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Latest Credit, Finance & Industry News
Malaysia?s SME GDP contribution to exceed 40% [13-07-2017]
The Malaysian Small and Medium Entrepreneur (SME) sector contribution to the country’s gross domestic product (GDP) is expected to exceed 40% and on track to achieve the target of 41% of the GDP. >>>>>[Read More]

Malaysia wields cheap currency to beat peers in export race [13-07-2017]
When the global trade rebound came this year, Malaysia held one advantage over its peers: the cheapest currency in Southeast Asia. The ringgit is down more than 7 percent against the dollar in the past year, even after recovering in 2017. Exports from Indonesi>>>>>[Read More]

PublicInvest expects pressure on oil prices to persist [13-07-2017]
“We opine the industry is more focused on robust activity at stable oil prices, rather than very high oil prices at this juncture which is not sustainable,” PublicInvest said.PublicInvest Rese>>>>>[Read More]

Malaysia's oil and gas industry on the road to recovery [12-07-2017]
There is optimism that the nation’s oil and gas industry is on the road to recovery, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. “If 2016 was the ‘year of tough decisions’ for the oil and gas indus>>>>>[Read More]

Malaysia's manufacturing sales up 19.5% in May to RM61.9bil [12-07-2017]
Malaysia's manufacturing sales grew strongly by 19.5% in May 2017 to RM61.9bil as compared to RM51.8bil in the same month of 2016, due to increases recorded in its three major sub-sectors. According to the Statistics Department, rises were recorded by electrical and electronics products >>>>>[Read More]

AEC helps boost Malaysian exports [11-07-2017]
Malaysia’s exports have increased after the establishment of the Asean Economic Community (AEC) in 2015, with total exports to Asean markets rising to RM230.93bil in 2016 from RM213.4bil in 2014. Malaysia External Trade Development Corp (Matrade) Asean Unit Director, Raja Badrulni>>>>>[Read More]

Domestic contract awards fell to RM10.7bil in first half [10-07-2017]
Domestic contract awards in the construction sector totalled RM10.7bil in the first half of 2017, declining 72% year-on-year. HLIB Research noted that the steep fall was attributed to an exceptionally high base last year due to the award of>>>>>[Read More]

Optimism on the rise [10-07-2017]
DESPITE the ongoing political drama, there are good reasons to be optimistic about the growth prospects of Malaysia for the remaining part of the year. For one thing, the world economy seems to have converged in a synchronised growth upsw>>>>>[Read More]

Another round in fight for deposits among banks likely [08-07-2017]
A further Basel III ruling could spark another round of fighting for deposits among banks. The net stable funding ratio (NSFR) requirement, which is expected to come on stream next year, requires banks to reduce their reliance on short-ter>>>>>[Read More]

Domestic construction jobs in 1H fall 72pc [07-07-2017]
Domestic contract awards in the construction sector totalled RM10.7bil in 1H17, declining 72% year-on-year.  HLIB Research noted that the steep fall was attributed to an exceptionally high base last year due to the award of the MRT2 underground works (RM15.5bil), DUKE3 (RM3.7bil) and>>>>>[Read More]

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