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MIER LOWERS 2018 GDP GROWTH FORECAST Having previously projected the economy to grow at 5.5% for 2018, the Malaysian Institute of Economic Research (MIER) has reduced its forecast to 4.7% due to the subdued economic growth in 1H18. A passive 2H18 is anticipated while accounting for the slowdown experienced in exports, industrial production, private consumption…

CURRENT ACCOUNT SURPLUS TO REMAIN The Malaysian Government expects Malaysia’s current account to remain at a surplus in 2018 and will not suffer from a twin deficit. The government is focused on smarter spending, while adopting a wider application of the open tender concept for government procurements and projects. The government’s current efforts of fiscal…

  PRODUCER PRICE INDEX DECREASED 0.3% IN AUGUST 2018 The Department of Statistics Malaysia has noted that the Producer Price Index (PPI) for local production slipped 0.3% year-on-year in August 2018 compared with 0.7% recorded in July 2018. The sectors which decreased during this period were agriculture, forestry and fishing (-13.2%), manufacturing (-1.7%) and water…

TRADE EXPECTED TO EXCEED 2017’S RECORD OF RM1.8 TRILLION The Ministry of International Trade and Industry optimistically expects that Malaysia’s total trade for 2018 will surpass last year’s performance of RM1.77 trillion. The ministry expects a growth of between 6% and 7%, due to investors’ confidence in the economy and added transparency delivered by the…

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