A woman who filmed herself arguing with the police after she verbally abused a hospital staff member was sentenced to five weeks and five days’ jail and fined S$600 on Wednesday.
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd has reiterated its forecast that Malaysia’s gross domestic product will grow 4.2 per cent in 2023 before picking up to 4.7 per cent next year following the narrower contraction in the leading index recorded in August 2023.
Data released by the Department of Statistics Malaysia yesterday showed the contraction of the LI, a tool utilised for predicting economic trends four to six months ahead, narrowed by 0.5 per cent to 109.7 points in August 2023 from a decline of 1 per cent in July 2023. MIDF Research said in a note today that it viewed the improvement in the LI as signalling better growth momentum in the coming months, although the continued decline indicated that the momentum would remain moderate.
On the coincident index which rose 2.1 per cent year-on-year in August 2023, the research house said the sustained expansion in CI indicated that the current economic growth remained supported mainly by increases in domestic economic activities. "We believe the LI will show further improvement and the CI will continue to grow in the coming months, as we foresee sequential growth momentum will gradually improve on the back of recovering external trade and sustained expansion in domestic demand," it said. - Bernama
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MIDF keeps Malaysia 2023 GDP forecast at 4.2pc as LI signals better growth momentumKUALA LUMPUR, Oct 26 — MIDF Amanah Investment Bank Bhd (MIDF Research) has reiterated its forecast that Malaysia’s gross domestic product (GDP) will grow 4.2 per cent in 2023...
Read more »
2023 G07 BMW X7 LCI facelift in Malaysia – 48V mild-hybrid, xDrive40i Pure Excellence, CKD, RM655kBMW Malaysia has announced the debut of the G07 BMW X7 facelift. The automaker’s largest Sports Activity Vehicle (SAV), first introduced in 2018 and updated last year, and now arrives in Malaysia as a locally-assembled …
Read more »
Triple Miss Malaysia Tourism 2023 crowns in one nightMISS Malaysia Tourism Pageant 2023 has recently concluded its competition, crowning three winners in a single evening. The National Final Coronation N...
Read more »
University of Nottingham Malaysia launches Future Students Centre to boost Malaysia’s appeal to international studentsA woman who filmed herself arguing with the police after she verbally abused a hospital staff member was sentenced to five weeks and five days’ jail and fined S$600 on Wednesday.
Read more »
The Mediatek Dimensity 9300 processor will arrive on 6 November 2023 - Malaysia releases coming soon?After weeks and months of speculation, we finally have the official release date for the Dimensity 9300 SoC. The anticipated processor will arrive in
Read more »
Semiconductor, E&E will spur export recovery in Q4 2023MIDF Research foresees sanguine outlook for the industry amid NIMP 2030 strategies.
Read more »