My Sinchew/ Business

RM2.58bn in GST collected from imports

The Royal Malaysian Customs Department has collected RM2.58 billion as Goods and Services Tax (GST) from imports since implementation of the new tax system on April 1.

1MDB troubles not broad-based distress among GLCs: Moody's

The financial issues surrounding IMalaysia Development Bhd (1MDB) is not a sign of broad-based distress among government-linked companies (GLCs), says Moody's Investors Service.

Moody's maintains stable outlook for banks

Moody's Investors Service has maintained its 'stable outlook' for the Malaysian banking system over the next 12-18 months.

Malaysia remains China's largest trading partner in Asean

Malaysia has been China's largest Asean trading partner for six consecutive years since 2008, Datuk Seri Najib Tun Razak said.

Singapore's Q1 economy grows 2.6%

The Singapore economy grew by 2.6 per cent on a year-on-year basis in the first quarter of 2015, faster than the 2.1 per cent growth in the preceding quarter, said the Ministry of Trade and Industry (MTI).

Malaysia-Japan trade up 1.4%

Malaysia's total trade with Japan increased by 1.4 percent in 2014, reaching RM137.45 billion (US$42 billion), said Malaysian Ambassador to Japan Datuk Ahmad Izlan Idris.

Local shares to trade sideways next week

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to consolidate sideways between 1,800 and 1,780 level next week, weighed down by the hawkish US Federal Reserve statement and weak global economic data.

Ringgit to strengthen further next week

The ringgit is expected to strengthen further next week against the US dollar in the range of between 3.56 and 3.62, riding on weaknesses of the greenback in the global market, an analyst said.

April CPI up 1.8%

The Consumer Price Index (CPI) increased 1.8 per cent to 111.9 in April 2015 compared with 109.9 recorded in the same month last year, the Statistics Department said.

Bursa supports initiative to promote market transparency

Bursa Malaysia Bhd is promoting sustainability performance and transparency in capital markets as part of its efforts to support the Sustainable Stock Exchanges (SSE) initiative.