Malaysia’s external trade activities is expected to expand steadily beyond 2023 amid the impact of new trade agreements, apart from elevated commodity prices and lower interest rates, according to a research released on February 2 by Malaysian Industrial Development Finance Berhad (MIDF).
Malaysian Prime Minister Anwar Ibrahim said the government will work to gradually reduce the national debt and budget deficit, without resorting to raising taxes that hurt the poor.
The European Union (EU) is expecting trade with Malaysia to recover to pre-pandemic levels by the end of this year, EU Ambassador to Malaysia Michalis Rokas has said.
Singaporean Prime Minister Lee Hsien Loong and his Malaysian counterpart Anwar Ibrahim on January 30 witnessed the signing of three bilateral cooperation agreements on the digital economy, green economy, personal data protection, and cyber security.
Malaysia’s Kenanga Research (Kenanga) expects tourist arrivals in the country to jump almost four-fold to 9.6 million in 2023 from an estimated 2.5 million a year ago.
Malaysia Prime Minister Anwar Ibrahim will make an official visit to Singapore on January 30 at the invitation of Singapore counterpart Lee Hsien Loong.
Malaysia's passenger traffic across all local airports operated by the Malaysia Airports Holdings Bhd (MAHB) saw a substantial increase to 52.7 million last year from 10.72 million in 2021.
The governments of Malaysia and Indonesia will hold a meeting to discuss issues related to crude palm oil (CPO) benchmark price, according to Malaysian Deputy Prime Minister and Plantation and Commodities Minister Fadillah Yusof.
The Communications and Digital Ministry of Malaysia plans to announce the introduction and implementation of 5G by Digital Nasional Bhd (DNB) with added features at the end of March.
Malaysia will restructure its economy based on three main strategies to eradicate poverty, restructure and restore the economy, as well as generate the economy anchored on the concept of Malaysia Madani, said Prime Minister Anwar Ibrahim.
According to the Federation of Malaysian Manufacturers (FMM), Malaysia benefits from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with better market access for its exports.
Malaysia’s government will accelerate the implementation of a plan on promoting the recruitment of foreign workers in five sector,s namely manufacturing, construction, plantation, agriculture, and services (restaurants only), according to Human Resources Minister V Sivakumar.
Malaysia's national debt including liabilities has reached 1.5 trillion RM (346 billion USD), equivalent to over 80% of the country's gross domestic product (GDP), according to Malaysian Prime Minister Anwar Ibrahim.
Chinese Ambassador to Malaysia Ouyang Yujing has said the two countries have been enjoying strong economic ties, adding that the trade volume in 2022 reached a historical height of 203.6 billion USD, increasing 15.6% year-on-year.
Malaysia’s expected entry of 500,000 foreign workers this year will not affect job opportunities for locals, said Human Resources Minister V. Sivakumar on January 16.
Indonesia and Malaysia have said that they could stop exporting palm oil to the European Union in response to a new EU law aimed at protecting forests by strictly regulating the sale of palm oil products.
Head of Indonesia’s National Food Agency (Bapanas) Arief Prasetyo Adi said on January 10 that the country plans to export corn to Vietnam, the Philippines, and Malaysia in 2023.
Malaysia will remove its existing preconditions on employing foreign workers and allow demand-based employment in bid to boost its economy, said Minister of Home Affairs Saifuddin Nasution Ismail.
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