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New Straits Times
2 days ago
- Business
- New Straits Times
Malaysia's Q2 GDP projected to grow 4.5pct
KUALA LUMPUR: Malaysia's economy is estimated to grow 4.5 per cent in the second quarter of 2025, slightly higher than the 4.4 per cent recorded in the previous quarter, according to the Department of Statistics Malaysia (DOSM). The preliminary estimate signals that Malaysia's economic growth momentum remained steady in April and May, with expectations of stronger performance in June. For the first half of 2025 (1H25), the economy is projected to expand moderately by 4.4 per cent, staying close to the government's official target range of 4.5 to 5.5 per cent for the full year. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the economy continued to expand in the second quarter of 2025, supported by firm consumer demand despite ongoing global challenges. He said domestic consumption remained the key growth driver, backed by public sector salary adjustments, school holidays and seasonal spending during Hari Raya Aidilfitri and Hari Raya Aidiladha. He added that a stable labour market with low unemployment and inflation further strengthened household spending. "On top of that, the continued implementation of cash assistance programmes such as Sumbangan Asas Rahmah (SARA) and Sumbangan Tunai Rahmah (STR) also contributed to sustained household spending throughout the quarter," he said in a statement. By sector, Mohd Uzir said manufacturing showed mixed performance, with growth of 5.6 per cent in April before moderating to 2.8 per cent in May. This was driven by sustained activity in the electrical and electronics subsector and strong demand from domestic-oriented industries, as reflected by the Industrial Production Index. Similarly, wholesale and retail trade sales, which indicate consumer and business activity, rose 4.4 per cent in May, easing from 4.7 per cent in April, mainly supported by steady wholesale and retail trade performance. However, the external sector posted mixed results, with trade activities growing at a slower pace in May due to weaker demand for exported goods. "While domestic spending remains the main pillar of the economy, the external sector faces challenges influenced by tariff-related developments and ongoing global political uncertainties," he said. Mohd Uzir said services remained the key growth driver in the second quarter of 2025 (2Q25), recording a 5.3 per cent increase compared with 5.0 per cent in the first quarter, mainly contributed by wholesale and retail trade, transport and storage as well as business services. The manufacturing sector grew 3.8 per cent, supported by the production of electrical, electronic and optical products, vegetable and animal oils and fats, and food processing. The construction sector registered double-digit growth for six straight quarters, rising 11 per cent, driven mainly by non-residential buildings and special trades activities. The agriculture sector increased 2.0 per cent, fuelled by the palm oil subsector.
Barnama
2 days ago
- Business
- Barnama
Malaysia 2Q GDP Forecast To Expand 4.5 Pct, Fuelled By Robust Domestic Demand -- DOSM
BUSINESS KUALA LUMPUR, July 18 (Bernama) -- Malaysia's economy is forecast to grow by 4.5 per cent in the second quarter of 2025 (2Q 2025) based on advance gross domestic product (GDP) estimates, slightly outpacing previous quarter's 4.4 per cent. Growth is expected to be driven by robust domestic demand amid global headwinds, according to the Statistics Department Malaysia (DOSM). In a statement today, DOSM said growth momentum was sustained in April and May, with a stronger performance anticipated in June. "Overall, the economy is estimated to have grown moderately by 4.4 per cent in the first half of 2025," it said. Chief statistician Datuk Seri Mohd Uzir Mahidin said domestic consumption remained the key driver, significantly boosted by the lingering effects of public sector wage adjustments, school holidays and seasonal spending during both Hari Raya Aidilfitri and Hari Raya Aidiladha. A stable labour market, together with low unemployment and inflation rates, further reinforced household spending. 'Cash assistance programmes such as Sumbangan Asas Rahmah and Sumbangan Tunai Rahmah also contributed to sustaining household consumption during the quarter," he said. Mohd Uzir noted that the manufacturing sector experienced varied performance in 2Q, growing by 5.6 per cent in April and moderating to 2.8 per cent in May. "This growth was largely attributed to sustained activity in the electrical and electronics sub-sector and robust demand from domestic-oriented industries, as indicated by the Industrial Production Index.
