KUALA LUMPUR (Reuters) – Malaysia’s central bank kept its key rate unchanged yesterday as expected, and expressed optimism that the better growth momentum seen in late 2016 can be sustained through this year. Most economists predicted the key rate will remain at 3 percent the rest of this year, especially if United States rates rise, […]
Read MoreKUALA LUMPUR: Local production costs as measured by the Producer Price Index jumped 10.2% in January 2017 from a year ago, driven by the mining sector and agriculture. The Statistics Department said on Tuesday the highest increase was recorded by mining index (+42.8%) followed by agriculture, forestry & fishing (+33.4%), manufacturing (+5.6%) and electricity & […]
Read MoreSEPANG: AirAsia and AirAsia X have warned the public not to fall victim to deceiving advertisements by unauthorised travel agents on social media platforms such as Facebook and Instagram who claim to sell heavily discounted flights for AirAsia and AirAsia X. In a statement, AirAsia said a police report has been made by the airline […]
Read MoreKUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 27. FUNDAMENTALS * Malaysian palm oil futures recovered in late trade on Friday on forecasts of stronger export data and short-covering ahead of the weekend. * U.S. wheat futures fell to a two-week low on […]
Read MoreKUALA LUMPUR – Users of Japanese cosmetic products in Malaysia are expected to surpass those in Thailand and Singapore to become their top consumers in Asia, according to industry officials. The Japan Beauty Week, organised by the Japan Cosmetic Industry Association and supported by the Japanese Embassy in Malaysia, was officially launched to promote innovation […]
Read MorePTT Plc, the national oil and gas conglomerate, has expressed interest in buying a stake from Malaysian state-owned oil and gas company Petroliam Nasional Bhd (Petronas) in a large upstream Sarawak gas field. PTT president and chief executive Tevin Vongvanich said yesterday that the group is ready to consider the deal once Petronas confirms its […]
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