SINGAPORE: While the Economic Development Board (EDB) has done well to secure US$17.2bil of fixed-asset investments in an exceptionally difficult year, the road ahead will be challenging, according to Trade and Industry Minister Chan Chun Sing.(pic below) Speaking at a media briefing ahead of EDB’s annual year-in-review, Chan outlined the hurdles anticipated and the republic’s […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) kept the Overnight Policy Rate (OPR) unchanged at 1.75% during its meeting on Wednesday. It said in a statement for Malaysia, the resurgence in Covid-19 cases and the introduction of targeted containment measures had affected the recovery momentum in the fourth quarter of 2020. “As a […]
Read MorePETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO). Ahead of the MPC’s first two-day meeting this year starting on Wednesday, economists are quite divided this time around […]
Read MoreKUALA LUMPUR: Fraser & Neave Holdings Bhd is planning for halal food to be a new pillar of growth following its acquisition of the producers of the Nona and Lee Shun Hing brands. In December last year, the group announced the purchase of the three F&B companies – Sri Nona Food Industries Sdn Bhd, Sri Nona Industries […]
Read MoreKUALA LUMPUR: Malaysia’s central bank is expected to cut key interest rates to historic lows on Wednesday, according to a Reuters poll, after surging coronavirus infections led the government to impose fresh lockdowns, further curbing economic activity. Nine out of 15 economists expected Bank Negara Malaysia (BNM) to cut its overnight policy rate to a […]
Read MorePETALING JAYA: The ringgit may test the psychological level of 4.00 against the US dollar next week amid anticipation that Bank Negara would maintain the overnight policy rate at 1.75% at its meeting on Wednesday. FXTM market analyst Han Tan said Malaysia’s health-related and economic response amid the ongoing movement control order (MCO 2.0), along […]
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