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Ringgit movement to track external developments: WB

The ringgit's movement will likely be driven by external developments and global perspectives, says the World Bank.


FGV not taking company private

Felda Global Ventures Holdings Bhd's (FGV) board of directors today clarified that there has been no discussions on taking the company private.


GDP to improve to 4.5% this year: RAM

KUALA LUMPUR, Jan 10 (Bernama) -- Malaysia's gross domestic product (GDP) is expected to improve to 4.5 per cent this year from the estimated 4.2 per cent in 2016, said RAM Rating Services Bhd.

Its Economist, Kristina Fong, said for the past couple of years, the Malaysian economy has gone through a lot of downside risks and challenges.

She said RAM saw some prospects of stabilisation on the macro indicators for this year.

"For example, a couple of years ago we saw private consumption weakening with the implementation of the goods and services tax but tapered off after some time.


BNM's international reserves at US$94.6bn as at end 2016

Bank Negara Malaysia's (BNM) international reserves amounted to US$94.6 billion (equivalent to RM424.2 billion) as at Dec 30, 2016 compared with US$95.3 billion (RM409.1 billion) as at end-2015.


Ringgit to rebound to a fair value in Q3: deputy minister

Deputy Finance Minister I Datuk Othman Aziz today agreed with bankers' forecast that the ringgit will rebound to a fair value of 4.1 against the US dollar in the third quarter of the year.


Eurozone economy hits near 6-year high

Eurozone business activity hit its highest rate since May 2011 in December but the outlook remains hostage to political developments, a closely watched survey showed Wednesday.


RAM Ratings reaffirms Media Chinese's AA1 rating

RAM Ratings has reaffirmed the AA1/Stable rating of Media Chinese International Limited's RM500 million MTN Programme (2014/2029) on expectation the Group will maintain its robust financial profile.


Malaysian economy resilient to external headwinds: WB

The Malaysian economy remains resilient to external headwinds given its solid microeconomic management, says the World Bank in its latest edition of the 'Malaysia Economic Monitor'.


Positive construction sector despite global uncertainty

Despite global economic uncertainties, the construction industry showed remarkable performance in 2016, led by the infrastructure category which topped the list of projects registered with the Construction Industry Development Board (CIDB).


Ringgit will bounce back: Treasury

The ringgit, which has weakened along with other emerging market currencies against the US dollar, has all the strength to bounce back, said Second Finance Minister Datuk Johari Abdul Ghani.


 

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