PETALING 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 […]
Read MorePETALING JAYA: Higher retail fuel prices is the main reason that resulted in the rise of inflation in the country last month. According to the Statistics Department, the consumer price index (CPI), which is a gauge of headline inflation in the country, rose 1.8% in May from 1.4% in the preceding month. The pace of […]
Read MoreKUALA LUMPUR: Malaysia could extend new tax incentives for foreign investment in areas such as technology if companies promise to create better-paid jobs for Malaysians, Prime Minister Mahathir Mohamad said on Tuesday. His comments could reassure investors in Southeast Asia’s third biggest economy after Mahathir started a review of major projects sanctioned by former premier […]
Read MorePETALING JAYA: Malaysia’s economy is much more diversified today contrary to the common view that that the country is reliant on commodities, said Standard Chartered Global Research. “For example, while commodities make up about 20% of total exports, electronics constitute an even larger portion: 37% in 2017. “Even when oil prices were at their peak […]
Read MoreHONG KONG: Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve’s hawkishness could also bring cheer for a small group of Asian economies that wouldn’t mind seeing their currencies weaken. Fed rate hikes this year and the prospect of more to come have […]
Read MorePETALING JAYA: An alternative proposal to have a railway link to Singapore by upgrading the present infrastructure will only cost the government RM20bil – much lower than the high speed rail (HSR) project which will cost between RM60bil and RM70bil. The proposal will also save the government some RM500mil as it will not need to […]
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