KUALA LUMPUR: RAM Ratings sees inflation declining to -0.5% in January 2019 from +0.2% in December amid deflationary pressures from the transport fuel component. In its outlook report issued on Thursday, it said the average price of RON95 petrol was markedly lower (-13.1% on-year) at RM1.98 a litre in January, following the switch to the […]
Read MorePETALING JAYA: The FBM KLCI put up strong gains in yesterday’s trading session, rising 19.62 points or 1.15% to 1,726.18 points by the end of the day, recording its third day of gains. All Asian markets with the exception of Australia’s ASX rose, with gains in Malaysia being the strongest compared to other Asian markets. […]
Read MoreKUALA LUMPUR: The ringgit extended yesterday’s uptrend to open higher against the US dollar this morning as demand for the greenback was fragile amid uncertainty about the US-China trade talks, dealers said. At 9 am, the ringgit was quoted at 4.0700/0740 compared to Tuesday’s close of 4.0780/0830. He said the greenback was under pressure as […]
Read MoreKUALA LUMPUR: The ringgit was higher against the US dollar in early session today on better demand for the local note, said a dealer. At 9am, the ringgit was quoted at 4.0720/0770 compared 4.0870/0900 last Friday. The dealer said sentiment was also supported by steady oil prices, amid continuing concerns over political uncertainty in the […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth in the fourth quarter of 2018 (4Q18) has surpassed expectations, as the country’s gross domestic product (GDP) grew 4.7% year-on-year (y-o-y). This marks the economy’s first acceleration in growth over the last one year, following the continued slowdown in GDP growth after 3Q17 where it registered a 6.2% growth. In […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures jumped more than 1 percent in the second half of trade on Thursday, ending the day higher on expectations of slowing February output in line with seasonal trend and improving exports. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 1 percent at 2,272 ringgit ($557.68) a tonne […]
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