JAKARTA: Malaysia and Indonesia agreed that global prices of palm oil should be determined by the two biggest producers and they should not compete, Malaysia’s Prime Minister Ismail Sabri Yaakob said after meeting Indonesia’s President Joko Widodo on Friday. Palm oil prices were among several issues the two leaders discussed in their meeting in Jakarta, […]
Read MoreKUALA LUMPUR, March 31 ― An expected rise in inflation in the second half (H2) of this year may trigger Bank Negara Malaysia (BNM) to raise interest rates, according to research houses. In a research note today, Public Investment Bank Bhd (PIVB) said it is projecting headline inflation at above 3.0 per cent and core […]
Read MoreKUALA LUMPUR, March 31 ― The ringgit has extended its upward momentum against the greenback, as the US dollar retreated amidst concerns over the United States’ (US) gross domestic product (GDP) data which revealed a lower-than-expected reading, said an analyst. At 9am, the local currency strengthened to 4.2015/2050 against the greenback from 4.2030/2055 at yesterday’s […]
Read MoreWITH Singapore and Malaysia fully reopening their international borders from Apr 1, UOB Kay Hian (UOBKH) is anticipating their aviation sectors to chart a strong recovery in passenger volumes and earnings over the immediate years to come. Both countries’ aviation sectors have been maintained at “market weight”. UOBKH projects Malaysia’s passenger traffic volumes to regain […]
Read More[KUALA LUMPUR] Malaysia’s central bank slightly lowered its economic growth outlook for this year and pledged any changes to its accommodative monetary policy would be “measured and gradual” as it flagged risks from the pandemic and geopolitics. Gross domestic product may expand 5.3-6.3 per cent this year, Bank Negara Malaysia (BNM) said in its annual […]
Read MoreKUALA LUMPUR: The Malaysian economy is expected to improve further, with growth projected to be between 5.3% and 6.3% in 2022. In 2021, Malaysia’s gross domestic product expanded by 3.1%. According to Bank Negara’s Economic and Monetary Review 2021 released today, the economic recovery is underpinned by the continued expansion in external demand, full upliftment […]
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