Economy News


29 March 2020 - MCO: MITI introduces alternative way to facilitate the endorsement of Certificate of Origin
  1. More The Ministry of International Trade and Industry (MITI) announced that Malaysian companies seeking the endorsement of the Certificate of Origin (CO), can do so through back-office at Menara MITI and its state offices, except for MITI Malacca which will remain close
27 March 2020 - Govt focuses on domestic investments that can sustain employment
  1. More The government will focus on domestic investment activities that have high multiplier effects and the capacity to sustain employment, Tan Sri Muhyiddin Yassin said
27 March 2020 - 2,732 companies receive approval to operate during MCO - MITI
  1. More The Ministry of International Trade & Industry (MITI) has approved a total of 2,732 of the 9,290 companies that had applied for the resumption of operations during the Movement Control Order (MCO) period
24 March 2020 - MITI sets application deadline for firms to continue operations during MCO
  1. More ​The Ministry of International Trade and Industry (MITI) has set 11.59 pm on Tuesday March 24 as the final deadline for companies to apply to continue their business operations during the Movement Control Order (MCO)
24 March 2020 - Economists back govt's proposed comprehensive economic stimulus plan
  1. More ​Economists have backed the government's plan to announce a comprehensive Economic Stimulus Package on March 30 despite fiscal constraints, saying a larger package is necessary to maintain macroeconomic stability amid the COVID-19 situation and movement control order (MCO)
23 March 2020 - AMCHAM applauds govt’s swift actions during MCO
  1. More ​The American Malaysian Chamber of Commerce (AMCHAM) has applauded the recent swift actions taken by the government, specifically the Ministry of International Trade and Industry (MITI), in engaging with the business community during Movement Control Order (MCO)
22 March 2020 - Malaysia’s economic challenges and ways to weather them
  1. More ​The number 2020 has an aesthetic appeal, made more prominent by virtue of being a time of reckoning under Vision 2020. This may have encouraged many Malaysians to usher in the year with positivity and New Year’s resolutions
18 March 2020 - MITI, agencies operate remotely during Restricted Movement Order
  1. More ​The Ministry of International Trade and Industry (MITI) and its agencies will operate remotely during the 14-day Restricted Movement Order beginning today until March 31, 2020
16 March 2020 - Government will ensure investor confidence is in place, says Muhyiddin
  1. More Prime Minister Tan Sri Muhyiddin Yassin has asserted Putrajaya’s commitment to ensuring that investor confidence is in place, thus contributing to the gross domestic product (GDP) growth
16 March 2020 - Government may introduce more monetary policy and fiscal stimulus soon - Analysts
  1. More ​The government may introduce additional monetary policy and fiscal stimulus soon to cushion the economy from any downside risks associated with the COVID-19 outbreak, according to analysts
12 March 2020 - Sabah poised for business, economic growth
  1. More ​Indonesia's decision to move its capital to East Kalimantan has opened a new window of opportunity for Sabah
12 March 2020 - Govt sets up new council to address economic woes
  1. More ​The government has decided to set up an Economic Action Council (EAC) as an immediate step to address the economic woes faced by the country
11 March 2020 - Apec 2020 and related meetings to go ahead as planned: Azmin
  1. More ​The Asia-Pacific Economic Cooperation (Apec) 2020 and related meetings slated for this year will go ahead as planned as member economies have expressed their commitment to attend the forum, International Trade and Industry Ministry (Miti) Senior Minister Datuk Seri Mohamed Azmin Ali said
10 March 2020 - Steering Malaysia through the stormy economic climate
  1. More ​The disintegration of the Organisation of the Petroleum Exporting Countries (Opec) and its alliance members (Opec+) has caused the oil market to crash with prices dipping by more than 30 per cent on Monday – the most since the 1991 Gulf War
09 March 2020 - New Cabinet members can spur Malaysia's economy to new high – Experts
  1. More ​The new cabinet line-up is well chosen as it comprises candidates with vast experience in many aspects and can potentially elevate Malaysia's economy to another level, according to some experts
09 March 2020 - Azmin Appointed MITI Minister
