PETALING JAYA: While the Malaysian economy may not be as sluggish as initially feared, there is little optimism that the country will be able to do better than last year. Leading indicators, which economists say are an accurate gauge of economic performance in the months ahead, signalled a pick-up in growth towards the end of the second quarter. However, concerns […]
Read MorePETALING JAYA: There is room for Bank Negara to cut interest rates to support Malaysia’s economic growth even if inflation rises in the latter part of the year, economists say. According to AmBank Research, there is a strong case for the central bank to lower the benchmark overnight policy rate (OPR), which commercial banks refer […]
Read MoreLocal rideshare users are up in arms over Grab Malaysia’s updated Passenger Cancellation Policy which goes into effect on March 25. The policy, which states that passengers who cancel rides five minutes after getting a driver will be charged a fee ranging from three to five ringgit ($0.74 to $1.23), spurred much disapproval on social […]
Read MoreKUALA LUMPUR: Malaysia’s inflation, as measured by the consumer price index (CPI), decreased 0.4% in February 2019 from a year earlier mainly due to the drop in transport component. In a statement Friday, the Statistics Department said the overall index for CPI fell 0.4% in February 2019 as compared to -0.7% in the previous month. […]
Read MoreBangkok-based PTT Exploration and Production Plc (PTTEP) has acquired a 100 per cent stake in the Murphy Oil Corporation’s (Murphy) business in Malaysia The deal, worth $2.1 billion ( Bt67 billion) was reported to the Stock Exchange of Thailand late on Thursday and was struck through the purchase by PTTEP’s subsidiary company, PTTEP HK Offshore […]
Read MoreKUALA LUMPUR: The ringgit opened unchanged against the US dollar today as investors awaited the release of the Consumer Price Index (CPI) for February by the Department of Statistics later in the day. At 9 am, the local currency was traded at 4.0600/0650. A dealer said as the previous CPI showed the country facing deflation, […]
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