[KUALA LUMPUR] Malaysia’s industrial production rose 1.7 per cent in September from a year earlier, slower than the previous month, supported by continued growth in the electricity sector, government data showed on Monday. Annual factory output in September came below the 1.9 per cent expansion forecast in a Reuters poll. August’s factory output rose 1.9 […]
Read MoreFOOD delivery outfit DeliverEat is expecting revenue to double this year as more consumers cosy up to the idea of having their meals delivered to their doorstep. In line with the expanding market, the company is expecting a compounded annual growth rate of 23.2% for the 2019-2023 period. According to a Statista on-line food delivery […]
Read MoreKUALA LUMPUR: Robust demand growth from FRASER & NEAVE HOLDINGS BHD ‘s Thai operations is expected to be overshadowed by competition on the Malaysian scene. Kenanga research reiterated its market perform recommendation on the stock but lowered its target price to RM35.15 following a downward revision in its earnings forecasts. “We tweaked our FY20E/FY21E earnings downwards by […]
Read MoreKUALA LUMPUR: The Finance Ministry is confident the jump in Malaysia’s Manufacturing Purchasing Managers’ Index (PMI) in October to the highest pace in six months, will help the country achieve the 4.7 per cent Gross Domestic Product (GDP) growth target for this year. Its Minister, Lim Guan Eng said the sudden jump in PMI from […]
Read MoreKUALA LUMPUR (AFP) – An ex-Goldman Sachs banker will stand trial in Malaysia in April over the 1MDB scandal after he returns from the United States (US) where he has also been charged, an official said yesterday. Billions of dollars were stolen from Malaysian state fund 1MDB in a fraud allegedly involving former prime minister […]
Read MoreKUALA LUMPUR: The ringgit slipped at the opening today on lack of demand for the local currency amid the lower crude oil price, said a dealer. At 9.10am, the ringgit was quoted at 4.1320/1350 against the greenback from 4.1290/1320 recorded yesterday. The crude oil price is currently trading at US$62.75 per barrel, down by 0.33 […]
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Thailand
