PETALING JAYA: Business sentiment remains bleak over the next three months as the conditional movement control oder (CMCO) further eroded business cashflow by about one-third, according to a RAM Ratings survey. The results of the latest RAM Business Confidence Index (RAM BCI) survey for Q4 2020 showed that the overall index was little changed at […]
Read MoreTHE rally in commodity prices will likely cause prices especially of food to go up and with the present focus on growth, not much may be done to control this inflation. Commodity prices, climbing on expectations of normalising demand, can even cause an “explosion in other prices, ” once demand resumes to normal levels. Will […]
Read MorePETALING JAYA: With Malaysia hit by its first rating downgrade in over 20 years, there is an urgent need for the government to address concerns raised by one of the world’s largest rating agencies. Among others, these concerns include domestic political uncertainties, weakened public sector finances and still-fragile economic growth. Failure to sufficiently address the […]
Read MoreKUALA LUMPUR: Fitch Rating’s decision to downgrade Malaysia’s long-term foreign currency issuer default rating (IDR) to BBB+ from A- is unlikely to impact its financial markets on a sustained and significant basis, RHB Research said. It said on Monday the downgrade was unlikely to be followed by S&P and Moody’s in the next few months. […]
Read MoreKUALA LUMPUR: Malaysia recorded a 78.6% fall in tourism arrivals from January to September contraction in the tourism industry due to the Covid-19 pandemic which has impacted the tourism sector globally. Bernama reported on Monday the number of tourists fell to 4.29 million compared with over 20.10mil in the previous corresponding period with the Movement […]
Read MorePETALING JAYA: Malaysia’s crude palm oil (CPO) production may have dropped further in November due to heavier-than-usual rainfall caused by La Nina, worker shortage and seasonality factors. The lower output, which in turn leads to a decline in Malaysia’s palm oil stocks, is expected to support CPO prices moving forward. After a 7.8% month-on-month (m-o-m) […]
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