KUALA LUMPUR (Feb 8): The increase in Malaysia’s industrial production index (IPI) slowed down to 5.8% in December compared with 9.4% in November. “The expansion of IPI [from a year earlier] was contributed by the increment of 8.4% in manufacturing index and 3.7% in electricity index. “Meanwhile, the mining index recorded a decline of 2.5%,” […]
Read MoreFeb 8 : Malaysia’s industrial production in December rose 5.8per cent from a year earlier, below forecast, government data showed on Tuesday. December’s industrial production was expected to rise 7.1per cent, according to 12 economists surveyed in a Reuters poll. Source: Reuters
Read MoreKUALA LUMPUR (Feb 8): Malaysia’s palm oil stock likely fell by 1.2% month-on-month (m-o-m) to 1.56 million tonnes in January due to weaker output, CGS-CIMB said Tuesday (Feb 8). CGS-CIMB analysts Ng Lee Fang and Nagulan Ravi said in a note the stock level is 31% below the 10-year historical January average of 2.08 million […]
Read MoreKUALA LUMPUR, Feb 8 ― The ringgit opened higher against the US dollar today on buying interest despite falling crude oil prices, said an analyst. At 9.00am, the local currency was traded at 4.1820/1860 versus the greenback from Monday’s close of 4.1835/1850. At press time, Brent crude oil stood at US$92.65 per barrel, a decrease […]
Read MoreKUALA LUMPUR (BERNAMA) – The Malaysian Employers Federation (MEF) said now is not the right time to increase the cost of doing business, and the proposed MYR1,500 new minimum wage implementation would derail economic recovery. President Dato’ Dr Syed Hussain bin Syed Husman said the majority of Malaysian businesses are not ready and not in […]
Read MoreMalaysia’s economy bounced back from a 4.5 percent third quarter contraction to rise 3 percent, year on year, in the last three months of 2021, according to Moody’s Analytics. Coronavirus restrictions hit household spending in the previous quarter as cases spiked. “The weakness in domestic demand more than offset the gains from a relatively strong […]
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