My Sinchew/ Biz

GDP to expand 5% this year: OCBC

Singapore-based banking group OCBC Bank has forecast Malaysia's gross domestic product (GDP) to grow five per cent this year, backed by strong private consumption and investment.


MAS to be profitable in 1Q19

CEO says MAS will likely be profitable by the first quarter of 2019.


Timely boost for the local bourse

The government believes the new measure will stimulate the buying interest of investors and boost the overall market activity while promoting share circulation.


Bursa growth to continue despite current sell-off: PNB

Bursa Malaysia's growth trajectory will rebound with the country's economy continuing to flourish, the business environment being positive, and the CEO Confidence Index continuing to improve.


OPR increased by 25 basis points

Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 3.25 per cent at the Monetary Policy Meeting (MPC) as it decides to normalize the degree of monetary accommodation amid the economy being firmly on a steady growth path.


Pro-trade allies rally in Davos ahead of Trump visit

India and Canada rallied their pro-globalisation allies at the Davos business summit Tuesday as delegates braced for a potentially combative appearance by US President Donald Trump later in the week.


Where's the euphoria in our economic upswing?

Living expenses of low to middle-income groups have been rising remarkably against modest increases in their incomes, hence the overall depressed consumer sentiment.


Ringgit on its way to more reasonable levels

The ringgit must be back to more reasonable levels to reflect the country's economic fundamentals.


Govt debt level not critical: Najib

Najib says debt is at 50.9% of GDP, lower than the 55% set by govt and far better than developed countries like Singapore (112%), UK (89.3%) and Canada (92.3%).


Oil prices likely to fetch US$70 per barrel this year

With oil prices already hovering between US$55 and US$60 per barrel at present, OCBC Bank expects prices to head marginally higher to at most US$70 per barrel in 2018 against a backdrop of a strong global demand and tame supply story.


 

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