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Latest Credit, Finance & Industry News
Inflation falls to below 1% in June, first time in 40 months [18-07-2018]
Malaysia's inflation rate fell below 1% in June, which was the first time in 40 months following the abolishment of the Goods and Services Tax (GST) , discounted prices by retailers and price control due to the festivities. The Statistics Department said on Wednesday the Consumer Price I>>>>>[Read More]

Massive 28% improvement in car sales for June [18-07-2018]
Total vehicle sales increased 28% to 64,502 units last month, compared with 50,273 units a year earlier, bolstered by the reduction in car prices due to the zero-rated Goods and Services Tax (GST) and Hari Raya-related campaigns and promotions.  Year-to-date June, total vehicle sale>>>>>[Read More]

Retail sector growth revised higher to 5.3% post-GE14 [17-07-2018]
alaysia's retail sector is estimated to chalk up a growth of 5.3 per cent after the 14th General Election and revised from an earlier estimate of 4.7 per cent, said Retail Group Malaysia (RGM) Sdn Bhd Managing Director Tan Hai Hsin. The psychological factor, taken into account when measu>>>>>[Read More]

RHB Research sees slower GDP growth, ringgit to weaken to 4.10 vs US$ [11-07-2018]
RHB Research expects Malaysia’s economy to grow at a slower pace for 2018 and next year mainly on account of slowing exports, monetary tightening in major economies, and rising trade tensions. In its research note, it also said the ringgit was expected t>>>>>[Read More]

Think tank says Malaysia's GDP growth could drop to below 4% next year [11-07-2018]
The growth rate of Malaysia’s gross domestic product (GDP) could fall to below 4% in 2019 if the United States and China continue to hike tariffs on a wider range of imports from each other. Socio-Economic Research Centre (SERC) executive director Lee Heng Guie cautioned that Mala>>>>>[Read More]

Property buyers in wait-and-see mode pending new govt policies post-GE14 [10-07-2018]
While Hong Leong Investment Bank Bhd says it can't rule out a mild recovery of interest in the property sector given the trough valuation and domestic growth focus theme with possible introduction of new policies, it said developers' full year sales may still fall short of targets, as sales would likely remain soft after >>>>>[Read More]

Too early to turn bullish on property segment, says report [09-07-2018]
News that the Housing and Local Government Ministry is in talks with Bank Negara Malaysia to draw out the guidelines for a more relaxed loan scheme for some homebuyers may raise hopes of better earnings for the property firms. But should we be hopeful? The minister Zuraida Kamaruddin announced earlier this week sai>>>>>[Read More]

Mixed views on the banking sector [04-07-2018]
The outlook for the banking sector for the rest of this year remains clouded by uncertainties over the impact of policies under the Pakatan Harapan-led government. While there are some analysts who believe that the industry’s prospects could improve, with loan growth accelerating in the second half of this y>>>>>[Read More]

Housing ministry, BNM to ease housing loan requirements [04-07-2018]
The Housing and Local Government Ministry is working with Bank Negara Malaysia (BNM) to ease housing loan requirements for home buyers, in a bid to reduce the number of unsold completed residential units in the country. Minister Zuraida Kamaruddin said the central bank is preparing guidelines to allow for the relax>>>>>[Read More]

Economists bullish on Malaysia Q2 GDP growth [02-07-2018]
The country’s gross domestic product (GDP) is projected to grow by 5.5% to 5.6% in the second quarter (Q2) from 5.4% in the first quarter of this year, a sign that Malaysia’s economy is gaining momentum under the new Pakatan Harapan government’s economic policy. Economists are bullish on Q2 after >>>>>[Read More]

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