IN THE NEWS

  ITALIAN FIRMS TO INVEST RM3.25 BILLION IN MALAYSIA The Star, The Sun & NST, 24/01/2023 Several Italian companies have expressed interest to invest in Malaysia, given the country’s strategic position as a gateway to Asean and Asia Pacific, said the Malaysian Investment Development Authority (MIDA). The interest, following a visit led by International Trade…

TOTAL TRADE AT RECORD HIGH The Edge Markets, 18/01/2022; The Sun, NST & The Star, 19/01/2023 Malaysia’s total trade in 2022 rose by 27.8% to RM2.85 trillion in 2022 surpassing the RM2 trillion mark for the second consecutive year and registering the fastest growth since 1994. Exports rose by 25% year on year to RM1.55…

  NOVEMBER WHOLESALE, RETAIL TRADE UP 13.9% TO RM133.9 BILLION – DOSM The Edge Market, 11/01/2023  Malaysia’s wholesale and retail trade sales expanded 13.9% year on year (y-o-y) to RM133.9 billion in November 2022, mainly boosted by the growth in the retail trade sub-sector, according to the Department of Statistics Malaysia (DOSM). The retail trade…

  HEADLINE INFLATION STABLE AT 4% IN NOVEMBER 2022 The Star, 31/12/2022 Headline inflation continues to remain stable at 4.0% in November 2022, similar to October 2022, as the increase in core inflation was offset by lower inflation in other categories, namely fuel and fresh food, said Bank Negara Malaysia (BNM). The central bank said…

COUNTRY HAS ABOUT 24.4 MILLION URBAN DWELLERS About 75% of Malaysia’s 32.44 million population live in urban areas, with the bumiputra remain to be the majority in both urban and rural areas. This is based on a census done in 2020 by the Department of Statistics Malaysia, which found that the country had 24.4 million…

MALAYSIA’S TRADE EXPANDS TO RM238.17 BILLION IN NOVEMBER 2022 Malaysia’s trade continued its stellar performance and maintained an upward trajectory in November 2022, expanding by 15.6% to RM238.17 billion compared with November 2021. Exports rose by 15.6% to RM130.24 billion, while imports and trade surplus increased by 15.6% to RM107.93 billion and RM22.3 billion, respectively….

MALAYSIA SECURED RM193.7BIL INVESTMENTS FROM JAN TO SEPT 2022 Malaysia has attracted RM193.7 billion worth of approved investments in the services, manufacturing and primary sectors involving 2,786 projects from January to September 2022. According to the Malaysian Investment Development Authority (MIDA), this was a 2.5% increase as compared to the RM188.9 billion investments approved in…

  AUSTRALIA RAISES KEY RATE TO 10-YEAR HIGH TO COOL INFLATION  The Reserve Bank of Australia (RBA) increased its cash rate by a quarter-percentage point to 3.1%, the highest level since November 2012. This brings the RBA’s cumulative hikes since May to three percentage points, the sharpest annual tightening since 1989. (The Star, 07/12/2022) PHILIPPINES…

  MALAYSIAN EXPORT PRICES DOWN SLIGHTLY IN OCTOBER 2022 Malaysia’s export prices in October 2022 dropped slightly by 0.05% from 149.8 points in the preceding month to 149.7 points, while the “import unit value index” showed a positive performance of 0.6% to 133.2 points. Malaysia’s terms of trade showed a negative performance of 0.6% month-on-month…

TOTAL TRADE UP BY 21% TO RM245.18 BILLION IN OCTOBER 2022  Malaysia’s total trade expanded by 21.1% to RM245.2 billion in October 2022, marking the 21st consecutive month of double-digit growth. Exports increased by 15% year on year to RM131.63 billion and imports increased by 29.2% year on year at RM113.54 billion, while the trade…

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