KUALA LUMPUR: Malaysia’s wholesale and retail trade sales registered a growth of 3.9 per cent year-on-year (yoy) in the first quarter of 2022 (Q1 2022), said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was attributed to the motor vehicles sub-sector which rose 8.8 per cent, […]
Read MoreKUALA LUMPUR: Malaysia’s central bank unexpectedly raised its benchmark interest rate from a historical low on Wednesday, as rising commodity prices, strained supply chains and strong demand conditions fanned inflationary pressures. Bank Negara Malaysia (BNM) raised its overnight policy rate to 2% from the record low of 1.75%. A Reuters poll of 18 economists had […]
Read MoreINDONESIA’S “unpredictable” palm oil export policies may help Malaysia emerge as the dominant supplier to India, the world’s top buyer of the edible oil, industry sources said. Indonesia is the world’s biggest palm oil producer but its erratic export policies, including the most recent ban announced on Apr 22, have pushed Indian consumers to increase […]
Read MoreMalaysian investments are among the major foreign direct investments in Cambodia as more Malaysian investors have sought an understanding of the investment opportunities in the Kingdom. Data from the Council for the Development of Cambodia showed that the Malaysian investment totalled $120 million from 2019 to 2021. In 2021 alone, the investment was valued at […]
Read MoreBENGALURU, May 11 (Reuters) – Malaysia’s economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, but a prolonged slowdown in China could have significant knock-on effects, a Reuters poll found. Southeast Asia’s third-largest economy is predicted to have expanded 4.0% in the January-March quarter compared […]
Read MoreKUALA LUMPUR, May 10 — Malaysia’s Industrial Production Index (IPI) increased 5.1 per cent in March 2022 compared to the same month of the previous year, driven by growth in three indices, namely manufacturing, electricity and mining, the Department of Statistics Malaysia (DOSM) said. Chief statistician Datuk Seri Mohd Uzir Mahidin said the manufacturing index […]
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