Economy News


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
29 October 2019 - US, China investors remain confident in Malaysia's business environment - MITI
  1. More ​Investors from the United States (US) and China seem to have confidence in Malaysia's dynamic and robust business environment, which is supported by an open market-oriented economy and the government's pro-business policies, said the International Trade and Industry Ministry (MITI)
24 October 2019 - Malaysia a strong and trusted partner in Southeast Asia -- Austrian ambassador
  1. More ​Austria appreciates its friendship with Malaysia and hopes the good diplomatic ties will continue, said Austrian ambassador to Malaysia Dr Michael Postl
24 October 2019 - Malaysia's improved doing business ranking to bolster investor confidence - Economist
  1. More Malaysia's rise in the World Bank's ease of doing business rankings is set to improve the confidence and appetite of investors in the country, said Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid
15 October 2019 - Besides traditional markets, Malaysian companies should invest in new emerging markets - MIDA
  1. More ​Besides the traditional markets that Malaysian companies have invested in, there are more business and investment opportunities in the new emerging markets such as the Africa region, says the Malaysian Investment Development Authority (MIDA)
09 October 2019 - Economists laud SPV 2030
  1. More Blueprint is touted as a comprehensive framework
09 October 2019 - 'Malaysia firms optimistic about business outlook in Q4'
  1. More Malaysian companies are optimistic about their business outlook in the fourth quarter, said Dun & Bradstreet Malaysia
07 October 2019 - Mida: Sarawak may get investments worth billions
  1. More More than 10 projects in the process of negotiation
07 October 2019 - Malaysia to boost economy in 2020 as Sino-US trade war drags on
  1. More ​Malaysia's government will likely present an expanded budget on Friday to temper a weak economic outlook, as it grapples with global recession fears, the protracted US-China trade war and a large debt pile left behind by its predecessors
04 October 2019 - Malaysia an attractive investment destination for UK tech companies - Gobind
  1. More The fact that more United Kingdom (UK) tech companies are investing in Malaysia highlights foreign investors' confidence that Malaysia is moving in the right direction, said Communications and Multimedia Minister Gobind Singh Deo
03 October 2019 - Malaysia's economic power to grow as country integrates with Asian economies
  1. More Malaysia’s economic power is expected to grow as the country integrates more deeply with other Asian economies in trade, innovation, culture, tourism and people flows, said Juwai.com executive chairman Georg Chmiel
02 October 2019 - SPV 2030 to close the wealth gap
  1. More Vision of shared prosperity to restructure economy and correct disparities
26 September 2019 - Malaysia to host High-Level Dialogue on ASEAN Italy Economic Relations 2020
  1. More ​Malaysia has been chosen to be the host country for the High-level Dialogue on ASEAN – Italy Economic Relations 2020, June next year, according to the Malaysian Investment Development Authority (MIDA)
23 September 2019 - China’s CPCG leads consortium to invest RM3b in Terengganu
  1. More Chinese integrated construction company Pacific Construction Group Ltd (CPCG) is leading a consortium of investors to invest some RM3 billion in Terengganu for, among others, an industrial park, a free trade zone and affordable housing
23 September 2019 - Lumos Hill+Knowlton bullish on growth in Malaysia
  1. More Public relations consulting company Lumos Hill+Knowlton (SEA) Sdn Bhd sees increasing opportunities in Malaysia as China companies increase their investments in the country
20 September 2019 - More FDIs seen for Malaysia
  1. More Experts believe Malaysia’s foreign direct investment (FDI) momentum will continue to pick up in the upcoming quarters, following the rise in the country’s realised FDI by nearly RM11bil or 68.4% year-on-year (y-o-y) in the first six months of 2019 (6M19)
19 September 2019 - Malaysia's labour productivity grows at healthy rate in Q2
  1. More Malaysia's labour productivity rose at healthy rate in the second quarter, supported by strong growth in value added and employment
11 September 2019 - ACCCIM: Malaysia is best option for China firms looking to relocate operations
