PETALING JAYA: The World Bank has lowered its 2023 growth target for Malaysia to 4.2% from 4.5% earlier and warned that significant headwinds will continue to persist. World Bank lead economist for Malaysia Apurva Sanghi said as an open economy, Malaysia faces the brunt of global supply disruptions. “But if you zoom out, the disruptions […]
Read MoreKUALA LUMPUR, Sept 27 — The World Bank has revised upward its gross domestic product (GDP) growth forecast for Malaysia to 6.4 per cent in 2022 against 5.5 per cent projected earlier on the back of heightened economic activity in the first half of the year (1H22). Apurva Sanghi, the bank’s lead economist for Malaysia, […]
Read MorePETALING JAYA: DHL Express will increase its rate in Malaysia by an average 7.9% effective Jan 1, 2023, compared with 2022. DHL Express Malaysia managing director Julian Neo (pix) said so far, 2022 has been another turbulent year with a volatile market environment challenging global trade. However, it has proven its ability to offer stable […]
Read MorePETALING JAYA: Uncertainties in the global landscape might curb the upward momentum of Malaysia’s recent external trade performance, according to AmBank Research. External trade continued to show robust growth in August, as overall trade surged by 56.7%, thus bringing total trade to RM265.7bil. The strong trade data was supported by robust exports, which grew by […]
Read MoreMALAYSIA’S economy will grow at a slower pace in 2023 compared to this year, Finance Minister Tengku Zafrul Aziz said in a statement on Wednesday (Sep 21). Zafrul cited slowing global growth, rising commodity and food prices, US-China tensions and China’s strict Covid-19 containment measures that were affecting supply chains. Malaysia had earlier forecast its […]
Read MorePETALING JAYA: Malaysia is to experience robust gross domestic product (GDP) growth in the third quarter of this year (3Q22), partly owing to the low base of 3Q21 where GDP contracted by 4.5% year-on-year (y-o-y). Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said a GDP growth of between 8% and 9% for 3Q22 […]
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