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May Mobility เลือกโซลูชัน Cocoon LiDAR ของ LeddarTech สำหรับรถรับส่งอัตโนมัติไร้คนขับ

Cocoon LiDAR แบบโซลิดสเตทของ LeddarTech ได้พิสูจน์แล้วว่าเป็นเทคโนโลยีที่น่าเชื่อถือที่สุดเนื่องจากยานพาหนะไร้คนขับของ May Mobility ได้นำไปขับจริงบนถนนแล้ว ซึ่งทำให้บริการยานพาหนะไร้คนขับมีความปลอดภัยยิ่งขึ้น

ควิเบกซิตี 08 พฤษภาคม 2019, May 10, 2019 (GLOBE NEWSWIRE) —  — LeddarTechR ผู้นำในอุตสาหกรรมในด้าน เทคโนโลยี LiDAR สำหรับยานยนต์และยานพาหนะ รู้สึกยินดีที่จะประกาศว่า May Mobility ซึ่งเป็นแนวหน้าในการใช้งานรถรับส่งอัตโนมัติไร้คนขับ ได้เลือกเทคโนโลยี LiDAR ของ LeddarTech เพื่อเพิ่มความปลอดภัยในการใช้งานรถรับส่งอัตโนมัติไร้คนขับ May Mobility ได้พิสูจน์เทคโนโลยีนี้ด้วยการทดลองขับตามสภาพจริงมากกว่า 50,000 ครั้งก่อนเปิดตัวในการผลิตจำนวนมาก

โซลูชัน Cocoon LiDAR แบบโซลิดสเตทของ LeddarTech ได้รับการออกแบบมาเพื่อสร้างพื้นที่แวดล้อม 360 องศาที่สมบูรณ์และมอบความปลอดภัยเกี่ยวกับการป้องกันการชนในแอปพลิเคชันรถรับส่งอัตโนมัติไร้คนขับในระดับที่สูงขึ้น ขับเคลื่อนโดยเทคโนโลยี LeddarTM โซลูชัน LiDAR ที่เลือกสรรนี้จะมอบความสมดุลที่ยอดเยี่ยมระหว่างประสิทธิภาพและความคุ้มค่าที่จำเป็นในการให้บริการยานพาหนะไร้คนขับเชิงพาณิชย์ที่ประสบความสำเร็จ เทคโนโลยีที่สมบูรณ์ของ LeddarTech และทีมสนับสนุนที่มีประสบการณ์ยังมอบการบูรณาการ การพัฒนา และเวลาการออกสู่ตลาดที่เร็วขึ้นด้วยต้นทุนและความเสี่ยงที่น้อยกว่า

May Mobility รวมเทคโนโลยีการตรวจจับหลายอย่างไว้ในรถรับส่งอัตโนมัติของพวกเขา ซึ่งรวมถึง LiDAR, เรดาร์ และกล้อง เซ็นเซอร์เหล่านี้เป็นสิ่งที่ช่วยให้รถรับส่งทำงานได้แบบไร้คนขับโดยสมบูรณ์ “เราพึ่งพาการผสมผสานของเทคโนโลยีการตรวจจับที่ดีที่สุดที่มีอยู่ในตลาดปัจจุบันเพื่อให้แน่ใจว่าคุณจะมีรถรับส่งอัตโนมัติไร้คนขับที่ปลอดภัยและน่าเชื่อถือที่สุดสำหรับผู้โดยสารที่ให้บริการ” Steve Vozar ประธานเจ้าหน้าที่ด้านเทคโนโลยีของ May Mobility กล่าว “ความปลอดภัยคือ DNA หลักของ May Mobility และโซลูชัน Cocoon LiDAR ของ LeddarTech ก็เป็นไปตามข้อกำหนดของเราเพื่อให้แน่ใจว่ายานพาหนะอัตโนมัติไร้คนขับบรรลุความปลอดภัยระดับสูงสุดสำหรับผู้ใช้”

