Resilient domestic demand and ongoing investment activity are expected to help the Malaysian economy to grow 4.5-5.5% this year.

Malaysia's GDP expanded by 5.9% year-on-year in the second quarter of 2024, surpassing the estimates, the Malaysian government and the Bank Negara Malaysia (BNM) have reported.

An official of Malaysia’s central bank expected the country's ringgit to trade higher on the back on positive economic prospects.

The clarity of policies including for the Madani economy framework that anchor the comprehensive restructuring of the Malaysian economy, the National Energy Transition Roadmap (NETR), and the New Industrial Master Plan 2030 (NIMP 2030) can help in attracting investments and strengthening the value of the ringgit (MYR), Prime Minister Anwar Ibrahim said at the Dewan Rakyat (lower house) on October 10.

Malaysia’s Madani Economy policy plan requires determination and implementation to free the country from the middle-income trap and head towards a high-income country, said Bank Negara Malaysia (BNM).

Malaysia's gross domestic product (GDP) grew by 2.9% year-on-year in the second quarter of this year, mostly thanks to improving labour market, continued increase in domestic demand and higher tourism activities, said Governor of the Bank Negara Malaysia Datuk Shaik Abdul Rasheed Abdul Ghaffour.

The Bank Negara Malaysia (BNM) saw its international reserves rising to 115.5 billion USD as of March 31, from 114 billion USD posted on March 15.

The Malaysian government remains committed to implementing policies that can bolster the nation’s economic growth and competitiveness to attract funds that will strengthen the international reserves and the ringgit.

Bank Negara Malaysia (BNM) has continued to hike the overnight policy rate (OPR), by 25 basis points to 2.75%.

The Malaysian finance minister has said a flexible ringgit exchange rate is important to absorbing external shocks to support domestic economic activity.

The Malaysian economy posts a stronger growth of 8.9% in the second quarter of 2022 compared to a 5-percent expansion in the first quarter.

Malaysia's economy is on a recovery path, but ongoing inflation is inflicting hardship on certain segments, including low-income households who have been disproportionately affected by rising price pressures, said Bank Negara Malaysia (BNM).

Bank Negara Malaysia (BNM) on February 4 forecast that the Malaysian economy will expand between 5.5 percent and 6.5 percent this year, underpinned by continued expansion in global demand and higher expenditure in private sector.

The Monetary Authority of Singapore (MAS) and the Bank Negara Malaysia (BNM) plan to begin a phased linkage of Malaysia’s DuitNow and Singapore’s PayNow real-time payment systems in late 2022.

The Malaysian government will decide whether to revise its growth target of between 6 percent and 7.5 percent this year based on the gross domestic product (GDP) performance for the second quarter, as the economy is seeing signs of recovery, said an official.

Malaysian Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on June 10 that the Government will do its best to curb the COVID-19 pandemic and ensure that economic recovery will continue, starting from the second half of this year.

Malaysia’s international reserves stood at 104.98 billion USD and remained usable by the end of September, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

Malaysia's central bank on July 7 reduced its interest rates to a record low to fight the impact of the COVID-19 pandemic, and warned that the pace of economic recovery was uncertain.

The Bank Negara Malaysia (BNM) said on April 3 that Malaysia’s economic growth could shrink as much as minus 2 percent to 0.5 percent this year as a result of COVID-19 pandemic.

After the Malaysian central bank (BNM)’s second overnight policy rate (OPR) cut on March 3, economists said that it will decide to shave off the key rate again and the cut will happen as early as May.