Last Updated on: January 2009
The Malaysian Institute of Economic Research was incorporated as a company limited by guarantee on 30 December 1985 and began operations on 2 January 1986. The Institute is governed by a Board of Trustees and guided by an Advisory Panel.
The Institute is an independent, self-financing and non-profit organisation, devoted to economic, financial and business research, and free exchange of ideas. The principal aim of MIER is to serve as a think tank for the government and the private sector. It undertakes 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. MIER therefore serves as the focal point for which both the public and private sectors can seek well-founded advice and analysis on issues relating to economic, financial and business policies. MIER has also taken upon itself the task of educating the Malaysian business community and the public at large on all matters relating to the Malaysian economy.
The Memorandum and Articles of Association of MIER provide for the admission of members to the Institute, initially as Ordinary Corporate members with non-voting rights and later, upon being elected by the Board of Trustees at its discretion, as Full Corporate Members, with voting rights.
Ordinary Corporate membership will entitle you to the following benefits:
The Malaysian Economic Outlook
The Malaysian Economic Outlook is released quarterly to cover the international and domestic economic conditions and projections. This quarterly report presents the forecasts for major macroeconomic variables like real Gross Domestic Product (GDP), inflation, balance of payments, government policies, commodity prices and other important short-term issues. The forecasts take into consideration the two in-house quarterly survey reports on business conditions and consumer sentiments and other developments in the domestic and international environment.
Quarterly Business Conditions Survey Report
The Business Conditions Survey, first mounted in the second quarter of 1987, provides input for the Institute's economic forecasting activity. It is conducted on a quarterly basis to help assess the short-term outlook for the economy. The survey findings are used to supplement official statistics. A Business Conditions Index (BCI) is constructed from the survey results, which gives advance information that permits inferences to be drawn regarding emerging economic trends. The survey covers a sample of over 600 manufacturing businesses incorporated locally and foreign manufacturing concerns operating in Malaysia, covering 11 industries. Questions posed include key determinants such as production level, new order bookings, sales performance, inventory build-up and new job openings. Reports of the survey findings are published two weeks after the end of each quarter.
Quarterly Survey of Consumer Sentiments Report
The Survey of Consumer Sentiments, initiated in January 1988, is a series of surveys conducted quarterly on a sample of over 1,200 households in Peninsular Malaysia to gauge consumer spending trends and sentiments. Consumer behaviour reflects income level and general economic conditions. Together with the business conditions survey, findings of this survey relating to consumer spending are incorporated into MIER's short-term economic outlook report. Respondents are asked about their perceptions on current and expected financial positions and employment outlook. The survey also seeks to uncover general economic conditions such as inflation as seen from the consumers' perspective. Questions relating to their plans to buy houses, new or used cars and other major consumer durable are also asked. A quarterly Consumer Sentiments Index (CSI) is generated from the survey.
Quarterly Automotive Industry Survey Report
The objective of the survey is to track broad trends in the automotive industry in relation to important variables including sales, production, prices and employment. In addition, respondents are also asked what they expect trends to be like in the next quarter. The results of the survey serve as input to MIER's forecasting activity and as an additional source of information to supplement secondary statistical data. Altogether there are 35 firms being sampled and they consist of major producers, assemblers and distributors of passenger cars and commercial vehicles
Quarterly Retail Trade Survey Report
The retail trade survey covers a sample size of 100 firms. This forward-looking survey is conducted on a quarterly basis to shed light on the short-term outlook for the retail business sector. From the survey results, a diffusion index is constructed to provide an idea of the underlying trend in the retail sector. Questions posed cover key areas such as inventory/sales ratio, gross margins, sales prices, expansion plans and new job openings.
Quarterly Residential Property Survey Report
The MIER Residential Property Survey is conducted quarterly, covering a total of 780 housing developers. A random probability sampling technique is used to select the sample. The Residential Property Index (RPI) is constructed based on responses to seven key questions, five of which refer to the current quarter and the other two relate to expectations for the next quarter. Questions posed are on key determinants such as supply, sales, bookings, investment, total unsold units, prices and employment.
Quarterly Tourism Market Survey Report
Using a sample of 900 firms, the Tourism Market Survey Report is conducted on a quarterly basis to provide insights into the short-term outlook for the tourism industry. The survey findings are used to supplement secondary data from hotel operators and tour agencies, based on which inferences are drawn regarding emerging trends in the tourism industry. Questions posed cover areas such as hotel and tour bookings, hotel and tour promotions, employment, prices, capital expenditure and operating costs. The survey results are indexed.
The MIER Monthly Monitor
Beginning September 1997, the Monthly Monitor was added to the Institute's regular publications. The purpose of the monitor is to provide a summary of economic news and updates on Malaysia and the world economy. A statistical table with side comments is also included to provide a quick glance on the recent trend in key economic statistics, in addition to box articles by MIER research staff.
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 extended to global issues as well. 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 very much on the topic. Discussions are livelier, particularly on the more controversial subjects.
Apart from the right to attend and, as the case may be, vote at annual general meeting of the Institute, members are entitled to, at a discounted rate of 20 per cent, to participate in MIER conferences, symposia and seminars, and to purchase all other publications. What is more, telephone access to MIER researchers for clarifications on forecasts and surveys and other related issues is also available.
The fee for new Ordinary Corporate Members shall be RM1,590(inclusive of GST) per annum in the first year. The fee per annum for subsequent years is RM530(inclusive of GST).
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