[SINGAPORE] Malaysia’s central bank is likely to keep interest rates unchanged Thursday, although pressure is building for more easing as US-China trade risks continue to rage. Of the 24 economists in a Bloomberg survey, 16 are forecasting the benchmark interest rate will stay at 3 per cent, while eight project a 25 basis-point cut. Swap […]
Read MoreBUILDERS, take note: Cement is expected to cost more in Malaysia by year-end, and the global softness in steel prices may not be felt by buyers either, according to research by UOB Kay Hian. That’s as demand for building materials bounces back on industry growth. The construction industry is expected to pick up this quarter on […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index (IPI) expanded by 1.2% in July, which was slower than a Bloomberg forecast of a 3.1% increase. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin the growth in July was driven by the increase in the index of the manufacturing (4%) and electricity (2%) segements. However, the index of […]
Read MoreIN 2018, Malaysia had its first change of government since independence from the British over six decades ago. Hopes were high on the newly elected government, expecting radical changes and improvements in governance. An area of concern is youth unemployment which was at 10.9% in 2018 from 9.9% in 2011 when compared to the total […]
Read MoreKUALA LUMPUR: Malaysia is looking to diversify into food crops, in the face of fluctuating commodity prices and Western countries’ hostility towards palm oil. In an interview with The Straits Times, Agriculture and Agro-based Industry Minister Salahuddin Ayub said there are plans to plant more food crops on agricultural land, including in oil palm plantations. […]
Read MoreLaos, Malaysia and Thailand have agreed to expand a trilateral power deal, under which Lao electricity will be sold to the Malaysians via the Thai grid, Thailand’s minister of energy said Thursday. “Thailand, Laos and Malaysia achieved a new purchase deal, raising the capacity from 100 to 300 megawatts,” Sontirat Sontijirawong, Thailand’s minister of energy, […]
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