KUALA LUMPUR, Sept 29 — Bursa Malaysia remained in the negative territory at mid-afternoon today on persistent selling in selected heavyweights, mirroring the weaker sentiment in the regional equity markets, dealers said. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 5.12 points to 1,541.70 from yesterday’s close of 1,546.82. Market breadth was […]
Read MoreKUALA LUMPUR, Sept 29 — Malaysia dropped 15 places to 41 out of 160 in the World Bank’s Logistics Performance Index (LPI) for 2018 compared to 24 in 2014 and 32 in 2016 when it was the second-best performing Asean nation after Singapore. In the LPI for 2018, Singapore is now ranked seventh, followed by […]
Read MoreKUALA LUMPUR, Sept 28 — Malaysia’s imports grew by 20.4 per cent from January until August 2021 compared to the same period last year, according to the Ministry of International Trade and Industry (Miti). In a statement, its minister Datuk Seri Mohamed Azmin Ali said China continues to be the leading source of imports with […]
Read MoreKUALA LUMPUR, Sept 28 — The ringgit ended marginally higher against the US dollar today on improved market sentiment amid rising oil prices. At 6pm, the local note rose to 4.1835/1855 against the greenback from yesterday’s closing of 4.1865/1885. OANDA Asia Pacific senior market analyst Jeffrey Halley said the ringgit received increasing support from the […]
Read MoreKUALA LUMPUR, Sept 28 — The World Bank has revised Malaysia’s economic growth projection to 3.3 per cent in 2021, down from the 4.5 per cent forecast in June. It said the ongoing movement control orders, increased precautionary behaviour and subdued labour market conditions were expected to weigh down further on private consumption and overall […]
Read MoreMalaysia has placed much importance on digital economy by rolling out plans such as the National Digital Infrastructure Plan (Jendela) to boost digital connectivity in the country, says Minister of Communications and Multimedia Annuar Musa. This was also to prepare Malaysia for transition to 5G technology, he said. He added that the gradual deployment of […]
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