IN its 2018 annual report, Bank Negara has been realistic of the global uncertainties, as it has revised its forecasts lower as compared to the previous Treasury’s projection (gross domestic product: +4.9%) to a range of 4.3% to 4.8%in 2019. Slowdown is imminent in investment flows, external demand and growth in major industrial nations. In […]
Read MoreKUALA LUMPUR: Malaysia‘s central bank on Wednesday lowered its economic growth expectation for this year and forecast a significant drop in export expansion due to a slowdown in the global economy and the US-China trade war. The economy is expected to grow 4.3-4.8% this year, Bank Negara Malaysia said in its annual report. In November, the central bank and the government had forecast 4.9% growth for […]
Read MoreKUALA LUMPUR: Malaysia is neither entering a recession nor is it suffering from deflation, Bank Negara says. Despite tough economic headwinds, central bank governor Datuk Nor Shamsiah Mohd Yunus asserts, Malaysia is expected to remain on a steady growth path this year, supported by resilient domestic demand. Underlying inflation, on the other hand, is expected […]
Read MoreKUALA LUMPUR: The ringgit was slightly lower against the US dollar in early trading today, in line with weaker regional currencies, a dealer said. At 9 am, the local unit traded at 4.0750/0790 compared with Tuesday’s close of 4.0700/0730. He said the greenback gained support on the possibility of the US Federal Reserve taking a […]
Read MoreKUALA LUMPUR: More Malaysians are migrating to e-wallet cashless transactions but one big beneficiary in digital payments and becoming a cashless society is the stamping out of corruption. “When we talk about cashless system, an important benefit is that it can help cut down corruption, and I am sure corruption is much reduced in China, […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar in early trade amid the likelihood of a US dollar weakness, a dealer said. At 9.10 am (0110 gmt), the local currency traded at 4.0640/0680 compared with yesterday’s close of 4.0670/0700. He said trade tensions on the US-China trade front could put a floor to […]
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