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Old December 9th, 2017, 07:39 PM   #3561
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Quote:
Originally Posted by nazrey View Post
Malaysia's overseas investments reach RM908b at June 2017
November 20, 2017 @ 9:05pm

https://www.nst.com.my/business/2017...908b-june-2017
FDI net outflow, % GDP

1. Singapore
12. Malaysia
13. Canada
21. Japan
22. Germany
29. USA
33. Philippines
35. Thailand
43. France
48. Indonesia
54. Italy
59. Vietnam
122. UK

https://www.weforum.org/reports/the-...port-2017-2018
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Old December 12th, 2017, 07:49 AM   #3562
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IMF gives thumbs-up for Malaysia
By RUPA DAMODARAN - December 12, 2017 @ 10:32am


Quote:
KUALA LUMPUR: The International Monetary Fund (IMF) gave the thumbs-up to Malaysia for its resilient economy in recent years as well as its financial system.

Real GDP growth has surprised on the upside, growing at 5.9 per cent year-over-year in the first three quarters of 2017.

In its preliminary findings following its annual visit for the 2018 Article IV Consultation, mission leader Nada Choueiri said:

“Risks to the near–term outlook are balanced.

“Strong global demand for electronics, which has benefitted Malaysia’s exports, could last longer than anticipated, while downside risks include policy uncertainty in advanced economies and tighter global financial conditions.“

Going forward, striking the right balance in policies will be key, she said.

On the monetary policy stance, she said Bank Negara Malaysia should be ready to raise the policy rate should leading indicators suggest the emergence of overheating pressures.

“Continued reliance on exchange rate flexibility and macroeconomic policy adjustments should be the first line of defence against capital flow shocks.”

The IMF team welcomed the central bank’s consultation with market participants in developing onshore financial markets.

Continuous communication on initiatives to deepen these markets over time would help further build confidence.

“The financial sector is resilient. Bank profitability and liquidity are sound, and corporate access to credit remains healthy.”

While housing price growth has moderated, pockets of risks exist in exposures to household mortgages and the property development sector. “However, their impact on macro-financial stability appears contained.”

The planned fiscal consolidation pace for 2017–18 is appropriate, and will help build buffers and maintain financial market confidence.

“ In the medium term, fiscal policy should follow a gradual consolidation path, and the composition of adjustment could be improved to make it more revenue-based and to make room for the structural reforms and increased social spending for inclusive growth.”

The team also suggested that medium term fiscal targets be better communicated.

The team visited Putrajaya and Kuala Lumpur from November 28 till December 8 and exchanged views with senior government officials and Bank Negara Malaysia (BNM), apart from representatives from the private sector and think tanks.

The report is expected to be presented to the executive board of the IMF in February 2018.
https://www.nst.com.my/business/2017...humbs-malaysia
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Old December 14th, 2017, 09:58 AM   #3563
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Bilateral trade value between China-Malaysia increased this year
By HAZWAN FAISAL MOHAMAD - December 14, 2017 @ 1:38pm


Quote:
KUALA LUMPUR: Malaysia-China bilateral trade reached RM237.96 billion for the first 10 months of this year, up 24.1 percent from RM191.65 billion in the same period last year.

Export value during the period also increased 33.5 per cent to RM103.32 billion from RM77.4 billion.


The increase was due to higher export volume in electrical and electrical (E&E) products, petroleum products as well as liquefied natural gas (LNG), chemicals and chemical products as well as rubber products.

For imports, it recorded an increase of 17.8 per cent to RM134.64 billion compared to RM114.29 billion for the previous year.

Deputy International Trade and Industry Minister Datuk Chua Tee Yong said trade deficit for the period under review declined to RM31.32 billion from RM36.87 billion previously.

He said this year, China has also remained the largest trading partner of Malaysia for the ninth consecutive year.

"Increasing exports from growing sectors such as food and other sectors has been the main reasons for our export value to China to grow, apart from relying on E&E products, palm oil and other commodities.

"This is a positive thing for the country as it shows Malaysia does not rely on one product only for export as emphasised by the National Export Council. It is important for us to diversify our export and market products.

"So I think for this year for first 10 months, there is an increase in terms of trade and exports not only to China, but also the European Union, Japan, the United States and ASEAN are also rising," he said.

He was speaking at a press conference after officiating the Malaysia-ASEAN Small and Medium Enterprise (CASTPP) Trade Promotion Platform Business Forum at the Malaysia External Trade Development Corporation (MATRADE) here today.

