1y ago
KUALA LUMPUR, May 16 (Bernama) — Bank Negara Malaysia (BNM) acknowledges the need to revise the gross domestic product (GDP) growth forecast for 2025 amid the global economic uncertainty, but prefers to avoid making revisions based on assumptions, said BNM governor Datuk Seri Abdul Rasheed Ghaffour.
1y ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, May 5 (Bernama) -- Economists revised downwards Malaysia’s 2025 gross domestic product (GDP) growth to 4.5 per cent due to the debilitating tariffs implemented by the United States (US), but remained confident in the economy’s resilience.
1y ago
KUALA LUMPUR, May 5 (Bernama) -- Rising trade protectionism impacts global trade, causing economic fragmentation that affects trade, investment, and capital flows throughout the region, as concluded in the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3).
1y ago
KUALA LUMPUR, May 5 (Bernama) -- The government will allocate an additional RM50 million to the Malaysia External Trade Development Corporation (MATRADE) to expedite efforts to explore new markets.
1y ago
KUALA LUMPUR, April 30 (Bernama) -- Malaysia’s official reserve assets amounted to US$117.49 billion (US$1= RM4.31) as of end-March, 2025, while other foreign currency assets stood at US$4.3 million, according to Bank Negara Malaysia (BNM).
1y ago
KUALA LUMPUR, April 25 (Bernama) -- The World Bank has projected Malaysia’s gross domestic product (GDP) growth rate for this year at 3.9 per cent, citing global challenges.
1y ago
KUALA LUMPUR, April 24 (Bernama) -- Malaysia’s GDP growth forecast for 2025, currently projected at between 4.5 per cent and 5.5 per cent, may need to be revised downward due to the impact of tariffs, said Bank Negara Malaysia (BNM).
1y ago
KUALA LUMPUR, April 23 (Bernama) -- The International Monetary Fund has downgraded Malaysia’s real gross domestic product (GDP) growth forecast for 2025 to 4.1 per cent, from 4.7 per cent previously, reflecting a broader downward revision across the region.
1y ago
KUALA LUMPUR, April 23 (Bernama) -- The ringgit opened almost flat against the dollar, as market sentiment remained fixated on the US President’s conflicting remarks about the Federal Reserve (Fed) chairman’s position.
1y ago
JOHOR BAHRU, April 21 (Bernama) -- The Johor state government is mooting the establishment of the ASEAN industrial park within the Johor-Singapore Special Economic Zone (JS-SEZ), Menteri Besar Datuk Onn Hafiz Ghazi said.
1y ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, April 18 (Bernama) -- The Federal government and the Johor state government have discussed sandbox initiatives to address the concerns of investors and industries in the Johor-Singapore Special Economic Zone (JS-SEZ).
1y ago
By CW Sim
KUALA LUMPUR, April 3 (Bernama) -- On April 3, 2025, President Donald Trump declared “America’s Liberation Day” from the White House Rose Garden and signed an executive order launching a sweeping global tariff regime.