PETALING JAYA: Any attempt to raise the country’s benchmark interest rate too soon to pre-pandemic level may be detrimental to economic recovery. Currently, the overnight policy rate (OPR) stands at 2%, following a 25-basis-point (bps) hike in May from 1.75%. Prior to the Covid-19 outbreak, the rate was at 3%. Many economists are projecting at […]
Read MoreKUALA LUMPUR: Malaysia continues to be the most preferred market for retail investors to invest in this year, according to the 2022 CGS-CIMB retail investors’ sentiment survey. The survey, which was conducted from June 13-22 and included some 1,068 Malaysian participants, revealed that 63% of the retail investors picked Malaysia as their most preferred market […]
Read MorePETALING JAYA: Another round of spike in borrowing cost is anticipated when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. Economists are expecting a 25-basis-point (bps) hike in the overnight policy rate (OPR) to 2.25% at the July 6 meeting. This would be the first consecutive rise in the OPR in more than […]
Read MoreKUALA LUMPUR : Malaysia’s palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia’s return to the export market, a Reuters survey showed on Tuesday. Stockpiles in the world’s second-largest producer are forecast to rise 12.3 per cent from the prior month to 1.71 […]
Read MoreKUALA LUMPUR: The Department of Statistics Malaysia (DoSM) reported that Malaysia’s terms of trade expanded by 1.0 per cent month-on-month to 112.0 points in May 2022, boosted by rising export prices. Export prices increased 3.9 per cent to 148.6 points from 143.0 points in April 2022, while the import unit value index also went up […]
Read MorePublicInvest Research has maintained its “neutral” rating on the plantation sector and said Malaysian palm oil exporters may be facing stiffer competition in the coming months as Indonesia has proposed to raise palm oil export quotas last Friday due to excessive palm oil inventories in the world’s largest producing country. In a sector update on […]
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