Stay updated with breaking news from Negara. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
PETALING JAYA: Economic experts remain cautious about Malaysia’s gross domestic product (GDP) growth prospects for the subsequent quarters of 2023, in spite of the better-than-expected showing for the first three months (1Q23) that saw the country post a 5.6% expansion rate.
It is a busy week ahead on Malaysia’s economic calendar. Amid the ongoing recovery from the impact of the Covid-19 pandemic, market participants will be keeping an eye on Malaysia’s gross domestic product (GDP) data for the first quarter of 2023, due on Friday. The median of economists’ estimates in a Bloomberg survey was for growth of between 4.5% and 5.1% in 1Q from a year earlier.
This will enable users in both countries to make instant retail payments.
BANK Negara’s third Monetary Policy Committee meeting will take place tomorrow, with economists expecting the central bank to maintain the overnight policy rate (OPR) at 2.75%.
Bali Identifies Outbreak of 38 Cases of Meningitis, Linking 5 Deaths to the Disease.