My Sinchew/ Biz

Ringgit on its way to more reasonable levels

The ringgit must be back to more reasonable levels to reflect the country's economic fundamentals.


Govt debt level not critical: Najib

Najib says debt is at 50.9% of GDP, lower than the 55% set by govt and far better than developed countries like Singapore (112%), UK (89.3%) and Canada (92.3%).


Oil prices likely to fetch US$70 per barrel this year

With oil prices already hovering between US$55 and US$60 per barrel at present, OCBC Bank expects prices to head marginally higher to at most US$70 per barrel in 2018 against a backdrop of a strong global demand and tame supply story.


Malaysia's GDP to grow 5% next year: ICAEW

Malaysia's gross domestic product (GDP) growth is expected to remain strong at five per cent in 2018 compared with 5.9 per cent estimated this year, given moderating export growth and tighter credit conditions, said the Institute of Chartered Accountants in England and Wales (ICAEW).


Boom or bust?

The question is not whether the economy is good or bad, but with what attitude we see our economy


Malaysia towards cashless society: BNM

To embrace the digital economy, Bank Negara Malaysia (BNM) has taken various steps to enhance the e-payment platform, hence moving the country towards a cashless society.


Wealth inequality a threat to East Asia

A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region's economic success, the World Bank said Monday.


Property and oil prices

The government must monitor the real estate market to make sure the demand-supply equation will not become off balance and that houses are within public affordability.


Supply imbalance

As luxury condominiums and office spaces are in a glut, there is an obvious short supply of affordable homes for average Malaysians.


Q3 external debt edges lower to RM873.8bn

The country's external debt edged lower to RM873.8bn (US$204.7bn) or 65% GDP as at end-September, from RM877.5bn as at end-June.


 

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