PETALING JAYA: Malaysia’s approved investment figures for 2019 may fall slightly behind the government’s target of RM200bil, even as the country seems to benefit from investment diversions caused by the US-China trade war. UOB Global Economics and Market Research expects the country to record a total approved investment of RM195bil for 2019, which marks a decline […]
Read MorePETALING JAYA: The FBM KLCI is set to enter 2020 with high caution, amid concerns of domestic political uncertainty and poor policy implementation, according to UOB Kay Hian Malaysia Research. This is coupled with an expected slowdown in domestic consumption, in response to inadequate pro-growth policy actions and a protracted US-China trade war. In a strategy […]
Read MoreMALAYSIA is considering selling stakes in energy giant Petronas to provinces where the company’s oil and gas fields are, Prime Minister Mahathir Mohamad said on Tuesday, in a bid to raise funds for the debt-laden government. Such a move may also give states such as Sarawak and Sabah a say in the running of Petronas, […]
Read MoreKUALA LUMPUR: Malaysia’s headline inflation is expected to increase modestly in 2020, with consumer price inflation to average higher in the range of 1.5%-2% next year compared with 0.7% projected for 2019, said the World Bank Group. In its 21st edition of the Malaysia Economic Monitor “Making Ends Meet” report launched yesterday, it said the higher […]
Read MoreLONDON: Britain’s biggest supermarket chain Tesco said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale. It said in a statement that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation […]
Read MoreKUALA LUMPUR: Slowing income growth among lower-income households and younger workers has contributed to perceptions of being “left behind”, according to the World Bank’s Malaysia Economic Monitor. The 21st edition of the report, which was launched here on Monday, pointed out although median incomes continue to outpace inflation, income growth rates for low-income Malaysians slowed […]
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