KUALA LUMPUR, May 12 — Malaysia’s gross domestic product (GDP) is set to moderate to 4.2 per cent in 2023 amid external headwinds and tightening of monetary policy in many economies, said MIDF Research.

KUALA LUMPUR, May 10 — MIDF Research expects the upbeat domestic demand momentum underpinned by a steady labour market, softening inflationary pressure, pick-up in tourism activities, and supportive economic policies to boost the first quarter (Q1) of 2023’s gross domestic product (GDP) growth and the overall 2023 expansion rate.

KUALA LUMPUR, May 8 — Net selling of local equities by foreign investors moderated to just RM20.79 million last week from RM187.79 million in the previous week, while local institutional investors continued their buying stance.

KUALA LUMPUR, May 8 — MIDF Research remains positive on the construction sector following the announcement of additional funds by the federal government for Penang to carry out its light rail transit (LRT) project, among other developments.

KUALA LUMPUR, May 3 — Bank Negara Malaysia’s (BNM) decision to raise the overnight policy rate (OPR) by 25 basis points shows that Malaysia’s economy is resilient, say economists.

KUALA LUMPUR, May 3 — MIDF Research expects stronger demand from China to help support regional trade and production activities for Malaysia’s Manufacturing Purchasing Managers’ Index (PMI) going forward.

KUALA LUMPUR, April 11 — MIDF Research is optimistic that 2023’s retail trade growth will be able to touch +8.9 per cent, considering the macroeconomic outlook and improving domestic fundamentals.

By Jerry Choong SHAH ALAM, April 6 — The state leads the way as the largest contributor to Malaysia's national gross domestic product (GDP), with the possibility of reaching 25 per cent overall by 2025 with current economic trends. MIDF Research said Selangor contributed 22.8 per cent to the...

KUALA LUMPUR, April 1 — The ringgit is likely to trade on a bullish bias next week, below the RM4.40 level within the 4.3925 - 4.4175 range against the US dollar, said an analyst.

KUALA LUMPUR, March 31 — MIDF Research expects the appreciating ringgit trend to continue and average stronger at RM4.20 and end the year at around RM4.00 against the US dollar, supported by the upbeat domestic economy.

KUALA LUMPUR, March 24 — MIDF Research has slightly raised its headline inflation projection by 0.2 points to 2.5 per cent for 2023, following a higher food price growth forecast of 4.5 per cent from 4.0 per cent previously.

KUALA LUMPUR, March 24 — MIDF Amanah Investment Bank Bhd (MIDF) has revised its 2023 forecast total industry volume (TIV) for the automotive sector upward by 5.0 per cent to 713,000 units, premised on the industry’s order backlog.

KUALA LUMPUR, March 13 — Malaysia’s retail trade growth forecast will be able to touch 8.9 per cent for 2023 driven by the pent-up demand for the year underpinned by improving labour market, stable inflationary pressure, accommodative economic policies and an uptick in the tourism industry, MIDF Research said.

KUALA LUMPUR, March 9 — MIDF Amanah Investment Bank Bhd Research (MIDF Research) believes the current focus of Bank Negara Malaysia's (BNM) monetary policy setting is to ensure a sustainable growth momentum of Malaysia’s economy.

KUALA LUMPUR, March 6 — After two consecutive weeks of net buying, foreign funds left the domestic market last week after net selling RM338.7 million worth of Malaysian equities, said MIDF Research.

KUALA LUMPUR, March 3 — RHB Research believed that banks are still cautiously optimistic about economic prospects, and any potential deterioration in asset quality should be manageable as lending indicators close to pre-pandemic levels.

KUALA LUMPUR, Feb 28 — The continuous decline in the Producer Price Index (PPI) inflation provides a positive signal, especially for the Consumer Price Index trajectory in the near term, says MIDF Amanah Investment Bank Bhd Research (MIDF Research).

KUALA LUMPUR, Feb 27 — Foreign investors maintained their net buying spree on Malaysian equities for the second consecutive week, marking a net foreign inflow of RM246.2 million, said MIDF Research.

KUALA LUMPUR, Feb 24 — MIDF Research has maintained its average headline inflation forecast for Malaysia at 2.3 per cent this year.

KUALA LUMPUR, Feb 20 — MIDF Research is keeping its projection for both exports and imports to expand at 9.2 per cent and 9.5 per cent year-on-year (y-o-y) respectively despite the slower-than-expected trade recorded in January.