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KUALA LUMPUR: Malaysia’s inflation rate in October fell for the eighth month, down by 1.5% on-year due to lower fuel prices, based on the Statistics Department data.
Developer expects a soft market for remainder of year
PETALING JAYA: Malaysia is expected to see another dip in economic growth in the third quarter, with a technical recession likely to extend to the final three months of the year due to the ongoing conditional movement control order (CMCO).
Research house expects GDP to contract by 4.4% this year
KUALA LUMPUR: Rising Covid-19 coronavirus cases in India will keep private spending and investment lower for longer and S&P Global Ratings expects the economy to contract much sharper than forecast.
KUALA LUMPUR: The services sector revenue recorded negative growth of 24% in the second quarter of 2020 to RM335.6bil as compared with the same quarter of the previous year, said the Statistics Department
KUALA LUMPUR: Shares in Econpile Holdings Bhd rose higher in early trade Thursday on securing a new contract worth RM24.1mil.
KUALA LUMPUR: Stocks to watch on Thursday include Ancom Bhd, Ancom Logistics Bhd, Nylex (M) Bhd, MQ Technology Bhd, Tex Cycle Technology, NetX Holdings, Lambo Group Bhd and MISC Bhd, according to JF Apex Research.