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Malaysia GDP Growth Rises More Than Estimated

Malaysia GDP Growth Rises More Than Estimated

Malaysia's economic growth accelerated more than initially estimated in the second quarter on household consumption and investment. Gross domestic product registered an annual growth of 5.9 percent in the second quarter after rising 4.2 percent in the previous quarter, revised estimate from the Department of Statistics showed on Friday.
RTTNews | 63 dagar sedan
Malaysia Economy Expands At Fastest Pace Since Late 2022

Malaysia Economy Expands At Fastest Pace Since Late 2022

Malaysia's economy posted its fastest growth in six quarters with strong support from services and manufacturing sectors, official data revealed Friday. Gross domestic product registered an annual growth of 5.8 percent in the second quarter after rising 4.2 percent in the previous quarter, advance estimate from the Department of Statistics revealed on Friday.
RTTNews | 91 dagar sedan
Malaysia Keeps Key Interest Rate Unchanged As Expected

Malaysia Keeps Key Interest Rate Unchanged As Expected

Malaysia's central bank left its benchmark interest rate unchanged again on Thursday and forecast acceleration in inflation in the second half of the year after the unwinding of fuel subsidies. The Monetary Policy Committee of Bank Negara Malaysia headed by Datuk Abdul Rasheed Ghaffour decided to maintain the Overnight Policy Rate at 3.00 percent.
RTTNews | 99 dagar sedan
Malaysia GDP Growth Rebounds More Than Estimated

Malaysia GDP Growth Rebounds More Than Estimated

Malaysia's economy logged a stronger-than-estimated rebound in the first quarter on household spending and investment, the second estimate from the Department of Statistics showed on Friday. Gross domestic product grew by a revised 4.2 percent on a yearly basis in the first quarter, the fastest expansion since the first quarter of 2023.
RTTNews | 154 dagar sedan