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Economic
New Zealand PM hails Malaysia’s potential, strengthens NZ-Malaysia relations
KUALA LUMPUR: New Zealand Prime Minister Christopher Luxon concluded his dynamic two-day official visit to Malaysia from Sept 1 to 3, during which he not only immersed himself in official business but also in the vibrant culture, historical…
Ringgit strengthens to 4.3385 against greenback as stock market rally boosts demand
KUALA LUMPUR: The ringgit continued to open on a better note this morning, benefiting from a spillover effect driven by foreign investors' interest in the local bourse.
At 8 am, the ringgit appreciated to 4.3385/3485 against the greenback,…
Ringgit at 4.3515 against US dollar as Fed keeps door open for rate cut
KUALA LUMPUR: The ringgit strengthened against the US dollar at the opening, as the US Federal Reserve (Fed) appears on track to cut interest rates, said an analyst.
At 8 am, the local currency continued to gain versus the greenback to…
Japan’s core inflation picks up, but demand-driven growth below 2.0 pct
TOKYO: Japan's core inflation accelerated for a third straight month in July, data showed on Friday, but a slowdown in demand-driven price growth could complicate the central bank's decision on further interest hikes in coming months.
The…
Gold steady near record high as investors seek more Fed cues
BENGALURU: Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell's speech for indications on how much the central bank will cut rates this year.
Spot gold edged 0.2 per…
Palm inches higher on bargain-hunting, stronger ringgit capping gains
JAKARTA: Malaysian palm oil futures recovered on Monday, after trading sideways early in the session, but a stronger ringgit limited gains.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange…
Japan economy rebounds with better-than-expected growth
TOKYO: Japan's economy rebounded to grow 0.8 percent in the second quarter, government data showed Thursday (Aug 15), in welcome news for Japan's next prime minister following Fumio Kishida's decision to step down.
The rebound came after…
Malaysia’s manufacturing sales value up 5.7% to RM153.2bil in April – DoSM
KUALA LUMPUR: The sales value of Malaysia’s manufacturing sector expanded by 5.7 per cent year-on-year to RM153.2 billion in April 2024, according to the Department of Statistics Malaysia (DoSM).
Chief statistician Datuk Seri Dr Mohd Uzir…
Overcapacity talk won’t affect MNCs’ commitment
Exaggerating the "China overcapacity" narrative will impede the advancement of high-quality production capacity globally but will not discourage multinational corporations from expanding their presence in the country, said market watchers…
China’s Jan-Feb property investment declines narrow facebook sharing buttontwitter sharing…
BEIJING: China's fragile housing market opened this year with slower declines in property investment and sales, buoyed by government efforts to arrest a protracted downturn in the sector, official data showed on Monday.
Property investment…