KUALA LUMPUR, Oct 1 — The ringgit ended higher against the US dollar today, supported by improved sentiment towards the local currency, a dealer said. At 6pm, the local note rose to 4.1770/1810 versus the greenback from yesterday’s closing of 4.1855/1870. The dealer said the local note gathered some strength and appreciated against the US […]
Read MoreKUALA LUMPUR, Oct 1 — Bursa Malaysia Derivatives Bhd will be launching the East Malaysia Crude Palm Oil Futures (Fepo) contract on Monday to meet the evolving needs of the Sabah and Sarawak palm oil market players for greater price transparency and alternative risk management tool. In a statement, Bursa Malaysia said the Fepo contract, […]
Read MoreSenior Economist at UOB Group Julia Goh and Economist Loke Siew Ting review the latest performance of the exports sector in the Malaysian economy. Key Takeaways “Gross exports expanded at a faster pace by 18.4% y/y in Aug (Jul: +5.0%), beating our estimate (+9.8%) and Bloomberg consensus (+14.6%). Gradual relaxation of containment measures for some […]
Read MoreKUALA LUMPUR : Malaysia is targeting a reduction in its fiscal deficit to 3.5per cent by 2025, the finance ministry said on Thursday. The government remains committed to fiscal consolidation in the medium term, and it has to be more robust than previously planned, the ministry said in a statement. Malaysia had earlier forecast a […]
Read MoreKUALA LUMPUR, Sept 30 — Malaysia’s economy is expected to rebound in 2022, in line with the expected recovery in the global economy throughout the second half of 2021 and into next year, particularly as more countries step up their vaccination efforts. In the second Fiscal Policy Committee (FPC) meeting, the Ministry of Finance (MOF) […]
Read MoreKUALA LUMPUR, Sept 29 — Many Malaysian households, especially in the middle- and high-income categories, appear able to still take on new loans for purposes such as buying houses and cars, Bank Negara Malaysia (BNM) said today. In its Financial Stability Review report for the first half of this year, BNM noted that most household […]
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