[KUALA LUMPUR] Malaysia’s government debt exceeds RM1 trillion (S$337.9 billion), inflated by borrowing by a state investment company that’s at the center of a multi billion-dollar corruption scandal. Newly-installed Finance Minister Lim Guan Eng told reporters on Tuesday that debt was higher than previously disclosed under the administration of ousted leader Najib Razak, partly masked […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures climbed to a six-week high in evening trade on Tuesday, charting a third session of gains in four, tracking overnight strength in U.S. soyoil and crude oil prices. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent at 2,477 ringgit ($624.64) a tonne at the […]
Read MoreKUALA LUMPUR: The government will not raise fuel retail prices at present even though global crude oil prices have hit above US$70 per barrel currently, said Prime Minister Tun Dr Mahathir Mohamad. He said this at a press conference after chairing the first Cabinet meeting at Bangunan Perdana Putra, in Putrajaya today. Following this announcement, […]
Read MoreKUALA LUMPUR: Malaysia’s annual inflation rate is expected to have risen to 1.6 percent in April, accelerating slightly from the previous month, a Reuters poll showed on Monday. Inflation was likely kept in check by steady fuel prices and a higher base in the year-earlier period, offsetting higher food costs, economists in the survey said. […]
Read MoreKUALA LUMPUR: Ride-hailing company Grab has teamed up with Malayan Banking Bhd (Maybank) for its Grab’s new cashless payment method, the GrabPay mobile wallet. Grab, which has morphed into a fintech platform, said on Monday with the partnership and support of Maybank, its consumers will also be able to eventually use their mobile wallet at Maybank’s key […]
Read MoreKUALA LUMPUR: Malaysia will review the implementation of mega projects such as the high speed rail line to Singapore, and a $14 billion rail project connecting the country’s east and west coasts, state news agency Bernama reported on Tuesday, citing the economic affairs minister. Datuk Seri Mohamed Azmin Ali also said the government will ensure projects […]
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