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Malaysia: Labour productivity growth to improve

PETALING JAYA: Malaysia’s labour market has been suffering from weak productivity growth in the past several years. The country, which aspires to be a high-income nation, has also seen its productivity levels lagging behind Singapore, Japan and South Korea – key regional economies that had once trailed Malaysia in terms of economic size per capita. […]

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Malaysia’s regulator, stock exchange announce temporary reliefs for listed firms

KUALA LUMPUR (REUTERS) – Malaysia’s Securities Commission and Bursa Malaysia announced on Wednesday (Feb 17) temporary relief measures for listed companies. The securities regulator and stock exchange will allow listed companies a one-month extension for issuing quarterly financial statements and annual reports. Listed firms with unsatisfactory financial conditions and inadequate levels of operations will be […]

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Immunisation will strengthen Malaysia in global supply chain

KUALA LUMPUR: The National Covid-19 Immunisation Programme, which is scheduled to begin next week, can strengthen the confidence of the business and investment sectors in the country, says the International Trade and Industry Ministry (Miti). Miti secretary-general Datuk Lokman Hakim Ali said the comprehensive vaccination programme would impact positively on the operations of the business […]

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A customer counts her ringgit notes outside a money changer at the central business district in Singapore in this August 25, 2015 file photo.  Malaysia's ringgit jumped more than 5 percent to a five-week high on October 7, 2015 on stop-loss dollar selling and higher local stocks.  The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1.     REUTERS/Edgar Su/Files
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Malaysia: Ringgit slightly higher on rising oil prices

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today as positive oil prices offset Movement Control Order (MCO) worries. At 9 am, the local currency rose to 4.0350/0400 against the US dollar from Wednesday’s close of 4.0370/0420. Axi chief global market strategist Stephen Innes said the ringgit snapped its run of gains […]

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Malaysia: Better outlook for banking sector

PETALING JAYA: The economic recovery is expected to bode well for the banking sector with loan growth forecast to pick up pace to 3.8% in 2021 versus 3.4% last year, according to Maybank IB Research. It attributed the growth to stable household loan growth and a pick-up in corporate lending. The research house said loan […]

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