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Malaysia’s manufacturing PMI remains subdued in April

KUALA LUMPUR, May 2 (Xinhua) — The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) was unchanged at 48.8 in April, signaling that business conditions remained challenging for firms.

S&P Global Market Intelligence said in a statement on Tuesday that the index has been at its joint highest level since September last year, suggesting a tentative recovery in operating conditio