KUALA LUMPUR: RHB Investment Bank Bhd (RHBIB) has maintained its “overweight” call on bank stocks as it believes banks still offer some degree of hedging against inflation despite rising recessionary risks. The investment bank said these stocks recorded a modest five per cent growth for year-to-date July 2022, retreating from
KUALA LUMPUR: The Malaysian residential real estate market is expected to rally over the next 12 months with prices and rents likely to increase significantly, according to Juwai IQI Malaysia Property Survey and Index Q3 2022. In a statement, Juwai IQI co-founder and group chief executive officer Kashif Ansari said
KUALA LUMPUR: The overall inflationary pressure in Malaysia will remain stable particularly with the receding global commodity prices, says MIDF Research. It said Malaysia’s palm oil price has been trending downward below RM4,000 per tonne mark since early July 2022 and the commodity price has been hovering above RM6,000 per
KUALA LUMPUR: Malaysia is one of the Asean countries with low inflation rate which is manageable compared with other parts of the world such as the United States, which rose to new peak of 9.1 per cent in June 2022 and Turkey which rose to nearly 80 per cent last
KUALA LUMPUR: National women’s 400m runner, Shereen Samson Vallabouy failed to make her mark in her debut at the World Athletics Championships in Oregon, United States, on Sunday. According to the championship website, Shereen only managed to record 53.56s to finish seventh place in heat six at Hayfield Stadium, causing
KUALA LUMPUR: A suitable mechanism of action for the implementation of targeted subsidy is being formulated to ensure that the assistance provided by the government will be received by the deserving groups, Prime Minister Datuk Seri Ismail Sabri Yaakob. He said various aspects of the mechanism needed to be fine-tuned so that the
KUALA LUMPUR: Malaysia made the cut to the Star Sailors League (SSL) Gold Cup final series in Bahrain despite a third-place finish in the last race in Switzerland on Sunday. According to a statement from the SSL Malaysia team today, ‘The Monsoon’ became the second squad from Group 7, Round 5 to
MADRID: Wildfires have so far burnt more than 22,000 hectares of woodland and scrub in Spain since the start of the heatwave over a week ago, emergency services calculated. Temperatures above 44°C in southern and southwestern Spain and around 40°C for the rest of the country, coming on the back
KUALA LUMPUR: OCBC Bank (M) Bhd is providing a bridging loan totalling RM299.5 million to property developer Astrum Ampang Sdn Bhd to encourage and enable millennials to consider sustainable urban housing. OCBC Bank managing director and head of corporate and commercial banking Jeffrey Teoh said the bridging loan agreement comes at a time
COLOMBO: Sri Lanka’s acting President Ranil Wickremesinghe has declared a nationwide state of emergency with effect from Monday, reported Xinhua. A special gazette notice said Wickremesinghe declared the state of emergency in the interests of public security, the protection of public order and the maintenance of supplies and services essential
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