Also present were CASTPP Executive Secretary Gao Hang and MATRADE Chief Executive Officer Ir Dr Mohd Shahreen Zainooreen Madros.

Meanwhile, Tee Yong said to date, the CASTPP, which was launched in December last year, has successfully exported over 300 product stock piles valued at almost RM1 million to China.

He said the products exported by the local Small and Medium Enterprises (SMEs) were mostly food and beverages.

"Through CASTPP, we want to help SMEs enter the Chinese market which is geographically challenging to do alone because of the size of the market.

"However, we do not force SMEs to join this platform if they want to do it on their own. We want to highlight that this CASTPP is one of the initiatives prepared by MATRADE to help penetrate the Chinese market.

"We also did not set any target through this non profit-based platform because it is not obligatory for SMEs to use it," he said.
https://www.nst.com.my/business/2017...increased-year
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Old December 15th, 2017, 07:47 AM   #3564
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Malaysia may become the second fastest growing economy in Asean next year: PublicInvest
Photo by AIZUDDIN SAAD


Quote:
By NST Business - December 15, 2017 @ 9:36am
KUALA LUMPUR: Malaysia may become the second fastest growing economy in the region, behind only the Philippines, next year with a projected growth rate of 5.2 per cent, Public Investment Bank said.

As the global economic upswing that started in 2017 is expected to continue into 2018, PublicInvest said the local bourse stands to benefit with earnings growth expected to accelerate from 3.6 per cent this year to 6.3 per cent next year.

“The earnings growth will be underpinned by the country's stronger economic performances cascading into corporate and consumer Malaysia,” the research house said in a note.

PublicInvest is positive on the local bourse for 2018, though not overly-enthusiastic as the FBM KLCI is cheap from a regional standpoint, at 15.6 times one-year forward price-to-earnings ratio compared to Thailand's 17.7 times, Malaysia’s most direct comparable.

PublicInvest said Malaysia’s economic conditions will continue to remain healthy with GDP growth to remain above five per cent, and with crude oil prices remaining strongly above USD50/barrel a boon to national coffers and investor sentiment.

“Run-up to forthcoming General Elections could provide a near-term trading-oriented lift,” it added.

On ringgit, PublicInvest said there is still some room to improve, albeit muted and not in the manner seen in 2017.

“In essence, conditions are Still Good Enough to warrant continued investments in the local bourse. Foreign investors may be less of a factor in the coming year, but that may be inconsequential given the ample domestic liquidity,” it said.

The country has emerged relatively unscathed from several debilitating headwinds, thanks to its resilient fundamentals, the research house said.

“Although the downside risks to growth are muted but we remain cautious as the external environment is still sensitive to variety of factors, amongst which are geopolitical negativities. Being an open economy, Malaysia will be at risk.”

On global economic outlook, PublicInvest sees efforts to ensure sustainable global growth and this will be the impetus that could lift growth higher this year.

The normalization of global capital flow suggests that global financial markets will continue to be up and running, emerging as the lynchpin of global growth, it added.

“A host of fiscal and monetary interventions by the advance and emerging economies will finally produce the expected results.”

PublicInvest remains “overweight” on the Oil and Gas and Construction sectors for the on-going positive news flows and probable earnings uplifts, and the broad-based Manufacturing sector for demand growth on account of strong global trade
https://www.nst.com.my/business/2017...-year#cxrecs_s
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Old December 20th, 2017, 04:02 PM   #3565
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Old December 21st, 2017, 05:25 PM   #3566
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Malaysia to introduce first Islamic Digital Framework
December 20, 2017 @ 5:51pm

Quote:
KUALA LUMPUR: Malaysia will be introducing its first Islamic Digital Economy (IDE) framework to claim the leadership role in the global halal marketplace.

Through the IDE, Malaysia Digital Economy Corporation (MDEC), Jabatan Kemajuan Islam Malaysia (JAKIM) and Hall Amanie Sdn Bhd will be collaborating to create a unique and competitive advantage to accelerate the growth of Malaysia’s digital economy.

The comprehensive and holistic IDE framework is expected to be ready by the first quarter of 2018 and will cover areas such as halal and syariah compliance, funding and financing, Islamic digital economy regulation as well as the halal and shariah business operation frameworks.

“Malaysia’s leadership in Islamic Finance and Halal sectors puts it in a favourable position to win the Islamic Digital marketplace.

“The development of a strong Islamic Digital Economy in Malaysia will create a unique and competitive advantage for the country to lead the regional and global Islamic digital marketplace,” MDEC Growth Ecosystem Development vice president Norhizam Kadir told reporters at the launch of the framework here yesterday.

