[BENGALURU] Malaysia’s central bank will wait until at least July before raising interest rates from a record low as it waits for the economic recovery to take hold, a Reuters poll found. Although inflation climbed above Bank Negara Malaysia’s (BNM) 2 per cent to 3 per cent outlook range in November, it was expected to […]
Read MoreKUALA LUMPUR: In the short to medium term, the reopening of the country’s economy is expected to spur demand in the industrial sector, as evident by improved transactional activities in the second half of 2021 (H2’21), Bernama reported, citing property consultancy firm Knight Frank Malaysia. The national news agency quoted Knight Frank Johor branch director […]
Read MoreKUALA LUMPUR: The ringgit has retreated from its gains over the past few days to open lower against the US dollar on Friday despite the weaker greenback, dragged down by the declining oil price, an analyst said. At 9.03 am, the local currency was trading at 4.1800/1830 against the US dollar compared with 4.1750/1775 at […]
Read MoreTHE Malaysian Biodiesel Association (MBA) on Thursday (Jan 13) urged industry officials to come to terms with a steady decline of imports of palm-based biofuels in the European Union (EU), with the country’s exports this year seen at their lowest level in 5 years. The decline in Malaysia’s biofuels shipments are a result of the […]
Read MoreKUALA LUMPUR, Jan 11 ― Malaysia’s wholesale and retail trade sales in November 2021 recorded the highest level seen on record, increasing by 7.0 per cent year-on-year to RM118.1 billion, breaching the previous month’s level of RM116.2 billion, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was attributed to the wholesale […]
Read MoreSINGAPORE (Jan 12): Consumer spending in Malaysia will post good growth in 2022, with real household spending projected to grow 5.1% year-on-year (y-o-y), according to a UK-based research firm. “This is a notable improvement from the 0.5% growth estimated for 2021, as impacts from Covid-19 continued to weigh on domestic demand,” said Fitch Solutions Country […]
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