MALAYSIA and Hong Kong are set to develop even stronger trade ties as Hong Kong will soon ink a Free Trade Agreement with Asean. At the launch of the Hong Kong Trade Development Council’s (HKTDC) mega promotion event, “In Style Hong Kong”, its chairman Vincent H.S. Lo said the pact would increase the significance of […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production in September expanded at a pace well below expectations, as growth slowed across all sectors. Factory output grew 4.7% from a year earlier in September, below the 6.1% annual rise forecast in a Reuters poll. Industrial output was up 6.8% in August. Manufacturing output grew by only 5.7% year on […]
Read MoreKUALA LUMPUR: Malaysia’s industrial output in September rose at a slower pace of 4.7% from a year ago, which was below a Bloomberg survey of 6.3%, due to slower manufacturing growth. The Statistics Department said on Thursday that the manufacturing index expanded by 5.7%, mining 2.1% and electricity (2.2%). “Year-on-year basis, manufacturing sector output rose […]
Read MoreKUALA LUMPUR: Bank Negara’s Monetary Policy Committee (MPC) has maintained the benchmark overnight policy rate (OPR) at 3% as the current stance of monetary policy is accommodative. The central bank’s call to retain the OPR was made during its meeting today based on several ongoing positive factors in the local and global fronts. “At the […]
Read MoreKUALA LUMPUR: RHB Research expects ringgit to recover gradually over time, as it has overshot on the downside from its fundamental value. The research house said ringgit strengthened by 0.1% to the RM4.227 per US dollar level in the first week of November, after depreciating by 0.1% in October. “This was mainly due to […]
Read More[KUALA LUMPUR] Malaysia Building Society Bhd (MBSB) said it plans to acquire Asian Finance Bank (AFB) from its foreign shareholders for 645 million ringgit (S$207.8 million) in a deal that would give the non-bank lender a banking license. Malaysia Building Society said it had agreed with AFB’s shareholders – Qatar Islamic Bank, Financial Assets Bahrain, […]
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