Also present were JAKIM Halal Hub director Datuk Dr Sirajuddin and Hall Amanie Sdn Bhd Datuk Dr Mohd Daud Bakar.

The overall Islamic economy is expected to grow to USD 3.0 trillion by 2021.

Digital Economy continues to be a key driver of growth, contributing 18.2 per cent to Malaysia’s GDP in 2017 and is expected to exceed the projected target of 20 per cent by 2020.

Malaysia’s digital economy employment had grown 5 per cent to 167,044 jobs in 2016 and is expected to surpass the global average by 2025.

Norhizam said the framework would enable Malaysia’s Islamic digital economy to thrive under a more structured framework.

“Once launched, the framework will be able to guide start-ups and venture capital players in industries such as Islamic financing, tourism, pharmaceutical and others.

“Certification will also be included into the framework as it would be a much needed element to ensure shariah compliance and reliability on the Islamic pruducts and services.

“We will be engaging with relevant stakeholders such as Bank Negara Malaysia, Securities Commission and government agencies to propose on the Islamic Venture Capital,” he said.

Malaysia ranks first overall in the Global Islamic Economy Indicator Score and in Islamic Finance, ahead of the UAE and Bahrain, which looks at the current health and development of the Islamic Economy ecosystem.

BNM’s statistics showed total assets of Malaysia’s Islamic banking system (IBS) — comprising Islamic banks, IBS of commercial banks, and IBS of investment or merchant banks — as at June 2017, had risen to RM610.52 billion from RM584.45 billion in January 2017.

The Malaysian Islamic banking industry today accounts for a 28.8 per cent market share of the total banking system.

Islamic finance currently accounts for 34.2 per cent or RM578.4 billion of total bank financing, reflecting sustained demand for Shariah-compliant financial solutions, which continues on a double-digit year-on-year upward trend.
https://www.nst.com.my/business/2017...ital-framework
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Old December 21st, 2017, 05:56 PM   #3567
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Malaysia may become the second fastest growing economy in Asean next year: PublicInvest
By NST Business - December 15, 2017 @ 9:36am
Quote:
KUALA LUMPUR: Malaysia may become the second fastest growing economy in the region, behind only the Philippines, next year with a projected growth rate of 5.2 per cent, Public Investment Bank said.

As the global economic upswing that started in 2017 is expected to continue into 2018, PublicInvest said the local bourse stands to benefit with earnings growth expected to accelerate from 3.6 per cent this year to 6.3 per cent next year.

“The earnings growth will be underpinned by the country's stronger economic performances cascading into corporate and consumer Malaysia,” the research house said in a note.

PublicInvest is positive on the local bourse for 2018, though not overly-enthusiastic as the FBM KLCI is cheap from a regional standpoint, at 15.6 times one-year forward price-to-earnings ratio compared to Thailand's 17.7 times, Malaysia’s most direct comparable.

PublicInvest said Malaysia’s economic conditions will continue to remain healthy with GDP growth to remain above five per cent, and with crude oil prices remaining strongly above USD50/barrel a boon to national coffers and investor sentiment.

“Run-up to forthcoming General Elections could provide a near-term trading-oriented lift,” it added.

On ringgit, PublicInvest said there is still some room to improve, albeit muted and not in the manner seen in 2017.

“In essence, conditions are Still Good Enough to warrant continued investments in the local bourse. Foreign investors may be less of a factor in the coming year, but that may be inconsequential given the ample domestic liquidity,” it said.

The country has emerged relatively unscathed from several debilitating headwinds, thanks to its resilient fundamentals, the research house said.

“Although the downside risks to growth are muted but we remain cautious as the external environment is still sensitive to variety of factors, amongst which are geopolitical negativities. Being an open economy, Malaysia will be at risk.”

On global economic outlook, PublicInvest sees efforts to ensure sustainable global growth and this will be the impetus that could lift growth higher this year.

The normalization of global capital flow suggests that global financial markets will continue to be up and running, emerging as the lynchpin of global growth, it added.

“A host of fiscal and monetary interventions by the advance and emerging economies will finally produce the expected results.”

