PETALING JAYA: Economic growth for Malaysia in the second quarter of this year came in at 4.5%, which was below the consensus estimates of more than 5%. According to Bank Negara Malaysia, supply disruptions in the second quarter resulted in the slower economic growth. In comparison, GDP growth was 5.8% in the corresponding quarter of […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth pace likely slowed again in the second quarter of 2018, a Reuters poll showed. The median of forecasts from 14 economists is for annual growth of 5.2 percent in April-June. That would be a dip from January-March’s 5.4 percent and make the latest quarter – during which Malaysia surprisingly got […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell on Wednesday to their lowest in nearly two weeks in the second half of trade, tracking losses in U.S. soyoil and on weak export demand. Also, weighing on sentiment was weakness in the Indian rupee which has made imports expensive for local buyers in the South Asian nation. This will hurt palm oil […]
Read MoreKUALA LUMPUR: The government has yet to finalise the direction for the East Coast Railway Line (ECRL) project in respect of whether to continue with it or otherwise, and is dependent on discussions currently underway. Finance Minister Lim Guan Eng said the Selangor state government had opposed the project as the rail network from Gombak […]
Read MoreKUALA LUMPUR: The ringgit slid further against the US dollar in early trade today, reaching an eight-month low amid escalating tension between Washington and Ankara. At 9 am, the local note was traded at 4.0970/1000 versus the greenback from yesterday’s close of 4.0950/1000. Hermana Capital Bhd Chief Executive Officer and Chief Investment Officer Datuk Nazri […]
Read MoreKUALA LUMPUR: The International Trade and Industry Ministry (Miti) expects Malaysia to be impacted by the financial crisis in Turkey. Minister Darrel Leiking, however, said that the ministry would ensure Malaysia’s trade with Turkey remained protected and would come up with solutions to help industries potentially affected by the crisis. “Whenever there is a financial […]
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