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Forex 26 Jan 2018 | 12:00 AM

US dollar weakness seen persisting in short term

KUALA LUMPUR: The persistent weakness in the US dollar is surprising and could continue to persist in the short term, said Standard Chartered Bank’s global chief economist David Mann.

Economy 05 Jan 2018 | 12:00 AM

China to stick with ‘around 6.5%’ growth target

BEIJING: China will keep its target for economic growth at “around 6.5%” in 2018, unchanged from last year, policy sources told Reuters, as it seeks to balance efforts to reduce debt risks while keeping the world’s second-largest economy stable.

Economy 22 Dec 2017 | 12:00 AM

Fitch Rating upgrade for Indonesia months after S&P move

JAKARTA: Indonesia won a second sovereign rating upgrade this year, with Fitch Ratings raising its assessment to the second-lowest investment grade, months after S&P Global Ratings lifted the nation out of junk status. The nation’s stocks and currency rallied.

Economy 15 Dec 2017 | 12:00 AM

World Bank: Malaysia’s economic growth at 5.2%

PETALING JAYA: The World Bank projects Malaysia’s economy to continue growing at a strong pace of 5.2% in 2018, although slightly slower compared with the expected 5.8% growth this year.

Economy 04 Dec 2017 | 12:00 AM

Domestic demand to support Malaysian economic growth

IN the wake of weaker business conditions and consumer sentiment, coupled with a decline in manufacturing data, there are concerns that Malaysia’s recent strong economic growth may not be sustained.

Corporate News 23 Nov 2017 | 12:00 AM

Exports, investments to drive growth

KUALA LUMPUR: Stronger total exports and investments are expected to be Malaysia’s key economic drivers in 2018, according to Maybank Kim Eng senior economist Dr Chua Hak Bin. He projects the country to register a gross domestic product (GDP) growth of 5.3% next year, in line with global economic recovery.

Markets 22 Nov 2017 | 12:59 AM

Asian stocks rally on boost from strong global growth, earnings(Update)

SYDNEY: Asian shares scaled a fresh decade peak on Wednesday thanks to surging markets in Europe and America, as strong global growth and rising corporate profits lured hordes of investors into equities

Economy 22 Nov 2017 | 12:00 AM

S-E Asia set to carry higher growth into 2018

Region on solid footing amid rising global interest rates

Business 18 Nov 2017 | 12:00 AM

Treasury Pulse

THE US dollar continued its slide this week, falling by 0.49% to a further two-week low of 93.933 dragged by the stronger euro and cautious sentiment leading up to the House of Representatives tax bill revision.

Corporate News 30 Oct 2017 | 12:00 AM

Rosy White House tax cut forecast clashes with independent analysts

WASHINGTON: The White House promoted president Donald Trump’s tax cut plan last Friday with a forecast of faster US economic expansion and wage growth, as independent analysts said the plan would swell the budget deficit and provide little spark to the economy.