KUALA LUMPUR (Reuters) — Malaysia’s production and exports of palm oil are expected to rise 30% by the end of this year, amid increased demand after neighboring Indonesia banned exports and following the re-entry of plantation workers from abroad, a minister said. Malaysia, the world’s second-largest palm oil producer after Indonesia, stands to benefit from a global […]
Read MoreBENGALURU: Malaysia’s central bank will keep its interest rate steady this week to support a still-nascent economic recovery, a Reuters poll showed, but start tightening policy next quarter to avert rising inflationary pressures. That accommodative stance was in stark contrast to other major central banks and some of its Asian peers which are hiking interest rates […]
Read MoreKUALA LUMPUR, May 9 — Moody’s Analytics projected that Malaysia’s economy had grown 1.1 per cent quarter-on-quarter in the first quarter of 2022 (Q1 2022), following the 6.6 per cent expansion in Q4 2021. It said the gains from a robust external position have largely extended into the opening months of 2022. “Also, a rise in private consumption after […]
Read MoreMalaysia’s manufacturing showed renewed momentum in April as incoming orders recovered strongly to register the sharpest rise in eight years, S&P Global said Thursday. The S&P Global Malaysia manufacturing purchasing managers index increased to 51.6 in April from 49.6 in March. April saw a welcome surge in demand for manufactured goods and producers reported the […]
Read MoreThe Malaysian Automotive Association (MAA) has released the vehicle sales data for the month of March 2022, announcing that a total of 73,222 new vehicles were delivered to buyers that month. This is a jump of 28,171 units from the 45,051 units (adjusted from the 43,722 units originally reported) in February, translating to a 62.5% increase […]
Read MoreKATHMANDU: The minimum wage of a migrant worker including the Nepali has been hiked by 25 percent. The Malaysian government hiked the minimum salary of a migrant worker from 1,200 ringgit to 1,500. Issuing a press note, Nepali Embassy in Malaysia said that it would not attest to the demand letter if the minimum wage […]
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