My Sinchew/ Biz

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.


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.


 

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