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.
A view of Kuala Lumpur capital of Malaysia (Photo: New Straits Times)Kuala Lumpur (VNA) – 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.
Governor of the Bank Negara Malaysia (BNM) Nor Shamsiah Mohd Yunus attributed the slower GDP pace to the lower growth in key sectors and a decline in mining and construction activities.
According to the BNM report, headline inflation in Q3 stood at 1.3 percent compared to 0.7 percent in Q2. Core inflation, excluding the impact of consumption tax policy changes, was steady at 1.5 percent.
The Malaysian ringgit depreciated by 1.1 percent compared to the US dollar between July and September due to increased risks amid the prolonged US-China trade war.
The central bank’s leader expected full-year growth will be within projections of between 4.3 percent and 4.8 percent, and the pace will sustain in 2020, underpinned mainly by the private sector, particularly household spending which is supported by continued expansion in employment and income./.
You should also see
Government’s action programme cracks down on illegal fishing
A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
See more
World
Malaysian official urges collective efforts in plastic waste fight
A Malaysian official has underlined the importance of collective efforts, particularly by the public, in promoting the use of reusable bags and reducing single-use plastics in the fight against plastic waste.
World
Malaysia attaches importance to high-quality investments, start-ups
Six Malaysian ministers on April 22 made a joint commitment to ensure a coherent approach to achieve the goal of the Kuala Lumpur 20 Summit 2024 (KL20 summit 2024) to make Malaysia a vibrant hub for startups and high-quality investments.
World
Thailand’s sugar cane output falls sharply due to drought
Thailand's sugar cane output declined in the 2023-24 crop because of severe drought, according to the Office of the Cane and Sugar Board (OCSB).
World
Thailand urged to increase proportion of renewable power generation
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
World
Indonesia lifts tsunami alert given after Ruang volcano’s eruption
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
