics (E&E) segment. The Statistics Department said on Thursday the increase was supported by positive growth in all sectors, with manufacturing recording a 4.7% growth, mining (2.4%) and electricity […]
Read MoreKUALA LUMPUR: Lazada Malaysia aims to expand the range of products under its automotive segment within two years, said chief executive officer Hans-Peter Ressel. He said there are about one million automotive products currently available on its platform, including oil and fluids as well as accessories, adding, demand for these had been increasing. “We are […]
Read MoreKUALA LUMPUR — Malaysia’s exports in June grew 10% from a year earlier, government data showed on Friday, well below expectations, as shipments of manufactured goods fell. Export growth missed the 15.8% forecast by a Reuters poll and was sharply down from May’s 32.5% growth. Exports of metal products and tech equipment fell 13.3% and 7.0% respectively in June, data from the International […]
Read MoreKUALA LUMPUR: RAM Ratings expects Malaysia’s export growth to slow down in June after the jump in May due to slower demand for exports from China and Singapore, after consecutive months of rapid build-up in capacity and re-stocking. The ratings agency said in a statement that it expected June export growth to be a healthy […]
Read MoreKumpulan Wang Persaraan (Diperbadankan), Malaysia’s second-largest pension fund, is considering investing in foreign-owned insurers based here, Bloomberg reports. KWAP CEO Datuk Wan Kamaruzaman Wan Ahmad spoke to the newswire in a phone interview, saying KWAP is asking for pitches following inquiries from banks about possibly buying stakes in overseas insurers’ Malaysian units. This comes following […]
Read MoreKUALA LUMPUR: RAM Ratings expects Malaysia’s export growth to slow down in June after the jump in May due to slower demand for exports from China and Singapore, after consecutive months of rapid build-up in capacity and re-stocking. The ratings agency said on Wednesday it expected June export growth to be a healthy 17.5% though […]
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