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KUALA LUMPUR: Hong Leong Bank Bhd (HLB) and Hong Leong Islamic Bank Bhd will be reducing the base rate and Islamic Base Rate to 2.88% from 3.38%, effective May 12.
PETALING JAYA:Petroliam Nasional Bhd (Petronas) may again be called to boost its dividend payout to the government this year, on top of the RM24bil it has committed to, according to Kenanga Research.
PETALING JAYA: After more than two years of decline against the US dollar, the ringgit is expected to strengthen to between RM4 and RM4.10 against the greenback this year, according to Standard Chartered.
THE global economic environment remains fraught with uncertainties.However, one thing is clear, and that is, the risk of a global recession in 2020 remains low.
KUALA LUMPUR: Malaysian sovereign wealth fund Khazanah Nasional Bhd is not interested in selling PLUS Malaysia Bhd, the country’s biggest expressway toll firm, its managing director said in comments following media reports of interested parties.
KUALA LUMPUR: The ringgit opened flat today against the US dollar as the greenback continued to gain traction ahead of a widely expected US and European Central Bank (ECB) interest rates cut.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as traders stayed cautious ahead of a widely expected US interest rates cut later this month.
MANILA: The Philippines central bank is on course to cut its key rate as inflation cools, and policy easing will be on the table as soon as the May 9 meeting, Governor Benjamin Diokno said.