Malaysia Manufacturing PMI was Unchanged at 48.8 in April 2023
Summary:
The latest data showed that the Malaysian manufacturing sector was in a mixed state; demand remained low, causing businesses to cut back on production and purchasing. However, there were some encouraging signs when it came to new export orders. The labour market, where companies hired more workers for the fourth month in a row. Meanwhile, supplier delivery times continued to shrink, and the rate of inflation in input costs remained low. This enabled firms to lower their output prices in order to boost demand.
https://www.pmi.spglobal.com/Public/Home/PressRelease/ce2879cb7df9484caeae542c8372e9c0
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#UOBKayHian #UOBKayHianMalaysia #UOBKayHianWealthAdvisors
#PrivateWealth #PriorityBroking #KeyEconomicData
Summary:
The latest data showed that the Malaysian manufacturing sector was in a mixed state; demand remained low, causing businesses to cut back on production and purchasing. However, there were some encouraging signs when it came to new export orders. The labour market, where companies hired more workers for the fourth month in a row. Meanwhile, supplier delivery times continued to shrink, and the rate of inflation in input costs remained low. This enabled firms to lower their output prices in order to boost demand.
https://www.pmi.spglobal.com/Public/Home/PressRelease/ce2879cb7df9484caeae542c8372e9c0
##
#UOBKayHian #UOBKayHianMalaysia #UOBKayHianWealthAdvisors
#PrivateWealth #PriorityBroking #KeyEconomicData
Bank Negara Malaysia decided to increase the OPR by 25 basis points to 3.00 percent.
Today's MPC meeting concluded that the global economy is being driven by strong domestic demand, a strong labour market, and a stronger-than-expected Chinese economy. High-cost pressures and interest rates, on the other hand, weigh on the global economy. Core inflation remains above the national average despite overall inflation falling. As a result, the MPC decides to normalise monetary policy. Given Malaysia's economic strength, the MPC recognises the importance of maintaining appropriate monetary policy to prevent financial imbalances. Monetary policy is slightly accommodating and economically supportive.
Click for full MPC statement: https://www.bnm.gov.my/-/monetary-policy-statement-03052023
#UOBKayHian #UOBKayHianMalaysia #UOBKayHianWealthAdvisors
#PrivateWealth #PriorityBroking #KeyEconomicData
Today's MPC meeting concluded that the global economy is being driven by strong domestic demand, a strong labour market, and a stronger-than-expected Chinese economy. High-cost pressures and interest rates, on the other hand, weigh on the global economy. Core inflation remains above the national average despite overall inflation falling. As a result, the MPC decides to normalise monetary policy. Given Malaysia's economic strength, the MPC recognises the importance of maintaining appropriate monetary policy to prevent financial imbalances. Monetary policy is slightly accommodating and economically supportive.
Click for full MPC statement: https://www.bnm.gov.my/-/monetary-policy-statement-03052023
#UOBKayHian #UOBKayHianMalaysia #UOBKayHianWealthAdvisors
#PrivateWealth #PriorityBroking #KeyEconomicData
Malaysia Q1 2023 GDP 5.6%
Malaysia's GDP grew 5.6% in Q1 2023, down from 7.1% in Q4 2022. This quarter, all supply sectors grew, especially services and manufacturing. Demand was driven by private final consumption expenditure and gross fixed capital formation.
https://www.dosm.gov.my/portal-main/release-content/c4a9dbc1-8b79-11ed-96a6-1866daa77ef9
#UOBKayHian #UOBKayHianMalaysia #UOBKayHianWealthAdvisors
#PrivateWealth #PriorityBroking #KeyEconomicData
Malaysia's GDP grew 5.6% in Q1 2023, down from 7.1% in Q4 2022. This quarter, all supply sectors grew, especially services and manufacturing. Demand was driven by private final consumption expenditure and gross fixed capital formation.
https://www.dosm.gov.my/portal-main/release-content/c4a9dbc1-8b79-11ed-96a6-1866daa77ef9
#UOBKayHian #UOBKayHianMalaysia #UOBKayHianWealthAdvisors
#PrivateWealth #PriorityBroking #KeyEconomicData
Bursa Marketplace Fair 2023
⏰ Tik! ⏰ Tok! ⏰ Tik! ⏰ Tok!
See you THIS SATURDAY at Persada Johor for the Bursa Marketplace Fair!
What's in it for you?
If you are just starting out in your investment journey, tell us about your goals and we'll sit and plan one for you, FREE of CHARGE!
If you are a seasoned investor, level up with our 360° financial audit and planning.
Into crude palm oil trading? Join our award winning futures broker representative, En. Zuber Al Awwam who will be providing insights into CPO trading at 3:30pm at Breakroom 1.
Members of the public can also join in the fun activities organized for the 1-day event including RM10 Touch No Go reload pin for early bird special, Meet and Greet with Mechamato and Hael Husaini and more.
Come and visit UOB Kay Hian booth to unlock the secrets to financial success, sign-up promotion and free gifts.
See you there!
__
#BursaMarketplaceFair
#JohorBahru #UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHianWealthAdvisors
#PrivateWealth
#UWEALTH
#UTRADE
⏰ Tik! ⏰ Tok! ⏰ Tik! ⏰ Tok!
See you THIS SATURDAY at Persada Johor for the Bursa Marketplace Fair!
What's in it for you?
If you are just starting out in your investment journey, tell us about your goals and we'll sit and plan one for you, FREE of CHARGE!
If you are a seasoned investor, level up with our 360° financial audit and planning.
Into crude palm oil trading? Join our award winning futures broker representative, En. Zuber Al Awwam who will be providing insights into CPO trading at 3:30pm at Breakroom 1.
Members of the public can also join in the fun activities organized for the 1-day event including RM10 Touch No Go reload pin for early bird special, Meet and Greet with Mechamato and Hael Husaini and more.
Come and visit UOB Kay Hian booth to unlock the secrets to financial success, sign-up promotion and free gifts.
See you there!
__
#BursaMarketplaceFair
#JohorBahru #UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHianWealthAdvisors
#PrivateWealth
#UWEALTH
#UTRADE
UOB Kay Hian (UOBKH) and Hong Leong Asset Management (HLAM) signed agreement to distribute Hong Leong Dana Makmur and Hong Leong Dana Maa’rof to UOB Kay Hian’s customers.
Multi-award-winning Islamic funds Hong Leong Dana Makmur and Hong Leong Dana Maa’rof are two of the most popular Shariah-compliant funds in Malaysia with a proven track record of performance.
From left to right: Noor Aini Binte Shaik Awab, Executive Director/Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd, Hoo See Kheng, Executive Director/Chief Executive Officer of Hong Leong Asset Management Sdn Bhd, David Lim Meng Hoe, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd and Alvin Tan Chin Cherng, Chief Executive Officer of UOB Kay Hian Wealth Advisors Sdn. Bhd.
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#UOBKayHian
#UOBKayHianMalaysia
#UOBKayHianWealthAdvisors
Multi-award-winning Islamic funds Hong Leong Dana Makmur and Hong Leong Dana Maa’rof are two of the most popular Shariah-compliant funds in Malaysia with a proven track record of performance.
From left to right: Noor Aini Binte Shaik Awab, Executive Director/Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd, Hoo See Kheng, Executive Director/Chief Executive Officer of Hong Leong Asset Management Sdn Bhd, David Lim Meng Hoe, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd and Alvin Tan Chin Cherng, Chief Executive Officer of UOB Kay Hian Wealth Advisors Sdn. Bhd.
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#UOBKayHian
#UOBKayHianMalaysia
#UOBKayHianWealthAdvisors