KUALA LUMPUR : Malaysia’s industrial production in May rose 4.1 per cent from a year earlier, below forecast, government data showed on Friday. May’s industrial production was expected to rise 5.9 per cent, according to 12 economists surveyed in a Reuters poll. Source: Reuters
Read MorePUTRAJAYA, July 7 — The number of unemployed persons in May this year continued to decline with a reduction of 1.8 per cent to 637,700 persons, from 649,300 person the previous month, according to the Statistics of Labour Force for May 2022 released by the Department of Statistics Malaysia (DoSM) today. Chief Statistician Datuk Seri […]
Read MoreKEY POINTS Malaysia is in an “enviable” position because fuel subsidies have shielded households from higher oil prices, according to an economist. “Even though we’re seeing this acceleration in inflation, and we’re going to see higher inflation going forward, particularly into the second half … households have in some way been shielded because of these […]
Read MoreKUALA LUMPUR: Public Bank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR)/Base Financing Rate (BFR) by 25 basis points (bps), or 0.25 per cent, effective July 8. The banking group said this was in line with Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) hike by 25 basis points from 2.00 […]
Read MoreThe Council for the Development of Cambodia (CDC) is ready to provide services to Malaysian investors in Cambodia, attracting foreign investment to Cambodia. Sok Chenda Sophea, Secretary-General of the Council for Development of Cambodia, said this at the 6th ‘Asean-Italy High-Level Dialogue on Economic Relations’ in Kuala Lumpur, Malaysia, on July 5-6. The event was […]
Read MoreMALAYSIA’S central bank on Wednesday (Jul 6) raised its benchmark interest rate for the second straight meeting, as it looked to tame rising inflation while keeping an eye on unexpectedly weak global economic growth. Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 2.25 per cent, as expected by all […]
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