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Bank Negara: Malaysia’s reserves at US$103.17 bln as of Nov
KUALA LUMPUR: Malaysia’s reserves remained usable as of end-November 2019, with official reserve assets at US$103.17 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement today, Bank Negara Malaysia (BNM) said
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BNM to issue up to five digital bank licences
KUALA LUMPUR: Up to five licences may be issued to qualified applicants to establish digital banks to conduct either conventional or Islamic banking business in Malaysia. Bank Negara Malaysia (BNM) has issued the Exposure Draft on Licensing Framework for digital
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A perfect crosswind landing for the aviation sector in 2019
KUALA LUMPUR: The year saw the country’s aviation sector square up to a string of challenges such as overcapacity in the region, rising cost, air-safety rating downgrade, airport system malfunction coupled with slower economic growth and volatile foreign exchange rate.
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IMF: Malaysian making progress on reform agenda
KUALA LUMPUR: International Monetary Fund (IMF) said Malaysian authorities are making progress on their reform agenda, with real gross domestic product (GDP) growth holding up and is projected at 4.5% for 2019, driven by domestic demand. Malaysia’s headline inflation is
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China announces new tariff exclusions for some US imports
China today unveiled a new list of tariff exemptions for imports from the United States, days after the world’s two largest economies announced a Phase 1 trade deal. The tariff waivers will be effective Dec. 26, and will apply for
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Malaysia Airlines, Japan Airlines granted approvals for joint business agreement
KUALA LUMPUR: Malaysia Airlines and Japan Airlines are set to launch a joint business structure in 2020 following the concurrent decisions from the Malaysian Aviation Commission (Mavcom) to grant an individual exemption and Japan`s Ministry of Land, Infrastructure, Transport and Tourism
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PNB declares 5.5 sen a unit for ASB
PUCHONG: Permodalan Nasional Bhd (PNB) announced an income distribution of five sen a unit and a bonus of 0.50 sen for Amanah Saham Bumiputera (ASB) for 2019, despite a 7.2% contraction in Bursa Malaysia’s FBM KLCI year-to-date. PNB chairman Tan
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Petronas: Outlook for oil and gas industry challenging
KUALA LUMPUR: The outlook for the oil and gas industry remains challenging amid geopolitical upheavals, prolonged trade tensions, and a global economic slowdown resulting in demand disruptions, Petronas vice president for group procurement Liza Mustapha said. “The challenging landscape would
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Trade optimism bolster Bursa Malaysia at opening
KUALA LUMPUR: Bursa Malaysia made a strong opening today with every sector in positive territory after US President Donald Trump expressed optimism about a potential trade deal with China. At 9.08 am, FTSE Bursa Malaysia KLCI (FBM KLCI) increased 9.08
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China hopes to reach trade agreement with US as soon as possible
China said today that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh US tariffs on Chinese imports are due to kick in at the end of the week.
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