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Malaysia eyes curbs on imports

KUALA LUMPUR: Malaysia may consider restrictions on foreign car imports to protect the country’s “infant industry”, Prime Minister Mahathir Mohamad said on Monday. Southeast Asia’s third-largest economy had liberalised its automotive industry over the past decade, allowing for cheaper imports but at the expense of local automaker Proton Holdings Berhad which struggled to stay afloat as […]

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FDIs into Malaysia down 12.7% to RM41b in 2017

KUALA LUMPUR: Foreign direct investments (FDIs) into Malaysia fell 12.7% in 2017 to RM41bil from the record RM47bil in 2016, according to the Statistics Department. It said on Tuesday the FDI flows in 2017 were mainly channelled into the services sector, particularly in real estate, financial and insurance / takaful; and Information and communication activities. […]

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trade fallout
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Trade war fallout on Malaysia

Economists and deputy minister don’t think country will be adversely affected THE WORLD’S second-largest economic juggernaut is now walking a thin tightrope – economically speaking that is. Touted as one of the fastest-growing economies post-millennium, China has been witnessing rising internal and external headwinds in recent times, even as its economic growth in 2017 outperformed […]

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