KUALA LUMPUR: Malaysia’s inflation rate, as measured by the Consumer Price Index (CPI) rose by 1.5% in June this year, which was in line with a survey, due to the low-base effects arising from the removal of the Goods and Services Tax (GST) last year. The Statistics Department said on Wednesday the abolishment of GST led […]
Read MoreKUALA LUMPUR: Warning of the possibility of a global economic recession next year, Affin Hwang Capital said Malaysia needs to implement immediate measures to cushion against the impact. The upcoming Budget 2020, its chief economist Alan Tan said, should be business-friendly and include short-term boosters to defend the country’s economy from external weaknesses. During a […]
Read MorePETALING JAYA: The small and medium enterprises (SME) sector’s contribution to the country’s gross domestic product (GDP) is targeted to exceed 50% in 2030, says Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof. “It is a tall order and a big challenge. I have said it many times that we need to focus on the […]
Read MoreKUALA LUMPUR: The ringgit opened flat today against the US dollar as the greenback continued to gain traction ahead of a widely expected US and European Central Bank (ECB) interest rates cut. At 9.05pm, the ringgit stood at 4.1180/1210 from Tuesday’s 4.1180/1190. A dealer said the dollar was stronger against a basket of major currencies […]
Read MoreKUALA LUMPUR: Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview. South-East Asia’s third-largest economy is dealing with a debt pile of over RM1 trillion (US$243.19bil), which the administration of Prime Minister Tun […]
Read MoreKUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as traders stayed cautious ahead of a widely expected US interest rates cut later this month. At 9.05am, the ringgit stood at 4.1120/1170 from Monday’s close of 4.1110/1150. A dealer said the ringgit is moving within a tight range ahead of the Federal […]
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