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 witnesses more domestic visitors in Q1

STORY: Malaysia witnesses more domestic visitors in Q1 DATELINE: June 28, 2023 LENGTH: 00:02:54 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of tourists at the Porta De Santiago in Malacca 2. various of tourists visiting the Stadthuys in the heart of Malacca City 3. various of the Malacca River and tourists enjoying a cruise ride in Malacca 4. various of Pulau Lang Tengah, Terengganu 5. various of Langkawi, Kedah STORYLINE: The number of Malaysia's domestic tourists rose 33.7 percent year-on-year to 48.6 million in the first quarter of 2023, official data showed Monday. The Department of Statistics Malaysia (DOSM) said in a statement that for quarter-on-quarter comparison, the number of domestic visitors increased by 3.9 percent as compared to the fourth quarter of 2022. Meanwhile, domestic tourism expenditure for the first quarter stood at 19.2 billion ringgit (4.1 billion U.S. dollars), jumped 47 percent year-on-year, and rose 4.6 percent quarter-on-quarter. DOSM data also showed that

Malaysian ringgit foreseen to average MYR 4.26 against USD this year

STORY: Malaysian ringgit foreseen to average MYR 4.26 against USD this year DATELINE: June 14, 2023 LENGTH: 00:02:09 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur street views 2. various of bank notes counting 3. various of customers shopping at a supermarket 4. various of people shopping STORYLINE: The Malaysian Industrial Development Finance (MIDF) Research has revised its foreign exchange outlook for Malaysian ringgit (MYR) to average at MYR 4.26 against U.S. dollar this year, from a previous forecast of MYR 4.20. The research house said on Monday in a note that although this points to a slower appreciation than previously forecasted, it will still be stronger than an average MYR 4.40 recorded last year. Taking into account U.S. Federal Reserve (Fed) pausing rate hikes later this year and no rate cuts despite the United States experiencing below-trend growth, it foresees fund flows to return to emerging markets. Despite the robust

Analysts say CPO prices to remain volatile on market, weather uncertainties

STORY: Analysts say CPO prices to remain volatile on market, weather uncertainties DATELINE: June 14, 2023 LENGTH: 00:02:34 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of the palm plantation area 2. various of palm trees and fruits on the tree 3. various of a backhoe loader gathering palm fruits 4. various of palm oil factory 5. various of trucks carrying a bunch of palm fruits and oil trucks on the road STORYLINE: Analysts on Tuesday expected crude palm oil (CPO) prices to remain volatile due to the market and weather uncertainties that could impact crop production and prices. Affin Hwang Investment Bank said in a note that it made no changes to its CPO average selling price assumptions of 3,800 ringgit (823 U.S. dollars) to 4,000 ringgit per ton for 2023 amid the volatility. Besides, it said that the expectation of favorable crop prospects in the United States and Canada, cautious buying due to global recessionary fears and spill-over weakness from declining energy prices, have

Malaysia's manufacturing sales value falls 2 pct in April

STORY: Malaysia's manufacturing sales value falls 2 pct in April DATELINE: June 12, 2023 LENGTH: 00:02:15 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur street views 2. various of Kuantan Port 3. various of new cars at the car yard and trucks passing by 4. various of rubber glove manufacturing 5. various of green paddy field STORYLINE: The sales value of the manufacturing sector in Malaysia declined by 2 percent to 145 billion ringgit (31.44 billion U.S. dollars) in April, after registering a positive growth of 8 percent in March, the lowest since May 2020, official data showed Friday. The Department of Statistics Malaysia (DOSM) said in a statement that the fall came largely as a result of the bad performance in the sub-sectors of food, beverages and tobacco (-12.7 percent), transport equipment and other manufactures (-4.9 percent), and petroleum, chemical, rubber and plastics (-3.1 percent). In comparison with the previous month, the sal

