KUALA LUMPUR: The Malaysian retail industry is expected to grow by 4.5% this year compared with 3.9% last year, due to the better business sentiment with China. Malaysia Retail Chain Association (MRCA) president, Datuk Seri Garry Chua said the good relations between Malaysia and China after the revival of the East Coast Rail Line (ECRL) […]
Read MoreKUALA LUMPUR: Malaysia is expected to meet its gross domestic product (GDP) growth target of 4.9% despite the challenges it faces. Finance Minister Lim Guan Eng said factors backing this confidence in the economy included the positive effect of implicit stimulus financed by the RM37bil refunds for the goods and services tax and the income tax. […]
Read MoreJAKARTA/BRUSSELS: Indonesian President Joko Widodo and Malaysian Prime Minister Mahatir Mohamad have signed a joint letter of objection to the European Union over its plan to phase out the use of palm oil in renewable fuel, and sent delegations to complain in Brussels. The letter was sent to the EU over the weekend, said Luhut […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today on concerns over the country’s inflation rate, a dealer said. At 9 am, the local unit was traded at 4.0900/0950 against the greenback from Friday’s close of 4.0870/0900. SPI Asset Management head of trading and market strategy Stephen Innes said the tepid domestic inflation […]
Read MoreKUALA LUMPUR: The current re-negotiations on the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil to RM60mil per km as well as a commitment by the Chinese government to buy Malaysian palm oil and bring in projects, according to sources. This means that the construction of the 688-km long ECRL, suspended last July […]
Read MoreKUALA LUMPUR: Electricity tariff in Malaysia is unlikely to see any changes, although there has been a dip in global coal and natural gas prices. This is because the current price of around US$90 per tonne for coal and RM28 per MMBtu for natural gas is still higher than the base rate of US$75 and […]
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