KUALA LUMPUR: Economists are cautious about the outlook of the economy in the second half of 2022, in light of enduring challenges such as the Russia-Ukraine war, soaring inflation, supply chain disruptions and the weaker ringgit. HELP University economist Paolo Casadio believes the prevailing global economic challenges and uncertainties will disrupt the recovery trajectory in […]
Read MoreANN/THE STAR – Malaysia’s wholesale and retail trade has set a new sales record in May 2022, growing by 19.9 per cent year-on-year (y-o-y) to MYR129.8 billion – the highest sales recorded since 2013, said the Department of Statistics Malaysia (DoSM). Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the increase to the retail […]
Read MoreKUALA LUMPUR, July 11 — Malaysia is fast losing its appeal as a destination for migrant workers, economists cautioned, even as key sectors in the country were already struggling with manpower shortages due to regulatory obstacles to foreign recruitment. They warned that refusal or inability to swiftly address the issue would leave Malaysia vulnerable to […]
Read MoreKUALA LUMPUR: Malaysia’s wholesale and retail trade has set a new sales record in May 2022, growing by 19.9 per cent year-on-year (y-o-y) to RM129.8 billion — the highest sales recorded since 2013, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the increase to the retail trade […]
Read MoreKUALA LUMPUR, July 8 ― OCBC Bank believes that Malaysia still stands a good chance to achieve a gross domestic product (GDP) growth of about 5.7 per cent year-on-year in 2022, despite the International Monetary Fund’s (IMF) plan to downgrade its global economic growth forecast for 2022. “The saving grace is that the domestic consumption […]
Read MoreTEMPO.CO, Jakarta – Indonesia’s quick response code payment service dubbed QRIS will be available in four ASEAN countries. Bank Indonesia (BI) in tandem with the central banks of Thailand, Malaysia, Singapore, and the Philippines will realize cross-border payments with QRIS, open API (application payment interface), and Fast Payment by implementing the local currency settlement (LCS). Head of the […]
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