  1. More ​Malaysia is the best option for business from China that are looking to relocate their manufacturing operations because of its strategic geographical location, said the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM)
06 September 2019 - US investments into Malaysia rising
  1. More Many E&E firms set to expand their businesses in coming years
05 September 2019 - Stronger-than-expected export performance in July
  1. More Analysts say higher growth likely in third quarter
05 September 2019 - ESTC to elevate Malaysia-Russia trade, investments — Azmin
  1. More ​The reactivation of the Joint Malaysia-Russia Commission for Economic, Scientific, Technical and Cultural Cooperation (ESTC), which will hold its inaugural meeting on the sidelines of the 5th Eastern Economic Forum (EEF) in Russia, is set to further strengthen both nations’ mutual trade and investments
04 September 2019 - US investment in Malaysia up sharply as trade row with China drags on
  1. More Malaysia approved US investment worth US$5.62 billion in the first half of the year compared with US$113 million the previous year, the government said today, a possible sign of a diversion of US business as a trade row with China drags on
28 August 2019 - UOB Malaysia expects total investments to reach RM195 bln
  1. More ​United Overseas Bank (Malaysia) Bhd (UOB Malaysia) expects total investment approval in the country to reach RM195.0 billion this year against RM204.4 billion in 2018
23 August 2019 - Malaysia to see healthy investment inflow from Chinese firms in H2 - Ong
  1. More ​Malaysia is expected to attract quite a healthy inflow of investments from Chinese companies in the second half of the year, Deputy International Trade and Industry Minister Ong Kian Ming said
22 August 2019 - Malaysia to woo foreign investors even beyond US-China trade war
  1. More ​Malaysia will continue to be a business-friendly country and woo more foreign investors into the country even beyond the US-China trade war, Deputy International Trade and Industry Minister Dr Ong Kian Ming said
22 August 2019 - Penang targets RM10b in total investments in 2019
  1. More ​The Penang government is eyeing RM10 billion in total investments by the end of this year, its Chief Minister Chow Kon Yeow said
20 August 2019 - MoF: Increase in Fitch GDP growth projection due to steady rise in FDI
  1. More ​International Fitch Rating Agency has revised its 2019 gross domestic product (GDP) growth projection for Malaysia from 4.2 per cent to 4.6 per cent due to the steady rise in total foreign direct investment (FDI) in the second quarter, said the Finance Ministry
20 August 2019 - Fitch raises Malaysia 2019 GDP growth forecast to 4.6%
  1. More ​Fitch Ratings has revised its 2019 growth forecast for Malaysia to 4.6%, from 4.2%, after the country reported stronger-than-expected growth in the first half
20 August 2019 - Malaysia remains attractive to foreign investors - Lim
  1. More Malaysia continues to be an attractive investment destination as total stock of foreign direct investment (FDI) rose by 10.3 per cent to RM667.5 billion in the second quarter of 2019, compared with RM605.1 billion a year ago
17 August 2019 - GDP grows 4.9pc in Q2
  1. More Malaysia is first in region to enjoy acceleration of growth in second quarter
17 August 2019 - Investments up by 7.6pc
  1. More Manufacturing, services, primary sectors record RM92b in investments
16 August 2019 - Malaysia’s growth set to revive as trade war clouds gather
  1. More ​Malaysia’s economy is set to regain its stride after an unsteady year of reforms following a change of government, but the rebound could be short-lived as risks loom from the US-China trade war
15 August 2019 - 'GDP growth seen picking up in Q2'
  1. More Stronger exports, industrial production expected to lift economic pace
12 August 2019 - Malaysia to focus on economic integration, inclusivity & sustainability at APEC 2020
  1. More ​Malaysia's focus on three priority areas - regional economic integration, inclusivity and technology, and innovation and sustainability - when it hosts the Asia-Pacific Economic Cooperation (APEC) 2020 next year will be timely given the immense challenges confronting the global economy
08 August 2019 - Deputy minister: Incentives, matching grants under Budget 2020 to boost DDI
