Thailand’s Transport Ministry is working with its Malaysian partner to develop a high-speed rail network that will connect four member countries of the Association of Southeast Asian Nations (Asean) and China, according to a media report. Permanent Secretary for Transport Chayatan Phromsorn met with his Malaysian counterpart Isham Ishak and companies from the neighbouring country […]
Read MorePETALING JAYA: Malaysia’s inflation rate could have reached up to 11.4% if the government had not implemented the subsidies, according to Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said measures to ease the people’s financial burden through the provision of subsidies, aid and incentives enabled Malaysia to record an inflation […]
Read MoreSINGAPORE (BLOOMBERG) – Malaysia’s ringgit is headed towards a test of support at its 2017 low as oil prices slide, opening the door to the currency tumbling to levels last seen during the Asian financial crisis. The ringgit has been in steady decline since the first quarter – even as prices for the country’s commodity […]
Read MoreTHE retail sector, with sales growth expected at 13.1% this year after falling 2.3% in 2021, is expected to stay buoyant for the time being, amidst risks of high inflation, interest rate hikes and possible global recession. With Malaysia’s broad subsidisation policy keeping inflation down, retail sales are surging partly on a low-base effect as […]
Read MoreKUALA LUMPUR, Aug 19 — Malaysia’s trade continued its upward trajectory, rising 39.8 per cent to RM252.65 billion in July 2022 compared with RM180.69 billion in the same month last year, said the Ministry of International Trade and Industry (Miti). This was the 18th consecutive month of double-digit growth. Senior Minister Datuk Seri Mohamed Azmin […]
Read MoreKUALA LUMPUR: Malaysia’s total trade continued to trend higher, expanding 39.8% year-on-year (y-o-y) in July 2022 with double-digit increases in both exports and imports. According to a statement by the Ministry of International Trade and Industry (Miti), the country’s exports increased 38% to RM134.07bil while imports expanded 41.9% to RM118.58bil for a total trade value […]
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