Malaysia’s wholesale & retail trade sector grew by 5.5 per cent to hit RM150.1 billion in October 2024, compared to the same period last year, according to Statistics Department Malaysia (DOSM).
This growth exceeded the five per cent expansion observed in September, underscoring the sector's resilience amidst a stable economic environment.
DOSM attributed the surge in sales to strong performances across the retail trade, whol...

The Industrial Production Index rose by 2.1 per cent year-on-year (y-o-y) in October 2024, spurred by steady output growth in the manufacturing sector, according to Statistics Department Malaysia (DOSM).
Chief statistician Datuk Seri Mohd Uzir Mahidin said the IPI maintained positive growth in October 2024, albeit at a slower rate of 2.1 per cent after registering 2.3 per cent in the preceding month.
"The increase was spearheaded by the manufacturing sector ...

If you’re looking for a company with a story of resilience and growth, Lotus KFM Berhad might just be it. Known for its flour milling and starch trading business, the company has recently ventured into exciting new areas like biomass solutions and forest plantations. These moves could set the stage for something big.
What’s Happening with Lotus KFM?
In its latest financial results for the year ending 30 September 2024, Lotus KFM posted a to...

With Malaysia’s Budget 2025 outlining a significant RM16 billion allocation for upgrading the national grid, Master Tec Group Berhad (BURSA: MTEC, 0295) has positioned itself to capitalise on the surge in infrastructure spending. The budget focuses on bolstering the country’s transmission and distribution networks, along with a RM300 million investment under the National Energy Transition Facility (NETR) ...

Malaysia’s trade from January to September 2024 rose 10.2 per cent to RM2.139 trillion, surpassing the RM2 trillion threshold in just nine months, compared to 10 months in 2023, said the Ministry of Investment, Trade and Industry (MITI).
According to the World Trade Organisation’s forecast, Asia’s exports are expected to rise by 7.4 per cent in 2024.
In line with this, Malaysia’s exports over the first nine...

The manufacturing sector's August 2024 sales value reached RM163.9 billion, reflecting a year-on-year (y-o-y) increase of 7.7 per cent versus a decline of 3.3 per cent in the same month last year, according to the Department of Statistics Department (DOSM).
However, the sector's sales value moderated compared to the 9.1 per cent growth observed in the preceding month.
Chief statistician Datuk Seri Mohd Uzir Mahidin attributed the increa...

OCR Group Berhad (“OCR”), an integrated property developer, recently raised RM46.8 million through a highly successful renounceable rights issue with free warrants, achieving an oversubscription rate of 101.1%. This response from the market speaks volumes about investor confidence in OCR's growth trajectory and development plans.
The rights issue, priced at RM0.035 per share, was offered with tw...

Malaysia’s trade has continued its stellar performance in August, growing 18.6 per cent year-on-year to RM252.65 billion -- the fastest growth rate in 22 months, according to the Investment, Trade and Industry Ministry (MITI).
In a statement today, it said exports continued its growth momentum for the fifth consecutive month, rising 12.1 per cent to RM129.16 billion, while imports expanded by 26.2 per cent to RM123.49 bi...

PGF Capital Bhd subsidiary, NetZero Technology Sdn Bhd, has inked a sales and purchase agreement to acquire a land worth RM40 million in Kedah to expand its insulation manufacturing plant.
The freehold land acquired from Senam Jaya Sdn Bhd measuring about 23.9 acres in Kulim in a development to be known as Kulim East Industrial Park.
In a statement today, PGF Capital said the land will be developed in phases.
Under the Phase 1, a new m...

The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) remained steady at 49.7 in August, indicating a slight decline in the Malaysian manufacturing sector.
The latest PMI data suggest gross domestic product (GDP) growth is running at a broadly similar rate to that seen in the second quarter, as well as pointing to modest year-on-year improvements in official manufacturing...