Economy in Malaysia

  • Malaysia's GDP Growth Moderates In Q4

    MALAYSIA, 2016/02/18 Despite a faster pace of increase in household spending and exports, Malaysia's economic increase moderated in the fourth quarter on slower investment increase. Gross domestic product climbed 4.5 % year-over-year in the fourth quarter, slower than the 4.7 % expansion in the previous quarter, figures from the Department of Statistics showed Thursday. Nonetheless, the increase rate exceeded the 4.1 % increase expected by economists.

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • APEC economies growth slows to 3.1 pct in Q2

    BRUNEI , 2015/11/18 Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday. The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies. The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement. "Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.

  • Upgrading skills at the heart of Malaysia’s new development plan

    MALAYSIA, 2015/06/25 The new development plan in Malaysia has placed human capital at its core, setting ambitious objectives to improve professional training and education as the country works towards a broader vision to join the ranks of developed economies by 2020. Under the 11th Malaysian Plan (11MP), unveiled on May 21st by Prime Minister Najib Razak, a series of policy initiatives have been launched with the aim of enhancing inclusiveness towards an equitable society, improving wellbeing and accelerating human capital development.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Malaysian government economic and institutional reforms

    MALAYSIA, 2013/03/11 From presently on away from the election’s sound and fury, the Malaysian government has been implementing some remarkable economic and institutional reforms that will stand the country in good stead in coming decades. But it has failed to address arguably the single most significant obstacle to economic rejuvenation in Malaysia. Electioneering in Malaysia has been at a fever pitch for many months now as Prime Minister Najib Razak prepares to call a general election.

  • Quarterly growth rates have been fairly impressive

    MALAYSIA, 2013/01/17 Malaysia’s quarterly increase rates have been fairly impressive: 4.9 %, 5.4 % and 5.2 % respectively in the prime three quarters. The economy needs just 4.1 % increase in the fourth quarter of 2012 to garner 5.0 % increase for the year as a whole. So amount indications are that Malaysia’s GDP increase will slightly exceed the government’s target of 5.0 % increase in 2012. The major increase drivers are domestic consumption and investment , both private and public. Construction and services have been the fastest growing sectors in 2012.

  • Malaysia's plan to raise the minimum retirement age

    MALAYSIA, 2012/12/22 Malaysia's plan to raise the minimum retirement age for the private sector from 55 to 60 starting next July 1 is prompting protests from employers who say they are not ready for the change. The new law, passed in Parliament on June 27 this year, is part of a raft of labor reforms which recognize that people are living longer and aim to keep experienced workers on board.

  • Malaysia domestic demand to remain strong in 2013

    MALAYSIA, 2012/12/11 Malaysia’s domestic demand should stay strong next year resulting in an economic growth of a forecasted 3.8 per cent despite comparatively weak export performance. According to a report by the The Institute of Chartered Accountants in England and Wales (ICAEW) entitled ‘Economic Insight: Southeast Asia’, the domestic demand for the country should remain strong next year. However, it expected high food prices to affect average household income.
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