CLICK TO ENLARGEWHILE key indicators show recovering momentum in Malaysia’s economy for the first

for a while. Although the South-East Asian economy had recovered from five straight quarters of

CLICK TO ENLARGEKUALA LUMPUR: Retail Group Malaysia( RGM) has revised downwards its sales growth forecast for 2021 to 0.8% from 4% initially, mainly due to the business disruptions caused by the various movement restrictions imposed this year.In its latest Malaysia Retail Industry Report, RGM said retail businesses were hit hard by the numerous lockdowns that were implemented to curb the rise in Covid-19 cases.“ In June this year, RGM estimated a 4% growth rate in retail sales for 2021.... Duri

recover and maintained stable growth in the past year, while the manufacturing industry has

expected to recover by early 2024 on the assumption that the global technology cycle has bottomed while

PETALING JAYA: In spite of trade activities coming under pressure amid tighter restrictions due to the high number of Covid-19 cases, the country’s trade surplus for the year is expected to be sturdy. Although some sectors may see cancellation of future export orders and disruption in supply chains due to the tighter restrictions from the lockdown, on the whole, economists are confident that the nation’s trade surplus would remain sizable this year.In a bid to curb the pandemic, the government h

Join our Whatsapp channel KARACHI: Better-than-expected inflation reading for February provided a stimulus to the Pakistan Stock Exchange( PSX) to break the four-session losing streak as equity investors resorted to value-hunting, anticipating a more significant rate cut in the upcoming monetary policy review, propelling the benchmark KSE 100 index above 112, 000 on Tuesday. Topline Securities Ltd said after enduring a bearish spell, the bulls made a strong comeback, driving the benchmark index

seized buying opportunities, buoyed by Wall Street’s recovery and positive momentum in Asian markets

KUALA LUMPUR: Malaysian vehicle sales are expected to start picking up from this month, driven by easing economic activity restrictions in key states like Selangor and Kuala Lumpur. CGS-CIMB Research in a report yesterday said it is maintaining its 500, 000 units total industry volume( TIV) sales forecast for 2021, which is in line with the Malaysian Automotive Association’s( MAA) target for this year.“ Our 500, 000 TIV forecast implies a 5.6% year-on-year decline in 2021 due to sales volume fal

and abroad, according to policymakers and advisers.As strong economic growth momentum continues