KUALA LUMPUR: The ringgit opened higher against the US dollar today as the greenback eased against the major currencies on the back of optimism on the euro following the first round result of French election. At 9.13 am(0113gmt) Tuesday, the ringgit stood at 4.3890/3920 against the greenback from 4.3980/3000 registered at 6pm on Friday. (Monday […]
Read MoreTEMPO.CO, Jakarta – Malaysia-based construction company Eversendai expressed its interest in investing in Indonesian properties, oil and gas, petrochemical, electricity and EPC (engineering, procurement, and construction) projects. “They are also interested in establishing a medium-scale joint venture with Indonesian companies,” Villages, Disadvantaged Regions and Transmigration Minister Eko Putro Sandjojo said in press release after a meeting […]
Read MoreTEMPO.CO, Jakarta – Indonesia and Malaysia, the world largest Crude palm oil (CPO) producers hope they will eventually be able to set the worlds reference price for the commodity in future. “Indonesia and Malaysia are expected to increase collaboration to set the global price and marketing. The most important thing is the price of CPO,” Malaysias […]
Read MoreKUALA LUMPUR: The contribution of the digital economy to Malaysia’s gross domestic product (GDP), at about 17% currently, is expected to exceed the projected target of 20% earlier than 2020, said Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah. He expressed confidence that the level could be achieved earlier as Malaysia had started making […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange edged down 1 percent to 2,473 ringgit ($560.90) a tonne at the end of […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index (CPI) jumped 5.1% in March on year, the highest in eight years due to the low base last year and higher retail fuel prices compared to March 2016. The latest index, however, was marginally lower than Bloomberg survey of a 5.2% rise. The Statistics Department said the March CPI, […]
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