PETALING JAYA: Malaysia’s consumer price index (CPI) measuring headline inflation rose lower than expected 3.7% in October, compared with a Bloomberg survey of 4.1%, due to higher transport costs. Core inflation, which excludes food and fuel, rose 2.3% in October 2017 compared with the same month of the previous year. The Statistics Department said on […]
Read MoreSHC Capital Asia, an investment holding company, is planning to acquire MM Myanmar from Mr Serge Pun’s First Myanmar Investment Limited (FMIL), a local conglomerate which is listed on the Yangon Stock Exchange, Yoma Strategic Investments and Exemplary Ventures for S$69.7 million. SHC Capital Asia is backed by Malaysian property developer See Hoy Chan and […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s international reserves amounted to US$101.5bil (RM429bil) as at Nov 15, unchanged from the amount recorded on Oct 31. “The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt,” BNM said in statement. The main components of the international reserves were […]
Read MoreKUALA LUMPUR: Malaysia has begun work on a regulatory structure for digital currencies such as bitcoin, its central bank governor said on Wednesday. The framework is aimed at further securing Malaysia against money-laundering and terrorism financing. Bank governor Muhammad Ibrahim told a counter-terrorism financing summit that from next year those converting crypto currencies into conventional […]
Read MoreKUALA LUMPUR (Bernama) – PRPC Refinery & Cracker Sdn Bhd began the second-phase development of fuel quality upgrading processing units at the Pengerang Integrated Complex with the signing of an Engineering, Procurement, Construction and Commissioning (EPCC) contract, recently. PRPC Refinery & Cracker Sdn Bhd signed the contract with a consortium of CTCI Corporation & MIE […]
Read MoreKUALA LUMPUR (Bernama) – The Malaysian government will identify appropriate measures to reduce the impact of rising world crude oil prices if the retail prices of RON95 and diesel exceed RM2.50 per litre continuously for three months. In a statement yesterday, the Ministry of Finance (MOF) said the measures taken would ensure that the people were not burdened with […]
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