MALAYSIA’S economic growth will accelerate this quarter after expanding at the fastest pace in a year, driven by private consumption as activities resume, Finance Minister Zafrul Aziz said. “People are underestimating the strength of the pent-up demand,” he said in an interview on Saturday (Aug 13). “Restaurants are packed, traffic jams have returned, the unemployment […]
Read MoreMalaysia’s economy expanded by 8.9 per cent year-on-year in the second quarter of this year, mainly supported by domestic demand, improving labour market and resilient exports, said Bank Negara governor Nor Shamsiah Mohd Yunus. The announcement by the central bank on Friday (Aug 12) also exceeded the majority of forecasts by various analysts, which ranged […]
Read MoreKUALA LUMPUR: Revenue for Malaysia’s services sector grew 25.2 per cent year-on-year (y-o-y) to RM506.5 billion in the second quarter of 2022 (Q2 2022), the Department of Statistics Malaysia (DoSM) said. It said this was contributed by the wholesale and retail trade, food and beverages and accommodation segment which saw revenue went up 26.1 per […]
Read MoreThailand and Malaysia have agreed to expedite the construction of land transport links at their border, to foster trade between the two countries. They announced agreement on Thursday, following the 14th meeting of the Joint Commission for Bilateral Cooperation at the Foreign Ministry in Bangkok on Wednesday. It was the first meeting of the joint […]
Read MoreMALAYSIA’S economy is likely to have expanded at a faster pace in the second quarter of this year, with expectations that gross domestic product (GDP) growth could exceed the 5 per cent in the first three months of 2022. This is largely due to the country reopening its borders in April and a low-base effect, […]
Read MorePUTRAJAYA, Aug 10 — Malaysia’s labour market saw an increase of 3.2 per cent in jobs or 267,000 jobs in the second quarter of 2022, to record 8.619 million during the period from 8.352 million in the same period last year. The Department of Statistics Malaysia (DOSM) in its Quarterly Employment Survey released today, said […]
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