Lowest Inflation Rate of 1.8% Recorded by Malaysia in October 2023 Malaysia recorded its lowest inflation in October this year. At a rate of 1.8%, this was the lowest since April 2021 and it was driven by moderate price hikes in the non-alcoholic beverage and food sector. Malaysia’s lowest inflation rate beat Indonesia (2.6%), the…
Malaysia’s Natural Rubber Production Rises 9.7% in August Malaysia’s Department of Statistics (DOSM) revealed that Malaysia’s natural rubber production was up by 9.7% (31,309 tonnes) in August this year. This is an improvement from July’s record of 28,533 tonnes. However, compared to a year ago (August 2022), this was a drop of 16.9%. Malaysia’s natural…
Malaysia Improves its Position to 18th in 2023 Global Financial Inclusion Index Malaysia has risen two spots to the 18th place in the 2023 Global Financial Inclusion Index. It’s a comprehensive index released by Principal Financial Group (Principal) and the Centre for Economics and Business Research (CEBR) annually. Positive Shifts in Southeast Asia Consumer…
Malaysia to Focus on Economic Reforms After State Elections with the New Industrial Master Plan The Malaysian government is focusing on economic reforms in the upcoming months. This is good news for the people, as the reforms would be raising wages for workers and easing ways to do business. The pressure for Malaysia’s Prime Minister…
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…
Feelings of Optimism as Malaysia’s Economy Grows 5.6% Above Forecast Malaysia’s economy grows 5.6% above forecast in the first quarter of this year, thanks to expansions in private consumption and investments. Economists had predicted a 4.8% growth for annual gross domestic product from January to March. The robust domestic demand will continue to drive Economic…