Malaysia's FDI up marginally in Q1

STORY: Malaysia's FDI up marginally in Q1 DATELINE: May 13, 2023 LENGTH: 00:01:26 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. Various of Kuala Lumpur city views 2. Various of crowds at a shopping mall 3. Various of crowds on the street STORYLINE: Malaysia's foreign direct investment (FDI) increased by 1.6 percent, reaching a record 893.2 billion ringgit (about 200.18 billion U.S. dollars) at the end of the first quarter of 2023, as compared to the fourth quarter of 2022, official data showed Friday. The Department of Statistics Malaysia (DOSM) said in a statement the manufacturing sector remained the largest recipient of the FDI with a value of 385.3 billion ringgit (about 86.35 billion U.S. dollars) or 43.1 percent of the total FDI. This was followed by financial activities and wholesale & retail trade. According to the DOSM, the country's FDI inflows were largely from Singapore, the United States and China's Hong Kong Special Administrative Region. Xinhua News Agency correspondents reportin

Malaysia's property transactions value rises to 40 bln USD last year

STORY: Malaysia's property transactions value rises to 40 bln USD last year DATELINE: March 16, 2023 LENGTH: 00:04:04 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of buildings in Malaysia 2. various of construction workers working at the site STORYLINE: Malaysia's property transactions value rose 23.6 percent year-on-year to 179.07 billion ringgit (40 billion U.S. dollars) in 2022, the National Property Information Center (NAPIC) said on Wednesday. According to NAPIC, more than 389,000 property transactions were recorded last year, up 29.5 percent year-on-year. The residential sub-sector led the overall property market activity, with a 62.5 percent contribution in volume. There were 243,190 transactions worth 94.28 billion ringgit recorded in the review period, increasing by 22.3 percent in volume and 22.6 percent in value year-on-year. The commercial property segment recorded 32,809 transactions worth 32.61 billion ringgit in 2022, increasing by 46.3 percent in volume and 16.7 percent

Petronas FY22 profit surges to record high on higher oil prices

STORY: Petronas FY22 profit surges to record high on higher oil prices DATELINE: March 15, 2023 LENGTH: 00:02:00 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of KLCC Twin Towers, also known as Petronas Twin Towers 2. various of Petronas logo at its office tower 3. various of crowds filling up petrol at Petronas oil station STORYLINE: Malaysia's state-owned oil and gas firm Petroliam Nasional Bhd (Petronas) has said that it posted a record high profit after tax in the financial year ending on Dec. 31, 2022 (FY22), underpinned by higher oil prices. Petronas said that the group's profit after tax for FY22 almost doubled to 101.6 billion ringgit (about 22.35 billion U.S. dollars) from 50.9 billion ringgit a year ago. The group's revenue for the year also surged 51.33 percent to 375.3 billion ringgit (about 83.94 billion U.S. dollars) from 248 billion ringgit a year ago, mainly due to the favorable price impact for major products aligned with higher benchmark prices. The group's capital inve

Malaysia's wholesale, retail sales up 12.4 pct in Jan.

STORY: Malaysia's wholesale, retail sales up 12.4 pct in Jan. DATELINE: March 15, 2023 LENGTH: 0:02:16 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of streets in Kuala Lumpur 2. various of 4S store 3. various of supermarkets STORYLINE: Malaysia's wholesale and retail sales grew 12.4 percent year on year to 135.1 billion ringgit (30.1 billion U.S. dollars) in January, official data showed Monday. The Department of Statistics Malaysia (DOSM) said in a statement that the growth was attributed to the retail trade sub-sector, which recorded an increase of 21.7 percent to 59.6 billion ringgit (13.3 billion U.S. dollars). Meanwhile, the sales of motor vehicles expanded 20.1 percent to 15.2 billion ringgit (3.39 billion U.S. dollars). Wholesale trade, on the other hand, went up 3.1 percent to 60.4 billion ringgit (13.49 billion U.S. dollars). However, for month-on-month comparison, the data showed the sales value of wholesale and retail trade declined by 1.6 percent, as the motor vehicle

