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Philippines pursues stronger trade, investment ties with Malaysia

MANILA, Philippines — The Philippines wants to expand trade and investment ties with Malaysia by taking advantage of opportunities available in agriculture, manufacturing, technology and innovation, halal and infrastructure. “Through stronger engagements in trade and investment, we are sure to expand our bilateral trade relations and solidify even further the ties between our two countries,” Trade Secretary Ramon […]

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Malaysian palm oil eases on bearish price, output outlook

KUALA LUMPUR: Malaysian palm oil futures eased on Wednesday evening on bearish price and production forecasts at an industry conference in Kuala Lumpur. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,157 ringgit ($527.77) a tonne at the end of trading. “Most of the speakers don’t seem too bullish,” said a Kuala Lumpur-based trader, referring to the industry conference. Industry data […]

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Brunei, Malaysia welcome trade, investment progress

HIS Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of BruneiDarussalam and Prime Minister of Malaysia Tun Dato Laila Utama Dr Mahathir bin Mohamad expressed satisfaction at the continued progress in trade and investment cooperation, particularly with the states of Sabah and Sarawak during […]

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Malaysia keeps key rate unchanged amid low inflation

KUALA LUMPUR: Malaysia’s central bank kept its benchmark interest rate unchanged on Tuesday, saying inflation is likely to remain low after the economy slipped into deflation in January. The central bank kept its overnight policy rate at 3.25%, in line with the forecasts of all 22 economists surveyed by Bloomberg. Bank Negara Malaysia has left the rate […]

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Malaysia: January exports exceed forecast, boost from China, Thailand

KUALA LUMPUR: Malaysia’s exports in January 2019 rose at a faster-than-expected pace of 3.1% year-on-year (y-o-y) to RM85.4bil, underpinned by expansion in exports to China, Thailand and South Korea, compared with a Bloomberg survey of a 0.6% contraction. The Statistics Department announced on Monday re-exports were valued at RM17.5bil (+0.4%) and accounted for 20.5% of total exports. Domestic […]

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