KUALA LUMPUR: S&P Global Ratings expects that Malaysia’s objective to escape the middle income trap will continue to be a challenge while credit risk is high because of the country’s high private-sector credit level relative to income. In its banking industry country risk assessment issued on Monday, it classified the banking sector of Malaysia in […]
Read MoreKUALA LUMPUR: Malaysia recorded an inflation of 4.3% year-on-year (y-o-y) in September, the highest since March, mainly due to the rise in transportation costs and prices of food and non-alcoholic beverages. According to the latest figures released by the Statistics Department on Friday, transportation costs in September rose significantly by nearly 15.8% y-o-y, the highest […]
Read MorePETALING JAYA: Digi.Com Bhd ’s strategy to lower the cost of its mobile Internet packages to win more customers is paying off. The telecommunication company said Internet revenue increased 8.3% in the third quarter ended Sept 31 to RM690mil from an expanded Internet subscriber base of 72%, which more than doubled its average data usage this year […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures extended gains on Monday evening, recording a fourth straight day of wins tracking higher crude oil prices and stronger export data from cargo surveyors. The benchmark palm oil contract price for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.2 percent at 2,762 ringgit ($655.20) a tonne at the close of trade. It […]
Read MoreKUALA LUMPUR: A total of 677 complaints were filed by airline consumers within a six-month period, a 92% increase from the corresponding period last year, according to the Malaysian Aviation Commission (Mavcom). In its second Consumer Report, which surveyed the period of March to August 2017, Mavcom revealed that an average of 17 complaints were […]
Read MoreKUALA LUMPUR: Vehicle sales in Malaysia fell 20.8% in September to 40,981 units from August due to the shorter working month and more stringent hire purchase rules, says the Malaysian Automotive Association (MAA). It said on Monday sales – comprising of 36,517 passenger vehicles and 4,464 commercial vehicles — fell 14.8% from the 48,125 units […]
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