International Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz
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Zafrul: Malaysia a destination of choice

PETALING JAYA: Malaysia remains a top investment destination among global investors and a hotspot for business expansion, according to the Malaysian Investment Development Authority (Mida). The country attracted almost RM194bil of approved investments in the first nine months of 2022 (9M22), with a quarter of the investments coming from China. On a year-on-year (y-o-y) basis, […]

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Philippines: Vehicle sales up 31% in months

MANILA, Philippines — Vehicle sales in the country continued to post double-digit growth in the 11 months of the year, driven by growing consumer demand, data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed. In a joint report, CAMPI-TMA said year-to-date new motor vehicle sales increased […]

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RAM Ratings: Malaysia’s GDP to slow to 5% in 2023

KUALA LUMPUR: RAM Ratings projected Malaysia’s gross domestic product (GDP) growth to slow to between four and five per cent in 2023 from an estimated 8.2 per cent in 2022. The rating agency said global economic slowdown is anticipated to dampen Malaysia’s exports while the still notable price pressures and tighter monetary conditions might impact […]

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