News List

RAM Ratings revises headline inflation projection to 0.0 pct in 2020

KUALA LUMPUR, April 20  -- RAM Ratings has revised its headline inflation projection for 2020, to 0.0 per cent from 0.7 per cent, mainly due to weak global oil prices, generous discounts for household electricity bills and subdued demand. 

Oil prices to remain depressed on COVID-19, stay below US$40 a barrel

By Mohd Iswandi Kasan Anuar

KUALA LUMPUR, April 19 -- Market participants are doubtful that a historic one-year oil production cut pledged by major producers recently would solve the oversupply problem.

T'ganu hopes reduction in petroleum cash payments will be reconsidered

KUALA TERENGGANU, April 17  -- The Terengganu government is hoping that the 25 per cent reduction in the petroleum cash payments as settlements for its debts to the federal government will be reconsidered.

Malaysia's capital market expected to remain resilient and orderly

KUALA LUMPUR, April 16  -- The domestic capital market is expected to remain resilient and orderly, underpinned by Malaysia’s strong macroeconomic fundamentals, ample domestic liquidity, and supportive capital market infrastructure.

Serba Dinamik bags RM7.71 bln construction job in Abu Dhabi

KUALA LUMPUR, April 15 -- Serba Dinamik International Ltd (SDIL), a wholly-owned unit of Serba Dinamik Holdings Bhd, has bagged a RM7.71 billion construction contract in Abu Dhabi.

Energy consumption reeling from COVID-19, MCO

By Siti Radziah Hamzah

KUALA LUMPUR, April 15 -- The fallout from COVID-19 has resulted in a significant impact on various sectors across the board, especially energy consumption, as the economy is operating at only about 45 per cent capacity amid the Movement Control Order (MCO) that grips the country.

Broadband capacity enhancement, network optimisation underway - Says Saifuddin

KUALA LUMPUR, April 14 -- The Ministry of Communications and Multimedia, through the Malaysian Communications and Multimedia Commission (MCMC), is in the midst of strengthening broadband performance to keep up with the high demand.

Malaysia proposes post-COVID19 ASEAN economic recovery plan

KUALA LUMPUR, April 14 -- Malaysia has proposed that ASEAN formulate an economic recovery plan post-COVID-19 that focuses not only on the financial aspects but also on social safety nets, food security and education.

Solarvest enters Philippines with 2 new solar projects

KUALA LUMPUR, April 14 — Solar photovoltaic (PV) system specialist Solarvest Holdings Bhd has secured two new contracts in the Philippines from Vivant Energy Corporation.

OPEC+ output cut may minimise Ringgit volatility, says Kenanga

KUALA LUMPUR, April 13  -- The ringgit is set to endure another week of market volatility, as the market views the Organisation of the Petroleum Exporting Countries + (OPEC+) deal to cut production by about 10 million barrels per day in May and June as being insufficient amid low global demand, Kenanga Research said.