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  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…

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…

SERVICES SECTOR REVENUE RISES TO RM414.2 BILLION IN 2Q18 In 2Q18, the services sector’s revenue increased 8.3% to RM414.2 billion, compared with the corresponding period in 2017. The growth was propelled by wholesale and retail trade, food and beverages and the accommodation segment, which rose RM24.7 billion, or 8.1%. The expansion was also contributed by…

  MALAYSIA’S JUNE 2018 EXPORTS RISE 7.6% Y-O-Y According to the Statistics Department of Malaysia, exports in June 2018 were valued at RM78.7 billion (an increase of 7.6% Y-o-Y), whereas import growth registered a greater increase of 14.9% Y-o-Y to RM72.6 billion and this resulted in a trade surplus of RM6 billion. The surplus was…

ALIBABA CLOUD LAUNCHES 2ND “AVAILABILITY ZONE” IN MALAYSIA Alibaba Cloud has launched its second availability zone, “Availability Zone B” in Malaysia to expand its cloud footprint, which will cater to increasing local and regional demand. The second zone will complement its earlier zone, “Availability Zone A”, which was launched in 2017, to heighten cloud security and…

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Jones Lang Wootton