Ringgit rebounds slightly against US$ ahead of 2Q GDP estimates

KUALA LUMPUR: The ringgit rebounded to open slightly higher against the US dollar on positive sentiment ahead of the release of Malaysia’s advance second quarter of 2024 (2Q 2024) gross domestic product (GDP) estimates today. The Department of Statistics Malaysia (DoSM) is scheduled to release the 2Q 2024 GDP estimate data in the afternoon. At 8 am,...

Malaysia’s inflation remains at 1.8% in April

KUALA LUMPUR: Malaysia's inflation remained at 1.8% for the third consecutive month in April, led higher by price increases in restaurant and accommodation services. The rate of increase was lower than the median forecast of 1.9% in a Reuters poll of economists. In a statement, the National Department of Statistics said the country's core inflation in April...

Number of job vacancies advertised online up by 29.5pc in Q3 of 2023, says Stats Dept

PUTRAJAYA: Job vacancies advertised online recorded an increase of 29.5 per cent with 338,305 vacancies in the third quarter (Q3) of 2023 compared to 261,231 vacancies recorded in the second quarter (Q2) last year, according to the Department of Statistics Malaysia (DOSM). In the Big Data Analytics Job Market Insights and My Job Profile: Job Vacancies...

DOSM estimates 3.4% growth in Malaysian economy in 4Q23

KUALA LUMPUR: Malaysia's economy is estimated to grow at 3.4 per cent in the fourth quarter of 2023 (4Q 2023), representing a slight uptick from the previous quarter's growth of 3.3 per cent, according to the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said notably, the services sector retained its position...

Wholesale, retail trade sales up 6.7% in August to RM142.5bil

KUALA LUMPUR: Malaysia’s wholesale and retail trade recorded sales value of RM142.5 billion, an increase of 6.7 per cent year-on-year (y-o-y) in August 2023, said the Department of Statistics Malaysia (DoSM). On a month-on-month comparison, sales value grew 2.0 per cent, it added. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase of 6.7 per...