Fintan Ng

Recent and archived articles by Fintan Ng

5 May 2018 | 7:00 AM

Election a short-term market sway phenomenon

THE consensus is for the Barisan Nasional to win the upcoming general election (GE) to be held next Wednesday. But what if Pakatan Harapan were to win?

28 Apr 2018 | 7:00 AM

US bond factor weighs on ringgit

FACTORS besides uncertainties surrounding the general election are weighing on the ringgit, which should have strengthened with rising oil prices.

24 Apr 2018 | 4:24 PM

What do rising US bond yields mean for emerging markets?

This time around, the greenback is strengthening in tandem with the bond yields

10 Mar 2018 | 7:00 AM

Steely decision

PRESIDENT Donald Trump’s decision to impose tariffs on steel and aluminium imports into the United States will have a wider impact than just the industry he is protecting, and comes after the January decision to impose tariffs on solar panels and washing machines. The tariff will take effect 15 days after March 8 when the order was signed.

Huge impact: The tariffs will take effect 15 days after March 8. Trump’s decision to impose tariffs on steel and aluminium imports into the United States will have a wider impact than just the industry he is protecting. — AP
27 Jan 2018 | 7:00 AM

Record funds flow into emerging markets

There is optimism in the air, at least that’s what’s making investors pour money into equities and move out of bonds, where yields have risen.

26 Jan 2018 | 7:00 AM

Bank Negara moves to signal low interest rate days are over

PETALING JAYA: The 25-basis-point (bps) hike in the benchmark overnight policy rate (OPR) to 3.25% by Bank Negara signals that the days of low interest rates are over. Banks seen to adjust deposit and lending rate higher.

AllianceDBS Research chief economist Manokaran Mottain said the hike will directly increase the base financing rate by as much as 25bps and deposit rates by as much as 20bps. “For the banking industry, the rate hike means higher margins from variable rate products,” he said in a report.
24 Jan 2018 | 7:00 AM

Wahid confident of Malaysian stock market performance

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) chairman Tan Sri Abdul Wahid Omar is confident the local bourse will continue to perform this year after a stellar 2017.

“2017 has been a good year for Malaysia overall. The effect has been felt in the stock market,” Wahid said on the sidelines of Invest Malaysia 2018 after taking part in a panel discussion on “Policies, Capital Markets and the Role of Corporate Malaysia for a Sustainable Future”.
5 Jan 2018 | 7:00 AM

Fiscal space needed to balance govt finances by 2022 or 2023

KUALA LUMPUR: Malaysia needs fiscal space in order to balance the government finances by 2022 or 2023, says Finance Minister II Datuk Seri Johari Abdul Ghani.

Speaking at a question-and-answer session at the 10th Annual Malaysia Corporate Day organised by CIMB Group Holdings Bhd yesterday, Johari(pic) said more public infrastructure projects would be needed to sustain the economic growth.  “Our original target was 2020 but probably we need another two to three years,” he said, pointing out that cutting spending too much would have a negative impact on the economy.  He added that civil service jobs would be maintained at present levels so that the costs could be contained and spending minimised.
4 Jan 2018 | 11:09 AM

Johari estimates government budget to be balanced by 2022/2023

KUALA LUMPUR: Finance Minister II Datuk Seri Johari Abdul Ghani believes government finances can be balanced by 2022 or 2023 on a combination of stable economic growth, prudent spending and managing civil service pensions and emoluments.

30 Dec 2017 | 7:00 AM

Five things to look out for in 2018

Factors that will impact the domestic economy, from China to the general election