MALAYSIA’S central bank will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but will opt to move slowly despite a hawkish US Federal Reserve, a Reuters poll found. Although Malaysian inflation rose to 4.4 per cent in July, well above the […]
Read MorePETALING JAYA: Bank Negara Malaysia (BNM) has been urged not to further increase its overnight policy rate (OPR) as past efforts had little effect in quelling growing inflationary pressures. In a statement, former finance minister Lim Guan Eng said raising the OPR would instead adversely affect the people’s socio-economic wellbeing, the domestic investment climate and […]
Read MorePETALING JAYA: Malaysia’s rising inflation, which surged to its highest in more than a year in July, is unlikely to hinder the country’s third quarter (3Q) gross domestic product (GDP) performance for 2022. Malaysia University of Science and Technology professor Geoffrey Williams said he expects subsidies and price controls to continue for the rest of […]
Read MoreWITH the aim of achieving RM8bil in annual sales within the next five years, Gamuda Land will be focusing on deepening its footprint in its existing international markets, leveraging knowledge and familiarity to minimise risk while tapping into new prospects for growth. “Although sales in Malaysia has been commendable notwithstanding the pandemic, growth is limited […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth is expected to moderate in the second half of this year (2H22) after having surged 6.9% in 1H22. Sunway University economics professor Yeah Kim Leng said the slower economic growth anticipated in 2H22 is premised on the rapid cooling of the global economy. “Key indicators pointing to […]
Read MorePETALING JAYA: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) slipped to 50.3 in August from 50.6 in July, indicating a softer improvement in the health of the sector. The latest reading is representative of a gradual slowdown in the growth of manufacturing production and gross domestic product towards the end of […]
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