KUALA LUMPUR, MALAYSIA – Media OutReach – 1 June 2023 – Malaysian consumer prices declined in April, driven mainly by easing transport inflation. The consumer price index (CPI) rose by 3.3% in April from a year earlier, the Department of Statistics said on Friday. That compares with an increase of 3.4% in March and is in line […]
Read MoreKUALA LUMPUR: Malaysia’s producer price Index (PPI) declined to 3% in April 2023 from 2.9% in March 2023, says the Statistics Department. The PPI reduction for April was mainly due to the decline in agriculture, forestry and fishing as well as mining sectors, the department said in a statement yesterday. It said the agriculture, forestry, […]
Read MoreKUALA LUMPUR: Public Investment Bank Bhd has estimated that eliminating fuel subsidies for the Top 20 per cent income group earners (T20) will increase inflation by an additional 0.45 to 0.75 percentage points annually. Although headline inflation which includes food and energy prices had exhibited a downward trajectory primarily driven by the tempering of various […]
Read MoreKUALA LUMPUR: Malaysia approved RM71.4bil worth of investments in the first quarter of 2023 and the Malaysian Investment Development Authority (Mida) says the country attracted more foreign direct investments (FDIs) than domestic direct investments (DDIs) in the period. “FDI contributed RM37.5bil, representing 52.5% of the total approved investments, while DDI accounted for RM33.9bil, or 47.5% […]
Read MorePETALING JAYA: The labour market is expected to strengthen further in 2023 underpinned by continuous upbeat momentum in the domestic economy and modest expansion in the external sector, says MIDF Research. According to the research house, the country’s unemployment rate is expected to decline further to 3.5% but slightly higher than the pre-pandemic level of […]
Read MorePETALING JAYA: The wave of stagflation, currently sweeping across some global economies like in the 70s, is unlikely to rear its ugly head in Malaysia owing to the country’s firm economic fundamentals. Stagflation, a scenario where there is slow economic growth coupled with rising inflation, would unlikely occur in developing countries compared with developed ones, […]
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