GEORGE TOWN: Malaysia’s shadow economy accounts for 21% of gross domestic product (GDP) and amounts to an estimated RM300bil, says Finance Minister Lim Guan Eng. He said the strong underground economy, which he attributed to illegal activities that are difficult to track down, should be tackled effectively. “If not handled well, it will not only […]
Read MoreGEORGE TOWN: Malaysia’s shadow economy accounts for 21% of gross domestic product (GDP) and amounts to an estimated RM300bil, says Finance Minister Lim Guan Eng. He said the strong underground economy, which he attributed to illegal activities that are difficult to track down, should be tackled effectively. “If not handled well, it will not only […]
Read MoreMUMBAI: Indian palm oil importers have effectively stopped all purchases from Malaysia after the government privately warned them to shun the product from the country following a diplomatic spat, industry and government sources said. The warning, issued last week, comes almost in parallel with New Delhi’s move to restrict imports of refined palm oil and […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to do better in 2020 as the manufacturing sector’s purchasing managers index for December 2019 rose to a 15-month high, Finance Minister Lim Guan Eng said. The PMI rose 0.5 to 50.0 points in December 2019, the highest reading in 15 months, Lim said. This came after the November […]
Read MoreKUALA LUMPUR: Malaysian crude palm oil futures rallied on Thursday, recouping losses suffered this week, as India’s move to restrict imports of refined palm oil boosted prices, while signs of de-escalation in Iran-U.S. tensions soothed concerns. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed at 72 ringgit, or […]
Read MoreIN emerging Asia, higher oil prices — fuelled by escalating tensions between the United States and Iran — are likely to benefit Malaysia’s growth the most, while hitting Singapore the hardest, said Barclays analysts in a Jan 8 report. “The comfort from easing trade and global risks seems to be over for policymakers in Emerging […]
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