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The Star
13-05-2025
- Business
- The Star
Malaysia's services sector up 6% y-o-y in 1Q25
KUALA LUMPUR: Malaysia's services sector grew by 6.0 per cent year-on-year in the first quarter of 2025 (1Q 2025), reaching RM630 billion in revenue, according to the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was supported by positive performance across all segments of the services sector such as the wholesale and retail trade, food and beverages, as well as the accommodation segment recorded an increase of RM24.2 billion or 5.3 per cent, reaching RM475.7 billion. "This robust expansion was driven by higher consumer spending and a rise in domestic travel, spurred by seasonal events such as Chinese New Year celebrations, preparations for Ramadan and Aidilfitri, as well as the reopening of the school year. "Additionally, a 31.3 per cent year-on-year (y-o-y) increase in international arrivals, reaching 6.7 million in the first two months of this year, further bolstered this growth,' he said in a statement today. Mohd Uzir said the services sector's performance was further supported by notable growth in the information and communication as well as transportation and storage segments, which expanded by 5.9 per cent y-o-y to reach RM87.9 billion in the first quarter. He said the information and communication subsector recorded a growth of 3.3 per cent, driven primarily by telecommunications activity, which rose by 3.8 per cent and contributed 63.5 per cent to the total value of the subsector. "This growth trend is in line with the increasing demand for digital connectivity and data services, reflecting the ongoing digitalisation efforts across industries and greater reliance on telecommunication services,' he said. Besides, the chief statistician reported that Malaysia's e-Commerce income for the first quarter hit RM310.6 billion, marking a 3.4 per cent y-o-y increase, primarily driven by a 6.0 per cent rise in the services sector. "This growth highlights the continued expansion of e-commerce in supporting services output and consumer activity. "The total number of persons engaged in this sector stands at 4.5 million, an increase of 1.9 per cent year-on-year. This growth was led by the transport and storage subsector which saw an increase of 3.5 per cent, followed by the wholesale and retail trade subsector which grew by 2.4 per cent,' he noted. Meanwhile, total salaries and wages increased by 4.1 per cent y-o-y to register RM33.6 billion. The increment was attributed to the wholesale and retail trade as well as the transportation and storage subsectors which rose 3.9 per cent and 4.8 per cent respectively. In conclusion, Malaysia's progression toward a high-value, knowledge-based economy continues to be underpinned by the services sector, which remains a key driver of national growth. "Sustained by resilient consumer demand and accelerated digitalisation, strategic focus on tourism development, technological innovation, and business facilitation will be instrumental in maintaining growth momentum and strengthening Malaysia's position as a competitive and forward-looking economic hub in the region,' he added. - Bernama
New Straits Times
13-05-2025
- Business
- New Straits Times
Malaysia's services sector up 6pct year-on-year in Q1
KUALA LUMPUR: Malaysia's services sector grew by 6.0 per cent year-on-year in the first quarter of 2025 (1Q 2025), reaching RM630 billion in revenue, according to the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was supported by positive performance across all segments of the services sector such as the wholesale and retail trade, food and beverages, as well as the accommodation segment recorded an increase of RM24.2 billion or 5.3 per cent, reaching RM475.7 billion. "This robust expansion was driven by higher consumer spending and a rise in domestic travel, spurred by seasonal events such as Chinese New Year celebrations, preparations for Ramadan and Aidilfitri, as well as the reopening of the school year. "Additionally, a 31.3 per cent year-on-year (y-o-y) increase in international arrivals, reaching 6.7 million in the first two months of this year, further bolstered this growth," he said in a statement today. Mohd Uzir said the services sector's performance was further supported by notable growth in the information and communication as well as transportation and storage segments, which expanded by 5.9 per cent y-o-y to reach RM87.9 billion in the first quarter. He said the information and communication subsector recorded a growth of 3.3 per cent, driven primarily by telecommunications activity, which rose by 3.8 per cent and contributed 63.5 per cent to the total value of the subsector. "This growth trend is in line with the increasing demand for digital connectivity and data services, reflecting the ongoing digitalisation efforts across industries and greater reliance on telecommunication services," he said. Besides, the chief statistician reported that Malaysia's e-Commerce income for the first quarter hit RM310.6 billion, marking a 3.4 per cent y-o-y increase, primarily driven by a 6.0 per cent rise in the services sector. "This growth highlights the continued expansion of e-commerce in supporting services output and consumer activity. "The total number of persons engaged in this sector stands at 4.5 million, an increase of 1.9 per cent year-on-year. This growth was led by the transport and storage subsector which saw an increase of 3.5 per cent, followed by the wholesale and retail trade subsector which grew by 2.4 per cent," he noted. Meanwhile, total salaries and wages increased by 4.1 per cent y-o-y to register RM33.6 billion. The increment was attributed to the wholesale and retail trade as well as the transportation and storage subsectors which rose 3.9 per cent and 4.8 per cent respectively. In conclusion, Malaysia's progression toward a high-value, knowledge-based economy continues to be underpinned by the services sector, which remains a key driver of national growth. "Sustained by resilient consumer demand and accelerated digitalisation, strategic focus on tourism development, technological innovation, and business facilitation will be instrumental in maintaining growth momentum and strengthening Malaysia's position as a competitive and forward-looking economic hub in the region," he added.