  1. More ​Datuk Seri Mohamed Azmin Ali, who was one of the key players in the country’s recent political realignments, has returned to the cabinet as a senior minister -- Minister of International Trade and Industry
05 March 2020 - Selangor keeps cautious outlook on investments this year
  1. More ​The Selangor government is expected to maintain a cautious outlook on its investment target this year due to the Covid-19 outbreak and political uncertainties in the country
04 March 2020 - January exports down 1.5% to RM84bil but above forecast
  1. More ​Malaysia’s exports in January 2020 fell by 1.5% to RM84.08bil from a year ago and the decline was better than a Bloomberg forecast of 1.6% decline as trade was impacted by lower exports to China
01 March 2020 - It's business as usual for Norwegian companies in Malaysia
  1. More The Norwegian Ambassador to Malaysia, Gunn Jorid Roset, has expressed her sincere appreciation over the role of civil service in Malaysia in its continuous effort to engage with Norwegian companies to promote trade and investment between both countries, given the ongoing political developments
27 February 2020 - MITI assures investors that Malaysia’s economic agenda remains on track
  1. More ​The Ministry of International Trade and Industry (MITI) today issued a statement to reassure local and international businesses that Malaysia remains a pro-business nation, backed by strong economic fundamentals
27 February 2020 - Stimulus Package to facilitate cash flow of businesses
  1. More ​The 2020 Economic Stimulus Package will assist businesses most adversely affected by COVID-19 to facilitate their cash flow and reduce business costs, Interim Prime Minister Tun Dr Mahathir Mohamad said
27 February 2020 - Highlights of 2020 Economic Stimulus Package
  1. More
27 February 2020 - Economic Stimulus Package provides growth insurance for Malaysia
  1. More ​The 2020 Economic Stimulus Package worth RM20 billion, which amounts to 1.3 per cent of the 2019 Gross Domestic Product (GDP), exceeds most private sector forecasts of COVID-19 impact on the Malaysian economy, Sunway University Business School economics professor Dr Yeah Kim Leng said
24 February 2020 - Malaysia can be attractive investment destination for Japanese firms
  1. More ​Malaysia can be an attractive destination for Japanese companies in the manufacturing, information technology, service, logistics, real estate, and retirement industries
21 February 2020 - Businesses to get help from stimulus package
  1. More Business performances are expected to rebound in 2H as the govt is still evaluating the impact of the virus disruption, says Ong
21 February 2020 - Negeri Sembilan continues to attract investments – Exco
  1. More Negeri Sembilan continues to attract investments despite the challenging global economic environment, says state Investment, Industrial, Entrepreneurship, Education and Human Capital Committee chairman Datuk Dr Mohamed Rafie Abd Malek said
20 February 2020 - Smart farming, aerospace and digital economy can inject dynamism into economy
  1. More ​Smart farming, aerospace and the digital economy can play a big role in injecting new dynamism in the bid to become a high-income economy, says Economic Affairs Minister Datuk Seri Mohamed Azmin Ali
20 February 2020 - Malaysia's labour productivity in Q4 2019 up 1.5 per cent
  1. More ​Malaysia's labour productivity in the fourth quarter of 2019 (Q4 2019), as measured by value added per hours worked, rose 1.5 per cent compared to a growth of 2.6 per cent in the third quarter 2019 (Q3 2019), the Department of Statistics Malaysia said in a statement
20 February 2020 - Businesses can expect direct help from stimulus package - Ong
  1. More ​Businesses that are most severely affected by the COVID-19 outbreak can expect to receive direct assistance under the economic stimulus package, especially those in the tourism, retail and aviation sector, said International Trade and Industry deputy minister Dr Ong Kian Ming
19 February 2020 - Terengganu ECRL to cost RM15 bln, create 23,000 new jobs - MB
  1. More ​The East Coast Rail Link route (ECRL) in Terengganu spanning 250 kilometres will cost RM15 billion, said its Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar
18 February 2020 - Enhance cross-border infrastructure to facilitate investment, trade: Mustapa
  1. More The cross-border infrastructure between Malaysia and Thailand would need a major upgrade to facilitate trade and investment flows
14 February 2020 - Govt finalising stimulus package for immediate implementation
