KUALA LUMPUR, Aug 13 Malaysia’s second quarter (Q2 2021) gross domestic product (GDP) rose by 16.1 per cent year-on-year after previously shrinking for four consecutive quarters, the Department of Statistics Malaysia (DoSM) announced today. Chief Statistician Datuk Seri Mohd Uzir Mahidin said.
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KUALA LUMPUR, Aug 12 The government should consider reopening the retail industry for those who have been fully vaccinated against Covid-19, said the Malaysia Retail Chain Association (MRCA). It said the reopening needed to take place immediately with a strict adherence to standard operating.
MALAYSIA’S Industrial Production Index (IPI) could rise to 3.2% in 2021 although it may be at a slower pace due to Covid-19 and Movement Control Order (MCO) impact.Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said subsebquent restrictions on human mobility and strict adherence of standard operating procedures would cap the expansion in IPI this year.“We believe the IPI would be propelled by the manufacturing sector especially the electrical and electronics (E&E) as the technology sector is expected to see good demand from smart devices, automotive industries and the new normal narratives which will require heavy usage of data and related devices.