KUALA LUMPUR: The Malaysian consumer sector is expected to remain resilient and grow, amid undemanding valuations. This is the view of UOB Kay Hian Research (UOBKH), which said in a report yesterday that fears of margin compression arising from high commodities prices and operating costs have eased. “Overall demand and sentiment appear intact. Furthermore, the […]
Read MoreKUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy which is less dependent on commodities, aside from its pragmatic and responsive policies, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar. He noted that the agriculture and mining sectors now only contribute 14 per cent […]
Read MorePETALING JAYA: Earnings of plantation companies have likely peaked in the second quarter of 2022 (2Q22) as the average crude palm oil (CPO) price of RM4,116 per tonne in July-August is more than one-third lower compared with 2Q22. CGS-CIMB Research said CPO prices could weaken due to higher Indonesian palm oil exports following the recent […]
Read MoreKUALA LUMPUR: Malaysia’s Industrial Production Index (IPI) is expected to remain favourable for the year (5%), underpinned by sustained improvements in domestic spending and steady external demand, although that is expected to gradually moderate going forward. Public Investment Bank Bhd said electrical and electronics (E&E), as well as the exports of other manufactured goods, will […]
Read MoreKUALA LUMPUR: Interest rates in Malaysia or the overnight policy rate (OPR) will be increased at a gradual pace as there are “side effects” to hiking them too aggressively, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic). “Our economy was growing strongly in the first half of the year at 6.9% and so […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth may surpass the official estimates of between 5.3 and 6.3 per cent in 2022 as the country saw faster growth in the second quarter at 8.9 per cent and expected strong performance in the third quarter. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said Malaysia is likely to […]
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