(Bloomberg) — Malaysia is expected to raise its benchmark interest rate again Thursday, as the Southeast Asian nation seeks to cool persistently high inflation ahead of a general election due in weeks. Bank Negara Malaysia will hike the overnight policy rate by 25 basis points to 2.75% at its last policy meeting of the year, […]
Read MoreKUALA LUMPUR, Nov 2 ― MIDF Research expects Malaysia’s economic growth momentum to be sustained on the back of growing domestic demand despite the manufacturing Purchasing Managers’ Index (PMI) falling further to 48.7 last month from 49.1 in September 2022. The research house said that although the PMI readings continued to signal slowing demand, external […]
Read MorePETALING JAYA: The market is convinced that Bank Negara will raise its overnight policy rate (OPR) again tomorrow, although some economists questioned the need for a hike amid rising recessionary risks. A poll by Reuters found that 25 out of 27 economists surveyed predicted Bank Negara would hike its OPR by 25 basis points (bps) […]
Read MoreSINGAPORE: Citigroup said on Tuesday it had completed the sale of its Thailand and Malaysia retail banking businesses to Singapore’s United Overseas Bank (UOB) in a transaction expected to result in a regulatory capital benefit of copy billion. UOB said in a separate statement that it expects to complete the acquisition of Citigroup’s consumer banking businesses […]
Read MorePETALING JAYA: The Malaysian manufacturing sector registered a further loss of momentum during October. The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) slipped to 48.7 in October from 49.1 in September. The latest reading was indicative of a slight moderation in the health of the sector but one that was the strongest […]
Read MoreMALAYSIA’S central bank will tighten its policy rate by a quarter point for the fourth time in a row on Nov 3 as upside risks to inflation persist and to support the weakening currency, a Reuters poll showed. Bank Negara Malaysia (BNM) started raising rates in May even though inflation was within its target range […]
Read More
Thailand
