KUALA LUMPUR: Malaysia’s trade grew 25.5 per cent year-on-year (YoY) to RM195.54 billion in September from RM155.85 billion recorded in the same period a year ago, according to the Malaysian External Trade Development Corp (Matrade). In a statement today, the trade promotion agency under the International Trade and Industry Ministry said the stellar performance was the […]
Read MoreKUALA LUMPUR, Oct 28 ― The government plans to set up special vaccinated travel lanes for those who travel between Malaysia and Singapore to facilitate cross-border travel between the two countries. Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said discussions on the matter involving several ministries from both countries were underway. She said once approved, the establishment of […]
Read MoreKUALA LUMPUR: Malaysia’s exports in September rose 24.7% from a year earlier, beating expectations, government data showed on Thursday. The median forecast of 14 economists was for September’s exports to grow 14.6%. Malaysia’s imports in September grew 26.5% on-year. The trade surplus in the month was recorded at 26.1 billion ringgit ($6.29 billion). Source: https://www.brecorder.com/news/40129639/malaysias-september-exports-rise-247-exceed-forecast
Read MoreKUALA LUMPUR, Oct 28 ― The ringgit continued to depreciate against the US dollar at the opening on Thursday, with investors waiting on the sidelines ahead of the Budget 2022 tabling tomorrow, said a dealer. At 9.05am, the local currency eased to 4.1540/1570 versus the greenback from 4.1530/1560 at yesterday’s close. The dealer said ringgit had been experiencing technical correction due to its […]
Read MoreSINGAPORE – Insurer NTUC Income is expanding its operations to Indonesia, Vietnam and Malaysia through strategic partnerships with leading insurance companies in these countries. The partnerships will be built on the insurance-as-a-service model, in which insurers deliver personalised insurance products to the customer in a simplified way while taking into account when and how they require them. NTUC […]
Read MoreUOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the latest inflation figures in the Malaysian economy. Key Takeaways “Headline inflation reversed course and edged up to 2.2% y/y in Sep after easing for four straight consecutive months to a 5-month low of 2.0% y/y in Aug. The reading also came […]
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