HONG KONG (REUTERS) – Central banks in Singapore, Australia, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday (Sept 2). Many governments and central banks around the world are […]
Read MoreKUALA LUMPUR, Sept 1 — Business activity slowed down markedly in the first half (H1) of 2021 as the tightening of Covid-19 lockdowns put further strains on the manufacturing sector, according to a biannual industry survey. In the business conditions survey jointly conducted by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER), more than […]
Read MoreBy Chester Tay Malaysia’s manufacturing continued to contract in August though the downturn showed signs of moderating. IHS Markit’s purchasing managers index edged up to 43.4 in August from 40.1 in July, remaining below the 50.0 mark that separates contraction from expansion. Businesses reported sustained reductions in production and new orders. The latest rise in […]
Read MoreKUALA LUMPUR, Aug 30 — The ringgit ended stronger against the US dollar as fears over tapering by the US Federal Reserve (US Fed) wane with a longer path to higher rates expected. At 6pm, the local note jumped 360 basis points to 4.1530/1575 versus the greenback from Friday’s close of 4.1890/1930. Bank Islam Malaysia […]
Read MoreKUALA LUMPUR, Aug 26 ― Businesses from all sectors in Malaysia are more pessimistic about their business conditions in the third quarter of 2021 or the months of July to September, the Department of Statistics Malaysia (DoSM) said today. In its latest Business Tendency Survey, DoSM noted that businesses’ confidence indicator had fallen to -21.3 […]
Read MoreKUALA LUMPUR, Aug 26 — The Producer Price Index (PPI), which measures the cost of goods at the factory gate that are produced locally, has continued to remain high in Malaysia for July with a 11.7 per cent year-on-year growth, largely due to the higher prices of commodities such as crude and palm oil, official […]
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