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SINGAPORE: Singapore's economy grew more slowly than forecast in the fourth quarter after the manufacturing sector shrank, adding to jitters that a trade dispute between the United States and China will drag on growth in 2019.
PETALING JAYA: Despite inflationary pressure building up, the overnight policy rate (OPR) is expected to be maintained at 3.25% next year if gross domestic product (GDP) growth does not slide below 4%, according to economists.
KUALA LUMPUR: Bank Islam Malaysia Bhd expects to achieve a loan growth of 7% to 8% next year, slightly lower than this year’s target, amid the challenging business environment.
PETALING JAYA: Finance Minister Lim Guan Eng expects the severe gas supply disruption from the production breakdown in the Kebabangan gasfield in Sabah to continue until the middle of 2019.
PETALING JAYA: The World Bank has cut Malaysia’s gross domestic product (GDP) growth forecast for 2018 to 4.9% from 5.4% on the back of slowing export growth and lower public investment. It expects the country’s pace of economic expansion to continue moderating until 2020.
PETALING JAYA: Helped by an easier rise in the prices of fuels, Malaysia’s inflation moderated to its slowest pace in 42 months in August, lower than consensus estimates.