PETALING JAYA: Newly-appointed International Trade and Industry Minister Darell Leiking sees opportunities for Malaysia in the event of a trade war between the US and China. “China is a very big importer of our goods, so there are a lot of opportunities for us during a trade war. “We can engage with China (on the […]
Read MorePETALING JAYA: The increase in electricity tariff, which can result in an additional cost of more than RM100mil per annum to the iron and steel industry, may impede the recovery of the sector. According to the Malaysian Iron and Steel Industry Federation (Misif), the industry, despite having emerged from the doldrums, continued to operate in […]
Read MoreKUALA LUMPUR: Malaysia Rail Link Sdn Bhd (MRL) has instructed China Communications Construction Ltd (CCCC) to suspend all works under the engineering, procurement, construction and commissioning contract (EPCC) of the East Coast Rail Link project with immediate effect. Theedgemarkets.com reported on Wednesday that it had sighted a letter from MRL instructing CCCC to suspend all […]
Read MoreKUALA LUMPUR, Malaysia — Malaysia’s government said Tuesday a major China-backed rail link project can only be viable with a “drastic” price reduction by the Chinese contractor as the actual cost of the venture is 81 billion ringgit ($20 billion). The 688 kilometer (430 miles) East Coast Rail Link is a key part of China’s regional […]
Read MoreKUALA LUMPUR: The World Bank sees Malaysia as having a strong expanding economy, but the key to maintaining its success is to put more emphasis on developing its healthcare and education system.The World Bank, in its latest report on the country, has forecast growth to remain steady at 5.4% this year. “What we continue to […]
Read MorePETALING JAYA: Countries like Malaysia could face the risk of a contagion effect from emerging market (EM) crisis due to the high level of debt despite not operating under the environment of “twin deficit”. AmBank Group chief economist Dr Anthony Dass said on Monday the risk of a contagion effect was premised on the country’s […]
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