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signalling improvement in manufacturing image

Malaysia’s PMI Up in June, Signalling Improvement in Manufacturing

KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers ’ Index (PMI) registered 50.4 in June, up from 50.1 in May, signalling a slightly stronger, yet still modest, improvement in the manufacturing sector. The Malaysian manufacturing sector saw overall operating conditions improve at a slightly quicker rate halfway through 2022 and production levels […]
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HLIB raises 2022 GDP growth forecast for Malaysia to 5.9%

KUALA LUMPUR (June 29): Hong Leong Investment Bank (HLIB) Research has raised its 2022 gross domestic product (GDP) growth forecast for Malaysia to 5.9, from 5.5 preliminarily, on a stronger recovery. “Despite the external headwinds, Malaysia’s recovery remained favourable in the first half of 2022 (1H22). With the transition to (Covid- 19) endemicity and EPF […]
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Malaysia Urges Palm Oil Mills to Resume Production Despite Price Drop

KUALA LUMPUR (June 28): Malaysian authorities on Tuesday (June 28) called on palm oil millers to resume production and buy oil palm fruits from farmers, after a plunge in prices of edible oil urged some companies to halt processing. Unprofitable pricing meant some mills in Malaysia, the world’s second-largest palm oil producer, had temporarily halted […]
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Agrobank’s RM800 mil DPAKM fund facility offers up to RM5 mil to SMEs

KUALA LUMPUR (June 24): The RM800 million Keluarga Malaysia Agro-food Financing Fund (DPAKM) under Agrobank will be distributed according to the requirements of the main food industry players. The DPAKM programme offers financings of over RM 5 million to small and medium enterprises (SMEs) and producers of poultry, ruminants and vegetable crops, said Agrobank president/ […]
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Najib's instructions to Shahrol

Husni: Najib’s Instructions to Shahrol Caused 1MDB to Lose US$700 mil

Husni — the 20th execution substantiation of the 1MDB- Tanore trial in which Najib is accused of misappropriating further than RM2 billion of 1MDB funds was under re-examination from lead prosecutor Datuk Seri Gopal Sri Ram, who asked him about Shahrol and Najib.On Wednesday, Najib’s lawyer Tan Sri Muhammad Shafee Abdullah painted a picture to […]
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Capital Market Participants Must Step up Sustainability Commitments, Says SC chairman

KUALA LUMPUR (June 22): Capital market participants must step up efforts to support sustainable and climate-resilient lifestyles and business practices, in line with net-zero carbon Malaysia by 2050, said Securities Commission Malaysia (SC) executive chairman Datuk Seri Dr Awang Adek Hussin. He said companies now face rising prospects from stakeholders and the communities they serve […]
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Infoline Tec to Raise RM23.7mil From Listing Exercise

KUALA LUMPUR: Information technology (IT) infrastructure and cyber security solutions specialist Infoline Tec Group Bhd, en route to a listing on Bursa Malaysia’s ACE Market on July 13, plans to raise RM23.68 million from its initial public immolation (IPO) exercise. In its prospectus, the company said its IPO entails an offering of 96.25 million shares, […]
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Malaysia’s trade breaches RM1 trillion image

Malaysia’s trade breaches RM1 trillion mark in five months

KUALA LUMPUR (June 17): Malaysia’s trade performance in May 2022 remained flexible, recording the fastest growth since November 2021. In a statement on Friday (June 17), Minister of International Trade and Industry and Senior Minister Datuk Seri Mohamed Azmin Ali said trade rose by33.6 to RM228.37 billion compared to May 2021, the 16th straight month […]
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Asia including Malaysia FX bears hit record high image

Asia Including Malaysia FX Bears Hit Record High on Hawkish Fed

Bearish bets on several Asian currencies, including the Malaysian ringgit( snap), hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID- 19 lockdowns hovered to disrupt economic recovery in China, a Reuters poll found on Thursday. Short positions in the South Korean won, the Singapore dollar, […]
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