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Indonesia, Malaysia agree palm oil prices should not compete

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, […]

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Malaysia: Ringgit continues upward momentum against US dollar

KUALA 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 […]

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Singapore, Malaysia aviation sectors near recovery to pre-Covid levels: UOBKH

WITH 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 […]

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Malaysia’s economy to grow up to 6.3% in 2022

KUALA 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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