KUALA LUMPUR: The International Monetary Fund (IMF) expects the Malaysia economy to grow at a slower pace of between 5% and 5.5% in 2018 and inflation to rise at a slower pace. It said on Tuesday while the cyclical upturn will begin to normalise, momentum in activity is expected to remain strong in the first […]
Read MoreKUALA LUMPUR, Dec 8: Grab, Malaysia and Southeast Asia’s leading e-hailing service, has received e-money licence for payments services from Bank Negara Malaysia (BNM). GrabPay Managing Director Jason Thompson said that with the licence, it can now link the service to stores and restaurants so that customers can benefit from the cashless service. “GrabPay is built […]
Read MoreKUALA LUMPUR, Dec 8: To embrace the digital economy, Bank Negara Malaysia (BNM) has taken various step to enhance the e-payment platform, hence moving the country towards a cashless society. Governor, Tan Sri Muhammad Ibrahim said, effective July 1, 2018 the Instant Transfer fee of 50 sen will be waived for up to RM5,000 per transaction […]
Read MoreKUALA LUMPUR: Moody’s Investors Service has affirmed the Government of Malaysia’s local and foreign currency issuer and senior unsecured bond ratings at A3. The outlook is maintained at stable. It said late Thursday the key drivers underpinning the A3 rating and stable outlook are: 1. Moody’s expectation that the government’s debt burden will remain high […]
Read MorePETALING JAYA: Malaysia’s trade performance in October saw the country hit its highest trade surplus in about 18 months with exports crossing the RM80bil mark for the third time this year. The jump in the trade performance comes after the Nikkei Malaysia manufacturing purchasing manager’s index in November hit its highest point since April 2014 […]
Read MoreKUALA LUMPUR: Malaysian exports in October rose 18.9% to RM82.41bil, exceeding a Bloomberg forecast of a 17% increase, underpinned by an higher exports of electrical and electronic (E&E) products and petroleum products. The Ministry of International Trade and Industry (MITI) said on Wednesday that exports had exceeded the RM80bil mark for the third time in […]
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