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PETALING JAYA: Finance Minister Lim Guan Eng said Malaysia is on track to restore its financial health within three years after it had been damaged by the 1Malaysia Development Bhd scandal.
PETALING JAYA: The ringgit could weaken to as much as 4.4 against the US dollar this year before recovering in 2020, predicts UBS Investment Bank.
BEIJING: China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said.
KUALA LUMPUR: Bank Negara Malaysia's Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at 3.25% as latest indicators point towards sustained economic expansion.
KUALA LUMPUR: Hong Leong Bank Bhd's improved asset quality and strong capital has prompted Moody's Investors Service upgraded the bank's baseline credit assessment (BCA) and adjusted BCA to a3 from baa1.