  1. More ​The Ministry of International Trade and Industry (MITI) is in discussion with the Treasury on incentives and matching grants for domestic direct investments (DDIs) and hopes it can be announced under the Budget 2020
08 August 2019 - Malaysia to set up special channel to facilitate more Chinese investments
  1. More ​Malaysia plans to set up a “special channel” led by the Finance Ministry to facilitate more investments from China, said minister Lim Guan Eng
08 August 2019 - Invest Selangor upbeat on more investment from China
  1. More ​Invest Selangor Bhd is optimistic of heightened investment interest from China in Malaysia this year, particularly Selangor, following the escalating US-China trade conflict, says Invest Selangor Bhd chief executive officer Datuk Hasan Azhari Idris
05 August 2019 - Chinese companies relocating operations to Malaysia amid trade war
  1. More ​Companies in China are relocating most of their operations to Malaysia amid the country's trade war with the United States (US)
02 August 2019 - Pahang to receive RM1.134b investments from Singapore
  1. More The Pahang state government today signed 11 memoranda of understanding (MoUs) with Singaporean investors and international companies that agreed to invest RM1.134 billion in the state
01 August 2019 - Malaysia committed to conducive environment for foreign capital, technology — Dr Mahathir
  1. More Malaysia is committed to providing a conducive environment to encourage the inflow of foreign capital and technology as it strives to remain as the preferred choice for foreign investors, said Prime Minister Tun Dr Mahathir Mohamad
26 July 2019 - Tun M invites Turkish companies to invest in three core sectors in Malaysia
  1. More ​There are three core sectors in Malaysia that Turkish companies can invest or collaborate with local partners, namely aerospace, automotive, machinery and equipment (M&E), said Prime Minister Tun Dr Mahathir Mohamad
23 July 2019 - US firms may speed up move to Malaysia: trade body
  1. More ​American firms keen to establish their presence in Malaysia are likely to speed up their moves amid uncertainties caused by the US-China trade tensions, says a trade body
11 July 2019 - Negeri Sembilan govt confident of wooing high-impact investments from China to develop MVV
  1. More ​The Negeri Sembilan government is confident of attracting high-impact investments especially from investors in China for the development of the Malaysia Vision Valley (MVV) project in the western part of the state
10 July 2019 - Malaysia continues to welcome quality global investments — DPM
  1. More ​Malaysia will continue to welcome quality global investments including from China, especially in capital intensive, high-skilled and technologically advanced projects, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail
09 July 2019 - Trade between Malaysia and China hits US$100bil
  1. More Envoy: Investment in manufacturing sector has quadrupled and created jobs
08 July 2019 - 'S&P's rating reflects confidence'
  1. More Malaysia's healthy growth prospect drives agency's reaffirmation, says Guan Eng
08 July 2019 - Vital to promote Malaysia to capture Chinese MNCs that are going global, says banker
  1. More ​Promoting Malaysia is fundamental because Malaysians, unfortunately, are too modest while other countries in Asean are heavily promoting themselves, says Omar Mahmoud
08 July 2019 - Be more aggressive to thrive in China, Mida chairman tells Malaysian businesses
  1. More ​Malaysian businesses, especially listed and government linked companies, are being urged to build and strategise more value-added joint ventures with Chinese counterparts, towards doing well in the rising China market, as normal businesses are becoming unattractive there
03 July 2019 - Taiwan-Malaysia trade expected to grow 10% in five years
  1. More ​Bilateral trade between Malaysia and Taiwan is expected to grow at least 10 percent within five years from now, according to recent economic forecasts
03 July 2019 - Malaysia attractive FDI location for foreign firms amid US-China trade war
  1. More ​Malaysia, a key supply chain hub for the manufacturing, banking and telecommunications sectors, is becoming attractive to foreign firms looking to expand their operations into new markets
02 July 2019 - Malaysia is top choice for Italian firms
