Kenanga maintains Malaysia’s distributive trade sales growth forecast of 8 pct for 2024
KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) has maintained its 2024 distributive trade sales growth forecast of 8 per cent for Malaysia on expected robust domestic demand. The term distributive trade refers to wholesale trade and retail trade. The research house said this is supported by a projected decline in the unemployment rate to […]
Proton’s Feb sales growth at 52 pct
KUALA LUMPUR: Proton sold 14,033 units of vehicles in February 2023, comprising domestic and export, up 52 per cent compared with the same month last year. Sales volume was 20.1 per cent higher than January 2023 while for the first two months of the year, year-to-date (YTD) volume swelled by 88 per cent to 25,714 […]
BUDGET 2023 revised up to RM388.1 bln, GDP growth at 4.5 pct
KUALA LUMPUR: Budget 2023 is revised upward to RM388.1 billion, making it the largest allocation in Malaysia’s history, as the government continues to provide support to steer the economy, according to the Ministry of Finance (MoF). The budget allocation is an upward revision from the RM372.3 billion budget tabled by the previous government in October […]
DBP keeping tabs on growth of young writers
KUCHING: Dewan Bahasa dan Pustaka (DBP) Sarawak Branch is constantly monitoring the development of young writers in Sarawak, said its director Abang Haliman Abang Julai. He said there are a number of young writers who move on their own without depending on organisations such as DBP. “For example writers like Tey Marzuki from Bintulu who […]
Speeding up growth of biomedical industry
KUCHING: The Sarawak Infectious Diseases Centre (SIDC), set up by the Sarawak government, will catalyse the development of biomedical industry in the state. Chief Minister Datuk Patinggi Abang Johari Tun Openg added that the new research centre would pave the way to research excellence in Sarawak, leading to a vibrant bio-economy capitalising on the […]
Malaysia remains key Asian destination for high-value manufacturing, global services
KUALA LUMPUR: Knight Frank Malaysia expects the country to remain an attractive destination for high-value manufacturing and global services in Asia. In a statement today, the independent global property consultancy said the country recorded a total of RM80.6 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter of […]
Govt needs to re-look at policies to improve future socio-economic growth
KUALA LUMPUR: Malaysia needs to re-look at the way policies are set and the roles of government and institutions to improve its future socio-economic growth, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said. He said going forward, the country must also chart a new course for more knowledge-intensive and productivity-driven growth. “I am aware […]
Maybank IB expects economy to grow by 5.1 pct in 2021
KUALA LUMPUR: The Malaysian economy is expected to grow by 5.1 per cent this year compared to last year’s 5.4 per cent contraction as the country’s recession is shallowing amid the third wave of Covid-19. Maybank Investment Bank Bhd (Maybank IB) chief economist Suhaimi Ilias said the forecast was conservative relative to the current official […]
Halal food to become F&N’s new pillar of growth
KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) is set to establish halal food as the group’s new pillar of growth following the acquisition of three food & beverage (F&B) companies for up to RM60 million. The three companies are Sri Nona Food Industries Sdn Bhd, Sri Nona Industries Sdn Bhd and Lee Shun Hing […]
Padawan Municipal Council has highest number of properties
KUCHING: Padawan Municipal Council (MPP) has recorded the highest number of properties amongst all the local authorities in Sarawak. Its chairman Lo Khere Chiang said as of Oct 1 this year, there are 73,001 properties in MPP and 91 percent are residential properties. “From 2017 to this year, the growth rate of development of properties […]
