Malaysia’s own strong economic performance means that it plays an increasingly influential role at a regional level too. It has signed up to important trade agreements, including the Regional Comprehensive Economic Partnership (RCEP), which is expected to enhance cross-border trade and investment flo...
Malaysia’s sustainable economic recovery is right on target with the latest Bank Negara report showing our full-year GDP growth of 3.1 per cent in 2021. World Bank has projected Malaysia’s economy to be bullish and to expand by 5.8 per cent for 2022. In its Global Opportunities Index 2022...
However, severe flooding towards the end of Q4 2021 may slow growth in early Q1 2022. GlobalData expects the Malaysian construction industry to expand by 16.5% this year, supported by further improving economic conditions, the government's focus on completing large infrastructure projects, and ...
As the largest Free Trade Agreement (FTA) in the world, covering 15 countries with 2.2 billion or nearly a third (29.5%) of the world's population, the Regional Comprehensive Economic Partnership (RCEP) represents USD25.8 trillion or 29.4% of the world's GDP based on World Bank’s 2019 d...
Malaysia's largest trading partner, China, has been key in this trade recovery, making up 16.5 percent of Malaysia's total trade in March 2022, which increased 15.2 percent year on year to 39.02 billion ringgit, the 16th consecutive month of double-digit expansion, the statement said. ...
The Malaysian economy showed rapid annual economic growth in 2022, at a pace of 8.7% year-on-year (y/y). This was the fastest annual GDP growth rate since 2000. Easing of COVID-19 restrictions in early 2022 helped to drive a rebound in private consumption. Exports also pos...
Kelantan of Malaysia appoints Chinese as economic development counselors Charity performance “Loving Chinese Education” to kick off in Malaysia Chinese, Malaysian senior officials meet to promote bilateral ties Feature: Malaysian Chinese youngsters wrap up glutinous rice to celebrate Duanwu Festival Malaysia...
supported by the US Federal Reserve interest rate cuts.Adding to the optimism for Malaysia’s economic prospects, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar highlighted the robust performance of the local bourse, driven by a favourable investment environment and strong macroeconomic fundamentals.“...
The World Tourism Organization projected that international tourist arrivals could reach 80 percent to 95 percent of pre-pandemic levels in 2023 (versus 63 percent in 2022) despite lingering global headwinds. "The ongoing recovery of travel in Asia and the Pacific alongside China's reopening starting...
DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, MALAYSIA, 2022 Figure 2: GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, MALAYSIA, 2017 – 2022 Figure 3: GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, MALAYSIA, 2017 - 2027 ...