IN THE NEWS

MALAYSIA MOOTS ROADMAP TO BOOST ASEAN-CHINA TIES Malaysia has suggested three key factors to form the foundation for the future of ASEAN-China cooperation in order to pave the way for economic recovery once the Covid-19 pandemic has subsided. The key factors include open trade and investment, strengthening the Regional Comprehensive Economic Partnership as an essential…

INVEST SELANGOR SEEKING 1,000 ACRES FOR AIRCRAFT TEARDOWN FACILITY The investment arm of the Selangor Government, Invest Selangor Bhd, is eyeing 1,000 acres of land in the State to host aircraft manufacturer Airbus’ investment for the first aircraft teardown facility in Southeast Asia. The aerospace investor is seeking suitable land measuring a total of 1,000…

NEGRI SEMBILAN ON TRACK TO BECOMING DEVELOPED STATE Negri Sembilan is on track to becoming a developed State as it is supported by various factors, including investments that are increasing every year. Other factors include its strategic position close to the Klang Valley as well as being the gateway from the south, and its efficient…

SELANGOR REMAINS INVESTORS’ TOP CHOICE Local and foreign investors continue to choose the Selangor State as a preferred place for business despite the constraints imposed by the prolonged Covid-19 pandemic. A total of 324 manufacturing projects were approved by the Malaysian Investment Development Authority in the State, involving a total investment of RM18.43 billion. Of…

BNM REVISES MALAYSIA GDP FORECAST RANGE FOR 2021 Bank Negara Malaysia (BNM) has revised its full-year Gross Domestic Product (GDP) growth forecast for Malaysia to between 3% and 4%, from the previous forecast of between 6% and 7.5% for 2021. The central bank denoted that Malaysia’s GDP grew 16.1% year on year in 2Q21, although…

INCREASED NUMBER OF LOWER-INCOME HOUSEHOLDS IN 2020 In 2020, a majority of households experienced a decline in income compared with 2019, with many households from a higher income group shifting to a lower one due to the impact of the Covid-19 pandemic. In 2020, there was an additional 12.5% of households with income less than…

ECERDC ATTRACTS RM9.5 BILLION IN COMMITTED INVESTMENTS TO PAHANG IN 1H21 The Federal Government through the East Coast Economic Region Development Council (ECERDC) has successfully attracted a total of RM9.5 billion in committed investments to Pahang in 1H21. The committed investments exceeded the targeted RM5.1 billion for the year 2021. With the committed investment, it…

CPI UP 3.4% IN JUNE 2021 Malaysia’s inflation rate, as measured by the Consumer Price Index (CPI), rose 3.4% to 123.2 in June 2021 compared with 119.1 in June 2020. The transport group (16.6%) was the main contributor to the increase in headline inflation. This was followed by housing, water, electricity, gas and other fuels…

MDEC TO ATTRACT RM50 BILLION INVESTMENTS, CREATE 50,000 HIGH VALUE JOBS The Malaysia Digital Economy Corporation (MDEC) unveiled its five-pronged Digital Investments Future5 (DIF5) strategy whereby the first two focuses on attracting investments and generating high-value jobs. The third strategy focuses on five key industry sectors, five focus technologies, five emerging technologies and digital global…

MAY WHOLESALE, RETAIL TRADE SALES GROW 28.3% YEAR ON YEAR Malaysia’s wholesale and retail trade registered a 28.3% year on year growth in sales value to RM108.3 billion in May 2021 against a contraction of 23.8% in May 2020. The growth was largely contributed by the wholesale trade sub-sector, which increased 31.2% year on year…

Page 1 of 501 2 3 50
+603-21612522      

All rights reserved (C) 2019

Jones Lang Wootton