Growth beat forecasts with strong exports, accelerated from previous quarters KUALA LUMPUR — Malaysia’s gross domestic product grew 14.2% in the third quarter compared to the same period last year, its central bank announced on Friday, signaling economic recovery from the two-year-long COVID-19 pandemic, although fear of a global slowdown remains. After Malaysia’s economy expanded […]
Read MorePETALING JAYA: Employees in Malaysia can look forward to a median 5% increase in their salaries next year, up from 4.8% this year, according to Mercer’s annual Total Remuneration Survey 2022. The asset management firm said the salary increment would be a return to the pre-pandemic level, as seen in 2019. “This reflects growing optimism […]
Read MorePETALING JAYA: About 93% of mid-market enterprises (MME) in Malaysia are optimistic on the prospects of growing their top line in 2023 despite softening economic growth globally, which is in line with the global average across 14 markets, according to HSBC. In its latest business balancing act (BBA) survey, it said out of the 93% […]
Read MorePETALING JAYA: Despite slower expansion of the industrial production index (IPI) for September this year, the gross domestic product (GDP) growth for the third quarter (3Q22) is expected to be stronger than 2Q22 but set to slow down in 4Q22. The domestic economy in 2Q22 expanded by 8.9% year-on-year (y-o-y) from 5% y-o-y in 1Q22. […]
Read MoreKUALA LUMPUR: Malaysia’s natural rubber (NR) production decreased by 5.9 per cent month-on-month (m-o-m) in September 2022. The Department of Statistics Malaysia said that on a year-on-year basis, the output fell by 13.9 per cent. The smallholders sector was the main contributor to production at 87.9 per cent while the estates sector contributed 12.1 per […]
Read MoreKUALA LUMPUR, Nov 10 ― Thirty per cent of mid-market enterprises (MMEs) expect sales to grow between 15 per cent and 20 per cent in 2023 with another 25 per cent expecting sales to grow even more despite softening economic growth globally, according to HSBC Bank Malaysia Bhd’s Business Balancing Act (BBA) survey. The survey […]
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