Malaysia is succeeding in snuffing out currency speculation — now it has to deal with the fallout. Offshore trading in ringgit non-deliverable forwards has dropped by about 70% since policy makers took steps in November to deter foreign banks from trading the contracts, according to EBS BrokerTec’s electronic-trading platform. Now, officials are looking at easing […]
Read MoreKUALA LUMPUR: Amidst a dip in net interest margins in the banking sector, Public Bank Bhd (PBB) says it will focus on beefing up its non-interest income. “The industry outlook will remain challenging, moving forward. We will look very hard into increasing our fee-based income, which is one of our strategies going forward,” managing director […]
Read MorePETALING JAYA: The proposed Malaysia-European Union (EU) Free-Trade Agreement (FTA) is expected to boost total trade by 20% to 30% from the current 10%, said EU ambassador and head of delegation to Malaysia Maria Castillo Fernandez. She said this was based on the EU’s FTA with South Korea for the past five years, which rose […]
Read MorePETALING JAYA: Bank Negara expects the current account (CA) surplus to narrow in the years ahead, with the CA to register a surplus of between 1% and 2% of gross national income (GNI) this year. The central bank, in its annual report 2016, said the performance of the current account would continue to be influenced […]
Read MoreKUALA LUMPUR – Consumer prices in Malaysia rose at the fastest pace in more than eight years in February, adding to the central bank’s policy dilemma as it tries to keep interest rates low to support the economy. CPI rose 4.5% in February from a year ago, exceeding the median estimate of 3.9% in a […]
Read MoreKUALA LUMPUR: The Malaysian economy is expected to grow at a faster pace this year at between 4.3% and 4.8%, said Bank Negara. Last year, the economy grew by 4.2%. The central bank governor Datuk Muhammad Ibrahim (pic) said domestic demand would continue to be the main anchor of growth for this year, as well […]
Read More
Thailand
