PETALING JAYA: Nomura Global Markets Research has forecast an average consumer price index (CPI) inflation of 3% for 2018 after the February inflation rate declined from a month ago. It said CPI fell to 1.4% year-on-year in February from 2.7% in January, well below consensus expectations of 1.9% but closer to its forecast of 1.6%. “The […]
Read MoreKUALA LUMPUR (REUTERS)- Malaysian state energy firm Petroliam Nasional Berhad (Petronas) is increasing capital expenditure for upstream activities slightly in 2018 from last year, upstream chief executive Mohd Anuar Taib said on Wednesday (March 21). Petronas, like other oil majors, was hit by the plunge in oil prices from mid-2014 highs, but sharp cost cuts […]
Read MoreKUALA LUMPUR: Experts are predicting that consumer spending in South-East Asia’s online economy will rise six and a half times, or 500% from US$30bil currently to US$200bil by 2025, fuelled by consumption of electronics, clothing, household goods and groceries as well as increased travel within the region. HSBC Bank Malaysia Bhd (HSBC) said South-East Asia […]
Read MoreMalaysia Tourism Council and Culture of Malaysia tourism promotion group cooperated with AirAsia to invite Cambodian and Lao reporters from 10 news outlets to visit Malaysia. The purpose of the trip was to demonstrate the nation’s achievements in its tourism sector. The participating journalists visited many famous tourist sites, including: KL Tower, which is 420 […]
Read MorePETALING JAYA: RAM Rating Services Bhd expects headline inflation to ease markedly to 1.8% in February, following two consecutive months of decline. In January, headline inflation fell to 2.7% while in December, it was down to 3.5%. “The lower inflation in February is primarily attributed to negative growth contribution from transport fuel amid lower retail […]
Read MoreKUALA LUMPUR: Malaysia’s government debt to gross domestic product ratio of 51 percent is ”quite high” compared with other countries with an ”A” sovereign credit rating, Moody’s Investors Service said. The high debt, however, was largely denominated in ringgit, mitigating external risks to the Southeast Asian nation. “Just to put things into perspective, Malaysia’s government […]
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