Malaysia unveils budget aimed at domestic challenges

STORY: Malaysia unveils budget aimed at domestic challenges DATELINE: Feb. 25, 2023 LENGTH: 00:03:06 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of the parliament house in Kuala Lumpur 2. various of the arrival of Malaysian Prime Minister Anwar Ibrahim 3. various of the arrival of members of the lower house of parliament 4. various of Prime Minister Anwar Ibrahim proposing the budget plan 5. various of members of the lower house of parliament leaving the hall 6. various of Prime Minister Anwar Ibrahim leaving the hall STORYLINE: The Malaysian government on Friday proposed a 388.1-billion-ringgit (87.5 billion U.S. dollars) national budget aimed at helping the country resolve a number of domestic issues. Malaysian Prime Minister Anwar Ibrahim, who is also the finance minister, said the budget will focus on addressing the high cost of living, further strengthening the social safety net and enhancing the micro, small and medium enterprises' ecosystem under the guidance of six core values, n

Analysts expect Malaysia's CPO prices to ease in 2023

STORY: Analysts expect Malaysia's CPO prices to ease in 2023 DATELINE: Feb. 14, 2023 LENGTH: 00:01:35 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of palm trees plantation area 2. various of backhoe loader gathering palm fruits 3. various of palm fruits 4. various of trucks carrying bunch of palm fruits on the road STORYLINE: Crude palm oil (CPO) prices in Malaysia are projected to ease in 2023 on stocks normalization, analysts foresaw on Monday. MIDF Research said in a note that it expects Malaysian local delivery prices for CPO to be lower in 2023, ranging between 3,000 ringgit (687.76 U.S. dollars) and 4,000 ringgit, on the expectation of normalization closing stocks of 2 million tonnes to 2.1 million tonnes. It said the CPO price is expected to trade volatile in February to March at circa 3,500 ringgit per tonne to 4,000 ringgit per tonne, benefiting from price disparity between CPO against soybean oil price which to date amounted to 445 U.S. dollars per tonne and 3 years average of

Malaysia's wholesale, retail trade rise 19.6 pct, services revenue rises 20.3 pct in 2022

STORY: Malaysia's wholesale, retail trade rise 19.6 pct, services revenue rises 20.3 pct in 2022 DATELINE: Feb. 9, 2023 LENGTH: 00:02:35 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag with street views 2. various of customers shopping in stores 3. various of crowds 4. various of street views of Bukit Bintang, Kuala Lumpur 5. various of visuals at food court 6. various of crowds doing their grocery shopping in supermarket STORYLINE: Malaysia's wholesale and retail trade rose 19.6 percent year on year to 1.6 trillion ringgit (about 0.37 trillion U.S. dollars) in 2022, official data showed Wednesday. The Department of Statistics Malaysia (DOSM) said in a statement that the growth was underpinned by retail trade, which increased by 23.9 percent to settle at 661.1 billion ringgit. This was followed by wholesale trade which expanded 10.7 percent to 710.3 billion ringgit. As for pre-pandemic comparison, sales of wholesale and retail trade in 2022 surpassed th

Malaysia's construction sector rebounds 8.8 pct in 2022 after 2-year decline

STORY: Malaysia's construction sector rebounds 8.8 pct in 2022 after 2-year decline DATELINE: Feb. 9, 2023 LENGTH: 00:02:09 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of construction sites in Malaysia STORYLINE: Malaysia's construction sector rebounded by 8.8 percent in 2022 after a two-year fall, official data showed Wednesday. The Department of Statistics Malaysia (DOSM) said in a statement that all sub-sectors picked up during the year with a double-digit growth recorded in special trade activities (19.6 percent) and non-residential buildings (18.7 percent). In the meantime, the civil engineering and residential buildings sub-sectors turned around to positive growth of 2.7 percent and 3.4 percent, respectively. While the total value of work done in construction in 2022 amounted to 121.9 billion ringgit (28.35 billion U.S. dollars), it remained lower than the pre-pandemic period, which was 146.4 billion ringgit (34.06 billion dollars) in 2019. According to the DOSM, the value of wo

Malaysia's manufacturing sales rise 8.6 pct in December

STORY: Malaysia's manufacturing sales rise 8.6 pct in December DATELINE: Feb. 8, 2023 LENGTH: 00:01:42 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur street views 2. various of container vessels at Northport of Port Klang, Selangor 3. various of factories and trucks on the road STORYLINE: The sales value of the manufacturing sector in Malaysia expanded by 8.6 percent year-on-year in December 2022 to record 156.3 billion ringgit (36.3 billion U.S. dollars) while the overall performance reached 1.8 trillion ringgit (418.4 billion dollars) in 2022, official data showed on Tuesday. The Department of Statistics Malaysia said in a statement that the expansion of the sales value in December 2022 was reinforced by the double-digit growth in transport equipment and other manufacturing subsectors (10.9 percent), particularly in the manufacture of motor vehicles, trailers and semi-trailers industries. The growth was also attributable to the strong in

