The Business Conditions Survey was first mounted in the second quarter of 1987 to provide input for the Institute's economic forecasting activity. It is conducted on a quarterly basis to assist in assessing the short-term outlook for the economy..... Read more
Business Conditions Index
- BCI surged upward to 113.0 points
- Manufacturing sales increase
- Strong domestic demand and rise in export orders
- Production output on a positive mode
- Higher investment in new plant and equipment
Consumer Sentiments Index
- CSI scrapes past 100-point benchmark to 100.1
- Current household income stable but improving
- Employment expectations firm
- Jitters over higher prices grow
- Spending plans yawn, especially housing
Malaysian Economic Outlook
Malaysia is on track to achieve the goals of high income and developed nation status by the year 2020. While macroeconomic targets, especially GNI per capita at USD15,000 and 3.3 million new jobs are expected to be within reach, the graduation process to be a fully developed and inclusive nation would take a while longer than envisaged, if corrective actions are not vigorously pursued. The latter involves a lot more key metrics, encompassing changes in economic landscape, sovereign rating and creditworthiness, development of economic and social institutions and also "soft" infrastructures. These metrics cover both quantitative and qualitative measurements, encompassing social policy and environmental concerns. Achieving high income target at national level is not a stumbling block, especially for resource-rich developing economies, whereby the competent and prudent ones have already surpassed their GNI per capita thresholds. However, these "blessed countries" are still struggling with market imperfections and inequalities, under-developed and incomplete financial markets and of greater important, weak institutions and poor governance. In general, market microstructures, social and ecosystem services need to be strengthened, key institutions for economic and social development improved, and good governance, which is a hallmark of most developed economies, need to be fully incorporated and given a top priority. Most importantly, access to economic opportunities and social protection, especially for the poor and disadvantaged groups needs to be widened, so that they can really protect themselves. Core labour standards also need to be improved, covering those in the informal sector, including migrant workers. At the macroeconomic policy level, well-established rules and procedures need to be observed, while "discretions" constrained, especially those that invite greater public scrutiny, such as wasteful government spending, directed development projects, corporate sector tax avoidance and discounts, among others. Development projects need intensive project appraisals, identifying both costs and benefits to the society as well as who are the gainers and losers, and enhanced with rigorous risk analysis. Cost-benefit analyses (CBA) are mandated legislative requirements in most developed economies, while ironically Malaysia has almost abandoned it long time ago. Without fail, rakyat are asking about development project beneficiaries, substantial cost escalation and environmental degradation.
Articles are in pdf format and are available for download.
|Plugging into the Global Grid & A Tale of Two Trade Agreements - RCEP & TPP|
23 September 2013 - Samirul Ariff bin Othman
|Hate it or love it, minimum wage is good|
21 May 2012 - Quah Boon Huat
|Made In China: Much Ado About Nothing?|
7 May 2012 - Samirul Ariff bin Othman
|What has our grandchildren got to do with corruption?|
17 December 2011 - Quah Boon Huat
See the full list of newspaper articles here
Presentations are in pdf format and are available for download.
29th National Economic Briefing: 22 July 2014
Press Conference on the 29th National Economic Briefing
Dr Zakariah Abdul Rashid
See the full list of our presentations here
The Malaysian Institute of Economic Research (MIER) undertakes independent and high quality problem-oriented research on economic, financial and business issues facing the country and provides advice on macroeconomic management, development and future economic perspectives.... Read more
here for the full events page.
Department of Statistics, Malaysia (DOS)
Economic Planning Unit (EPU)
Ministry of International Trade & Industry Malaysia (MITI)
Securities Commission Malaysia (SC)
Ministry of Finance, Malaysia
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Publications form an important activity of MIER with its dual aims of publicising the work of MIER to the public and fellow researchers, and disseminating its research findings of the Institute. These publications are distributed among professional researchers and interested individuals and through exchange between MIER and other research institutes and libraries. They fall into the following categories: monthly reports, quarterly reports, discussion papers, conference proceedings, monographs and research reports.
Available publications published by the Institute since 1986 are listed in a brochure, which is updated bi-annually and circulated widely. Copies of these publications are sold during various conferences and seminars organised by MIER as well as through subscription sales and appointed distributors.
The Survey of Business Conditions and the Survey of Consumer Sentiments are regular publications, which are released quarterly and are available on a subscription basis. The Malaysian Economic Outlook is published twice a year in June and December with two supplements in April and October. The December issue presents the new two-year forecasts, which are revised in the subsequent issues. The December issue also includes the annual revision of the long-range forecast of the Malaysian economy.... Read more
Welcome to the new MIER website, launched on the 1st of April 2009. There still may be slight errors in this site but we will be updating regularly. We hope this website will allow us to provide the public with more news and views from MIER. Please email Kala if you have any suggestions about this website. Thank you. ... Read more