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BANDAR SERI BEGAWAN, July 19 (Xinhua): Autoriti Monetari Brunei Darussalam (AMBD), Brunei's de facto central bank, will be commencing survey interviews on selected businesses to develop the Business Sentiment Index (BSI) starting from Aug 1, 2020.
PETALING JAYA: The country's Consumer Price Index (CPI) declined by 2.9% in May compared to the same period last year, according to the Malaysian Statistics Department.
KUALA LUMPUR: Incentives under the Penjana Short-term Economic Recovery Plan will help to alleviate the weak sentiment but these lifelines given to the property sector would only moderately revive demand, with many buyers taking a wait-and-see approach.
PETALING JAYA: The Malaysian economy will face a sharp slowdown in the near future, warned AmBank Group chief economist Anthony Dass.
KUALA LUMPUR: The ringgit is expected to trade sideways next week, tracking the performance of other emerging market currencies as tensions between Washington and Beijing intensify along with recession fears. Combined with the global economic slowdown, ongoing Covid-19 (coronavirus) health pandemic as well as volatile oil prices, would put the local currency under pressure.
KUALA LUMPUR: The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week Movement Control Order (MCO) beginning on March 18 to curb the spread of Covid-19.
With optimism and a heavy dose of caution, millions of Chinese hit the road or visited newly re-opened tourist sites recently for an extended national holiday in a post-coronavirus confidence test.
The last time OPEC+ met, its members said they would be opening the taps to reassert their control of the oil market. Barely a month later, they are set to … tighten the taps … to reassert … you see the problem
AMID a backdrop of roiling markets brought about by the Covid-19 pandemic and crude oil crash, CGS-CIMB Securities Sdn Bhd (formerly known as Jupiter Securities Sdn Bhd) launches its retail Islamic Cross Border Trading (ICBT) services through its online platform CGS-CIMB iTrade.