Welcome to Quantity Surveying and Construction Procurement

Assalamualaikum and dear all,

This blog compliments teaching and learning for courses that I facilitate at the International Islamic University Malaysia (IIUM). The contents serve to further 'connect' students to the 'real world' (quantity surveying, construction procurement and others). In trying to provide current information to students, I will be quoting or reproducing works of others and for this I am grateful. I will indicate clearly the source(s). I hope I will not offend anyone; and many will frequent this blog and benefit from its contents.

Thank you and wassalam.

Prof. Sr. Dr. Khairuddin Abdul Rashid

Sunday, May 31, 2009

The Malaysian economy during the 1st Quarter of 2009. Keywords: construction, contraction, economy, investment

Salam and dear all, The Bank Negara Malaysia has released its first quarterly report on the state of the Malaysian economy. Briefly: 1. The economy, during the 1st Quarter of 2009, contracted by 6.2% (4th Q 2008: +0.1%), 2. Fixed investment declined due to weaker business sentiment. GFCF declined by 10.8% (4th Q 2008: -10.2%), 3. Public sector spending supported growth, 4. Sectoral reports: a) manufacturing declined by 17.6% (4th Q 2008: -8.8%) b) agriculture ditto by 4.3% (ditto: 0.5%) c) mining ditto 5.2% (ditto -5.7%) d) construction positive growth of 0.6% (ditto -1.6%) [increase in office space and high end housing) 5. Inflation (CPI) at 3.7% (4th Q 2008: 5.9%), 6. Average base lending rate of commercial banks 5.53% (end of Dec 2008: 6.48%). The above were taken from the Bank Negara Malaysia's Quarterly Bulletin, First Quarter 2009. For the full report visit http://www.bnm.gov.my/files/publication/qb/2009/Q1/p1.pdf (copy-paste this address). Wassalam.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)