PublicInvest remains “overweight” on the Oil and Gas and Construction sectors for the on-going positive news flows and probable earnings uplifts, and the broad-based Manufacturing sector for demand growth on account of strong global trade.
https://www.nst.com.my/business/2017...sean-next-year
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Old December 21st, 2017, 05:58 PM   #3568
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Malaysia projected to grow at 5.8pc in 2017, strong 2018 ahead
By ZARINA ZAKARIAH - December 14, 2017 @ 10:48am



World Bank Group economist Dr Richard Record
Quote:
KUALA LUMPUR: Malaysia's economic growth accelerated in 2017 with year-on-year growth projected at 5.8 per cent, the highest annual growth rate since 2014.

The economy is also expected to remain strong in 2018, projected at 5.2 per cent, says World Bank through its latest Malaysia Economic Monitor report unveiled earlier today.

The estimate was based on accelerated growth fueled by strengthening domestic demand, improved labor market conditions, wage growth as well as improved external demand for manufactured products and commodity exports.

The report, titled "Turmoil to Transformation: 20 years after the Asian Financial Crisis", found that capital expenditure had also increased due to higher private and public investments.

Malaysia World Bank director Ulrich Zachau said Malaysia's progress over the last 20 years owes much to the sound policies being adopted during and since the Asian Financial Crisis.

"Continued sound macroeconomic management and further reforms to strengthen people's skills, competitiveness and equal opportunities will help secure gains from Malaysia's robust economic growth for all its people, especially low-income and lower-income families through access to more and better jobs," he said.

According to the report, Malaysia's stronger than expected growth create opportunities for deeper structural reforms that can lead to higher growth.

"These reforms include policies that enhance productivity and address constraints such as lack of competition in key markets and critical skills deficits.

"Such policies will enable access to more remunerative employment and real income gains for lower-income families," it stated.

The Malaysia Economic Monitor series provides an analytical perspective on the policy challenges facing Malaysia as it grows into a high-income economy.
https://www.nst.com.my/business/2017...ong-2018-ahead
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Old December 21st, 2017, 06:11 PM   #3569
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Malaysia and other 37 WTO members seek for a Ministerial Decision on Investment Facilitation for Development in WTO
By NST Business - December 12, 2017 @ 10:13am

Quote:
KUALA LUMPUR: Malaysia today joined 37 other WTO Members in calling for a structured discussion in the WTO on investment facilitation for development.

International Trade & Industry Ministry said the like-minded group sought for a Ministerial Decision on Investment Facilitation for Development that would initiate a structured discussion in the WTO to develop a multilateral framework on investment facilitation.

The objective of this framework is to enhance investment facilitation, similar to the Trade Facilitation Agreement adopted by WTO members in 2013, it said.

It is envisaged that the framework would contain a menu of best practices for facilitating cross border investment, it added.

MITI said the discussions in the WTO would clarify the relationship and interaction of existing WTO provisions with current investment commitments among Members, and take into account the investment facilitation work of other international organizations.

“It would not encroach into the sovereignty of members to pass investment laws and regulations.”

MITI said market access or investment liberalisation, investment protection and Investor-State Dispute Settlement would be excluded from the framework.

“The framework shall also be designed to be flexible, adaptable, and responsive to the evolving investment facilitation priorities of Members,” it said.

Malaysia has created an ecosystem to facilitate foreign direct investment and at the same time, is increasing investments abroad.

A framework in the WTO on investment facilitation would assist Malaysian companies investing abroad.
https://www.nst.com.my/business/2017...ion-investment
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Old December 21st, 2017, 06:13 PM   #3570
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EPF targets 32pc for overseas investments
By AYISY YUSOF - December 11, 2017 @ 10:45am



Employees Provident Fund deputy chief executive officer of investment Datuk Mohamad Nasir Ab Latif says diversification helped the pension fund to mitigate the impact of the stronger ringgit against the US dollar.
Quote:
KUALA LUMPUR: THE Employees Provident Fund (EPF) plans to increase its allocation for overseas investments by two per cent to 32 per cent by the end of 2019.

“Based on our strategic asset allocation (SAA) for this year to 2019, the optimal allocation for overseas investments is 32 per cent,” said its deputy chief executive officer of investment Datuk Mohamad Nasir Ab Latif.

“Therefore, we hope that we will be able to reach our target,” he told NST Business recently.

On EPF’s overseas investment, 17 per cent was in the United States, with the remaining in 39 other countries.

“The total investment in the US is equivalent to less than five per cent of EPF’s assets. Of the 30 per cent invested oversea, 71 per cent is in listed equities, 13 per cent in fixed income and 16 per cent in alternative investment,” said Nasir.

However, he said EPF’s new investments overseas were limited by the restrictions imposed on local institutions.

“As a pension fund, EPF focuses on getting overseas investments for long-term returns.

