MALAYSIA’S central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and provide support to a struggling currency, a Reuters poll found. Bank Negara Malaysia (BNM) became in May last year one of the first Asian central banks to hike rates in the […]
Read MorePETALING JAYA: The easing inflationary pressures will be positive on the consumer sector and lead to better margins ahead, supported by lower raw material costs and the stronger ringgit, says MIDF Research. The research outfit said raw material costs for food manufacturers dipped substantially from the peak in the second quarter of 2022 (2Q22) owing […]
Read MoreKUALA LUMPUR (Jan 16): Cost-of-living, rapid or sustained inflation, and debt crises were identified as the top three global risks for Malaysia in the Executive Opinion Survey (EOS) report by the World Economic Forum (WEF). According to the report, cost of living is the top risk globally, with the greatest impact (severity) over a two-year […]
Read MorePETALING JAYA: Personal consumption growth, an important indicator of the strength of the economy, may slow down this year with more interest rate hikes in the offing. Bank Negara had raised its overnight policy rate (OPR) by 100 basis points (bps) last year to 2.75% in a bid to tame inflationary pressures and in line […]
Read MorePETALING JAYA: Malaysia’s industrial production growth is expected to normalise in 2023 on the back of a dampened outlook among the country’s major trading partners, like the United States, United Kingdom and Europe, says AmBank Research. “Moving forward, we expect growth in production to slow down. The latest manufacturing Purchasing Managers’ Index number also has […]
Read MoreKUALA LUMPUR: The manufacturing sector continued its double-digit growth to record RM159.2bil in sales in November 2022, an increase of 11.8% year-on-year (y-o-y), the Statistics Department says. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the continuous growth was driven mainly by the electrical and electronic (E&E) products subsector (19%), particularly in the manufacture […]
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