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Malaysia’s economy to maintain growth trajectory in the 2Q

KUALA LUMPUR: Malaysia’s economy is expected to maintain its growth trajectory in the second quarter of the year (2Q 2023) albeit at a moderate rate of between 2.9 per cent and 4.2 per cent as high base effect kicks in, according to banks and research houses. The full-year Gross Domestic Product (GDP) projection of between […]

Address the debts urgently, please!

A couple of weeks ago, Prime Minister Datuk Seri Anwar Ibrahim commented that Malaysia’s national debt has now reached RM1.5 trillion and needs to be addressed urgently as it translates to more than 80 per cent of the nation’s annual economic output or gross domestic product (GDP). Breaking down the numbers, the PM alluded that […]

Sarawak govt digitalising its admin

KUCHING: The use of electronic communication to facilitate the Sarawak government’s activities is crucial for an efficient governance of the state. Wilson Nyabong Ijang (GPS-Pelagus) who spoke in support of the proposed Electronic Sarawak Government Activities Bill 2022 described the introduction of the Bill as very important and timely. “With digital economy (DE), it is […]

Russia economy shrinks as sanctions bite

MOSCOW: Russia’s economy contracted by four per cent year-on-year in the second quarter, the national statistics agency said Friday, as Western sanctions take their toll in the wake of Moscow’s military offensive in Ukraine. In the period from April to June, gross domestic product “amounted to 96 per cent of the level attained in the […]

Commodities make significant contribution to GDP

PADAWAN: Commodity export contributes to boosting the nation’s gross domestic product (GDP). Plantation Industries and Commodities Deputy Minister Datuk Willie Mongin noted that even if the trade and export flow were to drop, his ministry would still be contributing significantly to export value. The price of Fresh Fruit Bunches (FBB), which has decreased at the […]

Malaysia to grow by 8.4% in second quarter

KUALA LUMPUR: Malaysia’s second quarter gross domestic product is expected to expand by 8.4 per cent year-on-year (y-o-y), way stronger than the consensus forecast (at 6.9 per cent), driven mainly by the robust external trade performance which improved by 30 per cent y-o-y, AmBank Research said. The second quarter (Q2 2022) gross domestic product (GDP) […]

Malaysia’s 2022 GDP to grow at 6.5%: Citi

KUALA LUMPUR: Citi analysts expect Malaysia’s 2022 gross domestic product (GDP) full year growth to reach 6.5 per cent, driven by optimism with the country’s imminent reopening of borders beginning next month. Apart from this, the forecast incorporates additional boost to capex from reconstruction after the floods in mid-December, adding to earlier drivers from supply […]

Long term investment to boost economy

KUCHING: The newly launched RM323 million Borneo Cultures Museum (BCM) is a long term investment by the Sarawak government to boost the state’s economy.  Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was confident that the new museum would create the desired spin-off effects because of its strategic location in the heart of Kuching and increased accessibility […]

Borneo cultures museum will boost tourism

KUCHING: The establishment of the Borneo Cultures Museum (BCM) is timely as it compliments tourism as an important contributor to the Gross Domestic Product (GDP) of the country, said Datuk Seri Abdul Karim Rahman Hamzah The Tourism, Creative Industry, and Performing Arts Minister pointed out that with BCM located at the heart of Kuching City, […]

Sarawak has more than 70,000 MSMEs

BINTULU: Micro, Small and Medium Enterprises (MSMEs)  are the backbone of the country’s economy. Bintulu Resident Datuk Jack Aman Luat said in 2020, these enterprises contributed to 38.2 per cent of the Gross Domestic Product (GDP). He added that the MSMEs contributed to 48 percent of exports and created 45 percent of the jobs in the […]