  1. More The stimulus package is aimed at reducing the impact of the Covid-19 outbreak, says minister
14 February 2020 - Malaysia to cut red tape, streamline investment process
  1. More ​Malaysia will be undertaking extensive reforms of the investment process to improve the ease of doing business for both foreign and domestic investors, the Ministry of International Trade and Industry (MITI) said
11 February 2020 - UK sees Malaysia as possible gateway to Asia-Pacific trade
  1. More ​Britain, promoting itself as a willing trade partner for the Asia-Pacific region, is seeking close alignment with Malaysia as its former colony considers ratifying an 11-member Pacific trade pact, the UK's top diplomat said
11 February 2020 - ECER attracted RM700 million investments in Terengganu last year
  1. More The East Coast Economic Region Development Council (ECERDC)’s integrated development model and close cooperation with the Terengganu State Government have boosted investor confidence, attracting RM700 million in investments last year
10 February 2020 - Malaysia's attractive position draws French investment
  1. More ​France’s keenness to strengthen its economic relationship with Malaysia has translated into a number of investments in the latter over the past two years
10 February 2020 - MITI, agencies to strengthen to face global market challenges
  1. More ​The Ministry of International Trade and Industry (MITI) and its agencies will be strengthening its forces to ensure the success of the Shared Prosperity Vision 2030, despite the ongoing global challenges
10 February 2020 - MITI to get input from relevant sectors on Wuhan virus impact
  1. More ​The International Trade and Industry Ministry (MITI) will meet with associations representing key industries such as manufacturing and services tomorrow to obtain input on the impact of the 2019 novel coronavirus (2019-nCoV) on their businesses
10 February 2020 - Malaysia Inc policy to be revived — Dr Mahathir
  1. More ​The government will be reviving the Malaysia Incorporated Policy to enhance the close cooperation between the government and the private sector, said Prime Minister Tun Dr Mahathir Mohamad
07 February 2020 - NCI approves five manufacturing and services projects worth RM4.6 bil
  1. More ​The National Committee on Investment (NCI) has given approval to five manufacturing and services projects worth RM4.6 bil located in Penang, Kedah and Pahang
06 February 2020 - Malaysia remains attractive investment destination for Japanese firms
  1. More ​Malaysia remained an attractive investment destination for Japanese firms despite the current weak global economic environment
06 February 2020 - Economic impact of coronavirus temporary — MIDF Research
  1. More ​The economic impact of the novel coronavirus (2019-nCoV) is expected to be temporary based on the previous experience with Severe Acute Respiratory Syndrome (SARS), according to MIDF Research
05 February 2020 - RM2 tril total trade target achievable
  1. More ​Malaysia’s trade is targeted to hit RM2 trillion this year, according to International Trade and Industry Ministry, despite easing 2.5 per cent to RM1.83 trillion last year from RM1.88 trillion in 2018
05 February 2020 - Malaysia's export to expand by 1.5% in 2020, say economists
  1. More Malaysia is expected to record an export growth of 1.5% year-on-year (yoy) in 2020, underpinned by commodity-based sectors, according economists at several investment banks
04 February 2020 - MITI monitoring Wuhan virus' impact on trade, investment activities
  1. More The Ministry of International Trade and Industry (MITI) is closely monitoring the development of the Wuhan 2019 novel coronavirus outbreak within countries that are Malaysia’s trading partners and have trade activities with China
04 February 2020 - Malaysia’s total trade to reach RM2t in 2020, says deputy minister
  1. More ​Malaysia’s total trade is expected to reach RM2 trillion in 2020, said Deputy International Trade and Industry Minister Ong Kian Ming
03 February 2020 - Economic stimulus package a good idea amid virus outbreak, say economists
  1. More The affected sectors such as tourism, hotels and restaurants, and transport could be supported by the targeted govt spending and fiscal incentives
03 February 2020 - Diversified export market serves as Malaysia's antidote against coronavirus impact
  1. More ​Malaysia’s diversified export market serves as a huge advantage for the country in minimising the impact of slower demand expected from China, following the 2019 novel coronavirus outbreak