“The allocation of 32 per cent is optimal, considering the EPF’s investment asset size, the growth and opportunities available in the domestic capital market and the risk return profile of overseas assets.”

He said increasing the overseas exposure to the optimal 32 per cent, however, had proved to be a challenge due to regulatory constraints.

EPF’s third-quarter investment income ended September 30 rose 5.13 per cent to RM12.95 billion from RM12.32 billion in the same period a year ago.

Nasir said as at September, total investment value for local and overseas investments was RM540 billion and RM231 billion, respectively.

During the quarter, Nasir said EPF’s overseas investments contributed 48 per cent to the total investment income.

On whether the stronger ringgit would impact EPF’s foreign exchange gains, he said EPF had benefited from the rally in the overseas equity markets in the third quarter of this year.

“Diversification into different asset classes in various countries and currencies helped EPF to mitigate the impact of the ringgit’s strengthening against the US dollar,” he said.

Nasir said at the current valuation of ringgit, it was a good time for institutions such as the EPF to make new investments compared with the past two years when ringgit was weaker.

“It should be noted that the EPF is focused on long term and stable returns rather than short-term gains from its investments,” he added.
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Old January 3rd, 2018, 11:01 AM   #3571
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Malaysia's GDP to grow 5pc in 2018: OCBC
January 3, 2018 @ 11:47am


Quote:
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is estimated to moderate slightly to 5.0 per cent in 2018, with growth fundamentals appearing solid on the back of improving global fundamentals and higher oil prices.

According to the OCBC Bank 2018 Global Outlook report, the country’s economic growth would like stay supported by further traction seen in private consumption, investment spending and trade.

“The fiscal spending backdrop from the recent Budget should add to bolster both consumer and investor confidence this year,” it said.

It said the higher inflationary pressures could be a natural by-product when both demand-pull (driven by stronger domestic demand) and supply-push (higher oil and food prices) forces concurrently tune higher into the year.

“As such, further monitoring on how domestic prices may evolve into 2018 is warranted.

“In the same vein, with Bank Negara Malaysia commenting its flexibility – to adjust the degree of monetary policy accommodativeness,” it added. – Bernama
https://www.nst.com.my/business/2018...-5pc-2018-ocbc
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Old January 5th, 2018, 09:38 AM   #3572
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Malaysia's total trade rises to RM157.05b in Nov 2017
January 5, 2018 @ 11:28am
Quote:
KUALA LUMPUR: Malaysia’s total trade in November 2017 surged by 14.8 per cent to RM157.05 billion compared with the corresponding month of last year, said the Ministry of International Trade and Industry (MITI).

In a statement today, MITI said, the main contributor to the growth was trade with ASEAN, China, US, Hong Kong Special Administrative Region), South Korea, Japan, the European Union and Taiwan.

“During the period, exports increased by 14.4 per cent to RM83.5 billion, the highest monthly export value ever recorded after the RM82.62 billion registered in March 2017 while imports rose by 15.2 per cent to RM73.55 billion.

“Trade surplus amounted to RM9.95 billion, the 241st consecutive month of trade surplus since November 1997,” it said.

Meanwhile, on a month-on-month basis, it said, total trade, exports and imports rose by 1.9 per cent, 1.5 per cent and 2.4per cent respectively.

MITI said total trade for the first eleven months of 2017 amounted to RM1.622 trillion, a 20.8 per cent growth compared with the same period in 2016, with exports totalling RM856.05 billion, an increase of 20.4 per cent and imports at RM766.07 billion, a 21.2 per cent growth.

It said the trade surplus was recorded at RM89.98 billion, up 13.6 per cent compared to the corresponding period a year ago.

Exports of manufactured goods in November 2017 increased by 18.2 per cent or RM10.63 billion to RM68.98 billion, accounting for 82.6 per cent of Malaysia’s total exports, it said.

The increase was mainly on account of higher exports of electrical and electronic (E&E) products and chemicals and chemical products, collectively contributing 55 per cent to total manufactured exports, it said.

MITI said the export of mining goods was marginally lower by 0.9 per cent to RM7.04 billion, constituting 8.4 per cent of Malaysia’s total exports. It was mainly due to lower exports ofmetalliferous ores and metal scrap as well as crude petroleum.

It said exports of agricultural goods decreased by 2.5 per cent to RM6.73 billion, with a share of8.1 per cent of total exports due mainly to lower exports of palm oil by 2.1 per cent, on account oflower average unit value and volume.

