IN THE NEWS

  NUMBER OF UNEMPLOYED DOWN BY 0.3% IN APRIL 2023 The Star & NST, 10/6/2023 The number of unemployed persons decreased in April 2023 by 0.3% to 586,900 persons compared with 588,700 in March 2023, said the Department of Statistics Malaysia (DOSM). As for unemployment rate in April 2023, it stood at 3.5%, unchanged from…

    MALAYSIA’S INFLATION RATE TO STAY MODERATE IN 2023 The Edge Market, 03/06/2023 & The Star, 05/06/2023  Malaysia’s inflation rate is expected to remain moderate this year based on what the economic data indicates for the next few months. The government is optimistic the country will be able to meet the inflation target of…

DOSM: MALAYSIA EXPORT PRICES DECLINED 0.5% IN APRIL 2023 NST & Bernama, 27/05/2023 Malaysia’s export prices recorded a decline of 0.5% to 141.9 points in April 2023 from 142.6 points in March 2023, according to the Department of Statistics Malaysia (DoSM). It is attributed to the fall in the index of mineral fuels (4.3%), manufactured…

THE SMALLEST CONSTITUENCY WITH THE HIGHEST POPULATION The Star, 24/05/2023 Pengkalan Kota is the smallest constituency in Penang with the highest population density of 21,061 persons per sq. km., followed by Pandan Indah in Selangor with 14,686 persons per sq. km. and Sungai Pinang in Penang with 13,851 persons per sq. km. The three SLAs…

    ECONOMY GROWS 5.6% IN 1Q23, SUPPORTED BY DOMESTIC SPENDING NST, 13/05/2023 & The Sun, 15/05/2023 Malaysia’s economy posted a 5.6% growth in 1Q23, lifted by the expansion of household spending, continued investment activity, improving labour market conditions and higher tourism activities. This is slower than the 7.0% gross domestic product (GDP) growth in…

  RM1.2 BILLION ALLOCATION FOR NEGERI SEMBILAN The Edge Markets, 07/05/2023; NST & The Star, 08/05/2023 A total allocation of RM1.2 billion for socioeconomic development in Negeri Sembilan has been announced by the Malaysian Government. The new projects for the State in 2023 included building an exit road from a proposed new toll to the…

BNM MAKES SURPRISE 25BPS HIKE IN OPR TO 3% The Edge Property, NST, 03/05/2023 & The Sun, 04/05/2023  Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand. The rate hike,…

  MALAYSIA RANKS 26 IN WORLD BANK LOGISTICS PERFORMANCE INDEX 2023 NST & The Star, 27/04/2023  Malaysia has jumped 15 ranks in the World Bank Logistics Performance Index (LPI) 2023 to 26 ranks, the second-best performing ASEAN country after Singapore. This was a significant improvement from rankings of 41 in 2018 and 32 in 2016,…

  MDEC TARGETS RM1 BILLION INVESTMENTS ACROSS NINE SECTORS The Star & The Edge, 18/04/2023 The Malaysia Digital Economy Corp (MDEC) aims to attract RM1 billion worth of digital investments and generate 49,000 employment opportunities across nine promoted sectors by 2025 under its Malaysia Digital Catalytic Programmes (Pemangkin). The sectors include digital tourism, digital agriculture,…

CONSTRUCTION MATERIAL PRICES RISE AT A SLOWER PACE The Star, 08/04/2023 The prices of local construction materials in Malaysia continued to rise on a monthly basis in March 2023 but at a slower pace. The unit price index of steel recorded a slight increase of 0.9% in March 2023 compared to 1.5% in February 2023,…

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