The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

Malaysia’s industrial production surprises with 3.6% growth in February

google-preferred-sourceAdd BT as a preferred source

Tan Ai Leng

Published Tue, Apr 11, 2023 · 04:06 PM
    • Electrical and electronics products continue to spearhead Malaysia’s factory output in February, followed by food, beverages and tobacco products.
    • Electrical and electronics products continue to spearhead Malaysia’s factory output in February, followed by food, beverages and tobacco products. PHOTO: BT FILE

    [KUALA LUMPUR] Malaysia’s industrial production index (IPI) rose 3.6 per cent year on year in February, after recording a modest growth of 1.8 per cent in January 2023, according to figures released by the Department of Statistics Malaysia (DOSM) on Tuesday (April 11).

    The growth has exceeded the 2.7 per cent average expectation of 12 economists in a Reuters poll.

    The expansion of factory output in February was led by the increment of 4.9 per cent in the manufacturing sector and 1.1 per cent in the electricity sector. The mining sector, however, dropped 0.5 per cent.

    industrial productionAsean Business

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More