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IN THE NEWS

APPROVED INVESTMENTS UP BY 3.1% TO RM53.9 BILLION IN 1Q19 Malaysia attracted RM53.9 billion in approved investments in the manufacturing, services and primary sectors in 1Q19, an increase of 3.1% from RM52.3 billion recorded in 1Q18. The Malaysian Investment Development Authority (MIDA) said the positive investment growth in 1Q19 was mainly driven by the robust…

GOVERNMENT’S 2018 DEBT, LIABILITIES DOWN Y-O-Y IN PROPORTION TO GDP Notwithstanding a rise in direct government debt, Malaysia’s overall debt and liabilities in 2018 contracted by 3.9 percentage points to 75.4% of the country’s Gross Domestic Product (GDP) in 2018, versus 79.3% in 2017, following a successful cost rationalisation exercise involving overpriced mega projects and…

MALAYSIA TO STRENGTHEN TRADE AND INVESTMENT TIES WITH BRAZIL Malaysia and Brazil will continue to focus on expanding bilateral trade and investment ties with one another. This is alongside the possibility of having a free trade agreement between Malaysia and “Mercosur”, which is an economic and political bloc comprising Argentina, Brazil, Paraguay and Uruguay. Additionally,…

RINGGIT EXTENDS DROP, APPROACHES 4.20 LEVEL The ringgit extended its downward trend for the third trading day, falling 0.18% to 4.1935 against the US dollar (the lowest in more than five months), as the tariff dispute between the United States and China escalates into a full-fledged trade war following the US ban of Huawei. Market…

GOVERNMENT SETS UP TEAM TO PROMOTE DEVELOPMENT ALONG ECRL CORRIDOR The Malaysian Investment Development Authority (Mida) has established a team to promote the development of industrial parks, infrastructure, logistics hub and transit-oriented developments along the East Coast Railway Link (ECRL). The team was established to facilitate, evaluate and review the implementation of economic accelerator projects…

MALAYSIA’S ECONOMY AT A NEW HEIGHT IN 2018 According to the Department of Statistics Malaysia, Malaysia’s economy reached a new height of RM1.45 trillion in 2018 (at current prices), after a rebasing exercise from base year 2010, to 2015. Consequently, the Gross National Income per capita stood at RM43,086 in 2018. (The Edge Financial, 07/05/2019)…

FIVE LEADING UK TECHNOLOGY FIRMS TO INVEST IN MALAYSIA Five leading UK technology organisations will invest in Malaysia, due to Malaysia’s implementation of technologies such as Artificial Intelligence (AI), robotics and cybersecurity. Ideagen, which is a global technology company based in Nottinghamshire, will open a Centre of Excellence in Kuala Lumpur, generating up to 70…

CPI RETURNS TO POSITIVE TERRITORY Malaysia’s Consumer Price Index (CPI) registered a 0.2% annual growth to reach 121.1 in March 2019, after experiencing deflation in the first two months of 2018. According to the Department of Statistics, CPI expansion in March 2019 was driven by the index of housing, water, electricity, gas & other fuels…

MIER: GDP LIKELY TO GROW 4.5% Due to the slowdown in global and domestic demand, the Malaysian Institute of Economic Research has forecasted Malaysia’s 2019 Gross Domestic Product to post moderate growth of 4.5%, compared with 4.7% in 2018. (The Edge Property & NST, 17/04/2019) DBKL SETS POPULATION DENSITY LIMIT FOR NEW HOUSING DEVELOPMENTS Population…

MALAYSIA’S ECONOMY TO EXPERIENCE MODERATE GROWTH IN 2019 The Malaysian economy is expected to experience moderate growth in 2019 due to challenging external factors including the United States (US) Federal Governments’ temporary shutdown, which lasted for 35 days, from December 22, 2018 to January 25, 2019 (the longest government shutdown in the US history), uncertainties…

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