Malaysia's exports rise 25 pct in 2022

STORY: Malaysia's exports rise 25 pct in 2022 DATELINE: Jan. 19, 2023 LENGTH: 00:02:41 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur city views 2. various of Kuala Lumpur city views 3. various of container vessels at Port Klang 4. various of container vessels at Penang Port STORYLINE: Malaysia's exports rose 25 percent year on year to 1.55 trillion ringgit (358.26 billion U.S. dollars) in 2022, official data showed Wednesday. The expansion in exports was driven by robust exports of electrical and electronic products (E&E), petroleum products, liquefied natural gas (LNG), palm oil and palm oil-based agriculture products, crude petroleum as well as machinery, equipment and parts, the Ministry of International Trade and Industry (MITI) said in a statement Meanwhile, exports to major trading partners, notably the Association of Southeast Asian Nations (ASEAN), China, the United States, the European Union and Japan, registered a new record high. A

Malaysia's exports up 15.6 pct in November

STORY: Malaysia's exports up 15.6 pct in November DATELINE: Dec. 20, 2022 LENGTH: 00:02:40 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST 1. various of Malaysia's national flag and Kuala Lumpur city views 2. various of container vessels at Northport of Port Klang, Selangor 3. various of container yard at Port Klang, Selangor STORYLINE: Malaysia's exports rose by 15.6 percent year on year to 130.24 billion ringgit (29.46 billion U.S. dollars) in November, official data showed Monday. Export expansion was underpinned by strong exports of electrical and electronic (E&E) products, liquefied natural gas (LNG), petroleum products as well as crude petroleum, the Ministry of International Trade and Industry (MITI) said in a statement. According to the statement, E&E products, valued at 53.16 billion ringgit (12.03 billion U.S. dollars) and accounted for 40.8 percent of total exports, increased by 32.1 percent from November 2021. Petroleum products, valued at 12.33 billion ringgit (2.79 billion U.S. dollars)

Japanese trade minister meets Mahathir

Japanese trade minister meets Mahathir

Japanese International Trade ad Industry Minister Kaoru Yosano (R) meets with Malaysian Prime Minister Mahathir Mohamad (L)at the premier's official residence in Kuala Lumpur on Sept. 22. During talks, Mahathir said Malaysia's fixed dollar-ringgit exchange rate system is serving its purpose.

Malaysia's wholesale, retail trade sales grow 23.9 pct in September

STORY: Malaysia's wholesale, retail trade sales grow 23.9 pct in September DATELINE: Nov. 10, 2022 LENGTH: 00:01:32 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various shots of street views of Bukit Bintang, Kuala Lumpur 2. various shots of customers choosing bags in store 3. various shots of locals doing grocery shopping in a supermarket STORYLINE: Malaysia's wholesale and retail trade sales value rose 23.9 percent year-on-year to 134 billion ringgit (28.41 billion U.S. dollars) in September, official data showed Wednesday. The positive growth was contributed by all sub-sectors, namely motor vehicles which surged 51 percent, retail trade that jumped 30 percent, and wholesale trade which climbed 13.3 percent, the Department of Statistics Malaysia said in a statement. In terms of volume index, wholesale and retail trade grew 18.4 percent year-on-year to 146 points. The growth was supported by the increase in motor vehicles at 43.9 percent, retail trade at 27.1 percent, and wholesale trade at 3.

