+603-21612522        

IN THE NEWS

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…

SST THRESHOLD YET TO BE DECIDED The government has yet to decide on the annual revenue threshold for businesses which will be subject to the Sales and Services Tax (SST). The threshold will be determined by the Customs Department and “set at a reasonable rate”. Currently in its proposal stages, the list of goods to…

FOREIGN INVESTMENT INTEREST “INTACT” Foreign investment interest in Malaysia reportedly “remains intact” based on data provided by the Malaysian Investment Development Authority (Mida). The Ministry of International Trade and Industrial continued to receive requests on the current value and inflows of foreign direct investment (FDI) via Mida. Most of the investments in Malaysia had been…

BANK NEGARA MAINTAINS BENCHMARK INTEREST RATE AT 3.25% Bank Negara Malaysia kept the Overnight Policy Rate (OPR) unchanged at 3.25%. The central bank denoted that the degree of monetary accommodativeness at the current OPR level is consistent with the intended policy stance, which accounts for monetary and financial conditions. (The Sun, The Star & The…

TOTAL TRADE ROSE 4.2% IN JANUARY TO MAY 2018 Malaysia’s total trade rose 4.2% from January to May 2018 to RM753.46 billion compared with the same period in 2017, due to improved trade with key markets such as China, Taiwan, Hong Kong, South Korea, the European Union (EU), Japan and Saudi Arabia. Exports also continued…

KTMB TO IMPROVE SERVICES, BUT CAN IT SERVE AS AN ALTERNATIVE TO HSR? While Keretapi Tanah Melayu Bhd (KTMB) intends on improving its tracking system and offer trains with enhanced quality, the rail operator is unsure of it being an alternative to the KL-Singapore High Speed Rail (HSR). This alternative plan would cost approximately 70%…

BILATERAL TRADE BETWEEN MALAYSIA, CHINA TO EXCEED US$100 BILLION In 2018, bilateral trade between Malaysia and China is expected to exceed US$100 billion (RM400 billion), thus surpassing 2017’s US$96 billion. In the initial 5-months of 2018, bilateral trade grew by 14.7% to US$42.7 billion compared with the corresponding period in 2017. Imports from China to…

APRIL INDUSTRIAL OUTPUT INDEX UP 4.6% YEAR-ON-YEAR The Department of Statistics Malaysia denoted that the Industrial Production Index increased to 4.6% in April 2018, compared with April 2017, due to increases in all indices including manufacturing (5.3%), mining (1.8%) and electricity (5.8%). The manufacturing sector output exhibited a 5.3% growth rate in April 2018, subsequent…

APRIL’S EXPORTS INCREASE 14% Y-O-Y TO RM84.2 BILLION In April 2018, exports surged 14% to RM84.2 billion from a year ago, driven by electrical and electronic (E&E) products, timber and timber-based products, palm oil and palm oil-based products and refined petroleum and crude petroleum. Liquefied natural gas (LNG) and natural rubber however recorded a decline…

LEADING INDEX UP 0.3% IN MARCH 2018 Malaysia’s economic growth momentum is expected to persist up until 3Q18, as the annual change of the Leading Index (LI) as at March 2018, increased by 0.3% Y-o-Y. The monthly change of the LI, which monitors economic performance in advance, exhibited a negative growth of 0.5% in March…

RICS

All rights reserved (C) 2016

Jones Lang Wootton