HANOI, May 21 — It was billed as the world’s biggest trade deal, a feather in the cap of globalisation advocates that promised to re-write the rules for 21st century commerce. But the Trans-Pacific Partnership was tossed into disarray in…
US says no to TPP. What’s now for the TPP?
Sabah & Sarawak Dayang’s proposed dividend a positive development Dayang Enterprise Holdings Bhd’s proposed dividend-in-specie has been viewed by analysts as a ‘big positive’ development for the group. Maybank Investment Bank Berhad had announced on behalf of Dayang’s board of directors that the company proposes to distribute up to 292 million shares in Perdana Petroleum […]
[Weekend Review] The week at a glance 21 May 2017
Bursa Malaysia to trend higher next week on improved sentiment
KUALA LUMPUR, May 20 ― Bursa Malaysia is expected to trend higher next week on improved sentiment following a modest recovery in global markets and commodity prices, which has helped clear investor uncertainties. Affin Hwang Investment Bank…
Asia watching fate of Nafta amid Trump review, Malaysia says
HANOI, May 20 — Asian governments are watching with some anxiety the fate of the North American Free Trade Agreement as the Trump administration kicks off a review of the pact. “All of us are keen to know whether America is committed to have…
Malaysia’s economy grows 5.6 pct in 1Q17
KUALA LUMPUR: Malaysia’s economy recorded robust growth of 5.6 per cent in the first quarter of this year (1Q17) against the 4.1 per cent registered in the same quarter of 2016, boosted by strong domestic demand and private expenditure. Bank Negara Malaysia (BNM) Governor Datuk Seri Muhammad Ibrahim said growth for the just ended quarter […]
Malaysia’s GDP expanded 5.6% in first quarter
KUALA LUMPUR: The Malaysian economy grew 5.6% in the first quarter of 2017, mainly driven by higher private expenditure.
Bank Negara Malaysia governor Datuk Muhammad Ibrahim said private consumption was supported by continued expansion in employment and wage growth, while private investment was driven by capital spending in the services and manufacturing sectors.
He said growth prospects continue to be supported by domestic demand and further augmented by higher exports.
“Overall the Malaysian economy is on track to achieve 4.3%-4.8% by the end of the year, ” he told a press conference this morning.