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September 5, 2018 6:58 AM Malaysia’s exports rise 9.4% to record high of RM86.1b in July

PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic 19

September 3, 2018 1:28 PM BNM seen holding key rate

KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war. All 11 economists polled by Reuters see BNM holding its overnight policy rate at 3.25%. Malaysia has raised its policy rate once this year – by 25 basis 6

August 30, 2018 5:22 AM PIAM: General insurance sees flat growth in 1H, expected to remain moderate in 2H

KUALA LUMPUR: The general insurance industry, which registered a marginal growth of 0.7% with gross written premiums of RM9.23 billion in the first half of 2018 (1H18), is expected to remain subdued for the rest of the year, with low single digit growth. "A single digit growth of 1%-2% could be achievable," General Insurance Association of Malaysia (PIAM) 5

August 29, 2018 6:34 AM CIMB confident of achieving 6% loan growth for 2018

KUALA LUMPUR: CIMB Group Holdings Bhd is on track to meet its loan growth target of 6% for this year with the stronger performance expected for the second half of the year, said group CEO Tengku Datuk Seri Zafrul Aziz. Its loan growth for the first half of the year stood at 3.4%, dragged down by the weakening of rupiah in Indonesia. CIMB posted a record 7

August 25, 2018 7:12 AM Business as usual for Australian economy under new PM

SYDNEY: Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the economy. The 50-year-old outgoing treasurer took the top job after a Liberal Party revolt instigated by hardline conservatives, led by Peter Dutton, to unseat 6

August 24, 2018 6:24 AM Malaysia's inflation increases 0.9% in July

PETALING JAYA: Malaysia's Consumer Price Index (CPI) continued to expand at a slower rate of 0.9% in July after the 0.8% growth rate recorded in June. According to the Department of Statistics, the sectors which saw a price increase were transport (+6.7%); housing, water, electricity, gas & other fuels (+2%); education (+1%); restaurants & hotels (+1%); and food & non-alcoholic 9

August 23, 2018 7:20 AM Margma: Exports revenue for rubber glove expected to rise 16% to RM18.8b this year on strong global demand

PETALING JAYA: The Malaysian rubber glove industry is expected to generate RM18.8 billion in export revenue this year, driven by robust global demand. This represents a projected 16% growth compared with the RM16.2 billion made last year. "The global demand for rubber gloves continues to rise and is expected to increase from 232.2 billion gloves in 2017 to 268 billion 12

August 21, 2018 5:40 AM T7 Global returns to the black in Q2

PETALING JAYA: T7 Global Bhd swung to the black registering a net profit of RM1.62 million against a net loss of RM1.5 million in the previous corresponding period, underpinned by the origins and construction work request contract secured from Petronas. For the first half of the year, T7 Global posted a net profit of RM3.55 million versus a net loss of RM1.24 million 14

August 21, 2018 4:06 AM Malaysia’s labour productivity grew 3.7% in Q2

PETALING JAYA: Malaysia's labour productivity rose 3.7% year-on-year in the second quarter of 2018, after registering 4.3% growth in the preceding quarter, according to Department of Statistics Malaysia (DOSM). According to DOSM, the report presents statistics on labour productivity per hour worked and labour productivity per employment by kind of economic 9

August 20, 2018 6:04 AM Foreign funds turned net sellers last week

PETALING JAYA: Foreign funds offloaded RM631.4 million net of local equities, wiping out the net inflow of RM458.2 million recorded in the week before, according to MIDF Research. “Offshore investors were already selling a lot on Monday to a tune of RM142.3 million net as the crisis in Turkey rippled across emerging markets including Malaysia. It came to no surprise 9