Malay Mail
2 days ago
- Business
- Malay Mail
Malaysia's economy seen growing 4.5pc in Q2 2025 on strong domestic demand
KUALA LUMPUR, July 18 — Malaysia's economy is forecast to grow by 4.5 per cent in the second quarter of 2025 (2Q 2025) based on advance estimates, outpacing the 4.4 per cent expansion in the previous quarter. The growth is expected to be driven by robust domestic demand amidst global headwinds, according to the Department of Statistics Malaysia (DOSM). In a statement today, DOSM said growth momentum was sustained in April and May, with a stronger performance anticipated in June. 'Overall, the economy is estimated to have grown moderately by 4.4 per cent in the first half of 2025,' it said. — Bernama MORE TO COME
Daily Express
3 days ago
- Business
- Daily Express
Sabah No 1 agricultural sector contributor
Published on: Thursday, July 17, 2025 Published on: Thu, Jul 17, 2025 Text Size: Dr Jeffrey said of the total, the crop subsector accounted for the highest number of holdings at 140,018, followed by capture fisheries (14,903), livestock (2,242), aquaculture (2,164) and forestry and logging (162). Kota Kinabalu: Sabah recorded the highest number of agricultural holdings in Malaysia, with a total of 159,259, continuing its position as one of the country's top contributors to the agricultural sector. Deputy Chief Minister I Datuk Seri Dr Jeffrey G. Kitingan said of the total, the crop subsector accounted for the highest number of holdings at 140,018, followed by capture fisheries (14,903), livestock (2,242), aquaculture (2,164) and forestry and logging (162). Advertisement 'The State contributes 17.4 per cent of the total crop subsector sales value, placing it among the top four states nationally. 'Sabah is also ranked in the top three states for capture fisheries (13.8 per cent) and for forestry and logging (19.6 per cent),' he said during the launch of the Sabah State Interim Report of the 2024 Agriculture Census on Tuesday. Jeffrey, who is also State Minister of Agriculture, Fisheries and Food Industry, added that the 2024 Agriculture Census data revealed that more than 70 per cent of the State's agricultural holdings are operated by individuals aged 46 and above. He said about 35 per cent of individual holders reported having no formal qualifications or certifications, offering a clear profile of the current farming community in Sabah. 'This report not only provides a comprehensive overview of the current agricultural landscape but also serves as a vital foundation in formulating impactful policies and strategies,' he said. In 2023, Sabah recorded a total planted area of 1.782 million hectares, with the majority cultivated by agricultural organisations. 'This reflects the significant role of organisations and companies in shaping the State's agricultural landscape, which is dominated by commodity crops, particularly oil palm. 'Of the total planted area, 1.574 million hectares or 88.3 per cent were harvested areas,' he said. Chief Statistician of Malaysia, Datuk Seri Dr Mohd Uzir Mahidin, said in addition to conducting the Agriculture Census every 10 years to strengthen the national agricultural statistics system, the Department of Statistics Malaysia (DOSM) will introduce a short-term agricultural survey in 2026 to ensure the data remains relevant and responsive to current trends. 'Following the 2024 Agriculture Census, DOSM has developed an integrated agriculture statistics system portal known as TaniStats,' he said. According to the census report, Keningau recorded the highest number of individual agricultural holders in Sabah with 14,100, followed by Ranau (12,862) and Kota Marudu (12,627). In terms of sales value, Kinabatangan topped the list with RM4.15 billion, followed by Tawau (RM3.93 billion) and Lahad Datu (RM3.50 billion). * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
4 days ago
- Business
- Borneo Post
Sabah records highest number of agricultural holdings in Malaysia
