Ministry of Finance Malaysia (MOF) had released its 73rd LAKSANA report
Malaysia’s leading Index (LI) for August 2021 contracted by 2.3% yoy
The FBM KLCI fell by 0.64% or 10.20 points for the week to settle at 1,588.08 points
IHS Markit Flash US Manufacturing posted 59.2 in October
US industrial production (IP) contracted by 1.3% mom in September
Euro area annual inflation rate surged to 3.4% in September, a 13-year high
UK headline inflation rose to 3.1% yoy in September
China’s 3Q21 GDP grew at a weaker pace of 4.9% yoy
Japan's headline inflation increased by 0.2% in September 2021
Singapore's total trade rose by 18.7% in September 2021
BI and PBoC kept the policy rate unchanged, CBRT cut, while CBR and Hungary tightening
Week Ahead Economic Review
MALAYSIA ECONOMY
According to the Ministry of Finance Malaysia (MOF) 73rd LAKSANA report, in supporting the agriculture and food industry, a total of RM221.32m has been disbursed under the Agrobank Microcredit Financing Scheme, benefiting 17,734 agricultural Micro SMEs. The total guarantees approved under the Danajamin Prihatin Guarantee Scheme (DPGS) were RM2.025bn for 56 companies. Meanwhile, under technical and digital adoption for SMEs and mid-tier companies (MTC) programs, a total of RM86.4m has been distributed to 13,886 recipients. For Indian Community Entrepreneur Development Scheme, a total of RM19.75m was disbursed to 844 eligible SMEs. The government also had introduced various programs to support employment conditions, particularly via Recruitment Incentive Program or PenjanaKerjaya under the PERKESO. Under PenjanaKerjaya 1.0, 2.0, and 3.0 programs, RM1.094bn was disbursed as of 13 October, benefiting 35,566 employers and 256,684 employees. Since last year, 2,973,573 allowance claims amounting to RM1.119bn have been approved for the front-liners. The disbursed amount of wage subsidy 1.0 and 2.0 schemes stood at RM12.946bn and RM1.396bn, respectively. For wage subsidy 3.0 and 4.0, a totaled RM3.137bn and RM1.1bn were channeled to the employers as of 8 October 2021.
Leading Index (LI) for August 2021 contracted by 2.3% yoy following a 4.0% drop in July. The contraction in LI was mainly due to a reduction in the number of housing units approved. However, the LI returned to positive growth of 1.1% mom, reversing a 0.6% drop in July, primarily led by a hike in expected sales value in the manufacturing sector. The Coincident Index (CI), which measures the overall current economic performance, rebounded to 4.2% mom, a reversal of a 2.5% drop in July. Meanwhile, the CI registered a negative growth of 1.6% yoy, moderating from a 5.2% contraction in July.
Malaysia’s CPI reaccelerated to 2.2% yoy in September compared to 2.0% yoy in the previous month. This was the eighth straight month of inflation since February 2021. On a monthly basis, consumer price rose by 0.2% compared to a flat growth in the previous month.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3324 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....