KUALA LUMPUR: Kenanga Investment Bank Bhd believes that Bank Negara will retain the overnight policy rate (OPR) at 3.25% this year as part of the strategies to ensure capital market stability, ample liquidity and to remain supportive of banking industry growth. In a research note, Kenanga said year-to-date (YTD) loan growth has moderated to 5.1%, […]
Read MoreThe Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is the new acronym for the earlier botched Trans-Pacific Partnership (TPP), might pose serious problems for Asean countries that are signing up to this major trade and investment deal. Among the countries concerned, Malaysian policy-makers are having second thoughts on the country’s participation in the […]
Read MoreKUALA LUMPUR: Malaysia’s economy is likely to grow in February to April 2019, says the Department of Statistics. In the “Malaysian Economic Indicators: Leading, Coincident and Lagging Indexes for October 2018” report released yesterday, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the annual change of the Leading Index (LI) showed an improvement to […]
Read MoreKUALA LUMPUR: Economists in general say it is too early to institute any budget review given the fact that crude oil prices still remain uncertain at this juncture. Sunway University Business School Professor of Economic Yeah Kim Leng said the decline in crude oil prices was a temporary phenomenon, pending further development on the supply side. “We need to […]
Read MoreKUALA LUMPUR: Due to adequate reserve margin at 30 per cent and flat economic fundamentals, the power sector does not see much growth in 2018 even though the distribution side is still keeping pace with supply connections to new areas and new demands. Structural changes in the economy, depreciation of the ringgit, as well as […]
Read MorePETALING JAYA: Malaysia is entering 2019 with unsold completed residential units rising to 30,115 units as at Sept 30, 2018, an increase of 48.35% from the 20,304 units a year ago. According to the Valuation and Property Services Department’s (JPPH) latest figures released on Saturday, the total value was RM19.54bil, a 56.44% rise from RM12.49bil […]
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