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Malaysian ringgit, stocks under pressure amid political uncertainty as deadline extended to form govt

SINGAPORE – Malaysia’s stocks and the ringgit remained under pressure on Monday after the King’s decision to grant rival party leaders a one-day extension to form the next government amid uncertainty over how the ongoing horse-trading will pan out. After diving sharply at the opening bell on Monday morning – following a general election that delivered the […]

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Malaysia: Domestic demand to spur growth

PETALING JAYA: Economists expect the gross domestic product (GDP) growth momentum to ease from the fourth quarter of this year (4Q22) after posting a robust growth of 14.2% in the 3Q22. Having said that, they pointed out that the economic strength going forward would be buoyed by domestic demand. The GDP has beaten Bloomberg’s median […]

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Bursa Malaysia Chief Executive Officer Datuk Muhamad Umar Swift with Bursa Malaysia Chief Operating Officer Datin Azalina Adam, ASCM Chairman Datuk Ahmad Azman Manaf and Malaysia Investment Banking Association (MIBA) Chairperson Lok Eng Hong official launched the "Bursa Anywhere" , the first-of-its-kind CDS e-Services platform in ASEAN in Kuala Lumpur on Tuesday. - MUHAMAD SHAHRIL ROSLI/The Star.
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Bursa Malaysia launches information platform for unit trust, wholesale funds

KUALA LUMPUR: Bursa Malaysia has launched an interactive fund information platform to provide the investing public with comprehensive information on unit trusts and wholesale funds. The stock exchange operator said the platform, called the Bursa Fund Platfoorm, would help investors make better informed investment decisions. BUrsa Malaysia CEO Datuk Muhammad Umar Swift said the Bursa […]

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Malaysia: Continuous labour market initiatives a vital cog

KUALA LUMPUR: As the global economy is expected to slowdown in 2023, continuous labour market recovery initiatives are extremely important for Malaysia to tackle the rising costs of living, says an economist. United Arab Emirates’ human resources and emiratisation ministry’s chief labour economist cum advisor to the Minister, associate professor Dr Mohd Yusof said Malaysia’s […]

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