KUALA LUMPUR: The Producer Price Index (PPI) for local production declined at a slower rate of 2.1% year-on-year (y-o-y) in December 2020 compared with 3.0% in November 2020. The Statistics Department said the continuous increase in the index of agriculture, forestry & fishing (23.5%) and the positive change in manufacturing index (0.2%) reinforced the momentum […]
Read MoreKUALA LUMPUR, Jan 28 ― Moody’s Investors Service has affirmed Malaysia’s local and foreign currency long-term issuer and local currency senior unsecured debt ratings at A3, with a stable outlook. In a statement today, Moody’s said the rating affirmation is underpinned by its expectation that Malaysia’s medium-term growth prospects would remain strong, and the country’s […]
Read MoreKUALA LUMPUR: The Producer Price Index (PPI) for local production declined at a slower rate of 2.1 per cent year-on-year (y-o-y) in December 2020 compared with 3.0 per cent in November 2020. The Statistics Department said the continuous increase in the index of agriculture, forestry & fishing (23.5 per cent) and the positive change in […]
Read MoreKUALA LUMPUR: UOB Asset Management (M) Bhd expects another Overnight Policy Rate (OPR) cut to take place this year if the Movement Control Order (MCO 2.0) is extended beyond Feb 4,2021, or stricter measures are enforced by the government. Chief investment officer Francis Eng said however, a further interest rate reduction would not make Malaysia’s […]
Read MorePETALING JAYA: While economic conditions in Malaysia may have recovered from the lows of 2020, business sentiment has remained weak despite the billions of ringgit injected by the government to resuscitate the economy. The resurgence of Covid-19 cases has, to a large extent, stymied plans by businesses to expand operations and to increase capital investments, […]
Read MoreKUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system. The liquidity in the conventional system increased marginally to RM36.2bil from RM35.73bil in the morning, while in the Islamic system, it fell to RM19.6bil from RM28.03bil. Earlier yesterday, Bank Negara conducted two conventional money market […]
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