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ECONOMIC GROWTH SLOWDOWN Malaysia’s economic growth has remained steady in 2018, despite rising trade tensions, turmoil in emerging markets and ongoing local political shifts. While Gross Domestic Product for 1Q18 and 2Q18 fell under par at 5.4% and 4.5% respectively, improved labour market conditions and low levels of inflation have boosted consumer optimism to a…

MITI AIMS TO ATTRACT THAI INVESTORS The Ministry of International Trade and Industry (MITI) is engaging with Thai prominent business figures in bids of enticing them to invest in Malaysia. Thailand is Malaysia’s fifth largest trading partner globally and second largest in Asean. Bilateral trade has increased by 25% over the last decade, from US$18.31…

  SST LIST WILL BE ADJUSTED BY YEAR END According to the Finance Ministry, the list of items affected by the Sales and Services Tax (SST) will be reviewed, and changes will be made by the end of 2018. (NST & The Edge Financial, 02/09/2018)   BNM SEEN HOLDING KEY RATE Bank Negara Malaysia (BNM)…

HEADLINE INFLATION EXPECTED TO DECLINE TO 2.0% In 2018, Malaysia’s headline inflation is projected to decrease to 2.0% despite the reintroduction of the Sales and Services Tax (SST) on September 1, 2018. Back in 2017, the country’s headline inflation was 3.7%. However, the inflationary outcome in 2018 will be largely dependent on the extent of…

GROWTH FORECAST REVISED DOWN TO 5% Bank Negara Malaysia has revised the economic growth forecast to 5% for 2018 from the previous target of between 5.5% and 6%, mainly due to external factors and the cancellation of mega projects. The economy was expected to remain on a steady growth pattern, continuing to be one of…

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