World

Malaysia’s economic growth slows down in Q3

Malaysia recorded a 4.4-percent expansion in its gross domestic product (GDP) in the third quarter of 2019, compared to 4.9 percent in Q2.
Malaysia’s economic growth slows down in Q3 ảnh 1A view of Kuala Lumpur capital of Malaysia (Photo: New Straits Times)

Kuala Lumpur (VNA) – Malaysia recorded a 4.4-percent expansion inits gross domestic product (GDP) in the third quarter of 2019, compared to 4.9percent in Q2.

Governor of the Bank Negara Malaysia (BNM) Nor Shamsiah Mohd Yunus attributedthe slower GDP pace to the lower growth in key sectors and a decline in miningand construction activities.

According to the BNM report, headline inflation in Q3 stood at 1.3 percentcompared to 0.7 percent in Q2. Core inflation, excluding the impact ofconsumption tax policy changes, was steady at 1.5 percent.

The Malaysian ringgit depreciated by 1.1 percent compared to the US dollarbetween July and September due to increased risks amid the prolonged US-Chinatrade war.

The central bank’s leader expected full-year growth will be within projectionsof between 4.3 percent and 4.8 percent, and the pace will sustain in 2020,underpinned mainly by the private sector, particularly household spending whichis supported by continued expansion in employment and income./.
VNA
#Malaysia#Malaysia's economy#Malaysia’s economic growth#Bank Negara Malaysia#central bank of Malaysia#Malaysia's GDP#updated Vietnam news#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

Malaysia attracts more investment amid trade war: minister

Malaysia attracts more investment amid trade war: minister

Malaysian Finance Minister Lim Guan Eng has said the permanent reorientation of the global supply chain due to the US-China trade war can be a golden opportunity to attract new investment and reverse Malaysia's premature deindustrialisation.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.