Good news for staff in Malaysia! Salaries are projected to increase by 5.2% in 2019, according to the Malaysia 2018 Salary Increase & Total Compensation Measurement™ Survey by Aon. This marks a slight increase from 2018 where salaries were found to increase by 5.0%. The survey noted that wages in Malaysia are increasing faster than in Singapore (3.8% in 2018) […]
Read MoreKUALA LUMPUR: More workers were hired by the manufacturing sector in November 2018 while higher salaries and sales value were also recorded, according to the Statistics Department’s data. Its chief statistician Datuk Seri Mohd Uzir Mahidin said on Friday the total employees hired in the sector rose by 2% or 21,200 to 1.075 million workers from 1.054 million persons in November […]
Read MoreKUALA LUMPUR: The country’s industrial output in November 2018 rose faster than expected by 2.5%, above a Bloomberg survey of 2.3%, according to the Statistics Department. Its chief statistician Datuk Seri Mohd Uzir Mahidin said on Friday the growth in November 2018 was supported by the increase in manufacturing index (3.6%) and electricity index (3.2%). […]
Read MoreLONDON: This year will see more emerging market countries raise interest rates than at any point since the pre-financial crisis uplands of 2006, analysts at JP Morgan predict. A presentation by the U.S. investment bank showed 19 of the 24 emerging economies it follows are likely to lift borrowing rates. Only one country, Malaysia, will […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose to an over two-month high on Wednesday evening, charting a second straight day of gains, as traders forecast declining production in the coming months and improving export data. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose as much as 1.1 percent to 2,202 ringgit ($535.38) in the second half of trade, its highest level since Oct. […]
Read MorePETALING JAYA: Moody’s Investors Service says the government of Malaysia’s (A3 stable) credit profile reflects the country’s large and diversified economy with healthy medium-term growth prospects. It said the relatively high government debt was partly offset by a favourable debt structure and large domestic savings. “Malaysia’s real GDP growth should slow to 4.7% in 2019 […]
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