Daily Express
22-04-2025
- Daily Express
RM24.2 million fixed deposit fraud: Eight submit representation letters to AGC
Published on: Tuesday, April 22, 2025 Published on: Tue, Apr 22, 2025 By: Jo Ann Mool Text Size: The case was fixed for mention on Monday, for the parties to update the court on the status of the representations submitted by the accused. Kota Kinabalu: Eight of the 10 individuals, including two bank managers, charged with being members of an organised crime group linked to fraudulent withdrawal of RM24.2 million from fixed deposit accounts, have submitted letters of representation to the Attorney-General's Chambers (AGC) regarding the case. Deputy Public Prosecutor Datuk Nazran Mohd Sham informed High Court Judge Datuk Duncan Sikodol on Monday that the prosecution had received representations from eight accused persons, namely Josepin J. Langkan, Leong Hin Ping, Vireonis Jonok, Hasran Magin, Subramaniam Thangavelu, Sugumaran K. Ponniah, Mazlani Jenuary and Nasir Abdul Rasid. Nazran said that the eight had submitted representations for the charges to be reviewed. As for the other two remaining accused persons, Nazran said they are considering submitting representation letters as well. The two are Iren Chin Nyuk Thien and Christina @ Caroline Pianus Etip. The case was fixed for mention on Monday, for the parties to update the court on the status of the representations submitted by the accused. The 10 were separately charged with being members of an organised crime group involved in serious offences for the material benefit of the group led by Josepin J. Langkan between April 26, 2024 and July 10 the same year at the MBSB branch, here. They are contractor Josepin J. Langkan, 38; Subramaniam Thangavelu, 56, a teacher; Nasir Abdul Rasid, 60, a pensioner; Iren Chin Nyuk Thien, 38, and Christina @ Caroline Pianus Etip, 53, both branch bank managers; Sugumaran K. Ponniah, 56, a self-employed; Vireonis Jonok, 35, an unemployed; Leong Hin Ping, 62, a pensioner; Hasran Magin, 46, a fisherman; and Mazlani Jenuary, 53, an unemployed. The charges stated that Josepin allegedly committed the crime between April 26 and June 17, Subramaniam (between May 9 and July 4), Nasir (between April 26, and July 1), Chin (between April 26, and June 13), Christina (between May 9 and June 17), Sugumaran (between May 17 and July 3), Vireonis (between June 5 and June 26), Leong (between April 26 and July 10), Hasran (between April 26 and June 1) and Mazlani (between April 26 and July 4). The 10, on Nov 7, 2024, claimed trial to the charge under Section 130V(1) of the Penal Code, which carries a jail term of between five and 20 years, on conviction. Duncan fixed May 27 and June 5 for mention to update the court on the representations by the accused. The court also directed that the trial date previously set for May 13-15 be vacated. Josepin, Leong and Vireonis were represented by counsel Hairul V Othman and Luke Ressa Balang; Subramaniam was represented by counsel Datuk Ram Singh and Prem Elmer Ganasan; Sugumaran, Nasir and Mazlani were defended by counsel Dominic Chew and Ariel Dasan; Chin was represented by counsel Mohd Al Hafidz Mohd Lokman and Luqman Syazwan Zabidi; Christina was represented by counsel Arthur and Hasran was represented by counsel Azhier Farhan. All accused, except Chin and Vireonis, were ordered to be remanded further. Chin and Vireonis were released on extended court bail. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * 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
21-04-2025
- Borneo Post
Prosecution receives representations from eight accused in RM24.2 million fraud case
KOTA KINABALU (April 21): The prosecution has received representations from eight of the ten individuals accused of fraudulently withdrawing RM24.2 million from fixed deposit accounts, the High Court was told today. Deputy public prosecutor Datuk Nazran Mohd Sham informed High Court judge Datuk Duncan Sikodol that the remaining two accused are still considering whether to submit similar representations. The eight who submitted representations are Josepin J. Langkan, Leong Hin Ping, Vireonis Jonok, Hasran Magin, Subramaniam Thangavelu, Sugumaran K. Ponniah, Mazlani Jenuary and Nasir Abdul Rasid. The other two — Iren Chin Nyuk Thien and Christina @ Caroline Pianus Etip — have yet to decide. All ten were charged under Section 130V(1) of the Penal Code for allegedly being part of an organised criminal group that committed serious offences for material gain between April 26 and July 10, 2024 at an MBSB branch here. They face five to 20 years in prison if convicted. The group includes a contractor, a teacher, two pensioners, two bank managers, a self-employed individual, two unemployed persons and a fisherman. Judge Duncan set May 27 and June 5 for further updates on the representations and vacated the trial dates originally scheduled for May 13 to 15.
