• Filter by

Asia stocks struggle Tuesday on trade war fears

TOKYO: Asia stocks struggled on Tuesday as the latest round of U.S.-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1 percent.  Australian stocks lost 0.08 percent and Japan's Nikkei bucked the trend and edged up 0.2 percent.

Rehda debunks 2019 price turnaround

KUALA LUMPUR: Contrary to property consultancies and real estate agents’ reports that house prices will pick up in the second half of 2019, Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip says this is unlikely.

“The broad national economy will always have an impact on house prices. Look at the gross domestic product (GDP) for 2019, which is expected at 5% plus minus or it could actually go down. So, how can property prices for 2019 be better than the current year?” Ng(pic) asked.

Malaysian economic growth seen easing

KUALA LUMPUR: Malaysia’s economy is expected to continue growing at a slow rate between November 2018 to January 2019, in view of the current moderate trend, according to the Department of Statistics Malaysia.

Chief statistician Datuk Seri Mohd Uzir Mahidin(pic) said five out of the seven LI components contributed to the increase, with the highest contribution from real imports of semiconductors at 0.5%.

Economist: Malaysia to grow 4.5-5.5% in 2018 and 2019

KUALA LUMPUR: Malaysia's growth trajectory is expected to remain stable at 4.5 to 5.5 per cent this year and in 2019 despite fiscal restructuring and consolidation, thanks to sustained private sector and export demand.