PETALING JAYA: After a weak purchasing managers’ index (PMI) cast a pall over the economy, business confidence expectations for the first half of the year has weakened among corporates and small and medium enterprises (SMEs), according to the RAM Business Confidence Index (RAM BCI). The poll conducted on 3,500 firms in Malaysia has fallen to […]
Read MoreKUALA LUMPUR: Core earnings in the banking sector is expected to grow by 4.6% in 2019 underpinned by modest growth of 3.6% and supported by higher net interest income from loan expansion. In its sector update, Ambank Investment research said loans for the Malaysian banking industry is expected to grow 4% to 5% premised on […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell on Monday, a second drop in four sessions, as traders remained cautious over official data due to be released by the industry regulator this week. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.6 percent to 2,160 ringgit ($524.78), while trading volumes stood at 30,366 lots […]
Read MoreKUALA LUMPUR: The minimum workers’ share of the Employees Provident Fund (EPF) contribution for those above 60 will be reduced to 4% per month will start with the January 2019 salary contribution from February. The EPF said in a statement on Monday the employees’ share of contribution rate will be 0%. It said the new […]
Read MorePETALING JAYA: A big cloud hangs over the Malaysian manufacturing sector after its Purchasing Managers’ Index (PMI) for December 2018 hit its lowest on record. An economist said there was a significant fall in demand, while export orders dropped for the first time since June resulting from weakness across the Asia-Pacific region. IHS Markit economist […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose to their highest in nearly two weeks on the first trading day of 2019, after world’s largest edible oil importer India announced import tax cuts, amid expectations of a fall in production. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 2.1 percent at 2,166 ringgit ($523.82) a tonne at the close of trade, its strongest daily […]
Read More
Thailand