“เรารู้สึกภาคภูมิใจอย่างยิ่งในการประกาศว่า May Mobility ได้เลือกเราเป็นซัพพลายเออร์โซลูชัน LiDAR ที่เชื่อถือได้ และเพื่อสนับสนุนภารกิจของพวกเขาในการทำให้การขนส่งปลอดภัยยิ่งขึ้น” Adrian Pierce รองประธานฝ่ายขายและการพัฒนาธุรกิจทั่วโลกของ LeddarTech กล่าว นาย Pierce กล่าวเสริมว่า “การปรับใช้โซลูชัน LiDAR ของ LeddarTech ในการออกแบบรถรับส่งของ May Mobility แสดงให้เห็นถึงความเป็นผู้นำของเราในเทคโนโลยี LiDAR ที่ LeddarTech ได้สร้างขึ้นด้วยความเชี่ยวชาญที่ผ่านการพิสูจน์มานานกว่าทศวรรษ”

การทำงานร่วมกันระหว่าง LeddarTech และ May Mobility นำมาซึ่งความปลอดภัยที่เพิ่มขึ้นให้กับผู้โดยสารยานพาหนะของ May Mobility ทุกคน และความร่วมมือนี้จะดำเนินต่อไปเพื่อการใช้งานยานพาหนะขนส่งไร้คนขับในอนาคต

เกี่ยวกับ May Mobility

May Mobility สร้างและดำเนินการรถยนต์ไร้คนขับในสภาพแวดล้อมที่มีรูปแบบตายตัว เช่น ย่านธุรกิจ ที่ทำการบริษัท และย่านพัฒนาที่อยู่อาศัยที่หนาแน่น การใช้งานทั่วไปคือยานพาหนะ 10 คันขึ้นไปที่ปฏิบัติงานในพื้นที่ประมาณ 4 ตารางไมล์และมีถนนสาธารณะหรือถนนส่วนตัวที่มีการจำกัดความเร็ว 35 ไมล์ต่อชั่วโมงหรือน้อยกว่า May Mobility ทำงานโดยตรงกับหน่วยงานเทศบาลและ/หรือหน่วยงานเชิงพาณิชย์เพื่อให้บริการแก่ผู้อยู่อาศัยหรือผู้เช่าในพื้นที่ที่เสนอ

เกี่ยวกับ LeddarTechR

LeddarTech เป็นผู้นำด้านอุตสาหกรรมในการมอบแพล็ตฟอร์มการพัฒนา LiDAR สำหรับยานยนต์ที่มีความอเนกประสงค์และขยายขนาดได้มากที่สุดโดยใช้ LeddarEngineTM ที่เป็นเอกลักษณ์ ซึ่งประกอบด้วยชุดของระดับยานยนต์และ SoC ที่ได้รับการรับรองความปลอดภัยด้านการทำงาน ซึ่งทำงานควบคู่กับซอฟต์แวร์การประมวลผลสัญญาณ LeddarSP ที่มีกรรมสิทธิ์ บริษัทเป็นผู้รับผิดชอบในการคิดค้นนวัตกรรมใหม่ๆ ในแอปพลิเคชันตรวจจับระยะไกลที่ทันสมัยด้วยเทคโนโลยีที่มีสิทธิบัตรกว่า 70 รายการ (รอดำเนินการ 20 รายการ) ซึ่งเป็นการเพิ่มขีดความสามารถ ADAS และการขับขี่แบบอัตโนมัติสำหรับรถยนต์

LeddarTech ยังให้บริการตลาดยานพาหนะด้วยโซลูชันโมดูล LiDAR แบบโซลิดสเตทประสิทธิภาพสูงสำหรับรถรับส่งอัตโนมัติไร้คนขับ รถบรรทุก รถโดยสาร รถขนส่งและหุ่นยนต์รถแท็กซี่อีกด้วย

สามารถดูข้อมูลเพิ่มเติมเกี่ยวกับ LeddarTech ได้ที่ www.LeddarTech.com และบน LinkedInTwitterFacebook และ YouTube

ติดต่อ: Daniel Aitken รองประธานฝ่ายการตลาดและการสื่อสารของ LeddarTech
โทร: +1-418-653-9000 ต่อ 232 Daniel.Aitken@Leddartech.com

โลโก้ Leddar, LeddarTech และ LeddarTech เป็นเครื่องหมายการค้าหรือเครื่องหมายการค้าจดทะเบียนของ LeddarTech Inc. แบรนด์ ชื่อผลิตภัณฑ์และเครื่องหมายต่างๆ ทั้งหมด เป็นหรืออาจเป็นเครื่องหมายการค้าที่ใช้เพื่อระบุถึงผลิตภัณฑ์หรือบริการต่างๆ ของเจ้าของที่เกี่ยวข้อง

Compart Systems to Acquire Alpha Precision & Engineering

Platinum Equity Portfolio Company to Expand Footprint with Add-On of Malaysian Precision Manufacturing Business

LOS ANGELES, May 10, 2019 (GLOBE NEWSWIRE) — Compart Systems, a portfolio company of Platinum Equity, announced today it has signed a definitive agreement to acquire Alpha Precision Turning & Engineering. Financial terms were not disclosed. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to during Q2 2019.

