My Sinchew/ Biz

China trims GDP target, citing severe challenges

Chinese Premier Li Keqiang warned Sunday the world's second-largest economy faces severe challenges, signalling a further deceleration as he announced a trimmed 2017 GDP growth target of "around 6.5 percent."


January CPI up 3.2%

The Consumer Price Index (CPI), a measure of inflation, rose 3.2 per cent to 118.2 for January 2017 compared to 114.5 registered in the same month last year, said the Department of Statistics Malaysia.


China's huge debt poses big headache for central bank

Chinese banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to stimulate the economy with easy credit.


Malaysian economy expanded 4.2% in 2016

Malaysian economy expanded 4.5% in the last quarter of 2016, leading to a full-year growth of 4.2%, lower than the 5% and 6% recorded in 2015 and 2014.


Malaysia fourth in gender equality in entrepreneurship: Yap

Malaysia is one of the four countries in the world in gender equality in terms of the number of female entrepreneurs, behind only Brazil, Mexico and Indonesia.


GDP to grow 4.2% this year: OCBC

Aided by improved exports, recovering commodity prices and robust domestic consumption, Malaysia's economy is anticipated to grow 4.2% this year.


Slower household debt accumulation positive for economy: Moody's

Household loan statistics which point to a slower pace of household debt accumulation is positive for the Malaysian economy, as it also shows an improvement in the quality of household lending, says Moody's Investors Service.


China trade cost 3.4 million US jobs in 2001-2015: report

A yawning trade deficit with China cost 3.4 million US jobs between 2001 and 2015, according to a report published Tuesday which coincided with abrupt White House efforts to retool trade policy.


Dow ends above 20,000, extending election rally

The Dow finished above 20,000 points for the first time Wednesday, after breaching the milestone at the open, extending a stocks rally following US President Donald Trump's election, which sparked hopes of pro-growth policies.


RCEP will be next trading platform

The Regional Comprehensive Economic Partnership (RCEP) is going to be the next trading platform for Malaysia and the other nine Asean countries, opening new markets for over three billion people, said Malaysia External Trade Development Corp (Matrade).


 

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