Genting Theme Park Opening
Southeast Asia’s most anticipated theme park said that it will be opening on 8 February 2022! Ticket sales go live via the Genting SkyWorlds Website (gentingskyworlds.com) and Genting SkyWorlds Mobile App from 10am on 4 February 2022. ( To read the full story, click here.
December Monetary And Financial Development Report From Bank Negara
Bank Negara updated on the country’s December monetary and financial developments for December 2021, top of the list is that headline inflation moderated to 3.2% in December, November was at 3.3% due mainly to lower transport inflation which December was 9.5% compared to November at 12.7%, this was partly offset by higher food and non-alcoholic beverages inflation of which was 3.2% in December compared to November’s 2.7%. To read the full story, click here
Contract R&D, R&D Companies Requires MITI’s R&D Status Company Approval Effective Jan 1
The definitions of “Contract Research and Development Company” and “Research and Development Company” under Section 2 of the Promotion and Investment Act 1986 PIA has been amended to require the approval as an R&D status company by the Minister of International Trade and Industry effective January 1, 2022, Malaysian Investment Development Authority MIDA said in a statement. To read full story, click here
Lexus Sold More Cars In 2021 Despite Supply Chain Dilemma
Lexus has recorded a better-than-expected recovery for its global car sales, for the period of January-December, the luxury brand sold 760,012 units a 106% compared to the previous year, showing a recovery trend in car sales.
On a regional level, North America achieved approximately 332,000 units or 112% compared to the previous year, and China achieved a record high of approximately 227,000 units which is 101% compared to the previous year. To read the full story, click here
Loan Growth To Register Between 4% To 5% In 2022: Kenanga Research
Loan growth is expected to register between 4% to 5% in 2022 (2021: 4.5%; 2020: 3.4%), Kenanga Research said in a note. The research house said that It attributes this to the projected expansion in GDP growth (5.5% -6.0%) and an improving domestic COVID-19 situation that should continue to expand household and business confidence. To read the full story, click here
Export Value And Volume Index Grew In December; DOSM
The export unit value index grew 0.2 per cent in December 2021 as compared with the previous month, contributed by the increases in index of animal & vegetable oils & fats (+3.4%), machinery & transport equipment (+0.8%) and chemicals (+0.8%), the Department Of Statistics of Malaysia (DOSM) said
It said that likewise, the export volume index grew 10.1 per cent in the same month, reflected by the increases in index of machinery & transport equipment (+21.5%), chemicals (+9.3%) and miscellaneous manufactured articles (+7.7%). To read the full story, click here
Central Bank Governor: Malaysia’s Economy Will Expand 6.5 Percent in 2022
Bank Negara Malaysia (BNM) reiterated that the Malaysian economy will expand between 5.5 percent and 6.5 percent this year, underpinned by continued expansion in global demand and higher private sector expenditure, said Governor Tan Sri Nor Shamsiah Mohd Yunus.
Nor Shamsiah said Malaysia was well-positioned to gain as global growth and trade bounce back, as observed in 2021. To read full story, click here
