Malaysia’s economic growth slows down in Q3

Malaysia recorded a 4.4-percent expansion in its gross domestic product (GDP) in the third quarter of 2019, compared to 4.9 percent in Q2.

Saturday, November 16, 2019 18:00

Malaysia’s economic growth slows down in Q3 ảnh 1

A view of Kuala Lumpur capital of Malaysia (Photo: New Straits Times)

Kuala Lumpur (VNA) – Malaysia recorded a 4.4-percent expansion inits gross domestic product (GDP) in the third quarter of 2019, compared to 4.9percent in Q2.

Governor of the Bank Negara Malaysia (BNM) Nor Shamsiah Mohd Yunus attributedthe slower GDP pace to the lower growth in key sectors and a decline in miningand construction activities.

According to the BNM report, headline inflation in Q3 stood at 1.3 percentcompared to 0.7 percent in Q2. Core inflation, excluding the impact ofconsumption tax policy changes, was steady at 1.5 percent.

The Malaysian ringgit depreciated by 1.1 percent compared to the US dollarbetween July and September due to increased risks amid the prolonged US-Chinatrade war.

The central bank’s leader expected full-year growth will be within projectionsof between 4.3 percent and 4.8 percent, and the pace will sustain in 2020,underpinned mainly by the private sector, particularly household spending whichis supported by continued expansion in employment and income./.

VNA

#Malaysia #Malaysia's economy #Malaysia’s economic growth #Bank Negara Malaysia #central bank of Malaysia #Malaysia's GDP #updated Vietnam news #Vietnamplus #Vietnam News Agency Malaysia

See more

Illustrative image (Photo: Nation Thailand)

Thailand's births fall below 500,000 for first time in nearly 80 years

22/01/2025 03:15

Thailand's population has declined by 100,000 in 2024 to 65.95 million, marking a historic demographic shift as annual births fell below 500,000 for the first time since 1949, despite the government's efforts to promote childbearing through the Having Children for the Nation campaign.

A view of Kuala Lumpur at night (Photo: imf.org)

Malaysia’s economy on solid recovery path

22/01/2025 02:36

Amid global economic challenges, Malaysia's economy maintained robust recovery throughout 2024, providing momentum for continued growth in 2025.

Search and rescue underway operations in Central Java. (Photo: AP)

Flash floods, landslide in Indonesia claim at least 16 lives

21/01/2025 23:32

A landslide in Pekalongan, Central Java of Indonesia has claimed at least 16 lives and left 10 others injured, according to the National Disaster Mitigation Agency (BNBP) on January 21.

Fire destroys over 500 homes in central Jakarta

21/01/2025 17:24

As many as 543 houses were destroyed in a blaze in Kemayoran sub-district of Central Jakarta early January 21.

Tourists in Bangkok, Thailand (Photo: VNA)

Thai council urges ASEAN unity in US trade talks

21/01/2025 15:18

The National Economic and Social Development Council (NESDC) of Thailand has recommended that Thailand collaborate with other ASEAN nations to negotiate trade agreements with the US to avoid high import tariffs and penalties.

Coordinating Minister for Economic Affairs, Airlangga Hartarto, recently issues a statement in Jakarta. (Photo: Antara)

Indonesia welcomes WTO ruling on EU curbs on palm oil biofuel

21/01/2025 14:14

Indonesia has welcomed a recent ruling by the World Trade Organisation (WTO), which found that the European Union (EU) discriminated against Indonesian palm oil-based biofuel, giving it unfair and detrimental treatment, in setting biofuel regulations, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.

Indonesia launches 37 energy projects

21/01/2025 11:14

Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on January 20 as the country is on track to achieve energy self-sufficiency.

ASEANAPOL enhances crackdown on scam call centres

21/01/2025 11:08

The Asean National Police (ASEANAPOL) will prioritise the elimination of scam call centres linked to trafficking in persons and forced criminal activities as part of its regional action plan this year, Director for Plans and Programmes of the ASEANAPOL Secretariat Police Senior Lieutenant-Colonel Nguyen Huu Ngoc has said.

The Earthquake Observation Division of Thailand marks the epicentre of the 3.4-magnitude quake on Google Maps in Pai district of Mae Hong Son at 11.57 pm on January 19. (Photo: Bangkok Post)

Continuous earthquakes shake northern Thailand

21/01/2025 11:04

The Earthquake Observation Division of the Thai Meteorological Department said 15 quakes Wiang Nuea tambon, Pai district in Thailand's northern province of Mae Hong Son from 9.56pm on January 19 to 3.46pm on January 20.

A flood-hit area in South Sulawesi, Indonesia, on December 24, 2024 (Photo: Xinua/VNA)

Indonesia to build 5,000 homes for disaster-prone areas

21/01/2025 11:01

The Ministry of Housing and Settlement in collaboration with the National Disaster Mitigation Agency (BNPB) will provide 5,000 housing units in disaster-prone areas across several regions.

Thai Prime Minister Paetongtarn Shinawatra at a recent press conference (Photo: VNA)

Thailand eyes cryptocurrency to boost economy

21/01/2025 10:57

Thai Prime Minister Paetongtarn Shinawatra has announced the government’s decision to allow the use of payment products and services through digital assets in storage areas in Phuket, a popular island destination in the country.

A shopper at a supermarket in Bangkok, Thailand (Photo: AFP/VNA)

Thailand prepares to respond to US policy changes

21/01/2025 10:34

The Federation of Thai Industries (FTI) has called for thorough preparations to address potential trade challenges resulting from the US’s policy changes.

Thai police display crystal meth seized in Bangkok in early 2023. (Photo: AFP/VNA)

Thailand launches crime crackdown, seizes largest-ever drug haul

21/01/2025 10:13

Thailand’s Government is putting together a six-month campaign tackling drug problems, call centre gangs, and human trafficking, Deputy Prime Minister Phumtham Wechayachai said on January 20.

Indonesian President Prabowo Subianto inaugurates 37 national strategic electricity projects from the Jatigede Hydroelectric Power Plant, Sumedang district, West Java province on January 20. (Photo: Antara)

Indonesia optimistic about ending fuel imports in five years

21/01/2025 10:03

Indonesian President Prabowo Subianto is optimistic that Indonesia can halt fuel imports within five years, aligning with the government's goal of achieving energy self-sufficiency.

Malaysia, EU resume FTA negotiations

21/01/2025 09:58

President of the European Commission (EC) Ursula von der Leyen and Malaysian Prime Minister Anwar Ibrahim on January 20 announced the resumption of negotiations for an ambitious, modern, and balanced EU – Malaysia free trade agreement (FTA).

Prime Minister Pham Minh Chinh (L) is welcomed by Czech Prime Minister Petr Fiala in Prague on January 20. (Photo: VNA)

Czech media covers PM Pham Minh Chinh’s official visit

21/01/2025 09:39

The Czech media has highlighted the visit of Vietnamese Prime Minister Pham Minh Chinh, particularly the elevation of the bilateral relations to a Strategic Partnership, which is expected to open up opportunities for the two countries to strengthen cooperation in economy, trade, and other fields.