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Saturday 27 Apr 2024

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1999-01-01

2024-04-06

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Search Results

US Economy

06 Jul 2023, 10:18 pm

US trade deficit narrows as imports of merchandise declineThe US trade deficit shrank in May as the value of imported merchandise declined to the lowest level since October 2021. The shortfall in goods and services trade declined by US$5.5 billion (RM25.6 billion), or 7.3% from a month earlier, to US$69 billion, Commerce Department data showed Thursday (July 6).

By Augusta Saraiva / Bloomberg

06 Jul 2023, 10:18 pm

Economic Focus

06 Jul 2023, 08:56 pm

With BNM staying its course, economists peg OPR at 3% till year-endKUALA LUMPUR (July 6): As Bank Negara Malaysia’s decision to hold the overnight policy rate at 3% came in line with consensus expectations, most economists see the central bank keeping its monetary policy stance on hold until the end of the year.

By Izzul Ikram / theedgemalaysia.com

06 Jul 2023, 08:56 pm

Economic Focus

06 Jul 2023, 06:56 pm

MOF lauds BNM’s decision to maintain OPR at 3%KUALA LUMPUR (July 6): The Ministry of Finance (MOF) said it welcomes Bank Negara Malaysia (BNM)’s Monetary Policy Committee’s decision to hold the overnight policy rate (OPR) at 3%, saying the move is in line with global economic developments, as well as domestic inflation.

By Izzul Ikram / theedgemalaysia.com

06 Jul 2023, 06:56 pm

Highlight

06 Jul 2023, 03:23 pm (Updated)

BNM maintains OPR at 3%, as expectedBank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 3%. This came in line with the expectations of most economists, who opined that nine months of easing inflation, together with the central bank’s recent ringgit intervention, provided some reprieve for the central bank’s new governor Datuk Shaik Abdul Rasheed Abdul Ghaffour.

By Izzul Ikram / theedgemalaysia.com

06 Jul 2023, 03:23 pm (Updated)

Wealth

06 Jul 2023, 11:30 am

Pitfalls & Pitch Calls: High interest rate has silver liningsThe US Federal Reserve (Fed) paused its interest rate hikes this month. While further hikes down the road cannot be discounted, interest rates are likely to be peaking. Inflationary pressure is coming off, albeit at a slow pace. The sharp rate hikes that started in February last year an...

By Michael Lai / The Edge Malaysia

06 Jul 2023, 11:30 am

Edge Weekly

06 Jul 2023, 11:30 am

Condivergence: Upside signs for investing in AseanIf the global economy is in a state of flux, with considerable uncertainty over the direction of growth and inflation, where should we put our money? If we think systemically and act locally, allocating assets where we are more familiar, then Asean remains a reasonably bright spot. The Asean+3 M...

By Andrew Sheng and Tan Yi Kai / The Edge Malaysia

06 Jul 2023, 11:30 am

06 Jul 2023, 08:53 am

Kenanga maintains auto sector's CY2023F total industry volume of 720,000 units, sees record yearKenanga Research has maintained “overweight” on the automotive sector and said new cars represent an affordable luxury for most Malaysian households despite the high inflation and a slowing global economy.

By Surin Murugiah / theedgemalaysia.com

06 Jul 2023, 08:53 am

05 Jul 2023, 08:35 pm

No recession expected in the US over the next 12 months, says UOB Asset ManagementKUALA LUMPUR (July 5): The US economy is not anywhere close to recession in the next six- to 12 months, with the country’s labour market remaining strong and with renewed demand for houses, says UOB Asset Management (UOBAM).

By Hailey Chung / theedgemalaysia.com

05 Jul 2023, 08:35 pm

05 Jul 2023, 05:12 pm

Fed minutes to offer hints on ‘awkward’ pause-and-hike messageThe Federal Reserve on Wednesday (July 5) will shed some light on the discussions at their June meeting that left Wall Street perplexed. The Federal Open Market Committee paused its interest-rate hikes after 10 consecutive moves spanning 15 months, even with inflation cooling more slowly than projected.

By Steve Matthews / Bloomberg

05 Jul 2023, 05:12 pm

Edge Weekly

05 Jul 2023, 11:30 am

My Say: Exchange rates matter for long-term wage growth, productivity and national well-beingOf late there has been much hand wringing about the performance of the Malaysian ringgit. The ringgit’s depreciation has been steady and sustained against several key currencies, in particular the US dollar. Indeed, there is cause for concern as exchange rates do matter for the long-term well-bei...

By Obiyathulla Ismath Bacha / The Edge Malaysia

05 Jul 2023, 11:30 am

Who pays for anytime EPF withdrawals?

KLK investigating allegations of unethical practice linked to its foreign worker recruitment agent

A four-way bout in Kuala Kubu Baharu by-election

Court told MACC never asked Najib if he knew who owned shell company that transferred US$30 mil to his account

Three semiconductor firms keen to invest US$100m in Penang

Russia, Ukraine exchange strikes on refinery and gas targets

Deutsche Bank earmarks US$1.4b provision in hit to profit

Genting Malaysia denies involvement in talks for Forest City casino

Territorial Sea Act 2012 still valid, including in Terengganu, says PMO

Govt serious about resolving palm oil industry issues, says Johari Ghani

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