ILEA001286902: Malaysia's economy expands 5.6 pct in Q1 on steady domestic demand

China's booming foreign trade benefits other countries: experts

STORY: China's booming foreign trade benefits other countries: experts SHOOTING TIME: Recent footage DATELINE: April 12, 2024 LENGTH: 00:02:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of container terminals 2. various of street views in China 3. SOUNDBITE 1 (English): STEPHEN NDEGWA, Lecturer in international relations at the Nairobi-based United States International University-Africa 4. SOUNDBITE 2 (English): CHARLES ONUNAIJU, Director of Center for China Studies, Nigeria 5. SOUNDBITE 3 (English): BENJAMIN MGANA, Chief editor of Foreign News of The Guardian, Tanzania STORYLINE: China's total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter of 2024, setting new records in both scale and growth rate, official data showed Friday. From January to March, the country's foreign trade in goods stood at 10.17 trillion yuan (about 1.43 trillion U.S. dollars), according to the General Administration of Customs (GAC). Historically, for the first time, the

Australia's economic growth slows to 0.2 pct in Q3

STORY: Australia's economic growth slows to 0.2 pct in Q3 SHOOTING TIME: Dec. 6, 2023 DATELINE: Dec. 7, 2023 LENGTH: 0:00:41 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Australia 2. various of market, park, bank and train station in Australia STORYLINE: Australia's economic growth slowed to 0.2 percent in the third quarter of 2023. According to the Australian Bureau of Statistics on Wednesday, Australia's gross domestic product (GDP) rose 0.2 percent in the third quarter. It marked the eighth straight quarter of economic growth but a fall from 0.4 percent growth in the three months to the end of June. The Australian Associated Press reported that economists had projected economic growth of 0.5 percent in the September quarter. In the 12 months to the end of September, Australia's GDP grew 2.1 percent, the data showed. Responding to the data, Treasurer Jim Chalmers said in a statement that the economic slowdown was an inevitable consequence of higher inter

Italy's economic growth to slow to 0.7 pct in 2024: OECD

STORY: Italy's economic growth to slow to 0.7 pct in 2024: OECD SHOOTING TIME: Nov. 29, 2023 DATELINE: Dec. 1, 2023 LENGTH: 00:00:48 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Rome STORYLINE: The Organization for Economic Cooperation and Development (OECD) forecast Wednesday that Italy's economy will grow by 0.7 percent this year and next, before expanding by 1.2 percent in 2025. OECD's estimate for this year was in line with the prediction of both the Bank of Italy and Italy's National Institute of Statistics (ISTAT). However, in its latest report, the Bank of Italy forecast the economy would grow 0.8 percent next year, and 1 percent in 2025. Meanwhile, ISTAT said a month ago that the economy could see its growth rate slow to 0.6 percent next year. ISTAT data shows Italy's economy has failed to grow in three of the last four economic quarters. According to the most recent data, the third quarter of this year saw flat growth compared to the previous quarter. We

China's economic growth defies Western naysayers

STORY: China's economic growth defies Western naysayers DATELINE: Sept. 20, 2023 LENGTH: 00:03:19 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street views in China 2. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China 3. various of street views in China 4. SOUNDBITE 2 (English): BENOIT BAZIN, CEO of Saint-Gobain Group 5. SOUNDBITE 3 (English): WALTER BENZ, President of Big Dutchman China 6. various of industries in China 7. SOUNDBITE 4 (English): NIREN ANAND, Indian businessman 8. SOUNDBITE 5 (English): CARL FEY, Professor, BI Norwegian Business School STORYLINE: Data from the National Bureau of Statistics showed Friday that China's retail sales of consumer goods, a major indicator of consumption strength, went up 4.6 percent year on year in August, 2.1 percentage points faster than the previous month. When some in the West once again bad-mouthed China's economy, international observers say otherwise. Seeing the rosy picture of the country's

India sees GDP growth of 7.8 pct in Q2

STORY: India sees GDP growth of 7.8 pct in Q2 DATELINE: Sept. 2, 2023 LENGTH: 00:01:27 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of wholesale market area 4. various of gas station 5. various of traffic STORYLINE: India's gross domestic product (GDP) during the April-June quarter grew by 7.8 percent, according to the data released by the country's Ministry of Statistics and Program Implementation on Thursday. It was higher than the 6.1-percent GDP growth rate registered during the January-March quarter, but much lower than the 13.1-percent rate recorded in the April-June quarter of the previous year. The figures released on Thursday echoed the country's Finance Minister Nirmala Sitharaman's opinion on the Indian economy's growth. "Till after the new year, you would have enough reasons to believe that the demand situation is going to only go up. So, I expect the next quarter will also do well," the minister was earlier quoted as saying by

