KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and its Islamic banking unit OCBC Al-Amin Bank Bhd will increase their standardised base rate (SBR), base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25% from May 10, 2023. The bank said in a statement all loan and financing rates based on SBR, BR, […]
Read MoreKUALA LUMPUR, May 8 — Malaysia’s services producer price index (SPPI) rose 3.4 per cent year-on-year (y-o-y) to 114.7 points in the first quarter of 2023 (1Q 2023) from 110.9 in the same quarter last year as most subsectors recorded an increase of prices during the quarter under review. Chief statistician Datuk Seri Mohd Uzir […]
Read MorePETALING JAYA: Malaysia should expect another overnight policy rate (OPR) hike coming ahead for the economic sector due to inflation, says Hong Leong Investment Bank (HLIB) Research. Despite the ongoing banking stress, it is expected that the federal government will deliver another interest rate increase as inflation remains stubbornly high. HLIB Research also foresees that […]
Read MoreKUALA LUMPUR: The minimum wage rate in the country should be increased to balance the people’s income with the current high cost of living, said Sabah Universiti Teknologi Mara (UiTM) senior lecturer in Political Economy, Associate Prof Dr Firdausi Suffian. He said the minimum wage rate should also be increased according to the country’s economic […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector continued to face challenging business conditions in April 2023, with the seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) unchanged at 48.8 in April, according to S&P Global. That said, the index was at its joint-highest level since September last year, suggesting a tentative recovery in operating conditions […]
Read MorePETALING JAYA: Malaysia’s total trade is expected to register slower growth in the second quarter of 2023, as global economic uncertainties continue to persist. Centre for Market Education chief executive officer Carmelo Ferlito said the country needs to diversify its ability to export both in terms of products and markets. “If Malaysia’s exports keep shifting […]
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