29 January 2020 - 12th Malaysia Plan to crystallise SPV2030 implementation
  1. More ​The 12th Malaysia Plan (12MP), covering three development dimensions — economic empowerment, environmental sustainability and social re-engineering — will further crystallise the implementation of the Shared Prosperity Vision 2030 (SPV2030)
28 January 2020 - Malaysia’s GDP to expand by 4.4% in 2020, says EIU
  1. More Malaysia’s GDP is expected to grow by 4.4% in 2020, rather similar to the economic growth that was recorded in 2019, according to the Economist Intelligence Unit (EIU)
25 January 2020 - Darell reiterates support for BRI at Davos
  1. More Minister of International Trade and Industry Datuk Darell Leiking has reiterated Malaysia's strong commitment to the Belt and Road Initiative (BRI) at the World Economic Forum (WEF) Annual Meeting 2020 in Davos
23 January 2020 - Malaysia’s growth prospect favourable despite weaker export outlook, says UN
  1. More Along with its regional peers, Malaysia will continue to be promising underpinned by resilient domestic demand
22 January 2020 - Selangor targets RM12 bln investments this year
  1. More ​Selangor targets to achieve investments worth RM12 billion in 2020 compared with RM10 billion last year, said state investment, industry and commerce, and small and medium enterprises committee chairman Datuk Teng Chang Khim
22 January 2020 - Expo 2020 Dubai an opportunity for Selangor to draw investments
  1. More ​Selangor’s participation in the Expo 2020 Dubai in March next year will provide the state with the chance to showcase its advantages and strengths to attract more investments into the country
20 January 2020 - MITI welcomes US-China phase one trade deal, positive for open economies
  1. More ​Ministry of International Trade and Industry (MITI) lauds the recent agreement between the United States of America and China following the phase one trade deal signed on January 15
20 January 2020 - Malaysia-China bilateral trade sets new record
  1. More ​Malaysia and China have set a new record in bilateral trade, registering a 14.2 per cent growth to US$124 billion in 2019 from US$108.6 billion in 2018
17 January 2020 - SMEs main beneficiaries of US-China trade war
  1. More Trade tensions have made Malaysia an attractive alternative for investment, especially in manufacturing
17 January 2020 - Macroeconomic stability drives Malaysia's economic growth
  1. More ​Macroeconomic stability will drive Malaysia’s economic growth this year with Gross Domestic Product (GDP) growth of between 4.4 per cent and 4.9 per cent easily achievable, said IQI Global chief economist Shan Saeed
16 January 2020 - International trade expected to be more stable this year: Ong
  1. More ​The international trade scenario is expected to be more stable in 2020 following the signing of the phase one trade deal between the world’s two economic powerhouses -- the United States (US) and China, said International Trade and Industry Deputy Minister Dr Ong Kian Ming
15 January 2020 - Southeast Asian startups should combine best practices to lure FDIs — Ong Kian Ming
  1. More ​Startups in Southeast Asia should combine their best practices and explore collaborations to be more viable in the international market
13 January 2020 - Approved investment in 2019 to surpass RM204.3b
  1. More Malaysia’s total investment is expected to grow moderately in 2020 amid the global trade uncertainties
12 January 2020 - Malaysia's economy likely to better this year: MoF
  1. More Malaysia’s economy is expected to do better in 2020 as the manufacturing sector’s purchasing managers index for December 2019 rose to a 15-month high, Finance Minister Lim Guan Eng said
09 January 2020 - Negative business sentiment may be bottoming out, survey shows
  1. More ​Negative sentiment among Malaysian businesses could be bottoming out, according to the RAM Business Confidence Index (RAM BCI) for the first quarter of 2020 (1Q20) to 2Q20
09 January 2020 - FMM hopes for a stronger ringgit in 2020
  1. More ​The Federation of Malaysian Manufacturers (FMM) is banking on the Government to further strengthen the country's currency and capital market
07 January 2020 - Challenging year for Penang
  1. More ​Penang, which recorded RM13.3bil in approved manufacturing investment up to September last year, is expecting a much more challenging year for 2020
07 January 2020 - Malaysia can achieve 4.5% growth this year
