KUALA LUMPUR: The Services Producer Price Index (SPPI) rose 0.6% in Q4 2018 from the previous corresponding quarter due to increases across most sub-sectors. Compared to the previous quarter, the SPPI for the quarter under review rose 0.2%. Datuk Sri Mohd Uzir Mahidin, chief statistician of the Department of Statistics, said the main contributions to […]
Read MorePETALING JAYA: The stronger ringgit is fuelling a surge of inflow into the local bond market, driving yield on the 10-year Malaysian Government Securities (MGS) below 4% for the first time since April last year. Analysts said the rally in the bond market still has room to continue with the strength of the ringgit supporting […]
Read MorePETALING JAYA: Amid a global declining trend in foreign direct investment (FDI) due to weaker economic growth, Malaysia’s FDI inflows are set to buck the trend. Economists are bullish on the country’s FDI inflows this year despite the downside risks from weaker economic global growth and uncertainties that could impact the inflows. Sunway University Business […]
Read MoreKUALA LUMPUR: Salary in Malaysia must grow at an average rate of 3.5 per cent annually for the country to achieve high-income status by 2023, said an economist. Alliance Bank Malaysia Bhd Chief Economist Manokaran Mottain said at present, the average wage growth in the country stands at 2.4 per cent weighed by the abundance of […]
Read MoreMANILA, Philippines — Malaysia’s second largest financial services provider CIMB Group is dipping its hands in the investment banking business after formally launching its banking presence in the Philippines to complete its footprint in Southeast Asia. Effendy Shahul Hamid, chief executive officer of Group Ventures and Partnerships of the CIMB Group, said the Kuala Lumpur-based […]
Read MorePETALING JAYA: The intense competition for affordable housing is expected to continue as home ownership for the B40 group remains the government’s top agenda. AllianceDBS Research said in a report yesterday that it anticipates stricter government enforcement on future approvals for new property developments. “Increasing cost burden is expected to persist for developers, which will […]
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