Economists expect year-on-year gross domestic product (GDP) growth of Malaysia would be moderate, at between 5.2% - 5.7% in the first quarter of 2023, against 7% in the last quarter of 2022, on the absence of the base effect.
A view of Kuala Lumpur, Malaysia - Illustrative image (Photo: //www.theedgemarkets.com/)
Kuala Lumpur (VNA) - Economists expect year-on-year gross domestic product (GDP) growth of Malaysia would be moderate, at between 5.2% - 5.7% in the first quarter of 2023, against 7% in the last quarter of 2022, on the absence of the base effect.
Hong Leong Investment Bank (HLIB) projected the GDP growth in the first quarter of 2023 at 5.2%, following the slower industrial production index (IPI) recorded during the reviewed period.
🎐 According to analysts Felicia Ling and Nurul Athira Salith, private consumption is expected to remain as the key driver of growth. They maintained their 2023 GDP growth forecast at 4% year-on-year.
They said that Malaysia’s pace of economic expansion is expected to continue moderating in the coming time, taking into account the absence of the base effect and pent-up demand.
Tighter global credit conditions, weaker global growth and inflationary pressures also continue to pose significant headwinds to trade activity and growth, they added.
Meanwhile, Maybank Investment Bank Bhd also predicted the Southeast Asian nation’s year-on-year GDP growth to have eased to 5.7% in the first quarter this year, projecting a 4% growth in 2023 against 8.7% last year.
ಌ The bank’s chief economist Suhaimi Ilias stressed that the downward trend in GDP growth is likely to persist into the second quarter of 2023./.
Malaysia had the fifth-highest increase in gold reserves in the last decade, increasing 6.84% to 38.88 tonness from 36.39 tonnes, according to City Index using data from 2013 to 2022 of the World Gold Council.
Malaysia can continue to bank on its strong bilateral trade and investment linkages, especially within ASEAN, to boost its trade as well as take advantage of various trade pacts such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a Malaysian scholar.
Malaysia is targeting to push the renewable energy (RE) capacity in its national electricity supply to 70% by 2050 to create new economic opportunities for the nation and attract multinationals, according to the country's Minister of Economy Rafizi Ramli.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
A view of Kuala Lumpur, Malaysia - Illustrative image (Photo: //www.theedgemarkets.com/) 
