BENGALURU: Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the U.S. Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with low inflation compared with many other economies, […]
Read MoreWHILE growth in imports exceeding that of exports may be a temporary phenomenon, there are concerns that this may be a continuing trend against an uncertain global outlook. There is also concern that higher consumption from all the stimulus spending will increase imports but will not contribute to exports. Over the next few months, the […]
Read MoreMalaysia is allowing Thailand to export rice flour to the western part of the country after shipments were halted for almost 20 years, Commerce Minister Jurin Laksanawisit said on Sunday. The move came after a long-standing ban on issuing licences for Malaysian importers to import rice flour to the west was lifted, he said. “We […]
Read MoreKUALA LUMPUR, July 1 — The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) registered 50.4 in June, up from 50.1 in May, signalling a slightly stronger, yet still modest, improvement in the manufacturing sector. The Malaysian manufacturing sector saw overall operating conditions improve at a slightly quicker rate halfway through 2022 and […]
Read MoreSINGAPORE’S Ministry of Trade and Industry (MTI) and Malaysia’s Ministry of International Trade and Industry (MITI) have agreed to begin discussions on Frameworks of Cooperation in the digital economy and green economy, with a view to concluding the Frameworks this year, both ministries said in a joint release on Thursday (Jun 30). Singapore’s Minister for […]
Read MorePETALING JAYA: The higher ceiling price for broiler chickens and eggs may only provide “slight relief” to Malaysian poultry players, who have been battling margin compression for the past several months. TA Research analyst Tan Kam Meng described the recently-announced hike in ceiling price for chickens as only “marginal”. He also said that the increase […]
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