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KUALA LUMPUR: The government has withdrawn two bills — Currency Bill 2019 and Central Bank of Malaysia (Amendment) Bill 2019 — that were scheduled for second reading in the Dewan Rakyat today.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