KUALA LUMPUR: Malaysia’s economic fundamentals remain strong due to its diversified economy, despite the recent downgrade by Nomura Global Markets Research on the Malaysian equity market, says the World Bank. World Bank Group’s macroeconomics, trade and investment lead economist Richard Record said Malaysia’s diversified income stream such as electrical and electronic manufacturing, commodities, natural resources, […]
Read MoreKUALA LUMPUR: Malaysia’s unemployment rate remained unchanged at 3.3% in November 2018 on track for the third straight month, according to the Statistics Department. Its chief statistician Datuk Seri Dr Mohd Uzir Mahidin said on Tuesday the number of unemployed persons was 516,200 which was an increase of 2.2% from a year ago. He said the labour […]
Read MoreKUALA LUMPUR: Malaysia will not lose its competitiveness to Vietnam even though it did not ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Malay Economic Action Council (MTEM) researcher Mohd Effuan Aswadi Abdul Wahab said there was no significant proof that there would be an increase in investment once a country signed a […]
Read MoreMalaysian government officials have come out to say they are still undecided on whether or not they will legalize cryptocurrency. The matter is still under consideration, which is frustrating those looking to seize the moment to help the Malaysian cryptocurrency industry grow. As neighboring South East Asian nations such as Thailand, Singapore, and Hong Kong […]
Read MoreNIBONG TEBAL: NTPM Holdings Bhd is investing over US$30mil to expand its tissue paper production facilities in Malaysia and Vietnam for the 2019 financial year. Group managing director Lee See Jin said the bulk of the budget, about two thirds, went towards the expansion of the Vietnam facility. “The new production line for the Vietnam facility, which is being installed currently, would be ready […]
Read MoreKUALA LUMPUR: Foreign funds acquired RM25.5mil net of local equities last week, bringing the nine-weeks of foreign net selling to an end. In its weekly fund flow, MIDF Research said Monday recorded a foreign net outflow of RM86.3mil, the highest in nine trading days while the local bourse gained 0.56% to close at 1,679 points. […]
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