Malaysia

December 4, 2018

Malaysian palm oil price slips nearly 2% on worries of high stockpiles

KUALA LUMPUR: Malaysian palm oil futures fell nearly 2 percent at the close of trade on Monday after reaching a more than one-week peak, hit by concerns over high stockpiles and expectations that Indonesia would remove its palm oil export levy. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 1.96 percent at 2,000 ringgit ($480.42) a tonne at the end of the […]

December 3, 2018

bizdx_arz_0312_Malaysia inflation ratePDF

Malaysia’s key overnight policy rate likely to remain at 3.25%

PETALING JAYA: Despite inflationary pressure building up, the overnight policy rate (OPR) is expected to be maintained at 3.25% next year if gross domestic product (GDP) growth does not slide below 4%, according to economists. When contacted by StarBiz, many of them concurred that inflationary pressure would build up but it would unlikely to justify a hike in the OPR. […]

December 3, 2018

Jakarta, KL, Bangkok seen as export markets for fashion items

MANILA, Philippines — Southeast Asian cities like Jakarta, Kuala Lumpur and Bangkok present opportunities for Philippine exporters and retailers as consumers in these markets are willing to spend for fashion items, the Philippine Exporters Confederation Inc. (Philexport) said. Citing a survey conducted by the Hong Kong Trade Development Council (HKTDC), Philexport said the three markets […]

December 3, 2018

Malaysia: AmBank ramps up digital strategy

PETALING JAYA: Malaysia’s sixth largest banking group by assets, AmBank Group, plans to ramp up the digitalisation of its financial services as it looks to invest RM150mil over the next two years for its digital strategy. Group chief operations officer Datuk Iswaraan Suppiah said the RM150mil capital expenditure represented an increase of 50% as compared […]

November 30, 2018

Cambodia: Malaysia’s GHL to buy 51 percent of Speed Pay

Electronic payment service provider Speed Pay Plc plans to dispose of 51 percent of its stake to Kuala Lumpur-listed online transaction servicer GHL Systems Bhd for $2.04 million, the Malaysian company said in a filing to the local bourse yesterday. The company said the move was part of its plans to expand its footprint in […]

November 30, 2018

Malaysia’s biggest co-working operator plans more Philippine branches

MANILA, Philippines — Common Ground, Malaysia’s biggest co-working operator, plans to spend up to $15 million over the next two years to set up 10 branches in the Philippines. Common Ground co-founder Erman Akinci, in an interview, said the firm, in partnership with private investment firm MVP Global Infrastructure Group, is committed to put up […]

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