My Sinchew/ Biz

Fed raises key interest rate, sees three hikes in 2017

The US Federal Reserve on Wednesday raised the benchmark interest rate by a quarter percentage point as expected, citing an improving economy with one month to go before President-elect Donald Trump takes office.


Foreign reserves down to US$96.4bn

The international reserves of Bank Negara Malaysia (BNM) amounted to RM399.643 billion (equivalent to US$96.4 billion) as at Nov 30, compared to RM407.839 billion (US$98.3 billion) as at Nov 15.


Russia poised to gain from oil production freeze

With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production.


Malaysia's growth momentum to stabilize in 2017: RAM

Malaysia's economic growth momentum is expected to stabilise in 2017, on the back of resilient domestic demand and improving prospects for external demand, says RAM Ratings Services Bhd.


Malaysia pins trade pact hopes on Abe-Trump meeting

Malaysian leader Najib Razak expressed hope Wednesday that Japanese counterpart Shinzo Abe can persuade US President-elect Donald Trump of the merits of a languishing Pacific free trade deal.


Why is ringgit falling despite China deals?

We simply have too many economic challenges ahead of us, but unfortunately our government gets so much carried away by the flashy economic data that it has overlooked the potential risks and the people's feelings.


Malaysia on track to achieve 4-5% growth this year: economist

Malaysia is on track to achieve its earlier projected economic growth of 4.0 to 5.0 per cent in 2016 on the back of strong domestic demand, MIDF Amanah Investment Bank Bhd said.


Trump fear fans dollar rally as emerging markets sink

The dollar soared against high-yielding currencies and Asian emerging markets sank Friday on the prospect of higher US interest rates, with dealers betting Donald Trump's planned huge spending policies will fire inflation.


BNM: Too early to predict Trump's downside risks on Malaysian economy

It's too early to predict the possible downside risks to Malaysia's economy following Donald Trump's victory in the US presidential election, said Bank Negara Malaysia (BNM) Governor Datuk Muhammad Ibrahim.


BNM won't peg ringgit

Bank Negara will not peg the ringgit despite the recent volatility the currency has been facing due to the external environment.


 

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