KUALA LUMPUR: Malaysia’s approved investments amounted to RM264.6 billion in 2022, with the services sector accounting for the largest share of the pie, followed by the manufacturing and primary sectors. The services sector saw approved investments totalling RM154 billion or 58.2 per cent of the total approved investments for the year. Meanwhile, approved investments in […]
Read MoreJust a few days ago, minister of international trade and industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz revealed Tesla will officially set up shop in Malaysia. This will see the American car company establish a head office here together with Tesla Experience centres as well as a Supercharger network. According to the ministry of international […]
Read MoreBENGALURU: Malaysia’s central bank will hold its policy interest rate unchanged at 2.75% on Thursday but lift it next quarter to a cyclical peak of at least 3.00%, according to a Reuters poll of economists. In a surprise decision in January, Bank Negara Malaysia (BNM) kept its benchmark rate unchanged, citing concerns over downside risks […]
Read MorePETALING JAYA: “Inisiatif Pendapatan Rakyat” (IPR) or the People’s Income Initiative and “Menu Rahmah” are among the government’s strategic steps to beat food-outside-the-home inflation, says Economy Minister Rafizi Ramli. The minister said inflation for food outside the home had improved slightly from 9.6% in December 2022 to 9.3% in January 2023. “Although for me, the […]
Read MorePETALING JAYA: Malaysia, the fifth largest economy in Asean, stands to benefit from the “China+One” strategy as global manufacturers trim their dependence on China. Noting that the strategy is being pursued by “every multinational corporation”, CGS-CIMB Research said this will lead to the reconfiguration of supply chains. This in turn will provide trade and investment […]
Read MoreKUALA LUMPUR: Malaysia remains on track for fiscal consolidation in the post-pandemic era, with the shortfall in 2023 likely to narrow to 4.9 per cent from 5.3 per cent previously, said Fitch Solutions Country Risk and Industry Research (Fitch Solutions). In its outlook report for Malaysia published recently, Fitch Solutions said it has revised downward […]
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