Kenanga maintains Malaysia’s distributive trade sales growth forecast of 8 pct for 2024
KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) has maintained its 2024 distributive trade sales growth forecast of 8 per cent for Malaysia on expected robust domestic demand. The term distributive trade refers to wholesale trade and retail trade. The research house said this is supported by a projected decline in the unemployment rate to […]
Fadillah hails UK stance on palm oil
KUCHING: The Ministry of Plantation and Commodities is looking forward to working closely with the United Kingdom, the new partners in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to promote trade between the two countries. Its minister, Datuk Seri Fadillah Yusof said the ministry not only welcomes the UK’s acceptance into the CPTPP […]
China-Malaysia bilateral trade at US$200 bln in 2022
KOTA BHARU: Malaysia continues to be one of China’s main trading partners in Asean with the value of trade between the two countries recording over US$200 billion last year, said Minister at the Chinese Embassy in Malaysia, Tang Rui. He said the close relationship between the two countries was an important factor that saw […]
German President meets Anwar
PUTRAJAYA: German President Frank-Walter Steinmeier, who is on a state visit to Malaysia, met Prime Minister Datuk Seri Anwar Ibrahim here on Friday to discuss bilateral ties between the two countries. Steinmeier, who arrived yesterday for his three-day visit, was received by Anwar at Perdana Putra, which houses the Prime Minister’s Office, at about 5.15 […]
Ringgit likely to trade between 4.38 and 4.40 level against US dollar next week
KUALA LUMPUR, Dec 3 (Bernama) — The ringgit is expected to trade between the 4.38 and 4.40 level against the US dollar next week with an upward bias, especially if foreign exchange (FX) markets continue to price in a slowdown in the US interest rate hike cycle with Malaysia’s new Cabinet offering further support. SPI Asset […]
Gawai shopping brings buzz back to retail trade
SARATOK: People were making a beeline to the shops for a spot of last minute shopping on Tuesday with just hours remaining before the Gawai Dayak celebration begins. Among the more sought after items were traditional clothes, personal adornments and crafts to enliven the occasion which is being celebrated in a big way after a […]
Indonesia suspends all exports of palm oil
JAKARTA: Indonesia began imposing a complete ban on palm oil exports Thursday, as the world’s largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices. The archipelago nation is facing a domestic shortage of cooking oil as well as soaring prices, with consumers in several cities having to queue […]
Asean-US must focus on reigniting economies impacted by Covid-19
PUTRAJAYA: Asean and the United States (US) must focus on reigniting their economies and reversing the damages brought by Covid-19 pandemic, said Senior Minister of Foreign Affairs Datuk Seri Hishammuddin Tun Hussein. Speaking at the Asean-US Foreign Ministers’ Meeting held virtually on Wednesday, Hishammuddin said both sides should use this opportunity to further enhance their […]
Matrade to organise national export day via digital platform this year
KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) will organise its signature programme, the National Export Day, via digital platform this year. In a statement today, it said themed “Reignite Your Exports”, the e-National Export Day (eNED@2021) could be stream live from July 13 to July 15. “The programme will address the needs for […]
Services sector reform crucial for Malaysia
KUALA LUMPUR: It is crucial for Malaysia to reform its services sector in order to achieve advanced services and innovations for its future economic growth post Covid-19, said Dr Aaditya Mattoo, chief economist of the East Asia and Pacific Region of the World Bank. He is of the view that some restrictions imposed by the […]