Malaysia's services revenue surges 32.3 pct in Q3

STORY: Malaysia's services revenue surges 32.3 pct in Q3 DATELINE: Nov. 10, 2022 LENGTH: 00:01:52 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of chefs preparing food 2. various of a restaurant 3. various of a supermarket 4. various of Kuala Lumpur's street view STORYLINE: Official data showed Wednesday that the total revenue of Malaysia's services sector surges 32.3 percent year on year to 517.4 billion ringgit (109.7 billion U.S. dollars) in the third quarter. According to a statement of the Department of Statistics Malaysia, the growth was contributed by wholesale and retail trade, food and beverages, and accommodation segments which soared 33.4 percent year on year to 417.8 billion ringgit (88.58 billion dollars). Meanwhile, the information and communication, and transportation and storage segments' revenue rose 23.9 percent year on year to 73.4 billion ringgit (15.56 billion dollars). Private health, private education, arts, entertainment and recreation segments, jumped 45.5 percen

Malaysia's wholesale, retail trade jumps 33.7 pct in August

STORY: Malaysia's wholesale, retail trade jumps 33.7 pct in August DATELINE: Oct. 13, 2022 LENGTH: 00:01:22 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of general views in Malaysia STORYLINE: Malaysia's wholesale and retail trade sales value surged 33.7 percent to 133.7 billion ringgit (28.56 billion U.S. dollars) in August from a year ago, official data showed on Wednesday. The positive growth was contributed by all sub-sectors, namely motor vehicles which soared 185.3 percent, retail trade that jumped 34.5 percent, and wholesale trade which climbed 16 percent, the Department of Statistics Malaysia said in a statement. In terms of volume index, wholesale and retail trade registered a 27-percent year-on-year increase to 145.6 points. The growth was supported by the increase in motor vehicles which surged 169.6 percent, retail trade that rose 30.1 percent, and wholesale trade which grew 7.4 percent. Xinhua News Agency correspondents reporting from Kuala Lumpur. (XHTV)

Malaysia's manufacturing sales grow 24.4 pct in August

STORY: Malaysia's manufacturing sales grow 24.4 pct in August DATELINE: Oct. 13, 2022 LENGTH: 00:01:36 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of general views in Malaysia STORYLINE: Malaysia's manufacturing sales value in August grew 24.2 percent to 157.4 billion ringgit (33.6 billion U.S. dollars) from a year ago, official data showed Wednesday. The growth in sales value for the month was driven by electrical and electronics products subsector which surged 25.8 percent; petroleum, chemical, rubber and plastic products subsector that soared 27.6 percent; food, beverages and tobacco products subsector which jumped 18.4 percent, the Department of Statistics Malaysia (DOSM) said in a statement. Based on a month-on-month basis, the total sales value rose by 5.9 percent. For the period January to August, the manufacturing sales value increased by 17.4 percent year-on-year to 1.16 trillion ringgit (248 billion U.S. dollars). Xinhua News Agency correspondents reporting from Kua

Fitch Solutions sees Malaysia on track for fiscal consolidation

STORY: Fitch Solutions sees Malaysia on track for fiscal consolidation DATELINE: Oct. 12, 2022 LENGTH: 00:01:09 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur city center view 2. various shots of street views with cars on road 3. drone shots of Kuala Lumpur city center STORYLINE: Following the unveiling of Malaysia's Budget 2023 last Friday, Fitch Solutions on Tuesday maintained a fiscal deficit forecast for the country at 6.1 percent of gross domestic product (GDP) in 2022 and 5.6 percent of GDP in 2023. "This implies that we expect the budget shortfall to come in wider than the government's latest projections for 2022, but roughly similar for 2023," the research house said in a statement. With revenue projected to be at 272.6 billion ringgit (58.35 billion U.S. dollars) in 2023, the Malaysian government expects to register a budget deficit of 99.1 billion ringgit (21.21 billion dollars), equivalent to 5.5 percent of GDP, smaller than the revised deficit projection of 5.8

Malaysia outlines expansionary national budget with eye on welfare, economic growth

STORY: Malaysia outlines expansionary national budget with eye on welfare, economic growth DATELINE: Oct. 8, 2022 LENGTH: 00:03:30 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia Parliament House 2. various of the interior of parliament house 3. various of the arrivals of officials 4. various of the budget presentation (courtesy: RTM) STORYLINE: The Malaysian government led by Prime Minister Ismail Sabri Yaakob on Friday proposed an expansionary national budget aimed at helping the country recover from the COVID-19 pandemic. The budget for 2023 has been allocated 372.3 billion ringgit (80.06 billion U.S. dollars) compared to 332.1 billion ringgit (71.42 billion U.S. dollars) allocated for 2022. In his budget speech at the country's lower house of parliament, Finance Minister Tengku Zafrul Abdul Aziz said the government will seek to insulate the country against uncertainties caused by the global situation, including disruptions caused by the conflict in Ukraine, a sluggish

