Malaysia’s flagship budget carrier AirAsia Group Bhd has given its strongest indication to date that it could exit India, saying on Tuesday it was reviewing its investment in a joint venture airline there. The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash […]
Read MoreFOLLOWING the signing of the Regional Comprehensive Economic Partnership (RCEP), doors will soon open to attract more investments and swell Malaysia’s trade with partnering countries. Almost 60% of Malaysia’s trade involve RCEP members and around 56% of Malaysia’s exports go towards the countries covered by the RCEP, given that Asean’s 10 members are Malaysia’s top […]
Read MoreKUALA LUMPUR: The ringgit extended its gains for the third consecutive day against the US dollar today on bullish sentiment surrounding the local and regional markets. At 9.10 am, the local currency stood at 4.1000/1050 against the greenback compared with Tuesday’s close of 4.1020/1070. Axi chief global market strategist Stephen Innes said the US dollar […]
Read MoreKUALA LUMPUR: Fitch Solutions has downgraded its growth forecast for Malaysia this year to -5% from -4.5% previously, according to its client note on Monday. “Downward revision was prompted by the worsening third wave of coronavirus infections, posing risks to the ongoing growth recovery, ” it said. Domestic demand and investment are likely to remain […]
Read MorePETALING JAYA: The sharp improvement in Malaysia’s gross domestic product (GDP) for the third quarter has led to optimism of growth in the fourth quarter, although this could now be slower than initially expected with the resurgence of Covid-19 cases. Kenanga Research said Bank Negara still has room to lean towards further monetary easing in […]
Read MorePETALING JAYA: Malaysia’s economy will continue to improve, albeit at a gradual pace, towards the end of the year and into 2021, after seeing a stronger-than-expected rebound in the third quarter. Economists said the gradual resumption of economic activities following the easing of the movement control order, as well as recovery in international trade, would […]
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