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Malaysia central bank to hike rates again in July and September

BENGALURU: Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the U.S. Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with low inflation compared with many other economies, […]

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Malaysia: Concerns over trade surplus hitting 2-year low

WHILE growth in imports exceeding that of exports may be a temporary phenomenon, there are concerns that this may be a continuing trend against an uncertain global outlook. There is also concern that higher consumption from all the stimulus spending will increase imports but will not contribute to exports. Over the next few months, the […]

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Malaysia lifts 20-year ban on Thai rice flour exports

Malaysia is allowing Thailand to export rice flour to the western part of the country after shipments were halted for almost 20 years, Commerce Minister Jurin Laksanawisit said on Sunday. The move came after a long-standing ban on issuing licences for Malaysian importers to import rice flour to the west was lifted, he said. “We […]

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Malaysia: Poultry players’ earnings to improve slightly

PETALING JAYA: The higher ceiling price for broiler chickens and eggs may only provide “slight relief” to Malaysian poultry players, who have been battling margin compression for the past several months. TA Research analyst Tan Kam Meng described the recently-announced hike in ceiling price for chickens as only “marginal”. He also said that the increase […]

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