PETALING JAYA: Malaysia’s top three banks would need to maintain higher than normal capital requirements in order to mitigate risks to the overall banking system, said Bank Negara. In introducing a new framework, the central bank has identified MALAYAN BANKING BHD (Maybank), CIMB GROUP HOLDINGS BHD and PUBLIC BANK BHD as those falling into the domestic systemically important banks (D-SIBs). Under […]
Read MoreKUALA LUMPUR: RHB Research expects the impact from the novel coronavirus to be limited with most of the fallout to be seen in the first and second quarter of this year. It said on Thursday the novel coronavirus still poses an uncertain downside given the ambiguity of its outcome. With the rate of infections surpassing […]
Read MoreKUALA LUMPUR: Malaysia is expected to achieve an export growth of 1.5% year-on-year (y-o-y) this year, underpinned by commodity-based sectors, according to economists. RHB Investment Bank Bhd economist Ahmad Nazmi Idrus said the latest figures might appear that trade could have reached its bottom and is ready for a rebound. He said the support came […]
Read MoreKUALA LUMPUR: Malaysia’s overall trade for 2019 came in lower than its RM2 trillion target following a 2.5% contraction to RM1.84 trillion. This was on the back of a softer global demand amid trade tensions and unfavourable external economic conditions. In terms of trade surplus however, the figure rose 11% to RM137.39bil, the largest figure […]
Read MoreKUALA LUMPUR (BERNAMA) – Foreign investors were net sellers in the local equity market last week, recording a total net outflow of RM409.14 million from January 28-30 against a net inflow of RM23.48 million from January 20-23. Bank Islam Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said this came after news about the […]
Read MoreIT’S an unfortunate start to Visit Malaysia Year 2020 with the outbreak of the coronavirus putting a tumble to travelling, and it’s a tad more ominous that mainland China tourists have been our key market. The Chinese government has already placed its faith in Malaysia by launching the Malaysia-China Year of Culture and Tourism 2020 […]
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