Malaysia record 5 pct GDP growth
KUALA LUMPUR: Malaysia’s economy has rebounded in the first quarter of 2022 (Q1 2022), registering a five per cent growth versus a contraction of 0.5 per cent in Q1 2021. The positive economic performance was underpinned by improving domestic demand as economic activities continued to normalise with the easing of containment measures. The country’s gross […]
DOSM optimistic Malaysia’s economy will continue to recover in 2022
KUALA LUMPUR: The Department of Statistics Malaysia (DOSM) is optimistic that the country’s economy will continue to recover in 2022, as it did in 2021, as economic data indicated that the economic recovery was gaining traction. Chief statistician Datuk Seri Mohd Uzir Mahidin noted that Malaysia’s gross domestic product (GDP) rebounded 3.6 per cent in […]
Ringgit may trade range-bound against US dollar
KUALA LUMPUR: The ringgit is expected to trade within a tight range of between 4.18 and 4.19 against the US dollar next week. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the geopolitical risks and concern over a sharp increase in the US Federal Reserve Fund Rate would dictate the currency market’s […]
Sim optimistic Sarawak will recover
KUCHING: Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching chairman Is optimistic about Sarawak’s economy this year. Datuk Sim Kiang Chiok said the economic situation could not be as bleak as March last year during the first movement control order (MCO) period when the state’s Gross Domestic Product (GDP) dropped by 17.5 percent. “My […]
500,000 jobs, 22.6 percent to GDP expected
KUALA LUMPUR: The MyDIGITAL initiative is expected to create 500,000 jobs in the digital economy and contribute 22.6 percent to the country’s gross domestic product (GDP), Tan Sri Muhyiddin Yassin said. The prime minister said the initiative would complement national development policies such as the 12th Malaysia Plan (12MP) and Shared Prosperity Vision 2030 (WKB […]
Malaysia’s 2020 GDP growth is better than expected
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth for 2020 is better than expected and the country’s economy has shown various signs of recovery, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Malaysia’s GDP contracted 3.4 per cent in the fourth quarter of 2020 (Q4 2020) amid a significant increase in Covid-19 infections, […]
