Malaysia’s manufacturing sales rose 15.3% year – on – year (y – o – y) to RM126.9 billion in March 2021, the highest after 44 months, driven by transport equipment & other manufactures products (34.2%), electrical & electronics products (17.0%) and food, beverages & tobacco products (14.9%). On a monthly basis, the sector’s sales value …
Malaysia’s economy to bounce in Q1 on strong trade
Malaysia’s gross domestic product (GDP) growth is expected to rebound sharply in the first quarter (Q1) of 2021, following the sharper than expected exports growth, Kenanga Research said. The firm said this would be largely driven by the strong performance of the manufacturing export sector, fuelled by the technology upcycle amid strong demand globally for …
MITI to organise ‘The Road Ahead with Industry4WRD’ webinar for SMEs
The Ministry of International Trade and Industry (MITI) and its agencies are organising a webinar titled “The Road Ahead with Industry4WRD” to improve the local business community’s awareness of Industry 4.0 (IR 4.0) or Industry4WRD. To be held for one day on May 4 and officiated by Deputy Minister Datuk Lim Ban Hong, the webinar will …
Minimum wage rate being reviewed to keep it relevant with current economic conditions
The minimum wage rate is being reviewed to ensure the earnings of workers remain relevant with current economic conditions, said Tan Sri Muhyiddin Yassin. The prime minister said the government is always concerned about the issue of minimum wage and would take efforts to better protect workers’ rights. “I hope all parties would get involved …
Govt aims for mineral industry to contribute RM29b to GDP by 2030
The government is targeting the contribution of the mineral industry to the country’s gross domestic product (GDP) to increase to RM29 billion by 2030, and that the industry would be further developed in a sustainable manner, Prime Minister Tan Sri Muhyiddin Yassin announced. In realising that aspiration, Muhyiddin wants all stakeholders, including the people, to …
