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PETALING JAYA: After a 19% decline in sales on a month-on-month basis in May, total industry volume (TIV) for the auto sector is expected to take an even steeper dive this month as most car showrooms and production centres are closed due to MCO 3.0.
PETALING JAYA: The combination of rising raw material prices and chip shortage, which is having an impact on global car prices, could affect the Malaysian automotive industry if the situation worsens.
KUALA LUMPUR: Vehicle sales doubled in May this year to 46, 663 units from 23, 366 units a year ago but the Malaysian Automotive Association (MAA) expects minimal sales in June due to the current four-week lockdown.
KUALA LUMPUR: Proton Holdings Bhd exported 669 cars to overseas distributors, the highest in 98 months since March 2013, with new market Pakistan being the best performer, while it plans to return to Thailand and Indonesia.
KUALA LUMPUR: The UMW Group recorded automotive sales of 25, 568 units in May, more than doubled the 11, 342 units registered a year ago during the Movement Control Order or MCO 1.0.
KUALA LUMPUR: AmInvestment Bank Research remains cautious on the property sector amid ongoing headwinds brought on by the pandemic and elevated home prices.
The aerospace industry, oil & gas, manufacturing and electrical & electronics (E&E) sectors have been allowed to operate during the full lockdown from June 1 to 14 as they are crucial to the economy, the Ministry of Finance (MoF) says.
GEORGE TOWN: Oriental Holdings Bhd (OHB) will continue to expand its automotive, plantation and retail pharmacy segments which will provide long-term income stream for the diversified group.