Q2 GDP highest in 5 quarters, surprises market — Analysts

KUALA LUMPUR, Malaysia's gross domestic product (GDP), which expanded 4.9 per cent year-on-year (y-o-y) for the second quarter of 2019 (Q2 2019), is seen as a surprise to the market, as it not only beat most analysts' expectations but was

12MP: Kuantan has the potential to be transport, logistics hubs

KUANTAN, The capital of Pahang, Kuantan has the potential to be developed as a transportation and logistics hubs under the 12th Malaysia Plan (12MP) 2021-2025, according to a statement by the Ministry of Economic Affairs.The potential of Kuantan Port a...

Trade tensions to weigh on Malaysias export growth by -0.5 To -0.8 ppt: BNM

KUALA LUMPUR, The ongoing trade disputes between the United States and China are projected to weigh on Malaysia's 2019 baseline gross export growth by -0.5 to -0.8 percentage point (ppt) , said Bank Negara Malaysia (BNM).The central bank said the

Netflix partners with WEF Digital ASEAN to further develop 4.0 IR

KUALA LUMPUR, Netflix has pledged to work with the World Economic Forum's (WEF) Digital ASEAN working group to help people and governments in Southeast Asia develop creative and digital skills and capabilities for the Fourth Industrial Revolution (4.0 ...

DRIVE: Auto Fair 2019 offer visitors chance to win luxury holiday

SHAH ALAM, Visitors to the DRIVE: Auto Fair 2019 exhibition at the Setia City Convention Centre here stand a chance to win a luxury holiday abroad, as well as various items and gadgets via its daily lucky draw sessions.Hosted by

Malaysia’s external debt remains manageable

KUALA LUMPUR, Malaysia's external debt, which stood at RM931.1 billion or 61.3 per cent of Gross Domestic Product (GDP) as at end-June this year, remains manageable.Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus said the debt remained mana...

Ringgit depreciates 1.5 pct in Q2 on NR portfolio outflows

KUALA LUMPUR, The ringgit depreciated 1.5 per cent in the second quarter against the US dollar in tandem with regional peers amid global and domestic uncertainties.Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus said the depreciation of rin...

Malaysia records stronger GDP of 4.9 per cent in Q2

KUALA LUMPUR, The Malaysian economy grew by 4.9 per cent in the second quarter of 2019 from 4.5 per cent in the first, supported by higher household spending and private investment.Bank Negara Malaysia governor, Datuk Nor Shamsiah Mohd Yunus

Further liberalisation of FEA policy effective Aug 30

KUALA LUMPUR, There will be further liberalisation of the foreign exchange administration (FEA) policy effective Aug 30 to provide greater flexibility and efficiency for businesses in better managing their foreign exchange risk and conducting daily ope...

Lazada, ministry to accelerate growth of M’sian SMEs via e-commerce

KUALA LUMPUR, Lazada Malaysia and the Domestic Trade and Consumer Affairs Ministry will roll out new trade activities and training programmes to support the growth and digital acceleration of the country's small and medium enterprises (SMEs).The collab...