Inflation in Malaysia Dropped To An All-Time Low in 2023 According to the Department of Statistics Malaysia (DoSM), the inflation rate in Malaysia has fallen to its lowest level of 2023, hitting 2.4% in June. This rate has even gone lower than the Central Bank’s (Bank Negara) prediction, which ranges from 2.8% to 3.8%. This…
Malaysia and Hong Kong Come Together to Develop an Economic Hub Near Singapore Border Hong Kong is teaming up with Malaysia to create an economic hub near the Singapore border — in the south of Johor. The news comes as Malaysia seeks to further expand the development potential of the land to an upcoming cross-border…
Malaysia is the Fifth-Largest LNG Exporter in the World Malaysia stands proud to be the fifth-largest LNG exporter in the world. The country has been and looks to continue reigning the spot as per the International Gas Union’s (IGU) 14th annual World LNG Report 2023. The report released on 12 July shows Malaysia exports LNG…
Understanding Why the Lift on Export Ban on Renewable Energy Matters Malaysia has decided to lift the export ban on renewable energy. After initially placing a ban in October 2021, this leap of change brings improvement in the country’s renewable energy sector. The lift will allow Malaysian companies to export their electricity to other countries,…
Sharp Decline in MM2H Applications Calls For a Review The Malaysian Government will be reviewng the Malaysia My Second Home (MM2H) visa programme after a sharp decline from last year. The review was called for after the MM2H had a whopping 90% drop in programme applications since the tightening of the criteria in 2021. The…
Malaysia’s Export Value Hits RM 112.84 billion in January Malaysia’s export value in January expanded to RM 207.1 billion (1.9%), the highest record of the month. The Ministry of International Trade and Industry (MITI) believes this was thanks to strong exports. Exports include electrical and electronics (E&E) products, petroleum, and liquified natural gas (LNG). Imports…
Malaysia to Sell Electricity to Singapore from 2023 Malaysia will sell electricity to Singapore from 2023. YTL PowerSeraya, Singapore’s local power producer, will be importing it on a commercial basis. Over a two-year period, 100 megawatts (MW) will be imported by YTL from Malaysia’s TNB Power Generation (a subsidiary of Tenaga Nasional Berhad (TNB)) plant…
Malaysia Jan Exports Up by 1.6% From Last Year The January export numbers in Malaysia rose 1.6% from last year. Despite the rise, the numbers are slower than expected. Financial analysts expected it to be 7.4%. The situation was similar for export numbers in January 2022, with a rise of only 2.3%. Analysts were anticipating…