IPEC LEGACY AWARDS

Business

Back to homepage

Bank Negara international reserves rises to US$103.3b

KUALA LUMPUR: The international reserves of Bank Negara Malaysia (BNM) amounted to US$103.3 billion as at July 15 this year, up 0.6% from US$102.7 billion as at June 28, the central bank said today. In a statement, BNM said the

Read More

Shadowed by trade war, Malaysia says 2020 fiscal deficit target a ‘challenge’

KUALA LUMPUR: Southeast Asia’s third-largest economy is dealing with a debt pile of over 1 trillion ringgit, which the administration of Prime Minister Tun Dr Mahathir Mohamad has blamed on mismanagement by the previous government. Malaysia is also struggling with

Read More

US Federal Reserve rate cuts a boon for Malaysian equity markets

KUALA LUMPUR: As the market is expecting another rate cut by US Federal Reserve (Fed), this could be a boon for emerging equity markets, including Malaysia. “(In the event of) US rates cut, where it doesn’t lead to (economy) recession,

Read More

Govt withdraws two bills

KUALA LUMPUR: The government has withdrawn two bills — Currency Bill 2019 and Central Bank of Malaysia (Amendment) Bill 2019 — that were scheduled for second reading in the Dewan Rakyat today. Deputy Finance Minister Datuk Amiruddin Hamzah, in requesting

Read More

National debt at RM1.1 trillion as of 2018

KUALA LUMPUR: Malaysia’s national debt rose to RM1.09 trillion in 2018 from RM1.08 trillion in 2017, based on accrual accounting. Speaking on the matter, Special Select Committee on the Budget chairman Datuk Seri Mustapa Mohamed said the amount comprises federal

Read More

Trade war bites on China’s second-quarter GDP growth

BEIJING: China is expected to report today that economic growth slowed to its weakest pace in at least 27 years in the second quarter, reinforcing the case for more stimulus as a bruising trade war with the US drags on.

Read More

No full privatisation, jobs cut – Malaysia Airlines’ veterans, NUFAM

KUALA LUMPUR: No full privatisation, no job cuts and retain Malaysia Airlines Bhd (MAB) as the national carrier — those are all its veterans and union want from the government if the acquisition by private parties is the way to

Read More

Foreign appetite for Malaysian market steady

KUALA LUMPUR: Foreign appetite for the Malaysian market continued to remain steady for both local equities and the ringgit, said Bank Islam Malaysia chief economist Dr Mohd Afzanizam Abdul Rashid. He said foreigners remained as net buyers on Bursa Malaysia,

Read More

RM925.1 million of 1MDB money returned

PUCHONG: A total of RM925.1 million of 1MDB-related money has been returned to the government to-date, said Finance Minister Lim Guan Eng in a statement. He said the funds recovered were in various currencies and denominations. Lim said RM805.8 million

Read More

EPF, Khazanah objected Maju Holdings’ bid for PLUS

KUALA LUMPUR: The Ministry of Finance (MoF) has made a preliminary decision to oppose the takeover of highway operator PLUS Malaysia Bhd by Maju Holdings Sdn Bhd after considering the views from PLUS’ major shareholders Khazanah Nasional Bhd and the

Read More