KEY POINTS Malaysia is facing inflationary pressures and the government is putting in place targeted measures to control rising food price, said Malaysia’s domestic trade and consumer affairs minister. Given the global trend, “we are going to be affected by inflation,” Alexander Nanta Linggi, told CNBC “Squawk Box Asia” on Friday. Malaysia’s inflation increased 3.2% […]
Read MoreRHB has maintained its “underweight” call on Malaysia’s plantation sector with Indian palm oil demand likely to moderate as crude palm oil (CPO) prices remain high and India ramps up its own oilseed production, dampening import demand. In a report on Wednesday (Jan 26), the brokerage said that the Malaysian Palm Oil Council (MPOC) expects […]
Read MoreRising building material prices can pose challenges to the recovery of the property sector in Malaysia this year. According to experts, house prices may go up as a result of costlier building material prices, as developers pass the cost to buyers. “We expect that the property market will do better than the past two years, […]
Read MoreKUALA LUMPUR (Jan 21): Malaysia’s inflation, as measured by the Consumer Price Index (CPI), increased 3.2% in December 2021 from a year earlier mainly due to the rise in food and fuel prices and on base effect, the Department of Statistics Malaysia (DOSM) said on Friday (Jan 21). The CPI’s 3.2% year-on-year increase in December […]
Read MoreKUALA LUMPUR (Jan 24): Fitch Solutions Country Risk and Industry Research said Monday (Jan 24) that it continued to expect Bank Negara Malaysia (BNM) to hike its overnight policy rate (OPR) by 50 basis points to 2.25% in 2022, in order to rebuild policy buffers and maintain ringgit stability. The affiliate of Fitch Ratings Inc said […]
Read MoreKUALA LUMPUR: The ringgit opened flat against the US dollar today as investors opted for a wait-and-see attitude on the latest economic assessment by the US Federal Open Market Committee (FOMC) meeting, an analyst said. At 9 am, the local note stood at 4.1840/1875 versus the greenback from 4.1840/1870 at Friday’s close. Bank Islam Malaysia […]
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