PETALING JAYA: Malaysia’s consumer price index (CPI) increased 2.2% to 125.2 in February 2022 from 122.5 in the same month of the preceding year, according to the Statistics Department. The increase surpassed the country’s average inflation of 1.9% for the past 10 years. “The incline in headline inflation was mainly driven by the year-on-year increase […]
Read MoreJAKARTA: Malaysia is on the right track to achieve its gross domestic product (GDP) growth projection of 5.5% to 6.5% for this year with the reopening of its international borders from April 1. The move will have a positive impact on the economy, especially the services sector, said Minister in the Prime Minister’s Department (Economy) […]
Read MoreKUALA LUMPUR–Malaysia’s consumer prices increased at a slower pace in February after the government imposed a ceiling on retail prices of chicken and eggs for four months effective Feb 5. The consumer-price index for February rose 2.2% from a year earlier, following a 2.3% increase in January, the country’s Department of Statistics said Friday. Fuel […]
Read MoreKUALA LUMPUR: The full resumption of land travel between Malaysia and Singapore will catalyse business activities not only for the severely impacted tourism industry, but also provide a strong impetus for the post Covid-19 economic recovery. It could boost external trade and employment, which in turn, will contribute to the 2022 gross domestic product (GDP) […]
Read MoreEl Salvador made the misguided move and made BTC legal tender, which backfired massively on the Central American nation. However, this has done little to deter others from considering a similar move, with the latest being Malaysia. As Bloomberg reports, the deputy minister for Communications and Multimedia revealed that the ministry has already proposed the move to the […]
Read MorePTT Exploration and Production Plc (PTTEP) is preparing to explore a new offshore oil block in Malaysia under its “Coming Home Strategy” to focus more on new investments in Southeast Asia. Malaysian national oil and gas conglomerate Petronas awarded the exploration rights at Block SB412, located off the northwestern coast of Sabah, to PTTEP through […]
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