Compart is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related components, for semiconductor, medical equipment and other industries.  Founded in 1985, Alpha is a precision machining company with three manufacturing plants in Kulim, Malaysia.

Jacob Kotzubei, the partner in Platinum Equity’s Los Angeles headquarters who oversees the firm’s Singapore-based team, said Compart and Alpha are highly complementary businesses.

“Alpha will help diversify Compart’s revenue with increased exposure to new end markets, add scale, and expand the company’s footprint into Malaysia,” said Mr. Kotzubei. “Both companies share a commitment to the highest possible quality standards and will each benefit from working together.”

Alpha Founder Lim Tham Cheng, who will remain a minority investor in the business, said the prospective combination with Compart is the right move for the company.

“Joining forces with Compart will be good for our customers and support the long-term growth of our business,” said Mr. Lim.  “Compart will be a strong and committed partner and will help create new opportunities, particularly in aerospace and other end-markets. Our customers will benefit from our expanded capabilities and access to additional technology solutions.”

Soo Jin Goh, Principal at Platinum Equity and head of the firm’s Singapore-based investment team, said the add-on acquisition will open up new opportunities for Compart and its customers.

“Compart will be better positioned to meet the needs of diverse, multi-national corporations that need high-quality manufacturing partners in Asia,” said Mr. Goh.  “We will continue looking for new opportunities to expand the company’s product offering and geographic reach, both organically and through additional acquisitions.”

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 23 years Platinum Equity has completed more than 250 acquisitions.

Contact:

Dan Whelan, Platinum Equity
(310) 282-9202
dwhelan@platinumequity.com

Compart Systems to Acquire Alpha Precision & Engineering

Platinum Equity Portfolio Company to Expand Footprint with Add-On of Malaysian Precision Manufacturing Business

LOS ANGELES, May 10, 2019 (GLOBE NEWSWIRE) — Compart Systems, a portfolio company of Platinum Equity, announced today it has signed a definitive agreement to acquire Alpha Precision Turning & Engineering. Financial terms were not disclosed. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to during Q2 2019.

Compart is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related components, for semiconductor, medical equipment and other industries.  Founded in 1985, Alpha is a precision machining company with three manufacturing plants in Kulim, Malaysia.

Jacob Kotzubei, the partner in Platinum Equity’s Los Angeles headquarters who oversees the firm’s Singapore-based team, said Compart and Alpha are highly complementary businesses.

“Alpha will help diversify Compart’s revenue with increased exposure to new end markets, add scale, and expand the company’s footprint into Malaysia,” said Mr. Kotzubei. “Both companies share a commitment to the highest possible quality standards and will each benefit from working together.”

Alpha Founder Lim Tham Cheng, who will remain a minority investor in the business, said the prospective combination with Compart is the right move for the company.

“Joining forces with Compart will be good for our customers and support the long-term growth of our business,” said Mr. Lim.  “Compart will be a strong and committed partner and will help create new opportunities, particularly in aerospace and other end-markets. Our customers will benefit from our expanded capabilities and access to additional technology solutions.”

Soo Jin Goh, Principal at Platinum Equity and head of the firm’s Singapore-based investment team, said the add-on acquisition will open up new opportunities for Compart and its customers.

“Compart will be better positioned to meet the needs of diverse, multi-national corporations that need high-quality manufacturing partners in Asia,” said Mr. Goh.  “We will continue looking for new opportunities to expand the company’s product offering and geographic reach, both organically and through additional acquisitions.”

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 23 years Platinum Equity has completed more than 250 acquisitions.

