KUALA LUMPUR: Malaysian palm oil futures rose more than 1% for a second day of gains on Tuesday, supported by a weaker ringgit and expectated higher demand in May. The ringgit, palm’s currency of trade, weakened by 0.2% against the dollar on Tuesday evening. A weaker ringgit usually supports palm oil by making it cheaper […]
Read MoreKUALA LUMPUR: Banks in Malaysia will benefit from the recent cut in the overnight policy rate (OPR) if the move results in a higher loan growth, according to AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir (pic). However, he told StarBiz that the banks’ bottom line could potentially take a hit, in the event […]
Read MorePETALING JAYA: Global markets, including Bursa Malaysia, were on edge, following the steep overnight fall of US markets. The escalating trade war between the US and China caused the US markets to perform badly, with the Dow Jones falling 2.38% to 25,324.99 after China retaliated and said it would raise tariffs to as high as […]
Read MoreSINGAPORE: Malaysia Airlines and Singapore Airlines should consider a merger, said an equity analyst. According to Maybank Kim Eng’s regional aviation analyst Mohshin Aziz, it was his personal opinion this would make both airlines more cost efficient to operate. “This is my firm view,” he said. Speaking at an Invest Asia 2019 presentation today, he […]
Read MoreKUALA LUMPUR: A year after Malaysia’s historic election, public euphoria surrounding the new government has evaporated. And investors are losing patience too. Global funds are bypassing the country in favor of other markets. Stocks recorded outflows in all but two of the past 12 months, the ringgit is trailing most of its peers and bonds […]
Read MoreWith slowing world growth and an unstable trade and political environment, interest rate cuts are not enough to bolster economic growth. In fact, over-reliance on rate cuts can be dangerous; the trend towards lower peak and trough rates in every rate cycle may lead to, among others, asset bubbles, debt pile-up and pension crises. The […]
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