THE recovery theme was well in play even before Malaysia began its transition to the endemic phase of Covid-19 on April 1 because markets traditionally move ahead of the economy and financial results by at least six months. Some stocks began to rally in the early part of the year as investors anticipated that they would benefit from the reopening of borders. While some companies have continued to gain after the reopening of all economic sectors, profit-taking has had an effect on some stocks despite turning in a better financial performance year on year.
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From weather-related calamities to the mat rempit menace, the people of Penang and Kedah had much to grapple with in 2022. Fortunately, the return of the bridge marathon and year-end football fever provided solace.
As Malaysia transitions to the endemic phase of Covid-19, signs of economic recovery and growth have been apparent. According to the Knight Frank 1H2022 Real Estate Highlights report, the economy grew 5%, primarily supported by improved domestic and external demand, as well as continued policy support. Malaysia began moving to the endemic phase on April 1 this year, leading to the normalisation of economic activities.
Organizers of the China Import and Export Fair, also known as the Canton Fair, have launched a supply and purchase matchmaking event for leading multinational enterprises in order to help Chinese export-oriented businesses better make deals with global buyers.