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Latest Credit, Finance & Industry News
Economy grew at slower pace of 5.9% in Q4 of 2017 [14-02-2018]
Malaysia’s economy expanded at a slower pace of 5.9% in the fourth quarter of 2017 but it was slightly higher than the 5.8% growth forecast by economists.  The Statistics Department said that growth was slower than the 6.2% in the third quarter of 2017. However, the economy gr>>>>>[Read More]

Malaysia's external debt higher at RM883.4b end-Dec but manageable [14-02-2018]
Malaysia's external debt rose to RM883.4bil (US$215.5bil) or 65.3% of GDP as at end-December 2017 from the preceding quarter due to an increase in loans, interbank borrowing and non-resident (NR) holdings of domestic debt securities, says Bank Negara Malaysia. The Q4 debt increased from>>>>>[Read More]

Singapore economy loses momentum as exports ease [14-02-2018]
SINGAPORE: Singapore’s economy lost some of its momentum in the fourth quarter and the government sees growth moderating slightly this year as an export boom in 2017 eases. Gross domestic product rose at a seasonally adjusted, annualized rate of 2.1 percent from prior three months,>>>>>[Read More]

World Bank: Demand-side housing information lacking [13-02-2018]
Malaysia provides comprehensive supply-side information like the number of housing starts and completions but lacks demand-side information, said the World Bank. Senior housing specialist Dao Harrison based in Singapore’s World Bank Group suggested the need for a housing think tan>>>>>[Read More]

In KL, luxury property prices nosedive [13-02-2018]
Luxury residences in the prime property area surrounding KLCC are no longer selling at prices as high as RM2,500 per square foot, but are now being sold at prices below RM1,800, a property consultancy firm has said. Tan Sri Abdul Rahim Abdul Rahman, executive chairman of Rahim & Co, >>>>>[Read More]

With upcoming projects, Klang Valley to have mall, office glut [13-02-2018]
The Klang Valley will have too many offices and shopping malls as both sectors will have about 18 million square feet of space each, to be completed in the next few years, Rahim & Co said today. According to the property consultancy firm, the Klang Valley already has a total of 69.8>>>>>[Read More]

Malaysia GDP quarterly growth seen cooling to 5.7% [13-02-2018]
Malaysia’s economy grew more slowly in the last quarter of 2017 than the blistering pace set in July-September, a Reuters poll showed, as exports increased at a slower rate. The median forecast in the poll of 12 economists was for annual growth of 5.7% in October-December, c>>>>>[Read More]

Malaysia unlikely to face property bubble [13-02-2018]
Malaysia unlikely to face property bubble as the various pre-emptive measures already in to stabilise the market, including measures implemented by Bank Negara Malaysia (BNM). Rahim & Co's Strategic Planning and Research Director Sulaiman Akhmady Mohd Saheh said the current property bubble are irrelevant and t>>>>>[Read More]

Malaysia economic growth at 5.3pct in Q4 of 2017 [12-02-2018]
RAM Ratings forecasts Malaysia's economic growth to have expanded at a slower pace of 5.3% in the fourth quarter of 2017 while growth for the year would be at 5.8%. The rating agency said on Monday the slower Q4 growth 6.2% compared with the better-than-anticipated 6.2% in the third quar>>>>>[Read More]

Latent price and cost pressures [10-02-2018]
PRICE pressures and increasing cost of doing business continue to be a going concern. Consumers and households have to contend with inflation and stubbornly high cost of living. Small and medium-sized enterprises (SMEs) are struggling with the high cost of doi>>>>>[Read More]

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