Meanwhile, MITI said, trade with ASEAN grew by 21.9 per cent year-on-year (y-o-y) to RM44.22 billion in November 2017, accounting for 28.2per cent of Malaysia’s total trade.

It said exports increased by 18.3 per cent to RM24.72 billion with all main sectors posted double-digitgrowth. Strong export performance were seen for E&E products which increased by 30.3 per cent or RM1.96 billion.

Imports from ASEAN surged by 26.7 per cent to RM19.5 billion, it said.

The ministry said that trade with Free Trade Agreement partners in November 2017 rose by 15.9 per cent y-o-y to RM101.59 billion and accounted for 64.7 per cent of Malaysia’s total trade, with exports amounting to RM53.67 billion, up by 14.2 per cent, while imports grew by 18 per cent to RM47.92 billion. – Bernama
https://www.nst.com.my/business/2018...5705b-nov-2017
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Old January 5th, 2018, 09:39 AM   #3573
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Ringgit best performer at 3.991 on stronger oil prices
January 5, 2018 @ 1:49pm
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Asian currencies rallied on Friday as investors globally continued to show strong appetites for risk. The weak dollar contributed to gains.

The Philippine peso hit a near six-month high. Asian shares were near a record high, while the euro held firm and was close to a near three-year high against the dollar.

“The global reflation trade continued to power equities, commodities and currencies higher into the new year,” DBS said in a research note.

“The reflation story in Asia was best reflected by Southeast Asian currencies.

” The dollar fell against basket of currencies, failing to capitalise on better than expected jobs data from the United States. A weaker dollar prompts investors to seek higher yields in Asian markets and bodes well for their respective currencies. However, the greenback may witness a light rebound on stronger U.S. payroll data for December, due later in the global day.

Among Asian currencies, the Philippine peso rose as much as 0.2 percent to 49.705 against the dollar, its highest since June.

The Philippine annual inflation rate held steady in December, which might imply that a central rate hike may not be imminent. Some economists have said price pressures could prompt a hike this year. The peso was on track to end the week 0.4 percent higher.

The Chinese yuan, which declined the past two days, rose about 0.2 percent to a near four-month high against the dollar. The People’s Bank of China set the midpoint for the yuan at its highest level since May 2016. The yuan was also on track to end the week 0.4 percent higher.

The Malaysian ringgit was the best performer among Asian currencies on Friday, gaining about 0.3 percent to 3.991 against the dollar.

Bolstered by stronger oil prices, the ringgit breached the psychologically important 4.0 level for the first time since August 2016.

Malaysia’s exports for November grew more than expected, implying that one of Asia’s largest economies stood on stable footing. The ringgit was on track for its best week since September 2017. – Reuters
https://www.nst.com.my/business/2018...ger-oil-prices
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Old January 5th, 2018, 09:40 AM   #3574
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FBM KLCI breaches 1,800 level
By Bernama - January 4, 2018 @ 11:02am


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KUALA LUMPUR: The benchmark index, FTSE Bursa Malaysia KLCI (FBM KLCI), has breached the 1,800 level this morning, a level that was last seen in 2015.

The key index hit 1,800.04 at 9.07 am, up 7.55 points from yesterday’s close of 1792.79.

It moved to as high as 1,802.44 after 36 minutes into trading.

The FBM KLCI was traded at 1,809.72 in May 2015 before retreating to below 1,800 thereafter, dampened by the fall in global oil prices.

JF Apex Securities Head of Research, Lee Chung Cheng, said buying momentum in Bursa Malaysia was relatively strong, thanks to the sturdy foreign buying coupled with upbeat closing on the overnight Wall Street, which saw all the three main US indices notched all-time records.

“Based on last year’s performance, Bursa Malaysia was quite legging behind its peers in the region, including Thailand and the Philippines. So they have now returned for some follow-up buying in Malaysia’s market,” he told Bernama.

Lee said JF Apex has set a new resistance target of 1,830 for the FBM KLCI as it has successfully broke the research firm’s initial target of 1,800.

He said support level stood at 1,730.

Asked on which counters which would attract interests, Lee anticipated banking-related stocks on the back of prospect for higher overnight policy rate this year.

Among banks, Maybank rose three sen to RM9.81 as at 10.33 am, Public Bank gained four sen to RM20.80, AMMB Holdings added three sen to RM4.59, while both CIMB and Hong Leong

Bank were flat at RM6.53 and RM17.00 respectively.

He said government-linked counters would also be in the limelight ahead of the 14th General Election, which has saw several counters, including MyEG and Petronas stocks, posting gains recently.