Malaysia's parliament reconvenes with 2023 budget in sight

STORY: Malaysia's parliament reconvenes with 2023 budget in sight DATELINE: Oct. 4, 2022 LENGTH: 0:01:40 LOCATION: Kuala Lumpur CATEGORY: POLITICS SHOTLIST: 1. various of Malaysia Parliament House in Kuala Lumpur 2. various of interior of the parliament house 3. various of debates in the lower house of parliament on TV screen 4. various of media workers at the press conference STORYLINE: Malaysia's lower house of parliament reconvened on Monday with the national budget for 2023 expected to be tabled by the end of the week. Among other pressing matters will be the economic challenges and preparations for an expected flood season, according to state news agency Bernama. The government is expected to face questions from lawmakers on the welfare and well-being of the people as rising food prices and a depreciating ringgit have created societal pressures, with the government having taken steps to curb inflation. Also high on the agenda are the government's efforts to prepare for severe flooding expe

Malaysian ringgit movements continue to be market determined: central bank

STORY: Malaysian ringgit movements continue to be market determined: central bank DATELINE: Sept. 24, 2022 LENGTH: 00:01:33 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. Malaysia's national flag 2. various of aerial views of Kuala Lumpur 3. various of Bank Negara Malaysia (the Central Bank of Malaysia) 4. various of bank notes counting machines and interior of investment bank STORYLINE: The Malaysian Central Bank said on Friday that Malaysian ringgit movements will continue to be market determined. Bank Negara Malaysia (BNM) said in a statement that the bank continues to closely monitor and ensure orderly financial market conditions amidst external developments that have led to persistent strength in the U.S. dollar against almost all currencies, including the ringgit. The dollar has strengthened significantly due to aggressive monetary policy tightening in the United States, it added. It also said that tighter global financial conditions and higher volatility in the foreign exchange markets are

Malaysia's wholesale, retail trade sales value up 41 pct on year in July

STORY: Malaysia's wholesale, retail trade sales value up 41 pct on year in July DATELINE: Sept. 12, 2022 LENGTH: 00:01:06 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur Twin Towers 2. various of new cars at car yard 3. various of crowds doing their grocery shopping in supermarket STORYLINE: Malaysia's wholesale and retail trade sales value rose 41 percent year on year to 130.7 billion ringgit (29.02 billion U.S. dollars) in July, official data showed Monday. The positive growth was contributed by all sub-sectors, namely motor vehicles which surged 613.8 percent, retail trade which jumped 37.5 percent, and wholesale trade which grew 20.6 percent, the Department of Statistics Malaysia (DOSM) said in a statement. In terms of volume index, wholesale and retail trade registered a growth of 33.7 percent year-on-year to record 142.5 points. The growth was supported by the increases in motor vehicles (681.6 percent), retail trade (31.6 percent), and wholesale trade (10.8

Malaysia's palm oil stocks rise to 2.09 million tons in August

STORY: Malaysia's palm oil stocks rise to 2.09 million tons in August DATELINE: Sept. 12, 2022 LENGTH: 00:01:34 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of workers harvesting palm seeds on tree 2. various of palm oil plantation area 3. various of palm oil factory and oil truck on road STORYLINE: Malaysia's palm oil stocks rose 18.16 percent from the previous month to 2.09 million tons in August, official data showed Monday. According to the Malaysian Palm Oil Board, the world's second-largest palm oil producer saw its crude palm oil production grow 9.67 percent month on month to 1.73 million tons in August. Palm oil exports slipped 1.94 percent month on month to 1.3 million tons in the same month. From January to August, Malaysia exported 9.81 million tons of palm oil worth 59.93 billion ringgit (13.31 billion U.S. dollars). Xinhua News Agency correspondents reporting from Kuala Lumpur. (XHTV)

