SINGAPORE – Malaysia’s stocks and the ringgit remained under pressure on Monday after the King’s decision to grant rival party leaders a one-day extension to form the next government amid uncertainty over how the ongoing horse-trading will pan out. After diving sharply at the opening bell on Monday morning – following a general election that delivered the […]
Read MorePETALING JAYA: Economists expect the gross domestic product (GDP) growth momentum to ease from the fourth quarter of this year (4Q22) after posting a robust growth of 14.2% in the 3Q22. Having said that, they pointed out that the economic strength going forward would be buoyed by domestic demand. The GDP has beaten Bloomberg’s median […]
Read MoreKUALA LUMPUR: Bursa Malaysia has launched an interactive fund information platform to provide the investing public with comprehensive information on unit trusts and wholesale funds. The stock exchange operator said the platform, called the Bursa Fund Platfoorm, would help investors make better informed investment decisions. BUrsa Malaysia CEO Datuk Muhammad Umar Swift said the Bursa […]
Read MoreKUALA LUMPUR: Malaysia’s palm oil board on Monday warned of a tough 2023 for the market for the world’s most consumed edible oil, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year. The edible oils market has grappled with volatility triggered by recession fears, Russia’s […]
Read MoreKUALA LUMPUR: Malaysia’s services and manufacturing growth, the big factor behind the country’s strong third quarter (Q3) gross domestic product (GDP) print, are projected to continue their growth into 2023. Moody’s Analytics, in its latest Asia Pacific Economic Preview report, said the stronger year-on-year growth of 14.2 per cent in Q3 exceeded expectations with consumption […]
Read MoreKUALA LUMPUR: As the global economy is expected to slowdown in 2023, continuous labour market recovery initiatives are extremely important for Malaysia to tackle the rising costs of living, says an economist. United Arab Emirates’ human resources and emiratisation ministry’s chief labour economist cum advisor to the Minister, associate professor Dr Mohd Yusof said Malaysia’s […]
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