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KUALA LUMPUR: Bank Negara’s decision to maintain the overnight policy rate (OPR) at 1.75% at its second Monetary Policy Committee (MPC) meeting yesterday suggests that the central bank is confident of economic recovery this year on the back of improving global demand and consumer spending.
KUALA LUMPUR: Khazanah Nasional Bhd, which saw its profit from operations fall to RM2.9bil in 2020, declared a dividend of RM2bil for the Government.
FOCUS will be on Bank Negara’s monetary policy decision. Bank Negara’s Monetary Policy Committee (MPC) is scheduled to meet on Thursday to review the overnight policy rate (OPR).It has maintained the OPR unchanged at 1.75% on Jan 20.
Group posts higher revenue of RM318.6mil for the quarter ended Dec 31,2020
Global Forex MarketTHE dollar closed the week softer, down 0.25% to 90.13 but managed to recover some of its early week losses following Fed chair Powell’s upbeat speech during his two-day Congressional testimony as well as a slew of strong data release, which triggered a selling wave in the US Treasury market.
KUMPULAN Perangsang Selangor Berhad (KPS) reported RM1.1bil revenue for its fiscal 2020, setting a new financial milestone by surpassing the RM1bil revenue mark for the Group’s performance.
PETALING JAYA: After facing monthly deflation for nearly a year, Malaysia is expected to feel inflationary price pressure once again as fuel prices increase and demand gradually returns.
SYDNEY: The bond market rout is starting to test the resolve of global central banks, and nowhere is that clearer than in Australia, where policymakers are struggling to defend their yield targets.
KUALA LUMPUR: Malaysia’s consumer price index recorded a year-on-year (y-o-y) decrease of 0.2% to 122.1 in January, representing a 10th straight month of declines since March last year.