PETALING JAYA: The benchmark interest rate cut by Bank Negara will be a boon for the consumer, property and automotive sectors. A lower overnight policy rate (OPR) would translate into cheaper borrowing costs, benefiting domestic households and businesses as it would increase the consumers’ disposable income. MIDF Research pointed out that the rate cut would […]
Read MoreKUALA LUMPUR: The RM44bil East Coast Rail Link (ECRL) is expected to contribute 2.7% to Malaysia’s economic growth, according to MIDF Research. It said the boost for growth is expected to kick-in from project inception until its completion. “However, the full estimated gross domestic product (GDP) contribution will depend on the pace of spillover effects to […]
Read MorePETALING JAYA: Bank Negara’s decision to cut the benchmark interest rate may have limited impact on borrowing cost as several banks in the country have raised their lending rates prior to the central bank’s announcement. Experts told StarBiz that households and businesses servicing loan payments would still enjoy lower instalments, but the savings in their […]
Read MorePETALING JAYA: International rating agencies are confident Malaysia will meet its fiscal targets, particularly the 3.4% fiscal deficit-to-gross domestic product (GDP) ratio this year, according to the Finance Ministry (MoF). The ministry issued a statement yesterday following Finance Minister Lim Guan Eng’s recent visit to the United States in April, where he engaged with international […]
Read MoreKUALA LUMPUR: Malaysia’s central bank Tuesday cut its key interest rate for the first time in almost three years as it looks to boost slowing growth as China-US trade tensions weigh on the economy. The move comes as central banks around the world adopt a more dovish stance in the face of a weak global […]
Read MorePETALING JAYA: New loan applications by Malaysian businesses and households have been continuously falling over the past few months, indicating a weakening sentiment in the domestic economy. With loan growth being a key determinant of the banking sector’s performance, the softening loan growth trend has led analysts to remain generally neutral on the outlook of […]
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