KUALA LUMPUR: Fitch Ratings has revised its 2019 growth forecast for Malaysia to 4.6%, from 4.2%, after the country reported stronger-than-expected growth in the first half. Malaysia’s central bank reported second-quarter economic growth of 4.9% last Friday, making South-East Asia’s third-largest economy the only one in the region to show some acceleration from the first […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell nearly 2% on Monday, weighed down by gains in the ringgit and tracking losses in related edible oils. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 1.6% at 2,156 ringgit ($516.41) per tonne to mark a third straight session of […]
Read MoreThe UK will have the opportunity to make a trade deal with Southeast Asian nations, including the world’s top palm oil producers, once it leaves the European Union, and to steer clear of getting entangled in any potential trade war, according to Malaysian Prime Minister Mahathir Mohamad. “The key is to rethink the European Union’s […]
Read MoreKUALA LUMPUR: The Employees Provident Fund has launched its i-Invest online platform, which allows members to make informed investments in unit trust funds offered by EPF-approved fund management institutions (FMI). According to a statement, the platform allows members to monitor their investment funds through their i-Akaun and look up information on cost of investment, historical […]
Read MoreKUALA LUMPUR: Maybank Kim Eng Group says a recession in 2019 is unlikely but there is a possibility of it happening in the second half of 2020. Its economist Lee Ju Ye was one of three panellists at Maybank Investment Bank Bhd’s (Maybank IB) second half 2019 market outlook (2H2019) on Saturday. “Trade-oriented economies will […]
Read MoreKUALA LUMPUR: Malaysia’s economy is set to regain its stride after an unsteady year of reforms following a change of government, but the rebound could be short-lived as risks loom from the US-China trade war. Gross domestic product likely expanded 4.7% year-on-year in the second quarter, from 4.5% in the previous period, according to the […]
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