KUALA LUMPUR: The ringgit continued its upward momentum to open at a 19-month high of 3.9880/9930 against the US dollar Monday, on improved sentiment towards the local note. It was prompted by the strong trade surplus, as well as, expectations of a hike in the Overnight Policy Rate (OPR) by Bank Negara Malaysia this year. […]
Read MoreKUALA LUMPUR, Jan 8: Japan is making an “all-out bid” for the Kuala Lumpur-Singapore high-speed rail (HSR) contract to construct Southeast Asia’s largest-ever infrastructure project. In an interview with Bernama, Japan’s ambassador to Malaysia, Makio Miyagawa, said: “We will be offering our best suited technologies to Malaysians and Singaporeans, as well as full-fledged training for the […]
Read MoreKUALA LUMPUR (Xinhua) – Malaysia’s exports in November 2017 expanded 14.4 per cent year-on-year to 83.5 billion ringgit (20.92 billion US dollar) on higher manufactured goods demand, Malaysia’s Ministry of International Trade and Industry (MITI) said yesterday. The export growth was down from a 18.9-per cent growth in October last year. MITI said in a […]
Read MoreKUALA LUMPUR: Malaysia’s exports rose to an all-time high of RM83.50bil in November 2017, up 14.4% from a year ago – and exceeding economists’ expectations of a 14.5% growth, with manufactured goods underpinning the growth while exports to China remained resilient. The Ministry of International Trade and Industry announced on Friday the RM83.5bil in exports was […]
Read MoreKUALA LUMPUR: Total loan growth for the banking industry is expected to be at 4% to 5% this year, stronger than last year, says CIMB group chief executive officer Tengku Datuk Seri Zafrul Aziz. Tengku Zafrul said the higher-than-expected gross domestic product (GDP) growth in 2017 would translate into a stronger loan expansion this year. “Last year’s […]
Read MoreKUALA LUMPUR: Malaysia is unlikely to meet earlier targets it set for a balanced budget by 2020 and will need another two to three years to reach the goal, the country’s second finance minister said on Thursday. The shift in the budget target follows comments by ratings agencies late last year that the neighbouring economy […]
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