Malaysia Sees Trade Diversion Cushioning Impact Of Tariff Wars


Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus. (Bernama pic)KUALA LUMPUR: Bank Negara Malaysia, which has already downgraded its economic growth outlook for this year amid an escalating trade war, sees a partial offset as companies shift operations from China to sidestep higher US tariffs
In her first formal interview with the international media since she took office almost a year ago, BNM governor Nor Shamsiah Mohd Yunus said the trade diversion could add about 10 basis points to this year’s growth rate
That would be on top of BNM’s current forecast of 4.3% to 4.8% for 2019
“There’s a lot of uncertainty as to when the increased investments, the higher productive capacity that the firms would be making in order to take full advantage of the trade diversion will materialise,” she said here today
That was why the central bank included in its growth forecast only the anticipated losses from the trade war, including from the latest round of retaliatory measures between the world’s two largest economies, and not the benefits, she said
Like Vietnam, Malaysia is emerging as one of the key beneficiaries from the trade conflict given its manufacturing capability and open economy
Approved foreign direct investment into the manufacturing industry surged 127% in the first quarter from a year ago, recent data show
Penang, home to local facilities of Intel Corp and Dell Technologies Inc, was a particularly big recipient of the investment boom
Overall, the trade war and a global slowdown remain a drag on Malaysia’s export-reliant economy, with analysts expecting growth to slow to 4.5% in 2019, which would be the weakest pace in three years
“On a net-net basis the benefits from the trade diversion will not help fully offset the impact, the loss from the trade war,” Shamsiah, 55, said at the Sasana Kijang centre, a central bank facility named after the barking deer featured in its logo
A former deputy governor who was involved in investigating the scandal-plagued 1MDB, Shamsiah returned to the central bank in July last year following Prime Minister Dr Mahathir Mohamad’s surprise election victory
She replaced Muhammad Ibrahim in the top job after he faced questions about the central bank’s role in a deal linked to 1MDB
BNM was the second central bank in Asia to lower interest rates this year as policymakers in the region seek to bolster their economies against global risks and the US Federal Reserve shifted away from rate hikes
Shamsiah said the 25 basis-point reduction in the policy rate in May was in response to a tightening in financial conditions as a result of foreign outflows
“This cut is supposed to restore the level of monetary accommodativeness that will support sustainable growth with stable inflation,” she said. - FMT

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/06/malaysia-sees-trade-diversion.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Know+

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Malaysia Not Taking Sides In Us China Trade War Says Dr M

Malaysia Not Taking Sides In Us China Trade War Says Dr M

papar berkaitan - pada 22/6/2019 - jumlah : 304 hits
Prime Minister Dr Mahathir Mohamad speaks during a dialogue with Thai corporate leaders in Bangkok today With him is Foreign Minister Saifuddin Abdullah PETALING JAYA Malaysia will not take sides in the intensifying US China trade war Prime...
Pm Malaysia Still Maintains Trade Economic Policy Despite Change Of Gov T

Pm Malaysia Still Maintains Trade Economic Policy Despite Change Of Gov T

papar berkaitan - pada 22/6/2019 - jumlah : 219 hits
Malaysia has maintained its trade and economic policy as well as being friendly to other countries despite a change of government after 61 years Prime Minister Dr Mahathir Mohamad said today The new government according to him welcomes fore...
5 Kisah Lagenda Hantu Yang Menyeramkan Di Malaysia Dan Masih Segar Sehingga Kini

5 Kisah Lagenda Hantu Yang Menyeramkan Di Malaysia Dan Masih Segar Sehingga Kini

papar berkaitan - pada 13/6/2019 - jumlah : 816 hits
Sejak kanak kanak lagi kita dah terbiasa mendengar cerita cerita seram dari mulut ke mulut Kadang kadang kita mendengar sendiri pengalaman seram dari rakan rakan mahupun ahli keluarga sendiri Mungkin kisah seram sebegini menjadi budaya hibu...
Kaki Hiking Mari Lihat Senarai Gunung Di Malaysia

Kaki Hiking Mari Lihat Senarai Gunung Di Malaysia

papar berkaitan - pada 13/6/2019 - jumlah : 504 hits
Senarai ini gunung untuk didaki dari fb Han s Shikiya Ada seorang kawan tu Adela masa 2017 dia kata tahun 2018 dia nak panjat 100 gunung Q4 that year sewaktu bertemu di Matic aku tanyalah dah berapa gunung dia daki Dengan muka takde perasaa...
Affordable Housing In Malaysia

Affordable Housing In Malaysia

papar berkaitan - pada 13/6/2019 - jumlah : 291 hits
Affordable Housing in MalaysiaWhat is the interpretation of the term affordable homes Nevertheless what defines whether a house is affordable is based on the income of the targeted consumers According to Bank Negara an affordable home in Ma...
Experience The Trending Florist In Malaysia A Better Florist

Experience The Trending Florist In Malaysia A Better Florist

papar berkaitan - pada 13/6/2019 - jumlah : 331 hits
Experience the Trending Florist in Malaysia A Better Florist A Better Florist is a relatively new and innovative florist in Malaysia that has quickly stood out as the As every business has several aspects to take into consideration customer...
Proton X50 Sah Masuk Malaysia Bakal Diperkenalkan Pada Tahun Hadapan

Proton X50 Sah Masuk Malaysia Bakal Diperkenalkan Pada Tahun Hadapan

papar berkaitan - pada 13/6/2019 - jumlah : 538 hits
Assalammualaikum dan salam sejahtera Selepas kejayaan Proton SUV X70 yang berjaya menarik ramai pembeli kini Proton tampil dengan SUV kedua mereka setelah Carlist melaporkan model X50 dalam kelas 12 telah sah didaftarkan di Perbadanan Harta...
Jbl Launches Tour One M3 Smart Tx Headphones With Lossless Audio Smart Transmitter And 70 Hour Battery Life

Siti Kasim Dares Madani Gov T To Imitate Pap S Mps Are Slaves Of The People Not Their Masters Benchmark

When The Jackals Rule

Malaysian Batik Takes The Spotlight As Official Attire For Asean Chairmanship 2025 Gala Dinner

Ejai Aziz Masa Lalu Chord

Mano Maniam More Than Just Uncle Chan He Had A Dream For Malaysia

New Life Wedge Turns The Ducati Scrambler 1100 Into A Caf Racer

Nothing Personal About Zafrul S Party Switch


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Selepas Setahun Elfira Loy Kongsi Catatan Persediaan Ibadah Haji

Ziarah Dan Solat Di As Salaam Masjid Okachimachi

Dirgahayu Tuanku

Free Money On The Go Why Kongnara S Mobile Design Feels Like A Dream

Rafizi Saya Tak Berminat Terima Jawatan Tertinggi Mana Mana Parti

Nora Danish Terkilan Tak Dapat Tunai Haji Tahun Ini Mungkin Tahun Depan Bersama Suami Baru