KUALA LUMPUR: The ringgit opened lower against the US dollar on Thursday after the release of economic indicators in the United States (US) boosted the greenback, a dealer said. At 9.02 am, the local note fell to 4.1550/1580 versus the US dollar from 4.1480/1500 at Wednesday’s close. ActivTrades trader, Dyogenes Rodrigues Diniz said the US […]
Read MoreKUALA LUMPUR: The Statistics Department launched the economic monitoring system on Thursday which presents in a dashboard-style of graphical display of the current economic situation based on selected key indicators. The department said on Thursday the dashboard contains eight key economic indicators, which are gross domestic product (GDP), employment, commodities, prices, manufacturing, services, international trade […]
Read MoreSINGAPORE: Southeast Asian ride-hailing-to-fintech group Grab and budget airline AirAsia were among more than a dozen bidders involving over 50 companies that are vying for digital banking licences in Malaysia, people familiar with the matter said. Others who submitted bids by Wednesday’s deadline included telecoms operator Axiata and a consortium backed by Chinese tech firm Tencent, said […]
Read MoreKUALA LUMPUR, June 30 ― The World Competitiveness Yearbook 2021 has ranked Malaysia’s global competitiveness at 25th place from out of 64 economies, an improvement from the 27th position in 2020. International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said in the World Bank’s Ease of Doing Business 2020 ranking, Malaysia held second […]
Read MoreKUALA LUMPUR, June 30 — Malaysia’s trade performance in 2021 has indicated a strong productive recovery with trade having grown by 43.2 per cent to RM190.76 billion, said International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali. He said the performance, recorded in April, is a marked improvement compared to April last year. “Exports […]
Read MorePETALING JAYA: Malaysia’s total trade grew by 26% year-on-year (y-o-y) to RM867.4bil in the first five months of 2021, the Ministry of International Trade and Industry (Miti) said. Trade surplus surged by 112.2% to RM92.79bil, as exports rose by 31.1% to RM480.09bil and imports increased by 20.1% to RM387.31bil. The ministry said the country’s trade […]
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