IN THE NEWS

ECER: RM10 BILLION IN COMMITTED INVESTMENTS AS AT SEPTEMBER 2023 The Sun, 31/10/2023 The East Coast Economic Region (ECER) has attracted RM10 billion in committed investments as of September 2023, according to the ECER Development Council (ECERDC). To date, RM2.6 billion has been realised and these investments are across various sectors including manufacturing, tourism, services, agriculture as well…

  INFLATION AT MORE THAN TWO-YEAR LOW The Star, 21/10/2023 Malaysia’s headline inflation hit more than two-year low after the consumer price index (CPI) unexpectedly decelerated further in September 2023. Data from the Statistics Department showed CPI growth in September 2022 eased to 1.9% year-on-year from 2% year-on-year in August 2023. The latest CPI reading…

BUDGET 2024 HIGHLIGHTS The Star, 13/10/2023 The Budget 2024 was introduced with the theme, “Economic Reform, Empowering People”. Budget 2024 is the largest in Malaysia’s history, with an allocation of RM393.8 billion. Of this, RM303.8 billion is for operating expenditure (opex) and RM90 billion is for development expenditure. The most relevant highlights (selected) are provided…

UNEMPLOYMENT RATE CONTINUES DOWNWARD TREND The Sun, 07/10/2023 The country’s unemployment rate continues to show a falling trend, with 3.5% recorded in 1Q23 compared to 3.6% in 4Q22 due to a significant shift in job-seeking trends, especially among the youth. At the same time, there were various initiatives being implemented by the government to assist…

  BATIK AIR TO START NON-STOP FLIGHTS TO TASHKENT ON 8 DECEMBER The Sun, 05/10/2023  Batik Air, will soon introduce non-stop flights to Tashkent, Uzbekistan. Commencing on 8 December, there will be two flights per week. The new expansion aligns with the airline’s commitment to offering diverse and exciting travel experiences to passengers. Fares start…

  MALAYSIA SECURES RM37.4 BILLION IN TECH INVESTMENTS The Star, The Sun, NST & The Edge, 26/09/2023 Malaysia has successfully secured over RM37.4 billion in investment commitments in the digital technology sector as of August 2023 and creates at least 15,895 high-value jobs. The investments reflected foreign investors’ confidence in Malaysia Digital (MD), the national…

RM132.6 BILLION APPROVED INVESTMENTS IN 1H23 The Sun Daily, 18/09/2023  The Ministry of Investment, Trade and Industry (Miti) expects approved investment to record stronger growth in the 2H23 on track to hit its annual target, after achieving RM132.6 billion worth of approved investment in the first half of the year. Malaysia attracted a total of…

  NUMBER OF JOBLESS PERSONS DECREASED IN JULY 2023 The Star, 09/09/2023 The number of unemployed persons in July 2023 has decreased by 0.4% to 579,200 persons compared to 581,700 persons in June 2023, according to the Department of Statistics Malaysia (DOSM). The unemployment rate in July 2023 stood at 3.4%, unchanged from the previous…

  BNM KEEPS OPR AT 3%, SEES INFLATION MODERATING IN 2H23 The Edge & The Sun Daily, 07/09/2023  Bank Negara Malaysia (BNM) has decided to keep the overnight policy rate (OPR) at 3%, amid robust domestic demand supported by strong labour market conditions. This is the second time the OPR has been maintained at 3%,…

  MVV2.0 ON TRACK TO CONTRIBUTE UP TO 15% OF COUNTRY’S GDP NST, 01/09/2023 The catalyst projects for Malaysia Vision Valley 2.0 (MVV2.0) are expected to have a major impact on the national economy by contributing up to 15% to the country’s gross domestic product (GDP) once all development plans are completed in 2045. The…

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