KUALA LUMPUR: Malaysia recorded a total of RM109.8 billion worth of approved investments in the manufacturing, services and primary sectors for the first nine months of this year, said the International Trade and Industry Ministry (MITI). The manufacturing sector contributed RM65.3 billion or 59.5 per cent, followed by services (RM42.8 billion or 39.0 per cent) […]
Read MoreKUALA LUMPUR: Malaysia’s November manufacturing purchasing managers’ index fell to 48.4 from 48.5 in October, according to IHS Markit data. According to Bloomberg, the index was down from 49.5 a year ago and it was the lowest reading since May this year. “Output falls to 46.3 vs 47 in October. Lowest reading since May 2020 […]
Read MorePETALING JAYA: The Malaysian economy is expected to rebound 6% in 2021, from a contraction of 5.5% this year. This is according to UOB Malaysia senior economist Julia Goh, who has forecast the economy to rebound next year as a result of government efforts to counter the effects of the Covid-19 pandemic, as well as […]
Read MorePETALING JAYA: The ringgit is expected to stay firm against the US dollar at the 4.07-4.10 levels by year-end. AmBank group chief economist and AmBank Research head Anthony Dass attributed this to the continued weakness in the US dollar, which he said would provide positive impetus for the local currency’s strength. He said on the […]
Read MorePETALING JAYA: Although the country’s economy is set to rebound next year, it is still not out of the woods, according to economists. Domestic and external factors could dampen gross domestic product (GDP) growth. However, the stimulus as well as fiscal measures under Budget 2021 could enable the economy to stage a rebound. Economists are projecting a […]
Read MorePETALING JAYA: Manufacturers are looking to Industry 4.0 technologies to restore their operations as they ride out the current pandemic and build their capabilities to deal with future crises. McKinsey & Company expert associate partner Kenneth Koh noted that the acceleration in adoption of digital technologies would be ever more evident in the manufacturing sector. […]
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