  1. More Malaysia is expected to register a moderate growth this year, fuelled by the services and manufacturing sectors, as worries on a global recession recede with the tempering of the US-China trade war
06 January 2020 - Domestic demand to support Malaysia's 2020 growth - Alliance DBS
  1. More ​While external headwinds and uncertainties remain, Alliance DBS research sees Malaysia’s 2020 growth to be supported by domestic demand - private expenditure, and the manufacturing and services sectors
03 January 2020 - Penang targets lower investment in 2020 despite overwhelming increase last year
  1. More ​Penang is targeting lower total incoming investment this year despite recording high total investment in the first three quarters of last year
03 January 2020 - Melaka to promote economic growth through tourism, industrial activities
  1. More ​The Melaka state government will this year focus on stimulating economic growth through tourism and industrial activities, Chief Minister Adly Zahari said
28 December 2019 - ‘Malaysia on track towards developed nation status’
  1. More ​The increase in the number of establishments operating in the wholesale and retail trade sector, coupled with the higher Internet usage among them, shows that Malaysia is moving towards a developed nation status, according to the Department of Statistics Malaysia
13 December 2019 - NCI approves projects worth RM5.4 bln
  1. More ​The National Committee on Investment (NCI) has approved four projects in the manufacturing sector worth RM5.4 billion in a meeting yesterday
12 December 2019 - Sabah outlines plans towards achieving industrial state status by 2030
  1. More ​The Sabah government has outlined five plans towards achieving its vision to become an industrial state by 2030
12 December 2019 - US-China trade spat a perfect opportunity to expand local business ecosystem - Ong
  1. More The trade conflict between the US and China presents a perfect opportunity to grow Malaysia's business ecosystem, Deputy Minister of International Trade and Industry Dr Ong Kian Ming said
12 December 2019 - Malaysia to maintain 4.8 per cent GDP growth target for 2020
  1. More ​Malaysia is maintaining its gross domestic product (GDP) growth target of 4.8 per cent for next year, despite a downward revision by the World Bank from 4.6 to 4.5 per cent
12 December 2019 - Malaysia remains attractive investment destination for China — MIDA
  1. More The Malaysian Investment Development Authority (MIDA) is optimistic that Malaysia will continue to be an attractive destination for Chinese investments despite lower investments from the country this year
12 December 2019 - Malaysia an ideal destination for Qatari investors, says Dr M
  1. More ​Prime Minister Tun Dr Mahathir Mohamad has expressed confidence that Malaysia will be an ideal destination for Qatari investors, especially to access the broader market in the Asean region
10 December 2019 - MITI hopes Chinese investments to soar next year via special channel - Darell
  1. More ​The Ministry of International Trade and Industry (MITI) expects Chinese investments into Malaysia to soar next year via a ‘special channel’
10 December 2019 - Malaysia's GDP revised downward to 4.5 pct for 2020: World Bank
  1. More Malaysia’s economy is expected to expand at relatively moderate pace despite the continued uncertainty and external headwinds, predicts World Bank Group
10 December 2019 - Malaysia-China bilateral trade to exceed US$100 billion again
  1. More Malaysia and China's bilateral trade for this year is on track to surpass US$100 billion again after having posted US$108.6 billion in 2018
09 December 2019 - Malaysia needs to enhance trade diversification, investment competitiveness -- World Bank
  1. More ​The more challenging external environment has underscored the need for Malaysia to increase trade diversification and strengthen investment competitiveness moving forward, according to the World Bank Group’s economic report
07 December 2019 - Mukhriz hopes to attract investments from ambassadors’ visit to Kedah
  1. More ​The visit of foreign ambassadors to Kedah to look at the facilities, development and technology is expected to lure investments in the state
04 December 2019 - Malaysia to advance towards inclusive, sustainable trade and investment — Miti minister
  1. More Malaysia as the host of the Asia-Pacific Economic Cooperation (APEC 2020) will advance towards inclusive and sustainable trade and investment, said International Trade and Industry Minister Datuk Darell Leiking
04 December 2019 - MIDA lauds Sabah CM's strategy to facilitate investment
