My Sinchew/ Biz

Dow ends above 20,000, extending election rally

The Dow finished above 20,000 points for the first time Wednesday, after breaching the milestone at the open, extending a stocks rally following US President Donald Trump's election, which sparked hopes of pro-growth policies.


RCEP will be next trading platform

The Regional Comprehensive Economic Partnership (RCEP) is going to be the next trading platform for Malaysia and the other nine Asean countries, opening new markets for over three billion people, said Malaysia External Trade Development Corp (Matrade).


Lower bonuses, pay increases due to slashed profits: ACCCIM

MEF report shows that the average rate of pay rises for 2017 is 5.3%, lower than the 5.8% to 6% recorded in previous years.


TPPA failure not curtailing country's trade: Ahmad Maslan

Ahmad Maslan says the failure to finalize TPPA following the withdrawal of US does not mean Malaysia's trade will be curtailed.


Ringgit to stabilize to RM4.20 this year: ACCCIM

"Due to external resistance and negative market sentiment, the local unit has remained undervalued."


CPI up 2.1% in 2016

The Consumer Price Index (CPI), which is a measure of inflation, rose 2.1 per cent to 116.9 in 2016 compared to 114.8 registered in 2015, said the Department of Statistics Malaysia.


Buffett's Berkshire Hathaway expands specialty insurance to Malaysia

Warren Buffett's Berkshire Hathaway Specialty Insurance Company announces it has received a license from Labuan FSA to provide non-life reinsurance to the Malaysian market.


Ringgit movement to track external developments: WB

The ringgit's movement will likely be driven by external developments and global perspectives, says the World Bank.


FGV not taking company private

Felda Global Ventures Holdings Bhd's (FGV) board of directors today clarified that there has been no discussions on taking the company private.


GDP to improve to 4.5% this year: RAM

KUALA LUMPUR, Jan 10 (Bernama) -- Malaysia's gross domestic product (GDP) is expected to improve to 4.5 per cent this year from the estimated 4.2 per cent in 2016, said RAM Rating Services Bhd.

Its Economist, Kristina Fong, said for the past couple of years, the Malaysian economy has gone through a lot of downside risks and challenges.

She said RAM saw some prospects of stabilisation on the macro indicators for this year.

"For example, a couple of years ago we saw private consumption weakening with the implementation of the goods and services tax but tapered off after some time.


 

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