Economy to hit US$370 billion this year
KUALA LUMPUR: Malaysia’s strong trade performance will help push the local economy to grow more than nine per cent to more than US$370 billion this year, economists said. The country kept its growth momentum with trade, exports and imports registering the highest monthly value for the month of October. Trade expanded 21.1 per cent to […]
Malaysian banks loan growth to stay at 5 to 6 pct in 2023 on economic stability – S&P Global
In the S&P Global Ratings’ 2023 bank outlook commentaries released today, the research firm said that banks can also ride out rising asset quality risks as solid capitalisation and provisioning buffers could offset asset quality pressure.STR/GENES GULITAH KUALA LUMPUR: S&P Global Ratings expects the Malaysian banking sector’s loan growth to stay at 5 to 6 […]
Is the Fed changing its direction? Let us analyze for you!
The Fed has just raised interest rates again, and the Malaysian Ringgit is going to fall again?The Fed will change directions and start to slow down the pace of interest rate hikes in December? Will it cost a lot to enter the forex market now? Will I still be able to earn? Do you […]
Bank Negara hikes OPR by 25bps to 2.75% on positive economic growth prospects
KUALA LUMPUR (Nov 3): Slightly more than two weeks before the 15th general election, Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75% on Thursday (Nov 3). The committee’s final interest rate hike of 2022 was in line with median economist expectations on […]
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