  1. More ​The Malaysian Investment Development Authority (MIDA) lauds Sabah Chief Minister Datuk Seri Mohd Shafie Apdal’s strategy to promote the state as an investment destination
03 December 2019 - Penang records RM13.3 bln approved manufacturing investment in Jan-Sept 2019
  1. More ​Penang recorded approved manufacturing investment inflows of RM13.3 billion in the first nine months of 2019 (9M2019)
30 November 2019 - Shafie: Sabah a potential gateway for Japan to expand trade into Asean
  1. More ​Sabah will be pitching its strategic location in South-East Asia to potential investors during Chief Minister Datuk Seri Mohd Shafie Apdal's working trip to Japan
29 November 2019 - Mohd Shafie leverages on Sabah's geographic location to lure Japanese investors
  1. More ​Sabah Chief Minister Datuk Seri Mohd Shafie Apdal began the first leg of his trade mission in Japan today addressing 200 investors and businessmen from 140 companies in Kobe, Japan by spelling out investment opportunities available in Sabah
28 November 2019 - Malaysia welcomes South Korea's proposal to elevate ties to strategic partnership
  1. More ​Kuala Lumpur welcomes Seoul's proposal to elevate bilateral ties to strategic partnership to mark the 60th anniversary of their diplomatic relationship next year
27 November 2019 - Terengganu attracts RM3.59b in investments
  1. More Terengganu has so far this year attracted investments worth RM3.59 billion from 21 sectors, with the manufacturing sector contributing the most, the State Assembly was told
20 November 2019 - Melaka secures RM5.92 bln investments, surpassing 2019 target
  1. More ​Melaka has so far this year secured RM5.92 billion in investments across various sectors, surpassing this year’s target
20 November 2019 - FDI into Malaysia is much bigger than before - PM Mahathir
  1. More ​Foreign Direct Investment (FDI) into Malaysia is much bigger than before, Tun Dr Mahathir Mohamad said
14 November 2019 - Malaysia continues to lead in Global Islamic Economy
  1. More ​Malaysia continues to lead in the Global Islamic Economy Indicator (GIEI) this year, the highest accomplishment among the seven Top Five positions it achieved, according to the seventh State of the Global Islamic Economy Report (SGIE) 2019/20
12 November 2019 - Perak expects to attract RM3b in investments
  1. More ​Perak has recorded RM2.036 billion worth of investments in the manufacturing and services sector in the first and second quarters of this year
12 November 2019 - Invest more, govt is by your side, Guan Eng tells businesses
  1. More Finance Minister Lim Guan Eng has called on Malaysian businesses to invest in high value areas, to take advantage of the relocation of global supply chain arising from the US-China trade war
07 November 2019 - Bright outlook for healthcare, industrial segments
  1. More The healthcare and industrial sectors are glowing in Johor’s Iskandar Malaysia despite the challenging market environment, thanks mainly to strong interest from foreign investors
07 November 2019 - Selangor upbeat on investments
  1. More ​The Selangor government is optimistic of recording higher investments this year
07 November 2019 - Penang unaffected by US-China trade war, state assembly told
  1. More ​Penang has not been affected by the ongoing trade war between China and the United States, with statistics showing an increase in foreign direct investments, the state legislative assembly was told
06 November 2019 - Perak records more than RM2 billion investments Jan-June this year – Exco
  1. More Perak has recorded investments of RM2.036 billion in the manufacturing and services sector from January to June this year, based on the latest statistics provided by the Malaysian Investment Development Authority (MIDA)
04 November 2019 - Malaysia’s economy to hit 4.7% in 3Q19
  1. More Private consumption will remain as the key catalyst of economic growth for the country in 3Q19
01 November 2019 - Malaysian economy expected to remain resilient in 2020 — Lim
  1. More ​The Malaysian economy is expected to remain resilient next year, led by favourable domestic demand, said Finance Minister Lim Guan Eng
29 October 2019 - Malaysia’s attractiveness as investment destination in weak economy
  1. More Global economic growth is projected to slow next year after the International Monetary Fund last week trimmed its global growth forecast to 3.4%, which it blamed on rising trade barriers and geopolitical tensions


Services News

Industry News


Cross Border News

Global News

Last Updated : Tuesday 7th April 2020