Russia raises key interest rate to 12 pct, citing inflation

STORY: Russia raises key interest rate to 12 pct, citing inflation DATELINE: Aug. 16, 2023 LENGTH: 00:01:36 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Russia in Moscow 2. various of Moscow city 3. various of a money exchange bureau in Moscow 4. various of Moscow city STORYLINE: Russia's Central Bank has decided to raise the key interest rate by 350 basis points to 12 percent, it said in a statement Tuesday. During an emergency meeting, the bank announced the rate increase and said the decision was "aimed at limiting price stability risks" amid inflation pressure. "As of Aug. 7, the annual rate of inflation rose to 4.4 percent while current price growth rates continue to increase," the bank said in a statement. According to the bank, steady growth in domestic demand has surpassed the capacity to expand production, increasing inflationary pressure and influencing the ruble's exchange rate dynamics through elevated demand for imports. "Consequently, the pass-through of

Malaysia's wholesale, retail trade grows 6.6 pct in May

STORY: Malaysia's wholesale, retail trade grows 6.6 pct in May DATELINE: July 14, 2023 LENGTH: 00:02:47 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur City view 2. various of customers spending at retails and exhibitions 3. various of crowds on streets and shopping at a mall 4. various of foods and customers doing their grocery shopping at a supermarket STORYLINE: Malaysia's wholesale and retail trade recorded monthly sales value of 138 billion ringgit (29.68 billion U.S. dollars) in May, up 6.6 percent year-on-year, official data showed Wednesday. The Department of Statistics of Malaysia (DOSM) said in a statement that the growth was attributed to the motor vehicles sub-sector, which surged 22 percent to 17 billion ringgit. Meanwhile, retail trade expanded 5 percent to 58.8 billion ringgit and wholesale trade increased 4.4 percent to 62.2 billion ringgit. For month-on-month comparison, sales value of wholesale and retail trade rebounded 1.5 pe

Malaysia's manufacturing sales rise 3.3 pct in May

STORY: Malaysia's manufacturing sales rise 3.3 pct in May DATELINE: July 13, 2023 LENGTH: 00:02:51 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur Twin Towers 2. various of workshops and factories 4. various of container vessels at Port Klang, Selangor STORYLINE: Malaysia's manufacturing sales value returned to a positive growth of 3.3 percent in May, after recording a decline of 2 percent in the preceding month, official data showed on Wednesday. The Department of Statistics of Malaysia (DOSM) said in a statement that the sector's sales value reached 146.8 billion ringgit (31.58 billion U.S. dollars) in May. The expansion was bolstered by a strong 17.3-percent growth registered in transport equipment and other manufactures coupled with the continuously increasing trend in non-metallic mineral products, basic metal and fabricated metal products (8.7 percent); and electrical and electronics products (8.2 percent). On month-on-month comparison, th

Malaysia to see stable consumer growth across H2 and 2024: research house

STORY: Malaysia to see stable consumer growth across H2 and 2024: research house DATELINE: July 13, 2023 LENGTH: 00:01:30 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur Twin Towers 2. various of crowds at an exhibition hall 3. various of crowds doing their grocery shopping at a supermarket 4. various of customers paying at the counter STORYLINE: BMI, a unit of Fitch Solutions, said Wednesday that it holds a positive outlook for consumer spending in Malaysia over the rest of 2023, as the economic recovery feeds into strong real consumer spending growth over the full year. The research house said in a note that it expects the Southeast Asian country's household spending to grow 5 percent in 2023. It opined that easing inflation will feed into the consumer spending outlook over the second half of this year. It noted that real household spending in 2023 will improve to 866.6 billion ringgit (186.29 billion U.S. dollars), beyond pre-pandemic levels

Malaysia's unemployment rate stands at 3.5 pct in May

STORY: Malaysia's unemployment rate stands at 3.5 pct in May DATELINE: July 12, 2023 LENGTH: 00:01:37 LOCATION: Kuala Lumpur CATEGORY: SOCIETY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur city landscape 2. various of Kuala Lumpur City Center street views 3. various of crowds on the street STORYLINE: Malaysia saw its number of unemployed people decline further to 584,600 in May from 586,900 in April, recording an unemployment rate of 3.5 percent, official data showed Monday. The Department of Statistics Malaysia (DOSM) said in a statement that the labor market is seen to continue a momentum of steady growth. According to the DOSM, the number of employed persons in May increased steadily, up 0.2 percent month on month to reach 16.28 million, with the labor force continuing an upward trend. The labor force participation rate remained at 70 percent in May as in the previous month in the Southeast Asian country. The DOSM said it believed the labor market would face difficulties as the M

Malaysia's economy expands 5.6 pct in Q1 on steady domestic demand

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