Gong Xi Fa Cai
Gong Xi Fa Cai! 🧧 May the Year of the Dragon bring you and your loved ones prosperity, good health, and joy. https://apdib.com/wp-content/uploads/2024/03/APIB-CNY-HD.mp4
Happy Federal Territory Day
Asia Pacific Investment Bank wishes Happy Federal Territory Day and Happy Holiday to all in Kuala Lumpur, Putrajaya and Labuan!
BNM keeps OPR at 3%
KUALA LUMPUR (Jan 24): Malaysia’s headline interest rate, the overnight policy rate (OPR), has been maintained at 3% following the Monetary Policy Committee (MPC) meeting on Wednesday, said Bank Negara Malaysia (BNM). This is the fourth time that the MPC has decided to maintain the OPR at 3% since July 2023. The headline rate was […]
Happy Thaipusam
Wishing you a blessed and blissful Thaipusam! May this festival bring you and your family abundant happiness, prosperity, and fulfillment. #APIB #Thaipusam
Malaysia posts 3.3% GDP growth in 3Q
Malaysia’s economy expanded 3.3% in the third quarter of 2023 from a year earlier as resilient domestic demand offset continued export weakness. The gross domestic product (GDP) growth beat the 3% median average forecast of a Reuters survey of economists and was better than the 2.9% growth recorded in the previous quarter. On a quarter-on-quarter […]
Malaysia announces new taxes, cuts subsidies in tighter 2024 spending plan
Malaysia said on Friday it would introduce a capital gains tax and a tax on high-value goods and gradually cut subsidies to bolster its fiscal position, as an economic slowdown puts a strain on government spending. Prime Minister Anwar Ibrahim is under pressure to revive Malaysia’s export-driven economy amid moderating growth, a weakening local currency […]
Economy to improve in 2024
THE Malaysian economy is expected to strengthen in 2024, growing in the range of 4% to 5% amid expansion in all sectors and better prospects in global trade. In its Economic Outlook 2024 report, the Finance Ministry said that world trade is likely to improve next year in tandem with stronger trade activities. This in […]
NIMP 2030 can propel Malaysa to next level of development
The New Industrial Master Plan (NIMP) 2030 has the potential to propel Malaysia and its manufacturing sector to its next stage of development. RAM Ratings noted the plan is complemented by the recently tabled mid-term review (MTR) of the Twelfth Malaysia Plan (12MP) 2021-2025, which realigned the near-term action plans and key targets with the […]
Malaysia, China sign three MOUs worth nearly RM20bil
Malaysia and China have inked three memoranda of understanding (MOUs) worth RM19.84bil. The first MOU, worth RM15bil, was inked between Citaglobal Bhd and Shanghai Sus Environment on exploring the potential collaboration for developing waste to energy power plants primarily in Malaysia. The second MOU worth RM2.34bil was signed between PM Access World and Beibu Gulf […]
Malaysia’s unemployment rate drops to 3.4% in June, the lowest in three years
Malaysia’s jobless rate fell to 3.4 per cent in June, the lowest since March 2020, supported by a resilient domestic economy, said the Department of Statistics Malaysia (DOSM) on Thursday (Aug 10). The number of employed persons in June rose with a month-on-month increase of 0.2 per cent to 16.3 million, while the number of […]