KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the greenback strengthened slightly due to final talks on the proposed US$900 billion COVID-19 aid bill by White House officials and congress leaders. At 9.03am, the ringgit was quoted at 4.0350/0400 versus the greenback, compared with 4.0320/0370 yesterday. An analyst said that […]
Read MoreKUALA LUMPUR: The World Bank expects Malaysia’s economy to grow by 6.7% next year after a projected contraction of 5.8% this year due to the impact of the Covid-19 pandemic. It said on Thursday the positive factors which could help underpin the recovery would be the successful containment of the third wave of the19 infections. […]
Read MoreKUALA LUMPUR: The World Bank has suggested the government look into a fiscal policy that strives towards raising revenue and enhancing spending efficiency. In terms of revenue, the government may consider strategies that prioritise increasing the progressivity of the personal income tax framework, it said. The World Bank said the government could look into removing […]
Read MoreKUALA LUMPUR: The worst is over for Malaysia’s property, with major impairment on unsold inventories having been mostly done over the last nine months. Maybank Investment Bank Bhd (Maybank IB) said positioning the sector for recovery is in line with better economic outlook in 2021. “In our view, the undemanding sector valuations of 0.4 times […]
Read MoreKUALA LUMPUR (BERNAMA) – Malaysia is well-positioned for an economic recovery in 2021 as it is poised to leverage on the uptrend in external demand for commodities and manufacturing as well as its lower reliance on tourism and services exports compared to regional peers like Singapore and Indonesia, said CGS-CIMB. The research house said other […]
Read MorePETALING JAYA: Industrial production is anticipated to remain lacklustre in the fourth quarter this year due to the resurgence of Covid-19 that has forced the re-implementation of city lockdowns in most major economies, said AllianceDBS Research. It projected that the Industrial Production Index (IPI) will decline 5.8% year-on-year (y-o-y) by end-2020 as compared to a […]
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