KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning as the oil price had declined amidst concerns that the spread of the COVID-19 Delta variant would ease demand for fuel, an analyst said. At 9.03 am, the local note declined to 4.1470/1500 versus the greenback from 4.1445/1495 at Monday’s close. At […]
Read MoreKUALA LUMPUR, June 29 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz hinted today at the possibility of raising the statutory debt ceiling amid growing appeals for the government to inject more money into an economy hit by a fresh round of Covid-19 containment measures. Zafrul said some of the money to fund the […]
Read MoreKUALA LUMPUR: Malaysia’s exports increased by 47.3% to RM92.31bil in May from a year ago, underpinned mainly by robust demand for electrical and electronic (E&E) products, according to the Minister of International Trade and Industry (MITI). In a statement on Monday, it said the E&E products were mainly semiconductors due to the increasing orders for […]
Read MoreKUALA LUMPUR: Loan moratorium for all micro, small and medium enterprises (MSMEs), B40 as well as M40 households, while targeted for other individuals for at least three months or 50 per cent loan payment reduction for six months is needed to ensure social and business safety nets. According to EMIR Research, the overwhelming uptake and […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index (CPI) rose by 4.4% in May from a year ago, mainly due to higher transport costs caused by the rebound in oil prices, according to the Statistics Department. Economists surveyed by Reuters had expected the index to increase 4.7% year-on-year, unchanged from April, when it grew at its fastest […]
Read MoreKUALA LUMPUR: The Statistics Department anticipates a favourable economic performance, based on the positive April leading index (LI), but the strength of the recovery will hinge on the impact and extent of the Covid-19 pandemic. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the LI in April registered double-digit growth of 15.7%, nudging the […]
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