PETALING JAYA: In view of the continuing imbalance in the overall property sector, dominated by the office, retail and residential segments, banks will remain cautious when lending to the office space and shopping complex segments, Bank Negara’s Financial Stability Review for the first half of 2018 says. In the office and shopping complex segments, excess […]
Read MoreKUALA LUMPUR: The ringgit snapped its three-day losing streak to open higher against the US dollar early Thursday amid rising oil prices, a dealer said. At 9 am (0100 gmt), the local currency stood at 4.1380/1420 against 4.1390/1430 recorded at 6 pm Wednesday. A dealer said sentiment in the market was positive after the US Federal Reserve raised interest rates by […]
Read MoreKUALA LUMPUR: The budget deficit target for 2019 could be raised to 3% of gross domestic product (GDP) from the targeted 2.8% this year, Socio-Economic Research Centre’s (SERC) executive director Lee Heng Guie (pic) says. “I believe the deficit will be at a slightly higher level than the 2.8% mainly due to the lower revenue […]
Read MoreKUALA LUMPUR: Malaysia will take cautious steps to prevent product dumping in the local market created by the diversion from the trade wars, International Trade and Industry Minister Darell Leiking said. He said the ministry was aware of the possibility of import product dumping in the local market as global traders seek to elude the […]
Read MorePETALING JAYA: Despite the air of optimism sweeping over the oil and gas (O&G) industry amid rising oil prices, national energy company Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin believes that all players should still “tread cautiously”. Brent crude yesterday breached US$81 per barrel, its highest since 2014, due to the […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to continue growing at a slow rate between November 2018 to January 2019, in view of the current moderate trend, according to the Department of Statistics Malaysia. In a statement titled “Malaysian Economic Indicators: Leading, Coincident and Lagging Indexes June 2018” released yesterday, the department said the monthly change […]
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