BENGALURU, May 6 — Bank Negara Malaysia (BNM) will hold its key interest rate steady on Thursday but is expected to lower it by 25 basis points in the last three months of the year to support slowing economic growth amid growing trade tensions, a Reuters poll suggested.
TOKYO, March 11 — Japan's real gross domestic product (GDP) grew by an annualised 2.2 per cent in the fourth quarter last year, marking a downward revision from the preliminary estimate of 2.8 per cent, data released by the Cabinet Office showed today, reported Xinhua.
SINGAPORE, Feb 28 — Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) said it expected interest rates to trend downwards, likely from second half of 2024, after posting a 12 per cent jump in fourth-quarter net profit that missed expectations.
JAKARTA, Feb 7 — Indonesia's economic growth accelerated in the final quarter of last year following the easing of anti-virus mobility restrictions and record-high exports, which were driven by stronger commodity prices.
KUALA LUMPUR, Feb 11 — The gross domestic product (GDP) contraction in the fourth quarter of 2020 (Q4 2020) is within expectations given the extension of the conditional movement control order (CMCO) which had limited the economic activities during the period.
KUALA LUMPUR, Feb 11 — Malaysia’s economy contracted 3.4 per cent in the fourth quarter of 2020 (4Q20) with the resurgence in Covid-19 infections, bringing the year’s full reading, which was marked by lockdowns and border closures globally, to -5.6 per cent.
KUALA LUMPUR, Feb 8 — Malaysia’s unemployment rate increased to 4.5 per cent in 2020, the highest rate since 1993 when the unemployment rate was recorded at 4.1 per cent, the Department of Statistics Malaysia (DoSM) said.
KUALA LUMPUR, Sept 26 — Gamuda Bhd swung to a net loss of RM17.34 million for the fourth quarter (Q4) ended July 31, 2020, from a net profit of RM179.02 million a year earlier due mainly to a one-off impairment of RM148 million on industrialised building system (IBS) assets.
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