PETALING JAYA: The Malaysian financial markets continue to function efficiently with ample liquidity despite recent developments in the country, said the Bank Negara financial markets committee. In a statement yesterday, the financial markets committee said the foreign exchange (FX) transaction volume remains healthy at US$14.6bil, supported by two-way flows while the US dollar (USD) to […]
Read MoreLONDON: Britain’s biggest retailer Tesco, which is reviewing its operations in Malaysia and Thailand, has completed its exit from China with the 275 million pound (US$357 million) sale of its joint venture stake to state-run partner China Resources Holdings (CRH). Having struggled to crack the Chinese market, Tesco established the Gain Land venture with CRH […]
Read MoreKUALA LUMPUR: Bank Negara is closely monitoring conditions in the financial markets, in light of the recent developments surrounding the country’s political landscape. “While ringgit movements will continue to be market-determined, Bank Negara’s market operations will ensure sufficient liquidity and orderly financial market conditions, ” it said in a statement here yesterday. At 5 pm […]
Read MorePETALING JAYA: The policies under the recently announced National Automotive Policy 2020 (NAP 2020), though considered a win for the local automotive sector in general, will benefit the national carmakers the most. Kenanga Research said in a report that Perodua would be the biggest beneficiary of the NAP 2020, especially in light of the push […]
Read MoreKUALA LUMPUR: The Consumer Price Index (CPI) increased by 1.6% in January 2020, the fastest since May 2018, due to higher transport costs following rising fuel prices. The CPI rose to 122.4 from 120.5 a year ago but the 1.6% increase was slightly slower that the 1.7% forecast by economists in a Bloomberg survey. The […]
Read MorePETALING JAYA: The Covid-19 outbreak may have yet another casualty on its hit list: corporate tax collections to the national coffers. Sources told StarBiz that there is an issue that would likely come up now with projected corporate tax collections, the main driver of government revenue, expected to fall. The corporate tax collection could be […]
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