Malaysia’s ringgit touched the lowest level since the Asian financial crisis as investors continue to sell down emerging-market assets and after a crackdown on currency speculators last month exacerbated outflows. The ringgit declined as much as 0.1 per cent to 4.4805 per dollar, a level unseen since January 1998, according to prices from local banks […]
Read MoreBy Harry Handley In recent years, the Malaysian government has worked tirelessly to achieve their goal of becoming a high-income nation by 2020. Through the government’s Economic Transformation Programme (ETP), a number of key service industries have been heavily promoted and subsidized in order to make this goal become a reality – one of which […]
Read MoreMALAYSIA’S economy is expected to grow by 4.5 per cent in 2017 on strong private consumption but will continue to suffer from weak commodity prices and slowing private investment, the International Monetary Fund (IMF) said yesterday , according to Reuters. The economy has been buffeted by poor demand for its exports of commodities and liquefied […]
Read MoreBilateral trade between Malaysia and China from January to October 2016 hit RM191.65bil, up 1.2% from the same period last year. For the same period, exports fell 7.2% year-on-year (y-o-y) to RM77.40bil while imports rose 7.9% y-o-y to RM114.25bil, said the Malaysia External Trade Development Corporation (MATRADE) in a statement today. “Electrical and electronics products […]
Read MoreThe ringgit weakened against the US dollar, in early trade Thursday, weighed by poor sentiment in the market, a dealer said. At 9 am(0100gmt), the ringgit was traded at 4.4600/4650 versus the US dollar from 4.4440/4480 on Wednesday. A dealer said the US Federal Reserve (Fed) raised interest rates by 25 basis points, shifting attention […]
Read MoreThe government has announced a rebate of 1.52 sen per Kwh for nearly all consumers from Jan 1 to June 30 next year due to the lower fuel and generation costs. Tenaga Nasional Bhd (TNB) said on Wednesday the imbalance cost pass-through (ICPT) rebate would benefit all consumers except households with consumption of 300kWh and […]
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Thailand
