KUALA LUMPUR: Malaysia’s wholesale and retail trade posted a monthly sales value of RM136 billion, up 6.3 per cent year-on-year (y-o-y) in April 2023, the Department of Statistics Malaysia (DoSM) said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increment was attributed to the retail trade sub-sector, which grew 12.9 per cent or […]
Read MorePETALING JAYA: Malaysia’s industrial output contracted in April amid the deterioration in export-oriented industries and slower domestic economic growth. According to the Statistics Department, the country’s industrial production index (IPI) fell 3.3% year-on-year (y-o-y) in April 2023, after growing 3.2% y-o-y in the preceding month. The decline in the April IPI was driven by contraction […]
Read MorePETALING JAYA: Foreign direct investment (FDI) from central and eastern European (CEE) countries into Malaysia is set to get a boost as more businesses and consumers from these countries become more aware of the potential strength of Asian economies amid the growing difficult global economic landscape. International strategic communications company Rothman and Roman Intelligence Unit […]
Read MoreMALAYSIA’S inflation currently isn’t misbehaving, giving the central bank room to keep up its “conditional pause,” according to a senior official. “If it’s food prices and all the supply shocks, we have a history of seeing through those shocks,” Bank Negara Malaysia’s Assistant Governor Fraziali Ismail said in an interview with Bloomberg Television on Thursday (Jun […]
Read MoreKUALA LUMPUR: Malaysia’s natural rubber (NR) production decreased by 13.7 per cent to 23,460 tonnes in April 2023 from 27,188 tonnes in March 2023, said the Department of Statistics Malaysia (DoSM). However, NR output increased year-on-year, up 3.4 per cent from 22,695 tonnes in April 2022, it said. “The smallholders sector contributed 87.7 per cent […]
Read MoreKUALA LUMPUR: The government has no intention to increase the price of subsidised cooking oil, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub. He said that the government will instead introduce a targeted subsidy mechanism once the Central Database Hub (PADU) system is fully operational. According to him, it was inappropriate […]
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