KUALA LUMPUR: Intensifying trade friction between China and the United States has left the local equity market sentiment cautious, creating an unstable environment for foreign fund inflows. Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said foreign funds were generally net sellers from Aug 13 to 17, and this has had a significant impact on […]
Read MoreTHE pressures keep piling even as emerging markets (EMs) take in more punches from increasing tariff turmoil, strong dollar and drying up of liquidity. As though investors have not been sufficiently pummeled in the China markets, the brewing financial crisis in Turkey is causing risk version in EMs, and leading to Germany’s call for Turkey […]
Read MoreBANK Negara has lowered Malaysia’s economic growth forecast for 2018 to 5% from its earlier estimate of 5.5%-6%. For those in the loop, the move is largely unsurprising. After all, the country’s economy has expanded below the 5.5%-level over the last two consecutive quarters. In fact, Malaysia’s gross domestic product (GDP) growth has been decelerating […]
Read MoreDARREL Leiking has his plate full as he takes over the reins of the International Trade and Industry Ministry, reviewing trade and investment policies and making adjustments in line with regional and global developments. And even as he ponders these developments there is the pressing question of whether or not Malaysia should ratify the Comprehensive and Progressive Agreement for […]
Read MoreThe Malaysian voters booted out the previous government largely premised on one main agenda – system-wide reformation. Pakatan Harapan’s promise to enact economic, institutional and political reforms successfully led the coalition to an unprecedented victory in GE14. Indeed, the outcome of GE14 has surprised most observers and research houses such as Nomura and RHB Research […]
Read MoreKUALA LUMPUR: Maybank Investment Bank Research expects AirAsia Group Bhd’s core net profit for Q2’18, which will be released on August 30, to come in at RM289mil, a 39% decline year-on-year and 10% decline quarter-on-quarter. This would bring 1H’18 core net profit to RM596mil, or 48% of its full-year forecast. The research house noted that yield pressure […]
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