RAM-CTOS: Malaysia’s business sentiments turn positive in first quarter of 2024

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Malaysia Business Confidence Noticias

Malaysia Economy Outlook

KUALA LUMPUR, April 9 — The RAM-CTOS Business Confidence Index (BCI), which examines forward-looking business sentiment in Malaysia, rose to 53.4 in the first quarter of 2024 (1Q...

Lawyers’ group calls out Hannah Yeoh for ‘misleading’ remarks about citizenship Bill, urges govt to include existing children born abroad to Malaysian mumsThe positive score, which is above the neutral level of 50, delineating positive and negative sentiments, was recorded as compared to the downturn posted in 3Q 2023 at 50.4 and 4Q 2023 at 48.9, said RAM Holdings Bhd and CTOS Data Systems Sdn Bhd in a joint statement today.

Commenting on the improved sentiment, RAM Holdings Bhd group chief executive officer and executive director Chris W K Lee said the latest BCI readings coincided with the recent uptick in macroeconomic and trade data, signalling that the Malaysian economy is poised for higher growth this year.“This aligns with RAM’s 2024 gross domestic product growth projection of 4.5 per cent to 5.5 per cent, an acceleration after a relatively weak 3.7 per cent last year,” he said.

The BCI survey noted that around 90 per cent of the 115 firms polled had cited rising costs as their top challenge in the next three months.

 

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