PETALING JAYA: Helped by an easier rise in the prices of fuels, Malaysia’s inflation moderated to its slowest pace in 42 months in August, lower than consensus estimates. This, according to economists, strengthens expectations that Bank Negara will keep interest rates unchanged at the current “accommodative” level till the end of this year amid the need to balance between the risks […]
Read MorePETALING JAYA: Populist policies introduced by the government, along with an expanding economy and low levels of inflation and unemployment, have boosted consumer spending in 2018. Fitch Solutions Macro Research said high frequency indicators also pointed to the health of the Malaysian consumers, with consumer confidence and retail sales picking up since the beginning of […]
Read MorePETALING JAYA: The rubber industry is expected to become the number one commodity contributor to the the country’s economy as palm oil is facing difficulties in the international market, said Primary Industries Minister Teresa Kok Suh Sim. She said in terms of commodity export earnings, rubber and rubber products were currently the second largest contributor […]
Read MoreKUALA LUMPUR: E-commerce platform Shopee achieved a new milestone with the highest-ever single day sales performance in its history with over 5.8 million orders recorded; amounting to three times more than an average day. This was accomplished during its Shopee 9.9 Super Shopping Day, its biggest annual regional shopping event of the year on September 9, 2018. […]
Read MoreKUALA LUMPUR: CGS-CIMB is negative on British American Tobacco Bhd’s (BAT) decision to raise its selling prices by 50 sen per pack post SST, as it expects a negative impact on sales volume. “We are negative on the retail price increase, given the historical drop in BAT’s sales volume after previous rounds of retail price hikes. “We […]
Read MoreKUALA LUMPUR: Higher prices will persist following the implementation of the Sales and Services Tax (SST), particularly for tobacco products and alcohol, whereby importers and manufacturers have planned to pass the tax down to consumers. Sin stocks British American Tobacco (M) Bhd , Heineken Malaysia Bhd , Carlsberg Brewery Malaysia Bhd have implemented an industrywide price increase as they traditionally do […]
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