PETALING JAYA: As more jobs were added in June with the headline unemployment rate dropping to the lowest level since Covid-19 hit, it seems that Malaysia’s labour market is heading towards a sustained recovery. The month of June saw the largest contraction rate ever recorded for unemployment, dropping by 18% year-on-year, according to MIDF Research. […]
Read MoreMALAYSIA’S economy grew at its fastest pace in a year last quarter, thanks to a strong rebound in private consumption and buoyant exports, but a global economic slowdown poses a significant risk to the outlook, a Reuters poll found. The Aug 3-9 poll of 18 economists predicted South-east Asia’s third-largest economy expanded 6.7 per cent […]
Read MoreKUALA LUMPUR: The Building Materials Cost Index (BCI), without steel bars and with steel bars, for all building categories in Malaysia, increased between 0.3 and 24.4 per cent in July 2022 compared to a year ago, said the Department of Statistics Malaysia (DOSM). The department said that for the same period, the increase in BCI […]
Read MoreKUALA LUMPUR: Malaysia’s Manufacturing sales value in June 2022 expanded 23.4% to RM153.5bil as compared to RM124.4bil reported a year ago, according to the Statistics Department (DOSM). On a month-on-month growth, the sales value expanded by 8.1% from RM142bil in May 2022 while in seasonally adjusted terms, the sales value increased by 6.9%. “The year-on-year […]
Read MoreKUALA LUMPUR: The Industrial Production Index (IPI) increased 12.1% in June 2022 as compared to the same month of the previous year, exceeding the forecasts by Reuters. According to 12 economists surveyed in a Reuters poll, June’s IPI was expected to rise by 4.9%. In a statement, the Statistics Department (DOSM) said the manufacturing output […]
Read MorePETALING JAYA: The country’s economy may have recorded another strong year-on-year (y-o-y) growth in the April-to-June period, potentially surpassing the 5% y-o-y growth rate seen in the first quarter of 2022 (1Q22). Ahead of the release of the gross domestic product (GDP) figures this Friday, economists when contacted by StarBiz think that strong domestic demand […]
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