THE year 2020 was an annus horribilis by any definition, and while there is now light at the end of the Covid tunnel with the arrival of vaccines on many shores worldwide, the world still has to grapple with its aftermath. At the time of writing, slightly over a year has passed since I took […]
Read MoreKUALA LUMPUR (BERNAMA) – The Malaysian government will introduce a new national investment policy to attract more high-quality investors as the country moves towards a high-income nation, Senior Minister cum International Trade and Industry Minister Mohamed Azmin Ali said. He said a working paper on the proposed policy has been approved and endorsed by the […]
Read MoreKUALA LUMPUR: The manufacturing sector underpinned the industrial production index (IPI) in January despite declines in the mining and electricity indices. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday the IPI grew by 1.2% from a year ago, driven by the manufacturing index with an increase of 3.5%. However, the mining and […]
Read MoreTHE Malaysian economy got an infusion of multiple packages of cash handout and financial relief, targeted loan repayment assistance, government spending and historic low interest rates to counteract against the ravaging impact of the Covid-19 global pandemic and movement restrictions. During a deep economic recession, keeping low interest rates, loan repayment assistance and easy credit […]
Read MoreKUALA LUMPUR: Bank Negara’s move to allow non-resident banks to trade in ringgit-denominated interest rate swap (IRS) effective March 15 is seen as a positive move by the central bank, signalling that it has the policy instrument and enough room to manoeuvre in the financial market, Juwai IQI Global chief economist Shan Saeed said. He […]
Read MoreKUALA LUMPUR: Malaysian banks’ earnings, which slumped last year due to sizeable pre-emptive provisions, should improve this year but their profit performance will likely remain clouded, RAM Ratings said. In the rating agency’s Banking Quarterly Roundup 4Q 2020 issued on Thursday, it expected an improvement in earnings with an upward bias in the net interest […]
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