Malaysia

2024 - 1 - 19

Malaysia's Economic Outlook: Growth, Challenges, and Opportunities

Economic Growth - Global Market - Malaysia - Trade

Discover the latest insights into Malaysia's economic growth, trade prospects, and future strategies. Read on to learn more about Malaysia's position in the global market.

Malaysia's economy is under the spotlight as it navigates through challenges and seeks new opportunities. With recent estimates showing a slower-than-expected growth rate in 2023, particularly due to lower exports, Malaysia is focusing on strategies to boost its economic performance. The country's gross domestic product (GDP) growth is projected to have expanded by 3.4% in the last quarter of the year, signaling the need for innovative approaches to enhance growth prospects.

One key area of interest is Malaysia's trade outlook, with projections indicating a potential rebound in exports by 4.3% in the coming year. RHB Investment Bank Bhd remains positive about Malaysia's trade prospects for 2024, highlighting the potential for increased export activity. Additionally, Malaysia is well-positioned to capitalize on global economic shifts, according to insights from HSBC Bank. The country stands to benefit significantly from emerging opportunities in the evolving economic landscape.

Looking ahead, Malaysia's GDP growth is expected to accelerate, with RHB Investment Bank projecting a growth rate of 4.6% in 2024. This positive outlook sets the stage for Malaysia to pursue strategic initiatives that drive economic progress and sustainability. Despite challenges, Malaysia remains resilient and continues to explore avenues for growth and development in alignment with its long-term economic goals.

In summary, Malaysia's economic trajectory reflects a mix of challenges and opportunities. As the country aims to overcome obstacles and leverage its strengths, the focus remains on stimulating growth, expanding trade horizons, and embracing the shifting global economic dynamics.

Post cover — Image courtesy of "Financial Times"

Asians woo Tesla, Taiwan's Kinsus mulls Malaysia substrate play (Financial Times)

Simply sign up to the Technology myFT Digest -- delivered directly to your inbox. Hello everyone, this is Akito in Singapore with this week's #techAsia. The ...

Malaysia Airlines seeks code-share pact | Mint (Livemint)

Malaysia Airlines is seeking a partnership with an Indian carrier to increase its presence in the Indian aviation market, with the airline ready to work ...

Malaysia Tigress suffer fourth straight loss (New Straits Times Online)

KUALA LUMPUR: Malaysia Tigress lost their fourth consecutive match at the Valencia Olympic Qualifier when they were beaten 3-0 by South Korea in a 5th-8th ...

Malaysia Aviation Group Chief Joins Routes Asia Conference ... (Aviation Week)

Malaysia Aviation Group Managing Director Datuk Captain Izham bin Ismail has joined the Routes Asia 2024 conference programme as a keynote speaker.

Malaysia earns RM27.16b from rubber exports in 2023, says MRC (Malay Mail)

KUALA LUMPUR, Jan 18 — Malaysia has earned RM27.16 billion from rubber exports in 2023, with 70 per cent, or RM19.04 billion coming from rubber gloves, ...

Kim Heng expands footprint in Malaysia with new offshore JV (Splash 247)

Singapore offshore vessel operator and marine engineering services provider Kim Heng has formed a new joint venture in Malaysia.

Malaysia earns RM27.2bil from rubber exports in 2023 (Free Malaysia Today)

The top two export destinations are the US and EU, says the Malaysian Rubber Council.

CHiQ Electric (Malaysia) and TPA Host 2024 Spring Dealer ... (Yahoo Finance)

On January 15, 2024, CHiQ Electric (Malaysia) SDN BHD, in collaboration with its exclusive distributor for the region, TP AUDIO SDN BHD (TPA), convened the ...

Rail link with eastern Malaysia studied (Bangkok Post)

Thailand and Malaysia are considering a railway connection between Sungai Kolok and the east coast of Malaysia to promote trade and tourism.

Malaysia's top electronics chain pivots to online growth strategy (Nikkei Asia)

KUALA LUMPUR -- Malaysia's largest electronics chain, Senheng New Retail, plans to stop opening new brick-and-mortar stores from 2026, according to it.

Malaysia's economic growth misses estimate as China weighs (The Straits Times)

A slowdown in construction and stagnant manufacturing activity weighed on the economy. Read more at straitstimes.com.

Malaysia's economy likely grew 3.4% y/y in Q4 - govt (Reuters)

The department began releasing preliminary estimates on quarterly economic performance in October last year, citing demand for more timely statistics and to ...

Malaysia's Economy Slowed Sharply in 2023, Advance Estimates ... (The Wall Street Journal)

The country's gross domestic product rose 3.4% in the final three months of 2023, undershooting economists' expectations.

Malaysia's Economy Expands 3.4% Last Quarter, Missing Estimate ... (BNN)

(Bloomberg) -- Malaysia's economy grew at a slower-than-estimated pace in the fourth quarter, signaling that a firmer recovery is taking longer than ...

Malaysia central bank likely to keep rates untouched until at least 2026 (CNA)

BENGALURU : Bank Negara Malaysia (BNM) will leave its overnight policy rate (OPR) unchanged at 3.00 per cent on Jan. 24 and hold it there until at least ...

Malaysia's economic growth at 3.4% in 4Q23 - DoSM (The Star Online)

KUALA LUMPUR: Malaysia's economy is estimated to grow by 3.4 per cent in the fourth quarter of 2023 (4Q 2023), as compared to 3.3 per cent in the previous ...

Malaysia's economic growth misses estimate as China weighs (The Business Times)

MALAYSIA'S economy grew at a slower-than-estimated pace in the fourth quarter as exports to China fell, signalling that a firmer recovery is taking longer ...

Malaysia central bank likely to keep rates untouched until at least 2026 (The Business Times)

BANK Negara Malaysia (BNM) will leave its overnight policy rate (OPR) unchanged at 3.00 per cent on Wednesday (Jan 24) and hold it there until at least 2026 ...

Malaysia's economy likely grew 3.4% y/y in Q4 - govt (CNA)

(Clarifies headline to show economy grew)KUALA LUMPUR : Malaysia's economy likely grew 3.4 per cent year-on-year in the fourth quarter of 2023, ...

Malaysia's 2023 GDP growth lower than expected | World ... (http://en.vietnamplus.vn/)

Malaysia's economy grew at a slower-than-estimated pace in the fourth quarter of 2023, as exports to China fell, signaling that a firmer recovery is taking ...

Malaysia's economy likely expanded in Q4 but outlook cloudy (CNA)

KUALA LUMPUR: Malaysia's economy in the fourth quarter of 2023 likely expanded 3.4 per cent from a year earlier, marginally faster than the previous ...

Malaysian economy expected to expand 3.8% in 2023, missing forecast due to weak exports (The Business Times)

[KUALA LUMPUR] Malaysia's economic growth in 2023 is expected to have expanded at a slower-than-expected pace due to lower exports. The country's gross domestic product (GDP) growth is projected to have grown by 3.4 per cent in the fourth quarter last ...

Estimates put Malaysia's economic expansion at 3.8% in 2023, missing forecast due to weak exports (The Business Times)

[KUALA LUMPUR] Malaysia's economic growth in 2023 is estimated to have expanded at a slower-than-expected pace due to lower exports. The country's gross domestic product (GDP) is projected to have grown by 3.4 per cent in the fourth quarter last year, ...