My Sinchew/ Biz

BNM's international reserves at US$94.6bn as at end 2016

Bank Negara Malaysia's (BNM) international reserves amounted to US$94.6 billion (equivalent to RM424.2 billion) as at Dec 30, 2016 compared with US$95.3 billion (RM409.1 billion) as at end-2015.


Ringgit to rebound to a fair value in Q3: deputy minister

Deputy Finance Minister I Datuk Othman Aziz today agreed with bankers' forecast that the ringgit will rebound to a fair value of 4.1 against the US dollar in the third quarter of the year.


Eurozone economy hits near 6-year high

Eurozone business activity hit its highest rate since May 2011 in December but the outlook remains hostage to political developments, a closely watched survey showed Wednesday.


RAM Ratings reaffirms Media Chinese's AA1 rating

RAM Ratings has reaffirmed the AA1/Stable rating of Media Chinese International Limited's RM500 million MTN Programme (2014/2029) on expectation the Group will maintain its robust financial profile.


Malaysian economy resilient to external headwinds: WB

The Malaysian economy remains resilient to external headwinds given its solid microeconomic management, says the World Bank in its latest edition of the 'Malaysia Economic Monitor'.


Positive construction sector despite global uncertainty

Despite global economic uncertainties, the construction industry showed remarkable performance in 2016, led by the infrastructure category which topped the list of projects registered with the Construction Industry Development Board (CIDB).


Ringgit will bounce back: Treasury

The ringgit, which has weakened along with other emerging market currencies against the US dollar, has all the strength to bounce back, said Second Finance Minister Datuk Johari Abdul Ghani.


Strong dollar could challenge Trump agenda

The strong US dollar, boosted further by the Federal Reserve's decision to raise interest rates, could pose challenges to President-elect Donald Trump's economic agenda.


Too early to tell impact of US rate hike on Malaysian trade

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said it was still too early to see the impact of the US interest rate hike on Malaysia's trade.


IMF projects 4.2% growth for Malaysia this year

espite headwinds, the Malaysian economy continues to perform well with 2016 growth projected at 4.2 percent, supported by domestic demand, the International Monetary Fund (IMF) said.


 

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