KUALA LUMPUR: Malaysia is a favoured expansion destination for Asean companies looking for growth opportunities in Asean, according to Standard Chartered’s (StanChart) latest survey. In its Borderless Business: Intra-Asean Corridor, a strategic report that explores high-potential opportunities for cross-border growth within the region, StanChart said 49 per cent of survey respondents selected Malaysia as one […]
Read MorePETALING JAYA: Higher earnings are envisaged in the banking sector this year compared with last year, albeit some pressure in the second half, underpinned by the gradual opening of more economic sectors and improved vaccination rates among the populace. Analysts said the net interest margin (NIM) for the sector would likely improve, with the key […]
Read MoreKUALA LUMPUR: A survey by the Malaysia Retail Chain Association (MRCA) on the impact of current restrictions has shown that 91 per cent of retail businesses reported a decline in sales for the period of January to June 2021. Its president Shirley Tay said the survey was conducted in June among its 450 association members […]
Read MoreKUALA LUMPUR: Malaysia will soon allow the commercial sale of Covid-19 vaccines manufactured by the Chinese firms Sinopharm and Sinovac, the science minister said on Friday, as authorities try to ramp up inoculation rates amid a surge in cases. Malaysia has one of the region’s highest number of coronavirus infections per capita but also one […]
Read MorePETALING JAYA: Malaysian Rating Corp Bhd (MARC) has lowered its gross domestic product (GDP) growth forecast to 3.9% on-year, which is lower than its previous review of 5.1% due to the contraction in private consumption following the strict lockdown measures. In its report yesterday, MARC said its earlier January 2021 GDP growth forecast for Malaysia […]
Read MoreKUALA LUMPUR: Mean monthly salaries and wages fell 9% to RM2, 933 in 2020 from RM3, 224 in 2019 due to the fallout from the Covid-19 pandemic, strict restrictions and health crisis, the Statistics Department said. In its Statistics of Salaries and Wages, Malaysia, 2020 Report released yesterday, the department said the decline was the […]
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