ANN/THE STAR – The current ringgit rate would offer a competitive advantage for Malaysia’s exports to the United Kingdom (UK), besides boosting the local tourism industry, said analysts. SPI Asset Management managing director Stephen Innes said a strengthened pound sterling would make Malaysia an attractive and affordable travel destination for UK travellers. “The appreciating pound […]
Read MoreKUALA LUMPUR: The decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is in line with the global economic development and the inflation rate in Malaysia which shows a declining trend and remains stable. The Ministry of Finance (MoF) said in a statement today that although the global economic outlook is affected […]
Read MoreKuala Lumpur MALAYSIA’S central bank maintained the overnight policy rate (OPR) at 3 per cent on Thursday (Jul 6), with inflation easing and the country’s economic growth moderating in recent months. The decision was widely expected by economists as the country’s inflation has shown signs of cooling. In a Reuters poll of 25 economists, 22 had […]
Read MorePETALING JAYA: Manufacturing activities in Malaysia will likely remain subdued for the next several months amid soft global demand. This follows the 10th consecutive month of the sector’s contraction, as indicated by the country’s manufacturing purchasing managers’ index (PMI) in June 2023, which remained below the 50-point threshold separating monthly expansion and contraction. According to […]
Read MorePETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim, whose popularity is about to be tested in the upcoming elections in six states, faces increased challenges as the Malaysian economy is likely to slow down in the second half of 2023 (2H23). The softer economic outlook, amid worries about another round of interest rate hikes, adds […]
Read MoreKUALA LUMPUR: Malaysian economists have foreseen the potential growth of Chinese tourists to boost the Southeast Asian country’s tourism industry, reported Xinhua. PublicInvest Research said in its recent report that it expects China to contribute to the recovery of the global tourism industry, including Malaysia. According to the research house, the resurgence of Chinese tourists […]
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