In a move to extend its presence in Southeast Asia, Malaysia’s Sunway Construction Group (SunCo) is planning to expand its portfolio to include work in Myanmar and Indonesia, its managing director Mr Chung Soo Kiong told the media in Kuala Lumpur this week. Mr Chung said his company will focus on developing infrastructure and other […]
Read MoreMerchantrade Asia Sdn Bhd (Merchantrade) has launched Merchantrade Money, a Visa multi-currency prepaid card that digitally converts pre-loaded ringgit into multiple currencies using exchange rates decided by the customer. “In addition to the ringgit, the card currently supports five currencies, namely Australian dollar, pound sterling, Indonesian rupiah, Singapore dollar and US dollar, in addition to […]
Read MoreBank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent at the Monetary Policy Meeting (MPC) as it decides to normalise the degree of monetary accommodation amid the economy being firmly on a steady growth path. “The floor and ceiling rates of the corridor for the […]
Read MoreKUALA LUMPUR: Malaysia’s central bank on Thursday raised its key interest rate for the first time since July 2014, to tap the brakes at a time growth has been robust and inflation creeping up. With the economy strong at present, many have anticipated a rate hike well before national elections, which must be held by […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures over 1 percent in their second half of trading on, charting a third consecutive session of gains, asbullish sentiment on declining production lifted the market. The benchmark palm oil contract for April deliveryon the Bursa Malaysia Derivatives Exchange rose 1.1 percent to2,521 ringgit ($644.59) a tonne at the end of […]
Read MorePETALING JAYA: Malaysia is expected to see slower inflation, as measured by the rise in consumer price index (CPI), this year due to a high base factor from 2017. Analysts have pegged their CPI expectations for 2018 within the official estimate of a CPI increase of 2.5% to 3.5%. Nomura Research expected the CPI to […]
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