PETALING JAYA: The banking sector is not expected to see a significant rise in loans and earnings next year amid a tough investment environment and margin compression. Bankers and analysts, however, said the sector would hold up and are maintaining their 2018 average loan and earnings growth projections for next year. They are forecasting an […]
Read MoreKUALA LUMPUR: Malaysia’s economy is likely to grow in February to April 2019, based on the performance of economic indicators. In the Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for October 2018 report, chief statistican Datuk Sri Dr Mohd Uzir Mahidin said the change of Leading Index (LI) augmented in October 2018 registered a growth of […]
Read MoreSINGAPORE – The Singdollar rose against the ringgit on Thursday (Dec 20), a trend that has continued since April, when the Malaysia ringgit was strongest against the Singdollar this year. Then, one Singdollar could buy RM2.936. A check on Thursday showed that one Singdollar could buy RM3.0525. Reasons for the ringgit’s decline include political uncertainty and falling […]
Read MorePETALING JAYA: Malaysia is expected to see a dip in merger and acquisition (M&A) transactions next year, with 292 deals amounting to US$12.2 billion (RM50.9 billion) compared with the 311 deals amounting to US$13.2 billion transacted this year. According to the fourth edition of the Global Transactions Forecast, issued by Wong & Partners, the Malaysian member […]
Read MorePETALING JAYA: The inflation rate rose at a slower pace of 0.2% in November from a year ago compared with a Bloomberg forecast of 0.4% as fuel-related inflation declined due to weaker crude oil prices. The Statistics Department said yesterday the increase in the consumer price index (CPI) was due to housing, water, electricity, gas […]
Read MoreKUALA LUMPUR: Berjaya Corp Bhd (BCorp) founder and executive chairman Tan Sri Vincent Tan plans to take private his convenient chain store operator 7-Eleven Malaysia Holdings Bhd as well as property and hotel business unit Berjaya Land Bhd (BLand). The tycoon has also set in motion plans to list his mobile telecommunications service provider U Mobile Sdn Bhd on Bursa Malaysia and the hotel business […]
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