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Corporate News 24 Jan 2019 | 12:00 AM

M’sia on track to restore financial health in three years

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.

Corporate News 24 Jan 2019 | 12:00 AM

UBS sees ringgit weakening this year, before recovering in 2020

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.

Business 24 Jan 2019 | 12:00 AM

Oil edges up on China’s fiscal stimulus

SINGAPORE: Oil prices inched up after China said it would raise spending to stem an economic slowdown that has been weighing on financial markets.

Business 24 Jan 2019 | 12:00 AM

China stepping up fiscal spending this year to support economy

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.

Business 24 Jan 2019 | 12:00 AM

BoJ cuts inflation forecasts

TOKYO: The Bank of Japan (BoJ) has cut its inflation forecasts and stuck to its ultra-loose monetary policy, as pressure on the economy mounts and slowing global demand threatens its years-long efforts to foster durable growth.

Economy 24 Jan 2019 | 7:18 AM

Bank Negara's MPC retains OPR at 3.25%

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.

Corporate News 25 Jan 2019 | 5:23 AM

Moody's upgrades Hong Leong Bank baseline credit assessment

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.

Economy 25 Jan 2019 | 7:57 AM

OCBC Bank sees ringgit firmer vs US$ by end-2019

KUALA LUMPUR: OCBC Bank forecasts the ringgit to stabilise and strengthen against the US dollar by the end-2019 but this must also be weighed against softer oil prices.

Corporate News 25 Jan 2019 | 10:59 PM

World markets themes for the week ahead

NEW YORK: Following are five big themes likely to dominate the thinking of investors and traders in the coming week.

Business 26 Jan 2019 | 12:00 AM Premium

Green shoots of construction revival

A slew of contracts is given out, but is it enough to spur the sector?