Manufacturers regain confidence on economic recovery, says MIER
BUSINESS Conditions Index (BCI) for the fourth quarter of 2021 (4Q21) indicates that manufacturers have begun to regain confidence, said The Malaysian Institute of Economic Research (MIER). According to the research outfit, the 4Q21 index showed a positive outlook, rising by 25 points to settle at 122, well above the 100-point threshold. The index increased […]
MIDF expects economic activities to strengthen
KUALA LUMPUR: MIDF Research foresees Malaysia’s economic activities to strengthen further this year, fostered by the recovery in private consumption and robust external trade. In a research note, it noted that the IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – rose to 52.8 in December 2021 […]
Korea’s SK Group invests RM2.9b in M’sia including digital bank and EV
SK GROUP, the second-largest conglomerate in Korea with a market capitalisation of US$177 billion (RM741.63 billion), has committed over US$700 million worth of investments in Malaysia in 2021 and intends to invest further into the country moving forward. In January 2021, SK Nexilis Co Ltd announced a capital expenditure (capex) of RM2.3 billion to […]