KUALA LUMPUR (Nov 20): Exports of Malaysian palm oil products for Nov 1-20 fell 10.9% to 793,497 tonnes from 890,622 tonnes shipped during Oct 1-20, according to independent inspection company AmSpec Agri Malaysia said on Tuesday. Here is the breakdown of the AmSpec Agri Malaysia palm export figures for Nov 1 to 20 compared with […]
Read MoreKUALA LUMPUR: The ringgit retreated from Monday’s gains to open lower this morning against the US dollar, as the stronger greenback curbed demand for the local unit, dealers said. At 9.00am, the ringgit stood at 4.1950/2000 versus the US dollar from 4.1870/1920 recorded at 6 pm on Monday. The market was closed yesterday for the […]
Read MorePETALING JAYA: Malaysia has emerged as a clear winner in an in-depth analysis on potential beneficiaries of import substitution, as a result of the US-China trade war. A report by Nomura Global Markets Research analysed the 7,705 products included on the tariff lists, and estimated potential gains from import substitution for 13 Asian countries. It […]
Read MoreKUCHING: Budget 2019’s digital tax at the commercial level could potentially impact companies that rely on foreign digital services such as web hosting, AmInvestment Bank Bhd (AmInvestment Bank) opine in a N2N Connect Bhd (N2N) company report. According to AmInvestment Bank, these foreign digital services include web hosting, cloud storage, payment gateway and customer-relationship management […]
Read MorePETALING JAYA: Fitch Solutions Macro Research has cut its growth forecast for Malaysia for 2018 and 2019, following a weaker-than-expected performance in the third quarter of the year. The unit of rating agency Fitch Group now expects Malaysia’s gross domestic product (GDP) in 2018 to grow at 4.6%, compared with its previous forecast of 5.1%. […]
Read MoreSINGAPORE: Southeast Asia’s internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online. The study, first published in 2016, encompasses ride-hailing, e-commerce, online travel and online media. The latest report released on Monday adds new sectors such as […]
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