KUALA LUMPUR: Bank Negara is expected to leave its key interest rate steady tomorrow, according to a Reuters poll, as a slowdown in new coronavirus infections and a recently launched vaccination drive boost confidence in the economic recovery. Eleven out of 15 economists saw Bank Negara keeping its overnight policy rate at a record low […]
Read MorePETALING JAYA: Manufacturers remain cautious over their business prospects for the first half of 2021, as Covid-19 resurgence in the final quarter of 2020 poses challenges, according to the latest FMM-MIER business conditions survey. “With constraints on mobility and demand going forward, respondents are cautious on their business projections for the first half of 2021, […]
Read MoreKUALA LUMPUR: Malaysian businesses must actively tap into global halal market opportunities as they increasingly look outside the country’s borders for growth, according to speakers at the recent Export Excellence Awards (EEA) 2021 webinar. Entitled Halal Export Opportunities, the second webinar in the EEA 2021 Webinar Series featured experts from a wide range of industries, […]
Read MoreKUALA LUMPUR: Economists remain positive on Malaysia’s growth this year on the back of vaccine rollouts and gradual economic reopening globally despite concerns that the early part of the year may be impacted by the current movement control order (MCO). MIDF Research said that Malaysia’s leading index (LI) rose 7.1% year-on-year (y-o-y) last December, increasing […]
Read MorePETALING JAYA: The reopening of more economic sectors under the second phase of the movement control order (MCO 2.0) has succeeded in reducing the country’s losses to RM300mil a day compared to RM2.4bil a day during the MCO 1.0. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic) said the MCO 2.0 allowed more economic […]
Read MorePETALING JAYA: Firms operating in the Malaysian manufacturing sector are increasingly optimistic regarding the 12-month outlook for production. IHS Markit said positive sentiment strengthened to the highest in five months amid hopes that the end of the pandemic would result in stable operating conditions and boost production and sales. “Businesses continued to scale back production […]
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