KUALA LUMPUR: Malaysia has imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years, its Ministry of International Trade and Industry said on Wednesday. The duties on flat-rolled products of non-alloy steel plated or coated with aluminum and zinc, come after an anti-dumping investigation was carried out on […]
Read MoreKUALA LUMPUR: Malaysia’s Consumer Price Index (CPI) slipped 1.7 per cent year-on-year (y-o-y) to 120.0 in November 2020 from 122.1 recorded in the same month in 2019, said the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the lower CPI to the decline in several […]
Read MoreKUALA LUMPUR: Malaysia is ranked fifth among 17 other developing countries according to a Bloomberg study that gauges their outlook for 2021 based on 11 indicators of economic and financial performance. In the study, Malaysia is ranked ahead of other Asean countries such as the Philippines (ranked 10) and Indonesia (ranked 12). Thailand (ranked No. […]
Read MorePETALING JAYA: Bank Negara’s international reserves rose US$400mil to US$105.7bil over the two weeks to Dec 15. It said in a statement that its reserves position is sufficient to finance 8.8 months of retained imports and is 1.2 times total short-term external debt. The main components of the international reserves comprised foreign currency reserves at […]
Read MoreKUALA LUMPUR: Malaysia has set the export tax for crude palm oil (CPO) at eight per cent for January 2021. In a statement today, the Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price reached RM3,450 per tonne and above. The rate would be effective […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar today on the back of improving crude oil prices. At 9.07am, the ringgit was quoted at 4.0470/0520 versus the greenback compared with 4.0490/0530 on Monday. Axi Chief Global Market Strategist Stephen Innes said the ringgit could claw back some losses on recovering oil market sentiment. […]
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