Jeffrey (seated centre) at the launching ceremony of Interim Report of the 2024 Sabah Agriculture Census released by the Department of Statistics Malaysia (DOSM) on Tuesday. KOTA KINABALU (July 15): Sabah has the highest number of agricultural holdings in Malaysia, recording a total of 159,259, according to the Interim Report of the 2024 Sabah Agriculture Census released by the Department of Statistics Malaysia (DOSM) on Tuesday. The launching ceremony of the report was officiated by Deputy Chief Minister I cum Sabah Minister of Agriculture, Fisheries and Food Industry, Datuk Seri Panglima Dr Jeffrey Kitingan, at the Sabah International Convention Centre (SICC). Also present was Chief Statistician of Malaysia and Commissioner of the 2024 Agriculture Census, Datuk Seri Dr Mohd Uzir Mahidin, alongside heads of departments and representatives from federal and state agriculture agencies. Jeffrey said the majority of the holdings are in the crops sub-sector, accounting for 140,018 holdings, followed by capture fisheries (14,903), livestock (2,242), aquaculture (2,164), and forestry and logging (162). The data also highlights the demographic landscape of Sabah's agricultural sector, which consists of 156,635 individual holdings. Notably, over 70 per cent of these individual farmers are aged 46 and above. About 35 per cent of them reported having no formal education or academic qualifications. 'This provides us with a clear picture of Sabah's current agricultural profile. It also underscores the urgency to craft targeted and inclusive policies that will attract younger generations to participate in this sector,' Jeffrey said. The Interim Report on Agricultural Labour revealed that 325,805 individuals are involved in agricultural activities across the state. This figure comprises 136,030 active owners and partners, 160,415 salaried workers and 28,676 unpaid family workers. In terms of cultivated land, Sabah recorded 1.782 million hectares in 2023. Of this, 1.574 million hectares or 88.3 per cent were harvested areas, mostly under corporate agricultural holdings, particularly in oil palm plantations. The sector also contributed significantly to Sabah's economy, recording total sales of RM25.06 billion in 2023. Organisational or corporate agricultural holdings contributed the lion's share at 81.5 per cent, while individual holdings accounted for 18.5 per cent. The crops sub-sector contributed 82 per cent of total sales, followed by livestock (7.9 per cent), capture fisheries (5.9 per cent), forestry and logging (3.0 per cent) and aquaculture (1.1 per cent). Sabah remains among the top contributors to the nation's agricultural performance. It accounts for 17.4 per cent of national crop sub-sector sales, ranking within the top four states. For capture fisheries, Sabah is among the top three contributors with 13.8 per cent, while forestry and logging contributed 19.6 per cent of the national output. At the district level, Keningau recorded the highest number of individual agricultural holdings in Sabah with 14,100, followed by Ranau (12,862) and Kota Marudu (12,627). In terms of sales value, Kinabatangan led with RM4.15 billion, followed by Tawau (RM3.93 billion) and Lahad Datu (RM3.50 billion). Meanwhile, Uzir said that DOSM has published 15 Interim Reports of the 2024 Agriculture Census at the national level, detailing statistics for the overall agricultural sector and five specific sub-sectors, crops (both agri-commodity and agro-food), livestock, fisheries, aquaculture and forestry and logging. Additionally, 14 more detailed reports have been released covering specific commodities and sectors including oil palm, rubber, paddy, pineapple, kenaf, cocoa, pepper, fruits, vegetables, other crops, livestock, fisheries, aquaculture and forestry and logging. Uzir also stressed the importance of integrated digital data management in agriculture. DOSM has developed TaniStats, an integrated digital platform combining data from the 2024 Census, upstream and downstream sector statistics, food security indicators, the MyAgroPrice dashboard, and other agricultural data sources. He emphasised the need for inter-agency cooperation to keep the system updated and fully utilised. Looking ahead, besides conducting the Agriculture Census every 10 years, DOSM plans to introduce short-term agricultural surveys starting in 2026 to ensure statistics remain relevant and responsive to current trends. In the context of regional leadership, Malaysia will chair the 15th ASEAN Community Statistical System Committee (ACSS15) in 2025 to further strengthen regional statistical cooperation for sustainable development. On the international front, Malaysia has achieved a milestone by ranking first globally in the Open Data Inventory (ODIN) 2024/25 report, surpassing 198 other countries, a significant leap from its 67th position in 2022/23. In line with this achievement, the government has declared October 20 as National Statistics Day (MyStats Day), themed 'Statistics: The Pulse of Life'. The Fourth World Statistics Day will also be celebrated on October 20, 2025, themed 'Driving Change with Quality Statistics and Data for Everyone.' Public access to data is available through OpenDOSM NextGen, a digital platform offering data catalogues and visualisations, accessible at
