PETALING JAYA: The bullishness in the stock market that has spilled over from last year is starting to mellow and retail investors are starting to seek shelter in safer investment products. The year 2021 has been highly touted as the year of economic recovery as countries start to roll out the vaccination programmes but the […]
Read MoreInflation in focus THE Statistics Department is expected to release the consumer price index (CPI) data for May 2021 on Friday. Analysts expect inflation to rise 3.6% in May. The CPI increased 4.7% in April 2021 to 123.1 against 117.6 in the same month of the preceding year. The CPI for the period of January […]
Read MorePETALING JAYA: Asset price inflation, which is posing a threat in some Western economies, is unlikely to rear its ugly head in Malaysia amid the country’s low interest rates and massive stimulus packages. Even as the central bank has kept key benchmark interest rate at 1.75% for some time, coupled with a cumulative fiscal stimulus […]
Read MorePETALING JAYA: The anticipated recovery in consumer spending in the second half of the year, aided by government policies and spending and a ramp-up in vaccination, will be a positive driver for the economy. According to the Malaysian Institute of Economic Research (MIER), consumer sentiment had further rebounded in the first quarter (Q1) of this […]
Read MoreKUALA LUMPUR: Malaysian credit reporting agency CTOS Digital Bhd. is in talks to sign up Aberdeen Standard Investments and AIA Group Ltd. as cornerstone investors for its planned initial public offering, according to people with knowledge of the matter. Eastspring Investments Bhd., Fidelity International and several local asset managers are also in discussions to participate […]
Read MorePETALING JAYA: Economists have projected Malaysia’s gross domestic product (GDP) to grow around 4% in 2021 following the announcement of the National Recovery Plan (NRP). United Overseas Bank (M) Bhd (UOB Malaysia) senior economist Julia Goh (pic below) and economist Loke Siew Ting said the estimated period under the planned phases was in line with […]
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