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Malaysia September factory output misses forecast

KUALA LUMPUR: Malaysia’s industrial production in September expanded at a pace well below expectations, as growth slowed across all sectors. Factory output grew 4.7% from a year earlier in September, below the 6.1% annual rise forecast in a Reuters poll. Industrial output was up 6.8% in August. Manufacturing output grew by only 5.7% year on […]

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Malaysia: Bank Negara keeps overnight policy rate at 3%

KUALA LUMPUR: Bank Negara’s Monetary Policy Committee (MPC) has maintained the benchmark overnight policy rate (OPR) at 3% as the current stance of monetary policy is accommodative. The central bank’s call to retain the OPR was made during its meeting today based on several ongoing positive factors in the local and global fronts. “At the […]

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Malaysia: Ringgit to recover gradually over time

KUALA LUMPUR: RHB Research expects ringgit to recover gradually over time, as it has overshot on the downside from its fundamental value.   The research house said ringgit strengthened by 0.1% to the RM4.227 per US dollar level in the first week of November, after depreciating by 0.1% in October. “This was mainly due to […]

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Laos, Malaysia reaffirm business cooperation

Laos and Malaysia plan to continue to promote economic cooperation after seeing the progress made in recent years. Malaysia’s investments have helped to improve the quality of life for Lao people, it was noted when economic experts from the two countries met in Vientiane last week. The Lao delegation was led by the Director of […]

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