KUALA LUMPUR: Malaysia’s economy performed above expectations in the first quarter of 2019 (1Q19) and the country’s foreign investments staged a strong improvement, amid elevated external challenges. However, despite these positive developments, more warnings signs on the economy have begun to crop up. The country’s gross domestic product (GDP) grew 4.5% year-on-year (y-o-y) in the […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose to a more than two-week high on Thursday evening on better demand for the edible oil, moving up for the fourth straight day as they tracked gains in soyoil on the U.S. Chicago Board of Trade. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last up 2.5% […]
Read MoreKUALA LUMPUR: The ringgit opened lower against US dollar today as investors stayed on the sidelines due to external factors and as US-China trade tensions worsened. At 9am today, the ringgit was quoted at 4.1700/1730 against the greenback compared to 4.1630/1660 at yesterday’s close. A dealer said the blacklisting of Chinese technology giant, Huawei, would […]
Read More[KUALA LUMPUR] Malaysia’s economic growth slowed in the first quarter, dragged down by weaker trade and investment in the export-reliant nation. Gross domestic product expanded 4.5 per cent from a year ago, down from 4.7 per cent in the fourth quarter, the central bank said in Kuala Lumpur on Thursday. The median estimate in a […]
Read MorePETALING JAYA: The Malaysian rubber glove industry is expected to be a key potential beneficiary of the US-China trade war, said CGS-CIMB. The tariff hike on glove exports from China to the US could see a shift in US glove demand to Malaysian glove manufacturers. “We believe the tariff hike will increase the prices of […]
Read MorePETALING JAYA: The ringgit has hit a new low for the year, following continued uncertainty from the ongoing US-China trade war which has intensified over the past few days. The ringgit fell to 4.17 against the US dollar in yesterday’s trade, in line with the weakening seen in other regional currencies after the rise of […]
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