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KUALA LUMPUR: The industrial production index (IPI) rebounded by 18.2% in May from a month ago as the government allowed more industries to resume operations under the movement control order, according to the Statistics Department, while economists expect further recovery in the months ahead.
PETALING JAYA: Bank Negara has gone full-throttle to accelerate Malaysia’s economic recovery after it slashed the benchmark interest rate to 1.75%, an all-time-low since the central bank adopted the overnight policy rate (OPR) framework in 2004
PETALING JAYA: The FBM KLCI is hair’s breadth away from recouping the RM228bil in market capitalisation it lost from the start of the year, exacerbated by the Covid-19-induced rout.
KUALA LUMPUR: Foreign funds remained as net sellers for the 20th week running although at a slower pace, according to MIDF Research.
Business confidence strengthens to four-month high
PETALING JAYA: Even though Cahya Mata Sarawak Bhd’s (CMS) core net profit for the first quarter (Q1) fell by more than half, analysts believe the company should be a key catalyst for the state’s infrastructure spending.
PETALING JAYA: The acquisition of The Sunway Pinnacle is expected to lift Sunway Real Estate Investment Trust’s (Sunway REIT) earnings from as early as next year.