KUALA LUMPUR, June 26 — Malaysia’s exports are projected to hit US$425 billion (US$1=RM4.68) by 2030 at an annual growth rate of 6.8 per cent, said Standard Chartered. The country would be a key driver of global trade growth which is set to reach US$32.6 trillion with a growth rate of 5 per cent by […]
Read MorePETALING JAYA: Malaysia’s fiscal position and its economy is not expected to take a hit amid pressures and volatility in the global oil market. The nation as a net exporter of the commodity has buffers in the form of oil royalties which would cushion any impact from potential lower oil prices and not affect its […]
Read MoreKUALA LUMPUR: Malaysia’s total trade surged by 27.8 per cent to RM2.8 trillion in 2022 versus RM2.2 trillion in the year before, said the Department of Statistics Malaysia (DoSM). Exports grew 25 per cent to RM1.6 trillion in 2022 as compared to RM1.2 trillion in 2021, while imports rose by 31.3 per cent to RM1.3 […]
Read MorePETALING JAYA: An uneven global economic slowdown is seen in the second half of 2023 (2H23) with a recession in the United States likely in the fourth quarter (4Q23), according to CGS-CIMB Research. It expects China to see a soft rebound, while the European Union may fare better than previously expected although Germany had already […]
Read MorePETALING JAYA: Malaysia’s industrial output contracted in April amid the deterioration in export-oriented industries and slower domestic economic growth. According to the Statistics Department, the country’s industrial production index (IPI) fell 3.3% year-on-year (y-o-y) in April 2023, after growing 3.2% y-o-y in the preceding month. The decline in the April IPI was driven by contraction […]
Read MorePETALING JAYA: Foreign direct investment (FDI) from central and eastern European (CEE) countries into Malaysia is set to get a boost as more businesses and consumers from these countries become more aware of the potential strength of Asian economies amid the growing difficult global economic landscape. International strategic communications company Rothman and Roman Intelligence Unit […]
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