KUALA LUMPUR: The overall outlook for 2018 seems positive with the market expecting Malaysia’s gross domestic product (GDP) growth to moderate at around five to 5.5% following a stellar economic recovery last year, said Second Finance Minister Datuk Seri Johari Abdul Ghani. He said Malaysia’s eonomic conditions should remain conducive to support a more robust macroeconomic […]
Read MoreKUALA LUMPUR: Thailand, Indonesia and Malaysia’ pledge to withhold exports of 350,000 tonnes of natural rubber (NR) until March 2018 comes into immediate effect on Thursday. The three countries will also push ahead with greater domestic consumption of the commodity, according to the Bangkok-based International Rubber Consortium Ltd (IRCo). The IRCo said the withholding of […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today with the subdued global oil prices having an impact on investors’ appetite for the local note. At 9 am (0100gmt), the local unit stood at 4.0210/0240 against the greenback from 4.0130/0180 at the close Wednesday. The benchmark Brent crude traded at US$67.83 a barrel, […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) is estimated to moderate slightly to 5.0 per cent in 2018, with growth fundamentals appearing solid on the back of improving global fundamentals and higher oil prices. According to the OCBC Bank 2018 Global Outlook report, the country’s economic growth would like stay supported by further traction seen […]
Read MorePETALING JAYA: Following softer than expected loan growth in November, 2017 loan growth target for some banks may not be met. However, the banking sector could see stronger demand for financing in 2018, say analysts. According to Maybank IB Research, all hopes of a stronger rebound in loan growth towards year-end has been dashed, with […]
Read MoreMANILA, Philippines — Petron Corp. is investing $3.5 billion to more than double the capacity of its refinery in Malaysia by 2020, its top official said. The company’s expansion entails an additional 90,000 barrels per day for its Malaysian operations, Petron president and COO Ramon Ang said. “For the Malaysian refinery expansion, if we’re going […]
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