Contact:

Dan Whelan, Platinum Equity
(310) 282-9202
dwhelan@platinumequity.com

WillScot Announces Pricing of $190 Million Tack-On Offering of Senior Secured Notes

BALTIMORE, May 09, 2019 (GLOBE NEWSWIRE) — WillScot Corporation (“WillScot”) (Nasdaq: WSC), the specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that its indirect subsidiary, Williams Scotsman International, Inc. (the “Issuer”), has priced its previously announced tack-on offering (the “Tack-On Offering”) of $190 million in aggregate principal amount of its 6.875% senior secured notes due 2023 (the “New Notes”) at an issue price of 100.250% of the aggregate principal amount of the New Notes plus accrued interest from February 15, 2019. The New Notes will be issued as additional securities under an Indenture, dated August 6, 2018 (as supplemented from time to time, the “Indenture”), pursuant to which the Issuer issued $300,000,000 in aggregate principal amount of its 6.875% Senior Notes due 2023 (the “Existing Notes”) in August 2018. The New Notes and the Existing Notes are intended to be treated as a single class of debt securities under the Indenture, and the New Notes will have identical terms to the Existing Notes, other than with respect to the issue date and issue price.

WillScot intends to use the net proceeds from the Tack-On Offering to repay a portion of outstanding borrowings under its senior secured revolving credit facility, which will be available to be re-borrowed in the future, subject to certain conditions.

The New Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain investors outside the United States in accordance with Regulation S under the Securities Act. The New Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.  This press release does not constitute an offer to sell any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer or sale would be unlawful.

WillScot expects the Tack-On Offering to close on May 14, 2019, subject to customary closing conditions.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Although WillScot believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statement will materialize. Important factors that may affect actual results or outcomes include, among others: our ability to acquire and integrate assets and operations; our ability to achieve planned synergies; our ability to manage

growth and execute our business plan; our estimates of the size of the markets for our products; the rate and degree of market acceptance of our products; the success of other competing modular space and portable storage solutions that exist or may become available; rising costs adversely affecting our profitability (including cost increases resulting from tariffs); potential litigation involving our company; general economic and market conditions impacting demand for our products and services; implementation of tax reform; our ability to implement and maintain an effective system of internal controls; and such other risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ending December 31, 2018 and our Form 10-Q for the quarter ended March 31, 2019). Any forward-looking statement speaks only at the date which it is made, and WillScot disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the Nasdaq stock exchange under the ticker symbol “WSC.” WillScot is the specialty rental services market leader providing innovative modular space and portable storage solutions across North America. It is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its fleet comprises nearly 160,000 modular space and portable storage units managed through its network of over 120 locations.

Contact Information

Investor Inquiries:

Mark Barbalato
investors@willscot.com

Media Inquiries:

Scott Junk
scott.junk@willscot.com

WillScot Announces Pricing of $190 Million Tack-On Offering of Senior Secured Notes

BALTIMORE, May 09, 2019 (GLOBE NEWSWIRE) — WillScot Corporation (“WillScot”) (Nasdaq: WSC), the specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that its indirect subsidiary, Williams Scotsman International, Inc. (the “Issuer”), has priced its previously announced tack-on offering (the “Tack-On Offering”) of $190 million in aggregate principal amount of its 6.875% senior secured notes due 2023 (the “New Notes”) at an issue price of 100.250% of the aggregate principal amount of the New Notes plus accrued interest from February 15, 2019. The New Notes will be issued as additional securities under an Indenture, dated August 6, 2018 (as supplemented from time to time, the “Indenture”), pursuant to which the Issuer issued $300,000,000 in aggregate principal amount of its 6.875% Senior Notes due 2023 (the “Existing Notes”) in August 2018. The New Notes and the Existing Notes are intended to be treated as a single class of debt securities under the Indenture, and the New Notes will have identical terms to the Existing Notes, other than with respect to the issue date and issue price.

WillScot intends to use the net proceeds from the Tack-On Offering to repay a portion of outstanding borrowings under its senior secured revolving credit facility, which will be available to be re-borrowed in the future, subject to certain conditions.

The New Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain investors outside the United States in accordance with Regulation S under the Securities Act. The New Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.  This press release does not constitute an offer to sell any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer or sale would be unlawful.