Petronas Chemicals chalked up nine sen to RM8.04, Petronas Dagangan bagged 10 sen to RM24.60, and Petronas Gas perked four sen to RM17.98. - Bernama
https://www.nst.com.my/business/2018...hes-1800-level
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Old January 5th, 2018, 08:37 PM   #3575
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Old January 8th, 2018, 04:21 PM   #3576
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Malaysia's economic momentum to remain upbeat
By By AYISY YUSOF - January 8, 2018 @ 1:22pm
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KUALA LUMPUR: Malaysia’s economy will continue to perform strongly following solid trade numbers in November, AmBank Research said.

The firm said domestic economy is expected to grow around 5.5 per cent this year, supported by domestic activities and export.

“Both our exports and imports continued to perform favourably with November’s exports up for the 12th consecutive month at double digits by 20.4 per cent year-on-year while imports gained 21.2 per cent yoy, bringing the November’s trade balance at RM9.9 billion.

“We remain upbeat on the economic performance in part due to strong imports and capital (up 12.2 per cent yoy) and intermediate goods (+13.8 per cent yoy) which act as an injection to the overall economic activity. Besides, we foresee exports will continue to aid the overall economic activity,” AmBank Research said in a report today.

The firm said its preliminary estimates showed the fourth quarter 2017 gross domestic product (GDP) of around 6.0 per cent with its full-year forecast at 5.9 per cent.

It expects exports to grow by 21 per cent yoy.

AmBank Research said exports of electrical and electronics had continued to expand strongly by 21.0 per cent yoy in November from 16.9 per cent yoy in October.

“E&E segment is envisaged to perform robustly, benefitting from the cyclical growth underpinned by a healthy external demand.”

Exports were also being supported by chemical & chemical products (+20.2 per cent yoy), and manufacture of metals (20.8 per cent yoy) while petroleum products grew 1.2 per cent yoy.

Total export volume grew strongly by 9.7 per cent yoy in November.

On the ringgit performance this year, AmBank Research said the local note is projected at 4.00 to 4.02 against US dollar for the full-year average.

“We expect the US dollar/ringgit to remain on a strong note with our end-period projection at 3.95 which is our base case and best case is at 3.76,” it added.
https://www.nst.com.my/business/2018...-remain-upbeat
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Old January 8th, 2018, 04:22 PM   #3577
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Jan 8: Ringgit opens at 19-month high against US dollar
Quote:
KUALA LUMPUR: The ringgit continued its upward momentum to open at a 19-month high of 3.9880/9930 against the US dollar today.

The local note is being buoyed by Malaysia’s strong trade surplus and expectations of a hike in the Overnight Policy Rate (OPR) by Bank Negara Malaysia this year.

The ringgit, which last touched the 3.98 level on July 19, 2016, was up 70 basis points against last Friday’s close of 3.9950/9000.

Meanwhile, the local unit traded mostly higher against a basket of other major currencies.

It appreciated against the Singapore dollar to 3.0062/0102 from 3.0081/0123 on Friday, and rose against the yen to 3.5258/5311 from 3.5279/5333.
https://www.nst.com.my/business/2018...inst-us-dollar
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Old January 8th, 2018, 10:08 PM   #3578
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International investors fuel Bursa Malaysia last week with RM915.1m inflow
By NST Business - January 8, 2018 @ 10:20pm
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KUALA LUMPUR: International investors mopped up RM915.1 million net of local equities in the first week of 2018, the biggest weekly net inflow recorded since March 2017.

According to MIDF Research, foreign investors were net buyers on all four trading days last week, extending the buying binge to nine trading days from December 22, 2017 to January 5, 2018.

Foreign buying peaked on Thursday as foreign investors snapped up RM316.1 million net, a level not reached since April 28, 2017.

The heavy foreign buying on Thursday coincided with Bursa Malaysia closing above the 1,800 level for the first time in more than 2.5 years which was led by gains in Sime Darby Bhd that surged 11.2 per cent.

MIDF said bullish Brent crude oil price also played a part in sustaining the optimism on Bursa’s Thursday rally.

On Friday, the FBM KLCI continued its ascent to end the week at 1,818 points despite some tapering in foreign funds inflow to RM130.1 million net as risk-on sentiment was boosted by Malaysia’s exports which grew by 14.4 per cent year-on-year in November 2017, highest export value ever recorded for a particular month.

“As we look at the foreign participation, foreign investors appear really active as they have returned back from the year-end holiday.

“The foreign average daily trade value (ADTV) was up by a staggering 127 per cent at RM1.26 billion compared to RM556 million recorded in the final week of 2017.

