UOB Kay Hian (UOBKH) expects market consolidation for Malaysia from March onwards to reflect the projected interest rate hikes, it said in a research report on Friday (Feb 18). The research team projects that the US Federal Reserve will raise its policy rate 5 times in 2022 to a total of 150 basis points (bp). […]
Read MoreKUALA LUMPUR: The ringgit recovered from yesterday’s losses to open higher against the US dollar today on steady commodity prices, said an analyst. At 9 am, the local currency appreciated to 4.1840/1865 versus the greenback from Thursday’s close of 4.1865/1880. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama that the elevated […]
Read MoreKUALA LUMPUR: The Institute for Democracy and Economic Affairs (Ideas) believes that the inflationary pressures and price hikes that Malaysia is facing is temporary and can be effectively controlled through proper monetary and fiscal policies. According to the Statistics Department, the country’s inflation rate (as measured by the Consumer Price Index) increased 3.2% year-on-year in […]
Read MoreKUALA LUMPUR: Malaysia’s new vehicle sales rose 22% to 40,581 units in January 2022 from 33,392 units registered in 2021, according to the Malaysian Automotive Association (MAA).] In its monthly update, MAA said of the total, passenger vehicles (PV) accounted for 33,668 units and commercial vehicles (CV) comprised 6,913 units. MAA said the total industry […]
Read MoreBANGKOK, Feb 14 — The Thai government is planning to reopen Thailand-Malaysia border in March to boost tourist arrivals, as Malaysian tourists have been the largest group of visitors to Thailand before the Covid-19 pandemic. The Centre for Covid-19 Situation Administration (CCSA) and Tourism Emergency Operation Centre (EOC) has been ordered to prepare and outline […]
Read MoreKUALA LUMPUR: Malaysia’s economy is set for a gradual recovery from the COVID-19 downturn, with real gross domestic product (GDP) growth at 3.1 per cent in 2021 and projected to accelerate to about 5.75 per cent in 2022, according to the preliminary findings of an International Monetary Fund (IMF) team. The team, led by Lamin […]
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