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The MIER Forecasting Club Since 1986, the Malaysian Institute of Economic Research (MIER) has been helping both the private and public sectors by providing timely and accurate forecasts on the Malaysian economy. Such forecasting information is extremely critical and essential in view of the increasing uncertainty and complexity in the business environment. Given such dynamics and strong challenges ahead, in order to make sound business decisions, you need access to timely, comprehensive and reliable information to give your organisation the competitive edge. Thus, a Forecasting Club was set up with the purpose of meeting your planning needs, and helping you make sound decisions by reducing some of the uncertainties. Another distinguished feature of the Forecasting Club is the involvement of Wharton Econometric Forecasting, Associates (WEFA) through its World Economic Outlook which offers consistent world outlooks designed specifically for business planners. Thus, here is an opportunity for you to draw on the expertise of the WEFA Group, formed from the 1987 merger between Wharton Econometric Forecasting Associates, founded by Professor Lawrence R Klein, the 1980 Nobel laureate in economics, and Chase Econometrics, the independent forecasting subsidiary of the Chase Manhattan Bank, at a relatively low cost. Benefits Membership of the MIER Forecasting Club will entitle you to the following benefits: The World Economic Outlook This report prepared by the Wharton Econometric Forecasting Associates (WEFA), covers the medium-term outlook for both the developing and the developed countries. It is released four times a year. The fourth quarter issue doubles as a World Long-term Report, containing long-term projections and long-term issues. The report consists of the following: Executive Summary - World Outlook Country Outlook - Centrally Planned Economics; China (PRC) Country Outlook - Countries of the Former Soviet Union; Russia The Malaysian Economic Outlook This quarterly report presents the forecasts for major macroeconomic variables like real GDP, inflation, balance of payments, government policies, commodity prices and other important short-term issues. The Business Conditions Survey Report This quarterly survey attempts to capture the short-term trend in the manufacturing sector. It also provides key economic indicators such as production, investment, orders, sales, stock levels, prices and employment in the manufacturing sector. The Report on Consumer Sentiments Survey This quarterly report provides useful insights into the shift in consumer sentiments by taking into account households' perception of the general economic environment, their current and expected financial position, the short-term outlook on employment and prices and also their future expenditure plans. The MIER Monthly Monitor This publication closely tracks short-term developments in the Malaysian economy as well as important external economic happenings. It also provides an update of key economic data. Client Service Telephone access to MIER researchers for discussion on forecasts, surveys and other related issues. National Economic Briefing (NEB) This is a formal, annual meeting held in July each year when the supplements to the annual economic forecasts are presented and discussed in a session attended by chief executives and planners from the private and public sectors. Membership entitles the articipation of not more than one (1) staff member in the above annual event without registration fees. Public Lectures/Brown Bag Seminars Public lectures are given by prominent economists on selected topics. Topics discussed are not merely confined to national financial, economic and business issues but also extend to global issues. The frequency of the lectures is dependent on the availability of speakers visiting the country. Brown Bag Seminars are informal meetings to discuss current economic issues over lunch. Interest shown by the public has been quite varied, depending usually on the topic. Discussions can become quite lively, especially with the more controversial subjects. Others Apart from the right to attend and, as the case may be, vote at annual general meeting of the Institute, members are entitled, at a discounted rate of' 20 per cent, to participate in MIER conferences, symposia and seminars as well as purchase the Institute's publications. Fees The fee for new Forecasting Club Members shall be RM2,500 per annum in the first year (which includes RM1,000 as Full Corporate member with voting rights at the Annual General Meeting). The fee per annum for subsequent years is RM1,500. On-line registration We have an on-line registration form for forecasting club membership here. |