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Malaysia: Younger workers feeling ‘left behind’, World Bank says

KUALA LUMPUR: Slowing income growth among lower-income households and younger workers has contributed to perceptions of being “left behind”, according to the World Bank’s Malaysia Economic Monitor. The 21st edition of the report, which was launched here on Monday, pointed out although median incomes continue to outpace inflation, income growth rates for low-income Malaysians slowed […]

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Malaysia: 7-Eleven soon to be pharmacy play

PETALING JAYA: 7-ELEVEN MALAYSIA HOLDINGS BHD  is looking to get a foothold in the thriving Malaysian pharmaceutical industry following its proposed acquisition of Caring Pharmacy Group  Bhd recently. Analysts are positive on the proposed acquisition and see earnings accretion for 7-Eleven from the deal. As the acquisition price is also done at 27 times price earnings (PE) multiples, which […]

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ICAEW: Malaysia’s 2020 GDP growth may slow to 4%

KUALA LUMPUR: The Institute of Chartered Accountants in England and Wales (ICAEW) has forecast that Malaysia’s gross domestic product (GDP) in 2020 may slow to 4% from 4.4% expected for this year. Economic advisor Sian Fenner said the cautious outlook was primarily driven by the moderating household spending. “Household spending is still going to remain quite […]

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Putrajaya 2 dis 2019 Mohd Shahrin Rohami, MPOB during the palm oil familiarisation programme pic razak ghazai
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Malaysia: Certified palm oil could trade in higher prices

INDUSTRY players could see an increase in trading prices for Malaysian Sustainable Palm Oil (MSPO)-certified palm oil as the government sets a mandatory standard beginning 2020. The Malaysian Palm Oil Board (MPOB) DG Dr Ahmad Parveez Ghulam Kadir (picture) said the MSPO certification processes along the palm oil supply chain could increase operation costs in order to […]

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