Inflation in Malaysia Dropped To An All-Time Low in 2023 According to the Department of Statistics Malaysia (DoSM), the inflation rate in Malaysia has fallen to its lowest level of 2023, hitting 2.4% in June. This rate has even gone lower than the Central Bank’s (Bank Negara) prediction, which ranges from 2.8% to 3.8%. This…
Malaysia and Hong Kong Come Together to Develop an Economic Hub Near Singapore Border Hong Kong is teaming up with Malaysia to create an economic hub near the Singapore border — in the south of Johor. The news comes as Malaysia seeks to further expand the development potential of the land to an upcoming cross-border…
Malaysia is the Fifth-Largest LNG Exporter in the World Malaysia stands proud to be the fifth-largest LNG exporter in the world. The country has been and looks to continue reigning the spot as per the International Gas Union’s (IGU) 14th annual World LNG Report 2023. The report released on 12 July shows Malaysia exports LNG…
Understanding Why the Lift on Export Ban on Renewable Energy Matters Malaysia has decided to lift the export ban on renewable energy. After initially placing a ban in October 2021, this leap of change brings improvement in the country’s renewable energy sector. The lift will allow Malaysian companies to export their electricity to other countries,…
Sharp Decline in MM2H Applications Calls For a Review The Malaysian Government will be reviewng the Malaysia My Second Home (MM2H) visa programme after a sharp decline from last year. The review was called for after the MM2H had a whopping 90% drop in programme applications since the tightening of the criteria in 2021. The…
Feelings of Optimism as Malaysia’s Economy Grows 5.6% Above Forecast Malaysia’s economy grows 5.6% above forecast in the first quarter of this year, thanks to expansions in private consumption and investments. Economists had predicted a 4.8% growth for annual gross domestic product from January to March. The robust domestic demand will continue to drive Economic…
Global Trust Index Reveals High Confidence in Malaysia Edelman released its annual Global Trust Index and Malaysia is still in the top 10. Over 28 countries were surveyed and Malaysia’s trust score dropped by 3 points, averaging at 62 points. This puts the country in the 9th spot out of 10 on the Global Trust Index.…
Singapore and Malaysia Expanding Cross-Border Financial Integration With QR Code Payment Linkage The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between Singapore and Malaysia. This innovative system allows customers of participating financial institutions to conveniently make retail payments by scanning NETS QR and DuitNow…
Malaysia’s Central Bank Maintains Growth Forecast as the Economy Thrives Since the pandemic, the world economy has struggled to stay on its knees. Recent events such as the ongoing conflict, supply chain disruptions, and inflation have also been warning signs that countries must be very diligent to maintain their monetary well-being. Despite this, Malaysia’s financial…
Malaysia Middle-Income Tax Lowered, Boosting Economic Growth and Providing Relief for Taxpayers Every income earner in Malaysia needs to pay income tax. But with the rising inflation, Malaysians of a lower and middle-class income group have been affected the most. The recent revised Budget 2023 has decided for Malaysia’s middle income tax lowered by…
