KUALA LUMPUR: Bank Negara Malaysia and Bank Indonesia have announced that the expansion of local currency settlement framework to include direct investment, income and transfer, in addition to trade, as eligible underlying transactions, effective today. “It also includes expansion of eligible users of the framework, such as individuals, and additional foreign exchange policy flexibilities, such […]
Read MorePETALING JAYA: Rising vaccination rates, gradual lockdown easing measures and a global economic rebound are expected to spur Malaysian exports for the remainder of 2021. Centre for Market Education chief executive officer and Institute for Democracy and Economic Affairs (Ideas) senior fellow Carmelo Ferlito, (pic below) said the outlook for exports and international trade remained […]
Read MorePETALING JAYA: The government will implement consolidation measures to strengthen its fiscal position including broadening the revenue base, enhancing the tax administration and compliance, as well as increasing the efficiency in spending to control the fiscal deficit level when the economy is restored, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. (pic) He […]
Read MorePETALING JAYA: Malaysia’s exports to all major markets, namely Asean, China, the United States, the European Union and Japan, recorded double-digit expansion in June. The strong exports turbo-boosted Malaysia’s total trade performance, which surpassed RM1 trillion in value in just the first six months of the year. According to the International Trade and Industry […]
Read MoreKUALA LUMPUR: Malaysia’s economic fundamentals are still strong and its growth prospect for the medium term is bright, supported by a stable capital market, while the financial sector has ample liquidity and capital buffer, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said among the issues raised by the Members of Parliament during […]
Read MoreKUALA LUMPUR: The local bourse is hopeful of higher trading activity as the economy re-opens with the National Recovery Plan, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar. Abdul Wahid noted that in July, the average daily trading value (ADV) dropped to RM3bil compared with RM4.4bil in the first half of 2021. “This level is […]
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