KUALA LUMPUR: Higher food prices pushed the Consumer Price Index (CPI) in Kuala Lumpur, Penang, Selangor and Putrajaya and Perak above the national inflation rate in August, according to the Statistics Department. In a statement issued on Wednesday, it said KL registered a 2.4% increase in the CPI, Penang (2%), Selangor and Putrajaya (1.8%) and […]
Read More[KUALA LUMPUR] Malaysia is advancing an anti-monopoly investigation into Singapore-based Grab Holdings Inc, ramping up a broader government push to bring greater competition to its economy. Malaysia Competition Commission chief executive officer Iskandar Ismail said last Thursday the anti-monopoly watchdog was stepping up the probe into the ride-hailing startup, which was first announced last year […]
Read MoreKUALA LUMPUR: Malaysia will start a nationwide demonstration of 5G projects next month, a minister said on Tuesday, indicating it was on track to become one of the first Asian countries to launch the technology. The government has said it wants to start rolling out the ultra-fast mobile internet service early next year, and unlike Vietnam and […]
Read MoreKUALA LUMPUR: RAM Ratings expects the country’s overall inflation rate to rise to 1.5% in August from 1.4% in July on higher food costs. In a statement issued on Tuesday, the rating agency said the marginally higher reading was underpinned by slightly greater inflationary pressure from the food component. Bloomberg’s consensus was a 1.5% increase […]
Read MoreKUALA LUMPUR: Malaysia’s export momentum has outperformed in South-East Asia, according to the Institute of Chartered Accountants in England and Wales’ (ICAEW) latest Economic Update: South-East Asia report. The momentum it said, reflected a more modest deceleration in export growth and resilient domestic demand, comparing the growth of trade-dependent economies such as Singapore, Thailand and […]
Read MoreKUALA LUMPUR Malaysian palm oil futures fell over 1% on Monday evening, extending losses into a fourth consecutive session on expectations of sluggish export demand and higher production. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.7% at 2,189 ringgit ($524.06) per tonne at the close of […]
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