KUALA LUMPUR: Malaysia’s consumer price index recorded a year-on-year (y-o-y) decrease of 0.2% to 122.1 in January, representing a 10th straight month of declines since March last year. However, the CPI was 1.2% higher over the previous month and the core index was up 0.7% y-o-y. Transport prices remained the leading laggard, falling 5.1% y-o-y […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to return to positive growth this year, along with other economies globally on the sustained progress in the vaccine rollouts that will boost consumption worldwide, the World Bank Group said. Its Macroeconomics, Trade and Investment Global Practice lead economist, Richard Record, said the group expects the vaccine deployment can […]
Read MorePETALING JAYA: The statutory reserve requirement (SRR) ratio will unlikely see any cut this year amid the economy showing signs of sluggishness over the next couple of months underpinned by ample liquidity in the banking system. SRR is non-interest bearing balances that commercial banks are required to keep with the central bank. It is also […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar on Monday, as the greenback retreated on the back of improved riskier asset demand with the progress in the vaccine rollout to curb COVID-19 infections, dealers said. At 9.00 am, the local currency stood at 4.0360/0420 against the US dollar from last Friday’s close of […]
Read MorePETALING JAYA: The prevailing low interest rates have attracted more money market funds (MMFs) into the domestic market. Based on the Lipper data, the total size of these funds currently stands at RM110bil. This represents less than 10% of the total deposits market. The time is ripe according to analysts for such funds to gain […]
Read MorePETALING JAYA: A double-digit growth in international freight services helped to lift Freight Management Holdings Bhd’s net profit by over 61% year-on-year (y-o-y) in the second quarter ended Dec 31,2020. The company told Bursa Malaysia that its net profit in the October-December 2020 period rose to RM6.65mil as compared to RM4.12mil a year earlier. Revenue increased […]
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