Home » News

RAM Ratings ups Malaysia’s GDP growth to 5.2%

RAM Rating Services Bhd is revising its gross domestic product (GDP) growth projection up to 5.2% for 2017 from its original expectation of 4.5%. The rating agency said after a better-than-expected growth performance of 5.6% in the first quarter of the year, the economic recovery momentum was beginning to show signs of sustainability. “Most of …

Read more

Retail sales expected to grow 4.5% this year – MRCA

The Malaysian Retail Chain Association (MRCA) is expecting an increase of about 4.5% in retail sales this year, driven by the country’s tourism industry. MRCA president Datuk Gary Chua said when the Government implemented the goods and services tax in 2014, consumer sentiment turned cautious, but it had since improved, recording a more than 4% …

Read more

More MNCs moving their ops to Malaysia from Singapore

More multinational corporations, particularly in the oil and gas (O&G) sector, are moving their operations to Malaysia from Singapore because of lower costs due to the depreciation of the ringgit. “Over the the past two to three years, we have seen more multinationals with regional or significant operations in Singapore, relocating some of their departments …

Read more

Malaysia’s April exports surge 20.6% to RM73.79bil

Malaysia’s exports rose 20.6% to RM73.79bil in April 2017 from the RM61.34bil a year ago, which were within economists’ forecast of 20.6% growth, according to data released by the Statistics Department. The department said in Monday imports rose 24.7% to RM65.21bil. However, the grow was below the 31.3% rise by economists’ forecast. Total trade in …

Read more