PETALING JAYA: The Malaysian economy could take a turn for the worse, economists warned as some anticipate growth to drop below the 4%-mark in the fourth quarter (Q4)of 2019. In such a case, this would be the weakest quarterly economic performance since the Pakatan Harapan government took office in May 2018. CGS-CIMB Research, which expected […]
Read MoreKUALA LUMPUR (CNA) – Malaysia’s economy is expected to expand by 4.8 per cent this year, Prime Minister Mahathir Mohamad said yesterday, maintaining the government’s forecast as it braces for a potential global slowdown tied to the novel coronavirus outbreak. Mahathir said the government expects the economy to improve on the 4.7 per cent growth […]
Read MorePETALING JAYA: While the three banks Bank Negara has identified as crucial to the domestic banking sector are well-capitalised, the new regulatory framework would make mergers and acquisitions (M&A) more costly, says S&P Global Ratings. The rating agency believed the new systemically important banks (D-SIBs) framework would discourage Malaysian banks from contemplating domestic M&A, as […]
Read MorePETALING JAYA: The aviation sector is among the worse hit in terms of business from the outbreak of the novel coronavirus (2019-nCoV) and this has forced airlines to seek ways to cushion the blows. Airlines are restrategising in terms of their capacities and are also embarking on cost-cutting measures, at least until there are more […]
Read MoreKUALA LUMPUR: Malaysia has postponed its biggest palm oil conference that typically draws thousands of industry players from more than 50 countries, according to sources. The Palm and Lauric Oils Price Outlook Conference and Exhibition or POC2020, originally scheduled for March 2-4, will be rescheduled to June. The event secretariat cited “space availability” as the […]
Read MoreKUALA LUMPUR: Malaysia remained an attractive investment destination for Japanese firms despite the current weak global economic environment. Japanese Chamber of Trade and Industry (Jactim) vice-president Daiji Kojima said the cost of doing business in Malaysia is still affordable and the country’s geographic location is also good for trade movement. “(However) other Asean countries are […]
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