KUALA LUMPUR: Malaysia’s economic growth could accelerate beyond 2020 if commodity prices were to pick up on the back of a recovery in global economic growth. Moody’s Analytics chief Asia-Pacific economist Steven G. Cochrane said Malaysia’s economic growth would likely slow down in the next two years as weak global economic outlook could weigh on […]
Read MoreKUALA LUMPUR: The inflation rate in October rose 0.6% from a year ago due to higher price for housing and food but Kuala Lumpur exceeded the national rate to increase by 1.3%. The Statistics Department said on Friday the inflation rate, as measured by the Consumer Price Index (CPI), increased in line with the forecasts […]
Read MoreSINGAPORE: Malaysian bonds have an advantage over their peers when it comes to attracting investors – low volatility. The sovereign debt has comparable volatility to Singapore and South Korea, yet offers almost twice as much yields, according to Bloomberg calculations. That may explain why Malaysian bonds have gained every month since May, even as the government disclosed borrowings were 60% higher than thought […]
Read MoreKUALA LUMPUR: RAM Ratings expects headline inflation to speed up to 2.7% in 2019 after averaging 1% in 2018, mainly due to higher fuel prices and the reintroduction of the sales and service tax (SST). The rating agency said there would be additional pressure from the switch to targeted fuel subsidies, along with its anticipation […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell marginally on Thursday as concerns over high inventory levels overshadowed optimism linked to a crude oil price rally. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,002 ringgit ($477.80) per tonne in the first-half session of trading. Trading volumes stood at 16,228 lots of 25 tonnes each at the midday […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures touched their lowest in more than three years on Wednesday, shedding gains from the previous session, as a plunge in crude oil prices dented sentiment. Palm oil prices are influenced by movements in crude oil, as the edible oil is used as feedstock to make biodiesel. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 1.3 percent at 1,960 ringgit […]
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