BUDGET 2023, with an allocation of RM388.1bil, is an expansionary one by a mile, being 17% higher than the previous one, but with a lower deficit at 5% compared to 5.6% in 2022. Therefore, the curiosity heightens when you note that the reduced deficit comes on the back of lower expected revenue for 2023 of […]
Read MoreKUALA LUMPUR (March 3): PPB Group Bhd sees an increase of between 30% and 38% in its utility cost, after the government removed electricity subsidies and raised the power tariff for medium- and high-voltage users to a surcharge of 20 sen per kWh from Jan 1. PPB managing director Lim Soon Huat said the group is improving […]
Read MorePETALING JAYA: Corporate Malaysia delivered a set of mixed results in the fourth quarter of 2022 (4Q22), as the momentum of post-pandemic rebound began to dissipate. On the bright side, however, the 4Q22 earnings season had a positive undertone as there were lower earnings disappointments on a quarter-on-quarter (q-o-q) basis. In particular, sectors such as […]
Read MoreKUALA LUMPUR, March 2 ― Malaysia’s manufacturing sector is expected to expand by 4.4 per cent in 2023, faster than the official forecast of 3.9 per cent, said Public Investment Bank Bhd (Public IB). “In line with the potential expansion in residential- and non-residential-related construction activities, coupled with the continuation of several infrastructure projects, it […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector has shown signs of positive momentum in February 2023, with the seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rising to 48.4 from 46.5 in January, recording its highest reading in four months. In a statement yesterday, S&P Global said data on output and new orders in February […]
Read MoreThe “Malaysia Data Center Market by Type – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The potential growth difference for the Malaysia data center market between 2021 and 2026 is USD 2.08 billion. The growth momentum will be accelerating at a CAGR of 15.72% during the forecast period. The market is driven by demand planning and expansion by […]
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