Malaysia's IPI, manufacturing sales value, unemployment rate in July released

STORY: Malaysia's IPI, manufacturing sales value, unemployment rate in July released DATELINE: Sept. 12, 2022 LENGTH: 00:03:34 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur with Malaysia's National Flag 2. various of trucks in factory area and warehouses 3. various of Malaysia's National Flag 4. various of trucks in factory area and warehouses 5. various of Kuala Lumpur Twin Towers and Malaysia's National Flag 6. various of crowds and street views at Kuala Lumpur STORYLINE: The Department of Statistics Malaysia released data on the country's Industrial Production Index (IPI), manufacturing sales value and unemployment rate in July on Friday. The IPI in Malaysia increased 12.5 percent year on year. The expansion was driven by the manufacturing, electricity and mining sectors, with the growth of 14.9 percent, 13.2 percent and 3.2 percent respectively, the department said in a statement. The manufacturing sales value rose 23.8 percent to 148.4 billion ringgit (33 billion U

Malaysia's manufacturing sales value surges 23.4 pct, IPI rises 12.1 pct in June

STORY: Malaysia's manufacturing sales value surges 23.4 pct, IPI rises 12.1 pct in June DATELINE: Aug. 10, 2022 LENGTH: 00:03:40 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur Twin Towers 2. various of container located at yard 3. various of container vessels at Northport of Port Klang, Selangor 4. various of Malaysia's National Flag 5. various drone and time-lapse shots of Kuala Lumpur landscape 6. various of container located at yard STORYLINE: Malaysia's manufacturing sales value surged 23.4 percent year on year to a record high of 153.5 billion ringgit (about 34.5 billion U.S. dollars) in June, and the Industrial Production Index (IPI) increased 12.1 percent in June as compared to the same month of the previous year, official data showed Tuesday. According to the Department of Statistics Malaysia (DOSM), in the second quarter, sales value of the manufacturing sector grew 17.4 percent to 443.5 billion ringgit as compared to the same quarter of the previous year. Th

Malaysian PM unveils measures to ease rising food prices

STORY: Malaysian PM unveils measures to ease rising food prices DATELINE: June 23, 2022 LENGTH: 00:01:56 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: various of a shopping mall in Malaysiavarious of street view in Malaysia STORYLINE: Malaysian Prime Minister Ismail Sabri Yaakob unveiled measures on Wednesday, aimed at easing the rising cost of living, as the country copes with increased food prices. Among these is an increase in cash aid for lower-income households, in view of the removal of certain subsidies and ceiling prices including for bottled cooking oil, he said in a televised speech. The prime minister said the government will continue to subsidize cooking oil sold in polymer bags, with 4 billion ringgit (0.9 billion U.S. dollars) set aside for the purpose this year, up from 500 million ringgit in 2020 and 2.2 billion ringgit in 2021. He also said 8.6 million people will be targeted for cash aid to cope with the rising cost of living, amounting to 1.74 billion ringgit which will

Malaysia's exports rise 20.7 pct in April

STORY: Malaysia's exports rise 20.7 pct in April DATELINE: May 20, 2022 LENGTH: 00:02:27 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. Malaysia's national flag 2. various of landscape of Kuala Lumpur city center 3. various of container vessels at Northport of Port Klang, Selangor 4. various of container yard at Port Klang, Selangor 5. various of container truck on road STORYLINE: Malaysia's exports surged 20.7 percent year-on-year to 127.49 billion ringgit (28.96 billion U.S. dollars) in April, marking the ninth straight consecutive month of double-digit growth, official data showed Thursday. The export growth was contributed mainly by shipments of electrical and electronic products mainly semiconductors driven by global digitalization trends, the Ministry of International Trade and Industry (MITI) said in a statement. Meanwhile, exports to major markets notably the Association of Southeast Asian Nations (ASEAN), China, the United States, the European Union (EU) and Japan recorded double-di

Japanese trade minister meets M

Japanese trade minister meets M

Japanese International Trade ad Industry Minister Kaoru Yosano (R) meets with Malaysian Prime Minister Mahathir Mohamad (L) at the premier's official residence in Kuala Lumpur on Sept. 22. During talks, Mahathir said Malaysia's fixed dollar-ringgit exchange rate system is serving its purpose.