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Malaysia’s central bank seen holding key rate as vaccine rollout fuels recovery hopes – Reuters poll

KUALA LUMPUR : Malaysia’s central bank is likely to leave its key interest rate unchanged this week, a Reuters poll showed on Tuesday, as the country gradually reopens its economy amid a ramped-up COVID-19 vaccination drive. While Malaysia’s downgrade to its 2021 growth outlook last month fuelled market speculation of another rate cut, analysts said […]

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Malaysia’s residential property transactions down nearly 45pc in Q1, report finds

KUALA LUMPUR, Sept 6 — Malaysia’s residential property transactions dropped 44.7 per cent year-on-year (y-o-y) in the first quarter (Q1) of this year, according to a PropertyGuru DataSense report. The decline was due mainly to increased worries among property buyers over Covid-19 cases as well as softer-than-expected Gross Domestic Product (GDP) performance, said the report released by PropertyGuru’s data analytics […]

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Malaysia: Ringgit opens higher against US dollar

The ringgit was trading higher against the US dollar early today, still riding on positive investors’ sentiment tracking Malaysia’s manufacturing Purchasing Managers’ Index (PMI) which climbed to 43.4 last month from 40.1 in July 2021. The local note was continuing last week’s uptrend versus the greenback. In terms of weekly appreciation, the ringgit rose by […]

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