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PETALING JAYA: Moody’s Investors Service says the government of Malaysia’s (A3 stable) credit profile reflects the country’s large and diversified economy with healthy medium-term growth prospects.
BEIJING: China’s Finance Ministry is set to propose a small increase in the targeted budget deficit for this year as officials seek to balance support for the economy with the need to keep control of debt levels.
PETALING JAYA: Previously neutral, Nomura Research is now “underweight” on the outlook for Malaysia’s equity market over the next three to six months.
KUALA LUMPUR: Malaysia has hired banks for the country’s first Samurai bond sale in three decades, adding to a flood of yen-denominated debt offerings by global borrowers tapping cheap funds in Japan.
KUALA LUMPUR: Moody's Investors Service sees increased fiscal challenges in Malaysia with the abolishment of the goods and services tax (GST) and introduction of the sales and services tax (SST).
TOKYO: Uniqlo operator Fast Retailing Co Ltd reported an unexpected decline in quarterly profit, blaming warm weather for hurting winter clothing sales even as its Chinese business shrugged off concerns of a decelerating economy.
PETALING JAYA: Finance Minister Lim Guan Eng has refuted Nomura Global Research’s claims that Malaysia’s fiscal deficit for 2018 would deteriorate to 3.9% of gross domestic product (GDP).
Department stores, mall chains continue to lose customers to discounters and e-commerce