WillScot expects the Tack-On Offering to close on May 14, 2019, subject to customary closing conditions.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Although WillScot believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that any such forward-looking statement will materialize. Important factors that may affect actual results or outcomes include, among others: our ability to acquire and integrate assets and operations; our ability to achieve planned synergies; our ability to manage

growth and execute our business plan; our estimates of the size of the markets for our products; the rate and degree of market acceptance of our products; the success of other competing modular space and portable storage solutions that exist or may become available; rising costs adversely affecting our profitability (including cost increases resulting from tariffs); potential litigation involving our company; general economic and market conditions impacting demand for our products and services; implementation of tax reform; our ability to implement and maintain an effective system of internal controls; and such other risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ending December 31, 2018 and our Form 10-Q for the quarter ended March 31, 2019). Any forward-looking statement speaks only at the date which it is made, and WillScot disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the Nasdaq stock exchange under the ticker symbol “WSC.” WillScot is the specialty rental services market leader providing innovative modular space and portable storage solutions across North America. It is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its fleet comprises nearly 160,000 modular space and portable storage units managed through its network of over 120 locations.

Contact Information

Investor Inquiries:

Mark Barbalato
investors@willscot.com

Media Inquiries:

Scott Junk
scott.junk@willscot.com

Navigators Announces Second Quarter 2019 Dividend

STAMFORD, Conn., May 09, 2019 (GLOBE NEWSWIRE) — The Navigators Group, Inc. (NASDAQ:NAVG) announced today that its Board of Directors declared a cash dividend of $0.07 per share of common stock for the second quarter of 2019. The dividend will be payable on June 4, 2019 to the Company’s stockholders of record at the close of business on May 20, 2019.

About Navigators
The Navigators Group, Inc. (Nasdaq: NAVG) is a global specialty insurance holding company. We provide customized insurance solutions designed to protect clients from the complex risks they face. For 45 years, Navigators has added value for broker partners and their clients—both in underwriting and in claims—through the depth and quality of our technical and industry expertise. Industries we serve include maritime, construction, energy, environmental, professional services and life sciences. Headquartered in Stamford, Connecticut, Navigators has offices in the United States, the United Kingdom, Continental Europe and Asia.

This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995.  Whenever used in this release, the words “estimate,” “expect,” “believe” or similar expressions are intended to identify such forward-looking statements.  Forward-looking statements are derived from information that we currently have and assumptions that we make. We cannot assure that results that we anticipate will be achieved, since results may differ materially because of known and unknown risks and uncertainties that we face.   Please refer to Navigators’ most recent reports on Forms 10-K and 10-Q and its other filings with the Securities and Exchange Commission for a description of Navigators’ business and the important factors that may affect that business.  Navigators undertakes no obligation to publicly update or revise any forward-looking statement.

Investors
Ciro M. DeFalco
Executive Vice President and Chief Financial Officer
203-905-6343

Media 
Courtney Oldrin
Head of Communications
coldrin@navg.com
203-905-6531

IPI performance to improve in 29 — MIDF Research

KUALA LUMPUR, Malaysia’s industrial production index (IPI) performance is likely to improve in the second half of 2019 (29), underpinned by lower overnight policy rate (OPR) effects, low inflationary pressure, stable domestic demand, positive progression in the construction sector and gradual pick-up in commodity prices.

MIDF Amanah Investment Bank Bhd Research (MIDF Research), in a note today, said based on the latest first quarter 2019 macro performances, it maintained a forecast for the country’s IPI to record a growth of 2.9 per cent for 2019.

“Nevertheless, headwinds from global trade tensions and supply disruption for commodity-based sectors could pose downside risk to the estimate,” it said.

Malaysia’s IPI grew gradually by 1.7 per cent year-on-year (y-o-y) in March 2019, in tandem with the rebound of Malaysia’s external trade in the same month, outpacing market expectation of 2.3 per cent y-o-y.

The IPI growth in March 2019 was mainly attributed to manufacturing and electricity output, while mining contracted at a lesser pace.

MIDF Research also noted that the IPI performances across major and emerging economies moderated in March 2019 due to concerns over trade talks between the US and China, geopolitical stress in Europe, and volatility in global commodity prices.

“Looking ahead, we view global trade activities to stay at a modest pace amid uncertain and directionless trade talks between the two major economic powers,” it said.

On a separate note, the research house reiterated its forecast of Malaysia’s unemployment rate at ab average of 3.3 per cent in 2019.

“The stable labour market is expected to impact positively on the economy, supporting private consumption as it drives the domestic economy through growing consumer optimism.

“We predict the labour market to stay on expansion pace in tandem with industrial and external trade activities,’ it added.

Source: BERNAMA (News Agency)