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Moody’s: Malaysia’s A3 credit profile reflects diversified economy
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.
Property sector expected to recover in first half
PETALING JAYA: The property market is expected to recover within the first half of 2019, as industry experts reckon that home sales have already bottomed out.
China to propose wider 2019 fiscal deficit amid slowdown
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.
Nomura now 'underweight' on M'sian equity market, before 'neutral'
PETALING JAYA: Previously neutral, Nomura Research is now “underweight” on the outlook for Malaysia’s equity market over the next three to six months.
Apple gives CEO Tim Cook 22% increase in pay
Compensation surges to US$15.7 million as iPhone maker tops financial targets but faces slowdown
Malaysia picks HSBC, Mizuho, Nomura for US$1.9b Samurai bond sale
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.
Moody's sees increased fiscal challenges in Malaysia
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).
Uniqlo’s Fast Retailing blames warm winter for surprise profit decline
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.
Govt refutes Nomura's claims, says fiscal deficit within target
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).
Strong economy can’t save Macy’s from retail shifts
Department stores, mall chains continue to lose customers to discounters and e-commerce
