KUALA LUMPUR: RHB Investment Bank Bhd expects that Bank Negara would call for a 25-basis-point cut in the overnight policy rate (OPR) by year-end to ensure the sustainability of economic growth. Its head of regional equity research Alexander Chia, however, said the reduction would not further drag down the ringgit, which currently trades at around […]
Read MoreKUALA LUMPUR: Total Malaysian exports in March fell 0.5% year-on year (y-o-y) to RM84.05bil, beating Bloomberg’s survey expectations of a 3.4% decline. According to the Ministry of International Trade and Industry (MITI), the better-than-expected export performance led to a trade surplus of RM14.37bil, which was 2.2% lower from a year ago but higher than analyst […]
Read MoreKUALA LUMPUR: Malaysia’s central bank is likely to cut its benchmark rate to 3% at a policy review on Tuesday to cope with a slowdown in growth, a slim majority of analysts in a Reuters poll said. Seven of 13 economists polled see a 25 basis point rate cut while the other six said Bank […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures opened lower on Thursday morning, falling to its lowest in nearly seven weeks. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last down 1.1 percent at 2,073 ringgit ($501.33) a tonne. FUNDAMENTALS * Malaysian palm oil futures fell to its lowest in six weeks on […]
Read MorePETALING JAYA: Apple Inc and Samsung Electronics Co Ltd have posted results that are above and in line with street guidance, with investors now turning more bullish despite lower smartphone sales and slowing memory chip demand. Both Apple and Samsung are expecting a rebound in sales in the second half of the year on the […]
Read MoreKUALA LUMPUR: The Pakatan Harapan government is holding to its 14th General Election’s (GE14) pledges since its historic win nearly a year ago by allocating significant resources to support the growth of small and medium enterprises (SMEs) and encouraging their technological adoption. While the SME gross domestic product (GDP) growth is estimated to be sustained […]
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