KUALA LUMPUR: Malaysia’s economic growth projection of between 5.3 per cent and 6.3 per cent this year is still on track, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz(pix). “But things are very fluid, so we have to continuously monitor the progress to ensure that both appropriate monetary and fiscal responses are done to […]
Read MoreMalaysian consumers are expected to have a surcharge imposed on their electricity bills next month due to the continuously rising fuel prices as a result of the conflict between Russia and Ukraine that started in February this year, according to a report by The Vibes. National utilities company Tenaga Nasional Berhad (TNB) is facing difficulty in keeping rates […]
Read MoreKUALA LUMPUR: The retail industry recorded a growth rate of 18.3% in the first quarter of 2022 (1Q22), spurred by better economic conditions and further easing of movement restrictions. This is comparable to the -9.9% contraction in retail sales during the first quarter of 2021 (1Q21), said Retail Group Malaysia (RGM), in its latest retail […]
Read MoreMALAYSIAN companies from palm oil plantations to semiconductor makers are refusing orders and forgoing billions in sales, hampered by a shortage of more than a million workers that threatens the country’s economic recovery. Despite lifting a Covid-19 freeze on recruiting foreign workers in February, Malaysia has not seen a significant return of migrant workers due […]
Read More(Bloomberg) — Malaysia has eased a ban on chicken exports, The Straits Times newspaper reported, saying a Singapore poultry company has been allowed to resume bringing live premium chickens into the city-state. Kee Song Food told the newspaper that it had a letter from Malaysia’s Department of Veterinary Services, in which government agreed to allow […]
Read MoreKUALA LUMPUR: Export bans or food protectionism are not the answer to maintain or lower the cost of living, according to Apurva Sanghi, who is The World Bank lead economist for Malaysia. “Self-sufficiency is not the same as food security. “Food security is about the three As – affordability, availability and accessibility – underpinned by […]
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