  1. More ​Malaysia remains a preferred economic and trade investment destination in the Asean region for Italian companies due to its strategic location and a socio-politically stable climate, says Italian Ambassador to Malaysia Cristiano Maggipinto
02 July 2019 - Malaysia to become high-income nation
  1. More World Bank sets 2021-2024 as target period
02 July 2019 - Johor's 2018 FDI surges to RM24.03 bln - exco
  1. More ​Foreign Direct Investments (FDIs) in Johor surged to RM24.03 billion last year from RM5.10 billion recorded in 2017
01 July 2019 - World Bank expects Malaysia´s GDP to grow 4.6 pct
  1. More ​Malaysia’s economy is expected to expand at a relatively moderate rate, with the gross domestic product (GDP) projected to record 4.6 per cent in 2019, says World Bank
28 June 2019 - Malaysia reports lower FDI net inflows
  1. More Inflows fell to RM32.6bil in 2018 on lower investments in mining and quarrying sector
27 June 2019 - Malaysia, Pakistan should boost business linkages — Dr Wan Azizah
  1. More ​Malaysia and Pakistan should explore more opportunities in the halal industry not only for their own domestic consumption but also the international market, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail
27 June 2019 - Malaysia posts net FDI inflows of RM32.6b in 2018
  1. More ​Malaysia’s foreign direct investment (FDI) recorded net inflows of RM32.6 billion in 2018 against RM40.4 billion a year before
27 June 2019 - Malaysia, South Korea initiate bilateral FTA negotiations — MITI
  1. More ​The Ministry of International Trade and Industry (MITI) today announced Malaysia has initiated bilateral free trade agreement (FTA) negotiations with the Republic of Korea
27 June 2019 - MITI's advisory council to discuss NAP, FDI & DDI
  1. More The newly-established Trade and Industry Advisory Council (TIAC) is set to discuss the National Automotive Policy (NAP) as well as rebalancing the ratio between foreign direct investment (FDI) and domestic direct investment (DDI) in its upcoming meetings
26 June 2019 - Sarawak has steady sources of revenue
  1. More ​Sarawak, which has recorded budget surpluses for several years, has steady sources of revenue, especially the imposition of the sales tax on petroleum products for exports
26 June 2019 - Ministry positive on FDI inflows
  1. More However, government remains cautious about external challenges, says Leiking
26 June 2019 - Malaysia' productivity growth better than some developed country
  1. More Malaysia registered a labour productivity growth of 2.2 per cent at RM91,971 last year as compared with RM89,925 in 2017
25 June 2019 - Malaysia to maintain strong business relationship with China
  1. More ​Malaysia will maintain its strong business relationship with China and no Chinese investor will feel left out in this regard, says Finance Minister, Lim Guan Eng
24 June 2019 - Malaysia told to increase productivity to become high-income nation
  1. More ​Malaysia needs to increase its productivity if it is to achieve its goal to become a high-income nation in the next decade, said International Monetary Fund (IMF) managing director Christine Lagarde
24 June 2019 - Director: Malaysia should capitalise on rising middle-class segment in China
  1. More ​Maintaining good quality investments is vital for Malaysia and China to strengthen its economic relations, especially in light of the current trade war between the world’s two biggest economies
24 June 2019 - IMF: Vital for Malaysia to boost policy buffers
  1. More Openness to trade makes country vulnerable to increasing protectionism
23 June 2019 - ASEAN playing important role in boosting regional trade - PM Mahathir
  1. More ​Prime Minister Tun Dr Mahathir Mohammad said the 10-member ASEAN was not dormant, but playing an important role in boosting regional trade
22 June 2019 - 'Malaysia trade with UK has more room to grow'
  1. More Malaysia's trade with the United Kingdom can potentially grow further, given the ongoing tension between China and the United States, said Finance Minister
22 June 2019 - Perak records RM1.43 bln investments for Jan-March 2019
  1. More ​Perak recorded investments of RM1.43 billion for the January to March period this year compared with RM249.8 million in the same period last year
21 June 2019 - 'Economic direction clearer now'
  1. More Analysts expect GDP growth, ringgit to strengthen this year after 'chaos'


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Last Updated : Thursday 16th January 2020