Tag: DOSM

Crude oil, condensate production drops 5.5 percent to 43 million barrels – DOSM

KUALA LUMPUR,JUNE 5 -- Crude oil and condensate production recorded a year-on-year decrease of 5.5 percent to 43 million barrels in the first quarter of 2026 (Q1 2026) compared to 45.5 million barrels for the same period last year. Chief Statistician Datuk Seri Mohd Uzir Mahidin said the decline was due to a reduction in crude oil production, which contracted by 9.4 percent to 28.1 million barrels from 31.5 million barrels previously. "However, condensate production showed growth of 3.0 percent to 14.9 million barrels compared to 14.4 million barrels in the first quarter of 2025," he said in a statement today. The Department of Statistics Malaysia (DOSM) today released Petroleum and Natural Gas Mining Statistics for the First Quarter of 2026. In terms of composition, crude oil accounted for 65.4 percent of total condensate and crude oil production, while condensate accounted for 34.6 percent. Meanwhile, natural gas recorded production of 765.8 billion cubic feet, a decrease of 2.1 percent compared to a decrease of 1.0 percent in the previous quarter. However, monthly performance for the first quarter of 2026 showed a higher rate of change in March compared to the previous two months. Regarding foreign trade performance, Mohd Uzir said the export value of crude petroleum and condensate declined to RM5.2 billion in the first quarter of 2026, down from RM6.1 billion in the previous quarter. This decline is in line with refined petroleum production exports, which recorded a marginal decrease to RM22.9 billion compared to RM23.9 billion in the previous quarter. At the same time, liquefied natural gas (LNG) exports also recorded a decrease to RM12.9 billion this quarter compared to RM13.6 billion in the previous quarter. Regarding imports of crude petroleum and condensate, Mohd Uzir said it recorded a decrease to RM7.3 billion in the first quarter of 2026 compared to RM11.5 billion in the previous quarter. Imports of refined petroleum products also recorded a decline to RM22.3 billion compared to RM22.8 billion in the fourth quarter of 2025. "Meanwhile, LNG imports also decreased to RM1.3 billion compared to RM1.6 billion recorded in the previous quarter," added Mohd Uzir. -- BERNAMA

KUALA LUMPUR,JUNE 5 — Crude oil and condensate production recorded a year-on-year decrease of 5.5 percent to 43 million barrels in the first quarter of 2026 (Q1 2026) compared to 45.5 million barrels for the same period last year. Chief Statistician Datuk Seri Mohd Uzir Mahidin said the decline was due to a reduction in […]

Malaysia’s unemployment rate to remain stable at 2.9 percent in March 2026 – DOSM

PUTRAJAYA, 12 MAY -- Malaysia's labour market remained stable in March 2026 with the unemployment rate unchanged at 2.9 percent, supported by continued employment growth and labour force participation, according to the Malaysian Labour Force Statistics, March and First Quarter 2026 released by the Department of Statistics Malaysia (DOSM). Chief Statistician Datuk Seri Mohd Uzir Mahidin said the positive economic outlook throughout the month allowed the country's labour market to maintain stable growth momentum. "The labour force increased by 0.1 percent to 17.31 million people in March 2026 compared to 17.30 million people in February, while the labour force participation rate (LPFR) remained at 70.9 percent," he said in a statement today. Mohd Uzir said the number of employed people also increased by 0.1 percent to 16.80 million people, compared to 16.79 million recorded in the previous month. At the same time, he said the number of unemployed recorded a slight increase of 0.4 percent to 509,000 people compared to 506,800 people in February, thus leaving the unemployment rate unchanged at 2.9 percent. The Chief Statistician said the workers category comprised the largest share of total employment at 75 percent, with a slight increase to 12.60 million people in March compared to 12.59 million previously. "At the same time, the number of self-employed also recorded an increase of 0.3 percent to 3.14 million people compared to 3.13 million in February," he said. Mohd Uzir said the services sector remained the main contributor to employment growth, particularly in accommodation activities as well as food and beverage services, information and communication, as well as transportation and storage activities. "The manufacturing, construction and agriculture sectors also recorded an increase in employment, while the mining and quarrying sectors recorded a slight decrease," he said. Regarding unemployment, Mohd Uzir said the actively unemployed are defined as those who are ready to work and actively looking for work, comprising 79.7 percent of the total unemployed, increasing by 0.3 percent to 405,800 people in March compared to February's 404,700 people. At the state level, Mohd Uzir said the Federal Territory of Putrajaya recorded the lowest unemployment rate at 1.3 percent, followed by Pahang at 1.9 percent, while Selangor and Melaka each recorded two percent. He said the Federal Territory of Putrajaya also recorded the highest KPTB at 79.2 percent, followed by Selangor at 78 percent and WP Kuala Lumpur at 76 percent. Going forward, Mohd Uzir said the Malaysian labour market is expected to remain stable, supported by strong domestic fundamentals and ongoing structural transformation. "However, growth is expected to be more moderate and increasingly influenced by external developments, particularly the direction of the global energy crisis and the geopolitical situation." "In this regard, businesses and the workforce need to be resilient in navigating a more dynamic and uncertain economic environment," he said.

PUTRAJAYA, 12 MAY — Malaysia’s labour market remained stable in March 2026 with the unemployment rate unchanged at 2.9 percent, supported by continued employment growth and labour force participation, according to the Malaysian Labour Force Statistics, March and First Quarter 2026 released by the Department of Statistics Malaysia (DOSM). Chief Statistician Datuk Seri Mohd Uzir […]

DOSM Expands Economic Census 2026 To Medium, Large Companies

JELI, May 9 2026 — The Department of Statistics Malaysia (DOSM) has entered the second phase of the Economic Census 2026 nationwide, covering medium- and large-sized companies, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said. He said more than 500,000 census coverage exercises have been carried out so far across 35 key sectors, including […]