KUALA LUMPUR – Malaysia will lift a ban on exports of renewable energy as part of efforts to develop its clean power industry and boost generation from non-fossil fuel sources, its economic affairs minister said on Tuesday. The South-east Asian country, which currently generates just over 1 per cent of its electricity annually from renewable […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth for the first quarter of 2023 (1Q23) is expected to record 5.6% versus 5% in last year’s corresponding quarter, says Bank Islam Malaysia Bhd (BIMB). Such compelling growth in 1Q23 is bolstered by strong domestic demand coupled with moderating inflation amid facing external headwinds, the bank said […]
Read MorePETALING JAYA: Economists are weighing up different opinions on the latest industrial production index (IPI) data for March in terms of the country’s next economic growth path for 2023, which is widely expected to moderate from last year’s high of 8.7%. The Statistics Department yesterday released the IPI numbers for March and cumulatively for the […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production in March rose 3.1% from a year earlier, above expectations, government data showed on Tuesday. March’s factory output had been forecast to expand 0.6%, according to 11 economists surveyed in a Reuters poll. – Reuters
Read MoreKUALA LUMPUR: Malaysia’s services producer price index (SPPI) rose 3.4% year-on-year (y-o-y) to 114.7 points in the first quarter of 2023 (1Q23) from 110.9 points in the same quarter last year as most sub-sectors recorded an increase of prices during the quarter under review. Chief statistician Datuk Seri Mohd Uzir Mahidin said among the sub-sectors, […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia (BNM) and Bank Indonesia (BI) has announced the commercial launch of the Indonesia-Malaysia cross-border quick response (QR) code payment linkage. The linkage enables Indonesians and Malaysians to make instant retail payments in both countries by scanning the Quick Response Code Indonesian Standard (QRIS) or DuitNow. The launch follows the successful […]
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