Malaysia’s PMI at 16-month high in January, overall optimism picked up: S&P Global
KUALA LUMPUR: The overall optimism of Malaysian manufacturers picked up slightly in January 2024 from that seen last December amid signs of demand improvement, S&P Global said today. The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) posted 49.0 in January, up from 47.9 in December and the highest since September 2022. Accordingly, […]
Manufacturing sector showing improvement, business confidence at 7-month high
KUALA LUMPUR: There were some tentative signs of improvement in the Malaysian manufacturing sector, resulting in less pronounced slowdowns in new orders output and employment while business confidence reached a seven-month high, said S&P Global. It said the inflation rates of both input costs and output prices ticked higher, often due to the weakness of […]
US manufacturing slumps less than expected in Sept
WASHINGTON: US manufacturing activity contracted in September by the least since late 2022, beating analyst expectations despite weakness in new orders, survey data showed Monday. The Institute for Supply Management’s (ISM) manufacturing index came in better than anticipated at 49 per cent last month, up from 47.6 per cent in August. This was 1.0 per […]
Manufacturing sector’s sales value up 3.3 pct to RM146.8 bln
KUALA LUMPUR: The manufacturing sector’s sales value has returned to positive, recording 3.3 per cent growth year-on-year to RM146.8 billion in May this year, bolstered by the strong growth in among others, transport equipment and other manufacturers, non-metallic mineral products and electric and electronics products, according to the Department of Statistics Malaysia. The transport equipment […]
Vape industry given until April 30 to register manufacturing activities
KUALA LUMPUR: Vape industry players, especially local manufacturers who produce liquid or gel products containing nicotine, have been given until April 30, 2023, to register their manufacturing activities with the Customs Department. In a statement today, the Ministry of Finance (MoF) said early registration within the specified period (April 1 to 30) would prevent manufacturers […]
Some ESP on the ESG
For the direction you are headed, it’s wise to seek a mentor who’s a master of the craft you want to immerse yourself in. Read books in your field of interest as a short-term solution until you’ve built a mindset to move onto the next level of your craft. – Lewis Howes, author and entrepreneur […]
Focus on services, manufacturing sectors
KUCHING: Sarawak should focus more on the services and manufacturing sectors while maintaining its resource sector towards diversifying its economy. Underlining Sarawak’s high dependence on natural resources, Assoc Prof Dr Puah Chin Hong, chief executive officer (CEO) of Universiti Malaysia Sarawak (Unimas) Business School, noted that agriculture sector contributed about 12 percent to the state’s […]
Labour-intensive industries need help
KUCHING: The Sarawak government must begin to refocus on assisting labour-intensive industries which are facing a shortage of workers, including foreigners, such as oil palm plantations, manufacturing, and construction, says Bintulu MP Datuk Seri Tiong King Sing. “These are the challenges of a stagnating economy in recovery. In-depth discussions and research are needed to form […]
Ensure factory workers vaccinated first
KUCHING: The government should carry out intensive action to ensure that those in the manufacturing sector are given vaccination priority, says political analyst Prof Datuk Mohd Fadzil Abdul Rahman. He said that there should be a plan in place to ensure that factory workers are vaccinated first. “Strangely, we see that Covid-19 cases are happening […]
Companies in manufacturing allowed operating
KUCHING: The Ministry of International Trade and Industry, Industrial Terminal and Entrepreneur Development (Mintred) has clarified that companies which fall under the category of Manufacturing Industries or ‘Industri Perkilangan dan Pembuatan’ are allowed to operate without applying for permission. Mintred in a statement yesterday stated that the said industry had been listed in ‘Perkhidmatan Perlu […]
