KUALA LUMPUR: The International Trade and Industry Ministry (Miti) might be looking towards a reduction in excise duties for vehicles, which will, in turn, result in a reduction in car prices. While there may be less revenue for the government from a reduction in excise duties, this can be compensated by a larger sales volume. […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in December rose at a slower pace of 0.2% from a year ago, which was below a Bloomberg survey of a 0.3% increase, acording to the Statistics Department. However, Kuala Lumpur had the highest inflation of a 1% increase from a year ago, Penang state 0.6% and Negeri Sembilan 0.4%. […]
Read MoreKUALA LUMPUR: Malaysia is seeking a new contractor to build the East Coast Railway Link (ECRL), after terminating the original contract awarded to China Communications Construction Company (CCCC) on Tuesday (Jan 22), a source told The Straits Times. It is understood that the government is seeking to halve the estimated project cost of RM81 billion (S$27 billion) […]
Read MoreKUALA LUMPUR — Malaysia ranked 12th among the countries and territories investing in Vietnam in 2018 with total registered capital hitting US$435.54 million, according to the Vietnamese trade office in Malaysia. The country pumped $254.76 million into 41 new investment projects in Vietnam from the start of 2018 to December 20, while its investors added $27.47 million in total to their capital at […]
Read MoreKUALA LUMPUR: China will likely remain as Malaysia’s largest trading partner, looking at the current trend, said Deputy International Trade and Industry Minister Ong Kian Ming. He said even with the spectre of the US-China trade war looming, MalaysiaChina trade continued to grow at a higher rate compared with other trading partners. In a statement […]
Read MorePETALING JAYA: While Malaysia’s private consumption may lose some steam this year, it will remain strong and largely unaffected by the broader economic slowdown, according to Fitch Solutions. The research house forecast real private consumption growth to slow in 2019 as consumption declined from its high base in 2018. This came after consumers front-loaded their purchases over the three-month long tax holiday between June and September 2018. Fitch […]
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