Foreign investors remain confident in Malaysia’s thriving and vibrant electrical and electronic products (E&E) ecosystem that has enabled much technology creation in the country to produce indispensable, complex and high-tech products, said International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali. This is reflected in the newly-formed technological collaboration between Silterra Malaysia Sdn Bhd …
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Malaysia’s PMI up in June, signaling improvement in manufacturing
The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) registered 50.4 in June, up from 50.1 in May, signaling a slightly stronger, yet still modest, improvement in the manufacturing sector. The Malaysian manufacturing sector saw overall operating conditions improve at a slightly quicker rate halfway through 2022 and production levels stabilized for the …
Malaysia ranks 32nd in 2022 IMD World Competitiveness Ranking
Malaysia has been ranked 32nd in the 2022 International Institute for Management Development (IMD) World Competitiveness Ranking (WCR), down by seven positions from the 25th spot in 2021. In a statement, the IMD said Thailand (33rd from 28th) and Indonesia (44th from 37th) also tumbled down their rankings, respectively, driven by the slow re-opening of …
Johor’s manufacturing sector investment value at RM2.237 bil from January to March 2022
Johor’s manufacturing sector recorded an investment value of RM2.237 billion from January to March this year. State Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han said the value of investments in the services sector for the same period was RM23 million. “This value shows an increased rate of almost 30% when compared to …
Machineries, automation industry committed to govt’s sustainable agenda, says MITI
The 26th International Machine Tools, Metalworking & Automation Technology Hybrid Exhibition 2022 (Metaltech & Automex 2022) will continue to support the government’s goal to develop Malaysia’s machinery and equipment industry to ensure sustainable growth. International Trade and Industry (MITI) deputy minister Datuk Lim Ban Hong said as one of the most innovative sectors in the …