Singaporean economy, key exports grow stronger than expected in Q3
SINGAPORE: The Singaporean economy expanded by 5.4 per cent year-on-year in the third quarter, faster than the advance estimate of 4.1 per cent, the Ministry of Trade and Industry (MTI) said on Friday, according to Xinhua. The growth in the third quarter was primarily driven by the manufacturing, wholesale trade, as well as finance and […]
Anwar: Malaysia has all it takes to rise again as vibrant economy
KUALA LUMPUR: Malaysia has enormous potential to rise as a vibrant economy as it has the necessary resources, skilled workforce and strong economic fundamentals, said Prime Minister Datuk Seri Anwar Ibrahim. He said the Unity Government has also crafted a series of policies, namely the Madani Economy, the National Energy Transition Roadmap (NETR) and the […]
12MP set to achieve annual GDP growth of 5.0-5.5 pct; GNI of RM61,000 in 2025
KUALA LUMPUR: Malaysia’s economy is on track to grow between 5.0 and 5.5 per cent per annum for the remainder of the 12th Malaysia Plan (12MP), driven by domestic demand, particularly private sector expenditure. According to the Mid-Term Review of the 12th Malaysia Plan (12MP MTR) 2021-2025 report, tabled in Parliament today, the gross national […]
Construction of roads to boost Daro’s economy
BY NUR FARIHAN RAZALI DARO: The construction project of two roads in the area will continue, said Daro assemblyman Safiee Ahmad. “I promise that I will try to make the two projects a reality. This is because, with the construction of the roads, it will further boost the economy of the local population, thus making […]
Construction industry to play crucial role
KUCHING: The construction industry will play a crucial role in driving the economy of Sibu in the next 10 years with the redevelopment of Bukit Assek beginning next year. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the first phase of the redevelopment plan will focus on infrastructure, thus, it is expected there […]
Eastern Europe faces high inflation, weak growth
WASHINGTON: Eastern and Southeastern Europe are facing deep economic “scarring” and high inflation along with weak growth, reported Sputnik, quoting International Monetary Fund (IMF) managing director Kristalina Georgieva. “Turning to growth, the region is facing deep economic scarring,” Georgieva said at a conference hosted by the IMF and the Croatian National Bank in Dubrovnik. The IMF’s current […]
New Economy the way forward, Premier tells KL
BY NATASHA JEE, ALEXANDRA LORNA & JACINTHA JOLENE KUCHING: The country’s economy must be reformed towards the ‘new economy’ in order to match development in neighbouring countries. In stating this, Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said Malaysia’s economy had to be based on sustainability and renewable energy. “We must reform our […]
New insights to transform economy
KUCHING: The International Association for Impact Assessment (IAIA) 2023 will provide new insights to transform Sarawak’s economy through its impact assessment and leadership. In stating this, Premier Datuk Patinggi Abang Johari Tun Openg pointed out that building an increasingly resilient Sarawak was an ongoing journey with the results hinging on the combined efforts of the […]
Bilateral trade the best starting point to dedollarise
KUALA LUMPUR: Bilateral and regional agreements are the best starting points for Malaysia and other developing countries to pursue dedollarisation by undertaking non-dollar denominated transactions, economists say. They said that by doing so, developing economies could move away from risks arising from over-dependence on the greenback. The economists also noted that traction for dedollarisation is […]
State to utilise Daro to generate new source of revenue
BY AMYRA VARKISA & ALEXANDRA LORNA DARO: Sarawak government has plans to create a new source of revenue for the state through the Daro district. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said that the new economic plan for the constituency might put the place on par with Emirates. However, Abang Johari refuses […]
