KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth rate could be cut by 1.3% over the next two years, if the trade war between the United States and China continues to escalate and eventually leads into a global financial shock. CIMB Group chief economist Donald Hanna, who warned that the worst is yet to come, pointed […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures registered its sharpest daily decline in a month on Monday evening, falling for a third straight day on weakness in soyoil on the Chicago Board of Trade. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 1.7 percent at 2,204 ringgit ($538.88) a tonne at the end […]
Read MoreKUALA LUMPUR: The implementation of the RM1,500 minimum wage will be carried out gradually to allow a recovery in the country’s economy, said Prime Minister Tun Dr Mahathir Mohamad. He said if Malaysia starts spending money which it does not have, it would not be good for the country in the long run. “If we […]
Read MoreKUALA LUMPUR: The United States-China trade war could adversely impact Malaysia’s Gross Domestic Product (GDP) growth by 1.3 per cent against what has been projected over the next two years. CIMB Group Chief Economist Dr Donald Hanna said this scenario was possible if the tariff war continued to escalate and shake the confidence of financial markets, […]
Read MoreKUALA LUMPUR: The labour force in Malaysia increased 2.4% to 15.28 million persons in the second quarter of 2018, as compared to the same quarter in 2017. “The employed persons also recorded an increased of 2.4 per cent in the same period to 14.77 million persons,” said Datuk Sri Dr Mohd Uzir Mahidin, Chief Statistician […]
Read MoreKUALA LUMPUR: Malaysia’s Industrial Production Index for June 2018 increased marginally by 1.1% as compared with the same month of the previous year. The growth of IPI in June 2018 was supported by an increase in the Manufacturing index (4.5%) and Electricity index (3.0%). The mining index, meanwhile, posted a decrease of 9.4% from a […]
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