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Moody’s Investors Service expects Malaysia's growth prospects to remain strong and it forecasts GDP to rebound by between 5% and 5.5% this year.
KUALA LUMPUR: Higher demand for financing would continue to buoy Public Bank Bhd’s near-term trajectory following its strong showing in the first quarter.
Lender buoyed by higher net interest income
KUALA LUMPUR: Bursa Malaysia is likely to trade in cautious mode next week as investors will be focusing on the release of Malaysia’s first-quarter 2021 (Q1 2021) gross domestic product (GDP) next week.
KUALA LUMPUR: The FBM KLCI stayed in positive territory headed into the lunch break as investors hunted for oversold counters.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Friday after Bank Negara Malaysia (BNM) maintained interest rate at 1.75 per cent, signalling Malaysia's economic recovery is on track, dealers said.
KUALA LUMPUR (Bernama) -- MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery.
Blue chips snapped their losing streak on Thursday on some buying of IHH Healthcare and KL Kepong but gloves lost ground amid a weaker broader market though there were some bright spots in the economic outlook.