• Economy, Featured and Exclusive  |  SEPTEMBER 1, 2015 1:04PM

    M’sia’s manufacturing PMI drops to nearly 3-year low

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    The headline Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI) has deteriorated to 47.2 in August 2015 from 47.7 in July 2015. The index is an indicator of manufacturing performance whereby any figure greater than 50.0 indicates overall improvement of sector operating conditions. The …

  • Economy, Featured and Exclusive  |  AUGUST 31, 2015 2:30PM

    Indonesia favours China over Japan in railway bid

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    Indonesia is leaning towards China over Japan in an aggressive bidding battle to build the Southeast Asian nation’s first high-speed railway, two government sources involved in making the decision said. The two Asian giants have both sent envoys to lobby …

  • Economy, Featured and Exclusive, Markets  |  AUGUST 28, 2015 4:43PM

    ‘Pressure on ringgit to persist, inflation beckons’

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    The continual weakness in the ringgit will begin to exert pressure within the domestic economy, while an intense increase in inflation is just one issue to be expected in the near future, says ForexTime chief market analyst Jameel Ahmad. “There …

  • Economy  |  AUGUST 28, 2015 3:49PM

    Jokowi (sort of) launches mega power plant project

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    Indonesian President Joko “Jokowi” Widodo declares with great fanfare that construction of a mega power plant is now set to start after years of delay. He says that the government is starting to resolve its infrastructure failings. A group of …

  • Economy, World Biz  |  AUGUST 28, 2015 3:46PM

    The secret behind India’s world-beating economic growth

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    To understand how India became the world’s fastest-growing major economy, investors should look at smaller unlisted companies like Samta Khanna’s VNS Accessories Pvt. Khanna estimates that revenues from her 125-employee handbag business increased 25% in the year through March even …

  • Economy  |  AUGUST 28, 2015 1:49PM

    July domestic producer price index rises 0.1%

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    Malaysia’s domestic producer price index (PPI) for July 2015 rose 0.1% to 103.4, the Statistics Department says. This was due to a decrease in the local production index, but it recorded an increase in the import price index of 0.4%. A year-on-year …

  • Economy, Featured and Exclusive  |  AUGUST 28, 2015 1:40PM

    Citi: China will respond too late to avoid recession

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    China is sliding into recession and the leadership will not act quickly enough to avoid a major slowdown by implementing large-scale fiscal policies to stimulate demand, Citigroup Inc’s top economist Willem Buiter says. The only thing to stop a Chinese recession, …

  • Corporate, Economy  |  AUGUST 28, 2015 12:59PM

    FDI in M’sia for 2Q15 increases to RM477.4 bil

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    Foreign Direct Investments (FDI) in Malaysia in the second quarter of the year rose to RM477.4 billion from RM475.7 billion in the first. The manufacturing sector remained the highest direct investment recipient at 44.1%, followed by financial & insurance and information & communication. The …

  • Economy  |  AUGUST 28, 2015 12:24PM

    Moody’s revises downwards 2016 global forecast

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    Moody’s Investors Service has revised downward, its 2016 global economic forecast, with the gross domestic product (GDP) growth in G20 economies to average 2.8%, 0.3% lower than envisaged previously. “In most cases our downward revisions are focused on the 2016 forecast, while in …

  • Economy, Featured and Exclusive  |  AUGUST 27, 2015 9:03PM

    US’ 2Q GDP grows 3.7%, higher than expected

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    The US economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve (Fed) to hike interest rates this year. Gross domestic product (GDP) expanded at …