KUALA LUMPUR (Sept 12): The sales value of Malaysia’s wholesale and retail trade grew 41% year-on-year (y-o-y) to RM130.7 billion in July 2022, led by a 613.8% jump in motor vehicles’ sales value and as the country’s retail trade value rose 37.5% and wholesale trade value grew 20.6%, according to the Department of Statistics Malaysia […]
Read MoreMALAYSIA’S trade chief recommended giving the South-east Asian economy more time to recover from the shock of the Covid-19 pandemic before holding a general election in order to prioritise helping its citizens. An early election has yet to be brought up in Prime Minister Ismail Sabri Yaakob’s cabinet, but aides had discussions and want to […]
Read MoreMALAYSIA’S central bank raised the key overnight policy rate (OPR) by 25 basis points to 2.5 per cent on Thursday (Aug 8) in a widely-expected move, while noting that growth momentum is expected to continue. Bank Negara Malaysia emphasised that the monetary policy committee is not on any pre-set course and will continue to assess evolving […]
Read MoreMALAYSIA’s industrial production in July rose 12.5 per cent from a year earlier, below forecast, government data showed on Friday. July’s industrial production was expected to rise 15.2 per cent, according to 13 economists surveyed in a Reuters poll. REUTERS
Read MoreKUALA LUMPUR: Malaysia’s central bank raised its benchmark interest rate for the third straight meeting on Thursday (Sep 8), as it looks to tame rising inflation. Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 2.50 per cent, as expected by 19 of 20 economists polled by Reuters. BNM said […]
Read MoreKUALA LUMPUR: At the conclusion of its monetary policy committee (MPC) meeting, Bank Negara increased the overnight policy rate by 25 basis points to 2.5%, in line with market expectations. In a statement, it said it increased the ceiling and floor rate of the corridor of the OPR to 2.75% and 2.25% respectively. “At the […]
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