PETALING JAYA: The Covid-19 pandemic has caused foreign direct investment (FDI) into Malaysia to plunge and economists feel more has to be done to reverse the trend. “This is not unexpected and if you compare it with other countries in the region, it is not an isolated trend, ” Socio Economic Research Centre’s executive director […]
Read MoreKUALA LUMPUR: The ringgit reversed recent losses to open higher against the US dollar Tuesday despite a cautious trading mode, an analyst said. At 9 am, the local currency stood at 4.0410/0460 against the greenback from 4.0430/0460 at Monday’s close. Axi chief global market strategist Stephen Innes said the rising global oil prices prompted market […]
Read MoreAT the 4th Regional Comprehensive Economic Partnership Summit on Nov 15,2020, the emergence of the world’s largest trade agreement has become the most significant trade policy development. After almost eight years of negotiation, 15 countries including the 10 Asean members, and five of its dialogue partners (China, Japan, South Korea, New Zealand and Australia), have […]
Read MoreKUALA LUMPUR: Foreign companies that have invested in the country say they remain committed to the country as they value and appreciate the long-term partnership with the Malaysian government and look forward to many more years of success. On the re-implementation of the movement control order (MCO 2.0) and the proclamation of emergency to contain […]
Read MoreKUALA LUMPUR: Economists believe the door is open for Bank Negara to consider a rate cut this year despite the central bank keeping the overnight policy rate (OPR) at 1.75%. Alliance Bank chief economist Manokaran Mottain was not surprised by the central bank’s decision to maintain the OPR at 1.75% and said that there was […]
Read MoreKUALA LUMPUR: Oil price rally and US dollar weakness supported the ringgit to close higher for the second consecutive day. At the close, the currency stood at 4.0430/0470 against the greenback from 4.0480/0520, yesterday. Axi chief global market strategist Stephen Innes expected oil to stabilise near the current level as the coronavirus vaccine rollout progresses. […]
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