KUALA LUMPUR: The euphoria following Malaysia’s historic election last May has faded, leaving its stock market as Asia’s only one in the red this year. The benchmark FTSE Bursa Malaysia KLCI index has fallen more than 1% so far in 2019, the only decliner in the region, while neighbouring Singapore has surged 5% and Indonesia […]
Read MoreKUALA LUMPUR: Malaysia’s credit profile (issuer rating A3) is supported by the sovereign’s “Very High (-)” economic strength, which reflects a large and diverse economy that is growing at a relatively strong pace and boasts high levels of competitiveness, says Moody’s Investor Service. In its report issued on Tuesday, the rating agency also said Malaysia’s […]
Read MoreKUALA LUMPUR: Malaysia recorded a slight increase in the labour force participation rate at 68.6% while the unemployment rate remained at 3.3% in January 2019, according to the Statistics Department. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said on Monday the labour force participation rate in January 2019 increased by 0.1 percentage point to 68.6% on-month and increased by 0.4 […]
Read MorePETALING JAYA: The pressure on the banking sector is not expected to ease anytime soon, with more analysts lowering their core projected figures this year. After witnessing moderate growth for the sector in the final quarter of last year from lower provisions, there are strong signals for further cuts in earnings and loan growth this […]
Read MoreKUALA LUMPUR: CIMB Equities Research is retaining its Neutral outlook on beverages while its top picks are Berjaya Food and Power Root. It said on Monday the implementation of levy on sugary ready-to-drink beverages in Malaysia will be delayed by three months to July 1, 2019 from April 1 previously. “Milk-based drinks with sugar content of less […]
Read MoreJOHOR, Malaysia/JAKARTA: On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID. The huge complex in Malaysia’s Johor province is currently testing its systems, running crude oil through its fuel processing […]
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