1y ago
KUALA LUMPUR, Nov 13 (Bernama) -- Malaysia’s gross domestic product (GDP) for the third quarter of 2024 (3Q 2024) is expected to moderate to 5.3 per cent year-on-year (y-o-y), supported by continued expansion across most sectors, particularly manufacturing and services, said Hong Leong Investment Bank Bhd (HLIB).
1y ago
KUALA LUMPUR, Nov 11 (Bernama) -- The government aims to reduce the fiscal deficit to three per cent in the medium term, as outlined in the MADANI Economy framework and the Public Finance and Fiscal Responsibility Act 2023 (Act 850).
1y ago
KUALA LUMPUR, Nov 8 (Bernama) -- Maxis Bhd’s net profit surged 27.5 per cent to RM366 million for the third quarter ended Sept 30, 2024 (3Q 2024) from RM287 million in the same period last year, driven by both higher service revenue as well as prudent cost management.
1y ago
KUALA LUMPUR, Nov 7 (Bernama) -- Malaysia’s largest mall owner-operator Sunway Malls expects to garner five per cent growth this year, driven by a strong performance in the first half of 2024 and the re-opening of an asset enhancement initiative, Oasis, in Sunway Pyramid.
1y ago
KUALA LUMPUR, Nov 7 (Bernama) -- Donald Trump’s re-election as the United States (US) President is expected to accelerate the China Plus One strategy, benefitting Malaysia through higher investments and enhanced export potential, particularly in sectors such as electronics, machinery, and palm oil.
1y ago
KUALA LUMPUR, Nov 7 (Bernama) -- Services sector revenue in Malaysia grew by 5.9 per cent year-on-year (y-o-y) in the third quarter of 2024 (3Q 2024), reaching RM618.5 billion, according to the Department of Statistics Malaysia (DOSM).
1y ago
KUALA LUMPUR, Nov 6 (Bernama) -- The government is adopting a pragmatic approach in planning the country’s economic development, said Economic Minister Mohd Rafizi Ramli.
1y ago
KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia closed higher today, buoyed by supportive local economic policies, positive sentiment from strong technology stocks earnings, and a favourable United States (US) market outlook, an analyst said.
1y ago
KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent at its meeting today.
1y ago
KUALA LUMPUR, Nov 4 (Bernama) -- The influx of multinational companies seeking regional headquarters in Kuala Lumpur (KL) is contributing to a more competitive office landscape, according to Knight Frank.
1y ago
KUALA LUMPUR, Nov 1 (Bernama) -- Bursa Malaysia fell below the key psychological support level of 1,600, as investors held back from making significant moves amid weak cues from Wall Street following a disappointing outlook from major tech firms.
1y ago
KUALA LUMPUR, Oct 29 (Bernama) -- Malaysia’s Budget 2025 reaffirms a commitment towards gradual fiscal consolidation from a high debt level compared with peers, according to Fitch Ratings.