KUALA LUMPUR : Malaysia’s current account surplus widened to 15.2 billion ringgit ($3.63 billion) in the fourth quarter, from 11.6 billion ringgit in the third quarter, the Department of Statistics said on Friday. Portfolio investment saw a net inflow of 2.8 billion ringgit, compared with an outflow of 4.3 billion ringgit in the previous quarter. […]
Read MoreBy Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s economy returned to growth in the fourth quarter of last year, as coronavirus curbs were lifted and economic activity resumed. Gross domestic product rose 3.6% in the October-December period, the central bank said on Friday, faster than the 3.3% rise forecast in a […]
Read MoreKUALA LUMPUR (Feb 11): Bank Negara Malaysia (BNM) governer Tan Sri Nor Shamsiah Mohd Yunus said on Friday (Feb 11) that the nation is “nowhere near” the risk of very-high inflation — because upward consumer price pressure had mainly been due to Covid-19-pandemic-driven supply-chain disruptions — as demand recovers in tandem with improving economic conditions […]
Read MoreKUALA LUMPUR, Feb 11 — The ringgit opened lower against the US dollar today as negative sentiment clouded demand for the local currency, an analyst said. At 9am, the local currency stood at 4.1870/1900 versus the greenback from Thursday’s close of 4.1825/1840. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit traded easier in the early session due […]
Read MorePETALING JAYA: The local labour market is expected to continue on its recovery path this year based on recent trends. This is premised on expectations that vaccination rates will continue to stay high and effective which will likely help keep Covid-19 under control. TA Research said it is expecting the jobless rate to trend lower […]
Read MorePETALING JAYA: Consumer spending in Malaysia is set to stay on an upward trajectory this year, underpinned by significantly high vaccination rate, improving labour market, fiscal incentives and stable inflationary pressure. MIDF Research said it expects private consumption and the services sector to contribute positively towards gross domestic product in the fourth quarter (Q4) of […]
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