KUALA LUMPUR: There are potential headwinds that could moderate private consumption growth in Malaysia to around 6.5% in the second half of 2022 (2H22) and 2023, according to UOB’s Global Economics and Markets Research unit. It said higher global uncertainties, rebalancing of household expenditure amid weaker household balance sheet, expiry of pandemic policy measures by […]
Read MoreKUALA LUMPUR, June 9 — Malaysia’s wholesale and retail trade sales increased by 15.2 per cent year-on-year (y-o-y) to register RM128.0 billion in April 2022, according to the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the increase in wholesale and retail trade was attributed to the retail trade sub-sector […]
Read MoreKUALA LUMPUR: Malaysia’s total trade recorded a new achievement in 2021, surpassing RM2 trillion and recorded the fastest growth since 1994, the Department of Statistics Malaysia (DOSM) said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the value of Malaysia’s total trade recorded double-digit growth of 24.8 per cent to RM2.2 trillion in 2021 […]
Read MoreMalaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs. “The target is to ensure that those who need subsidies, will get the subsidies,” Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed said in an interview with […]
Read MoreBilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. In January-April, Cambodian exports to Malaysia amounted to $35.2 million, down by 1.9 per cent year-on-year, while imports were $170 million, […]
Read MoreKUALA LUMPUR, May 23 — Malaysia’s food inflation is set to stay on an upward path in the coming months amid elevated global commodity prices, domestic supply chain disruptions and depreciation of the ringgit. MIDF Research said Malaysia, as a net food-importing country, is highly exposed to global shocks in the food supply-chain. ‘‘Global food […]
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