“The retail market was also vibrant as the retail ADTV increased by 62 per cent from RM1.2 billion in the preceding week to RM1.9 billion last week,” it said.

MIDF said the top three highest net money inflow last week were registered by Sime Darby Bhd at RM5.67 million, CIMB Group Holdings Bhd at RM4.9 million and Sime Darby Plantation Bhd at RM3.37 million.
https://www.nst.com.my/business/2018...rm9151m-inflow
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Old January 11th, 2018, 07:40 PM   #3579
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New major investments in Malaysian Corridors

ECER
- Malaysia-China Kuantan Industrial Park (MCKIP)
- Kuantan Port Extension
- East Coast Rail Link (ECRL)
- RM400 million integrated floating solar farm in Tasik Danau Tok Uban, Pasir Mas
- Expansion of airport in Kota Bharu (Kelantan)
- New airport in Pulau Tioman (Pahang)
- CSR

NCER
- Batu Kawan Industrial Park
- New CIQ/Duty Free Zone Bukit Kayu Hitam (Malaysia-Thailand)
- Upgrade Pulau Pinang International Airport (Penang)
- Upgrade Langkawi International Airport (Kedah)
- Perlis Inland Port
- The Chuping Valley Industrial Area (CVIA)

SCORE
- Pan Borneo Highway
- Mukah airport

SDC
- Pan Borneo Highway
- RM1.027 billion Upgrade Sepangar Port
- RM2.8 billion Kaiduan Dam
- RM1.6b Tenom dam
- RM6 billion Clean Fuel Refinery Complex in Tawau
- RM470 Tawau Dam
- Sandakan airport expansion

Iskandar Malaysia
- HSR
- RTS
- BRT
- PTP Extension
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Last edited by nazrey; January 12th, 2018 at 06:05 PM.
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Old January 12th, 2018, 05:25 PM   #3580
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MITI hopes to announce national industry 4.0 policy framework soon
January 11, 2018, Thursday


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RAWANG: The Ministry of International Trade and Industry (MITI) hopes to announce the National Industry 4.0 policy framework before mid-year, said Deputy Minister Datuk Chua Tee Yong.

He said the framework, currently at the last stage of drafting, would be announced by the MITI Minister, Datuk Seri Mustapa Mohamed.

“It’s in the progress. We try to avoid the framework form being just a government-driven agenda, so there is a lot of engagement being done with the industry players, including the small and medium enterprises.

“The input process took a while for us (MITI) to formulate. We are hopefully try to hit before middle of this year,” he told reporters after visiting Saiyakaya (M) Sdn Bhd’s factory yesterday.

To recap, Mustapa said, the ministry was coordinating five working groups, involving various ministries, in drafting the National Industry 4.0 policy framework.

The ministries are the Ministry of Science, Technology and Innovation, Ministry of Human Resources, Ministry of Higher Education, Ministry of Finance and the Ministry of Communications and Multimedia.

“After the framework is tabled in Parliament, the government will decide which ministry will drive the implementation of the National Industry 4.0,” he said.

On trade performance, Chua said, the 2018 would register a positive growth but not as strong as 2017.

He said the excellent 2017 results, which saw the export figures registering a consistent double-digit growth, created a higher base for this year.

“Nevertheless, with the initiatives that the government is looking at (on enhancing trade) will play a role in assisting Malaysia (to continue post growth).

“We believe that to hit a (month-on-month) double-digit growth will be challenging. It will be single-digit growth,” he added.

In November 2017, Malaysia’s total trade surged by 14.8 per cent to RM157.05 billion compared with the corresponding month of last year.

During the period, exports rose by 14.4 per cent to RM83.5 billion, the highest monthly export value ever recorded after the RM82.62 billion registered in March 2017 while imports surged by 15.2 per cent to RM73.55 billion.

Trade surplus amounted to RM9.95 billion, the 241st consecutive month of trade surplus since November 1997.

On monthly basis, total trade, exports and imports rose by 1.9 per cent, 1.5 per cent and 2.4per cent respectively.

For the first eleven months of 2017, the total trade grew by 20.8 per cent year-on-year to RM1.622 trillion, with exports totalling RM856.05 billion (up 20.4 per cent) and imports at RM766.07 billion (up 21.2 per cent).

Trade surplus was recorded at RM89.98 billion, higher by 13.6 per cent compared to the corresponding period a year ago. — Bernama
http://www.theborneopost.com/2018/01...ramework-soon/
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