The government has completed the draft of the National Policy on Industry 4.0 and will make an announcement on the new policy soon, according to International Trade and Industry (Miti) Minister Darell Leiking. Speaking at a press conference in conjunction with the networking session with chambers of commerce and business and industry associations today, Darell …
Smaller price hike seen under SST, says finance minister
Finance Minister Lim Guan Eng assured that any price hike under the sales and services tax (SST) will not be as high as those seen under the goods and services tax (GST) regime. “The federal government opined that the inflation rate will be contained and the price hike will not be higher than the GST …
Malaysia’s manufacturing sales up 7.8% to RM67.1 billion in June
Malaysia registered a 7.8% growth in manufacturing sales to RM67.1 billion in June 2018 against RM62.3 billion in the same month a year ago. The Department of Statistics said in a statement that the growth was driven by the increase in electrical and electronics products (+9.2%); petroleum, chemical, rubber and plastic products (+7.3%); and non-metallic …
Malaysia’s IPI grows 1.1% in June, mining down 9.4%
Malaysia’s Industrial Production Index (IPI) growth moderated to 1.1% in June 2018 compared with the same month a year ago, due to a contraction in mining output. This compares with the 4.6% expansion in May. According to the Department of Statistics, the growth in June was supported by an increase in the manufacturing (+4.5%) and …
Malaysia’s June exports rise 7.6% year-on-year
Malaysia’s exports in June 2018 was valued at RM78.7 billion increasing by 7.6% year-on-year (y-o-y), a reversal of the trend of the five previous months where export growth was stronger than imports, according to Statistics Department. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said in a statement that re-exports increased 63.1% to RM15.7 …