PETALING JAYA: After Malaysia’s manufacturing activity saw a muted expansion in July, ranking behind Singapore, Thailand, Indonesia, Vietnam and the Philippines, economists anticipate the momentum going forward to be “moderate”, at best. Amid the threat of inflation, recession and supply chain disruptions, the recovery in factory activities would largely depend on how external headwinds pan […]
Read MorePETALING JAYA: Higher inflationary pressures and geopolitical risks are expected to warrant at least another 25 basis points (bps) hike in Malaysia’s key benchmark interest rate for this year. The overnight policy rate (OPR), which determines the cost of borrowings, has been raised twice this year by 25 bps to 2.25% currently. The move to […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing purchasing managers index (PMI) rose to 50.6 in July from 50.4 in June, buoyed by a renewed rise in production levels, according to S&P Global. S&P Global noted that though only slight, the expansion was the first since December 2021. It also said companies reported that increased new orders helped boost […]
Read MoreMALAYSIA’S small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2021 increased 1%, slower than Malaysia’s GDP which grew 3.1%, says the Statistics Department. Chief statistician Datuk Seri Mohd Uzir Mahidin said generally, the growth of SMEs’ GDP will exceed Malaysia’s GDP but since 2020, the SME GDP has recorded slower growth than the […]
Read MorePETALING JAYA: Homebuyers are being bogged down by affordability, the inability to secure loans, job security, and overall economic instability when it comes to purchasing a home, The Malaysian Insight reports. The Malaysian Institute of Estate Agents (MIEA) president, Chan Ai Cheng, said these factors are plaguing the market. As for rental prices, they have remained stable […]
Read MoreKUALA LUMPUR: The banking system continued to maintain healthy liquidity and funding positions, recording an aggregate liquidity coverage ratio of 148.4 per cent, a position which remained supportive of intermediation activities, Bank Negara Malaysia (BNM) said. In a monthly highlights June 2022 report released today, the central bank said loan-to-fund ratio remained stable at 81.8 […]
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