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China outbreak to hit regional property markets

China outbreak to hit regional property markets

MALAYSIA’S property market, which has been in part supported by the easy and cheap money from the global quantitative easing (QE), could be in for a tough first half of the year as the global economy slows, and investors shy away from the market due to the coronavirus outbreak. The move by companies like Paramount...

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Possible OPR cut in 1H20 as GDP growth slows

Possible OPR cut in 1H20 as GDP growth slows

BANK Negara Malaysia’s (BNM) focus on sustaining economic growth momentum could lead it to cut the Overnight Policy Rate (OPR) by at least 25 basis points (bps) in the first half of the year (1H20), should the economy show signs of slowing amid trade and geopolitical factors, economists said. The central bank last lowered the...

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MARC: Malaysia’s 2020 GDP growth to drop to 4.3%

MARC: Malaysia’s 2020 GDP growth to drop to 4.3%

MALAYSIAN Rating Corp Bhd (MARC) expects the country’s real GDP growth to decelerate to 4.3% in 2020 due to weaker external trade performance and softer domestic demand growth. MARC said in a statement yesterday that although trade diversion arising from trade tensions between the US and China could marginally benefit Malaysia in the short term,...

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Govt optimistic of achieving 4.8% GDP growth in 2020

Govt optimistic of achieving 4.8% GDP growth in 2020

KUALA LUMPUR (Dec 26): The Finance Ministry (MoF) is optimistic that the government will achieve the gross domestic product (GDP) growth target of 4.8% for 2020 despite the challenging global economic environment. Deputy Finance Minister Datuk Amiruddin Hamzah said the United States (US)-China trade war, the unrest in Hong Kong and Brexit had lowered investors’...

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Major inflation likely next year, says MIDF

Major inflation likely next year, says MIDF

MALAYSIA’S economic growth is expected to fall to 4.5% in 2020 partly due to an expected surge in inflation to 2.4% in 2020, said MIDF Investment Bank Bhd (MIDF Research). Higher inflation will cause economic moderation for Malaysia next year as it will affect domestic demand, MIDF Research economist Muhammad Zafri Zulkeffeli said. The targeted...

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What 5G means to you and your home

What 5G means to you and your home

What’s all this hype over 5G, or fifth generation mobile network technology, to be exact? For one, the speed of wireless networks will be greatly increased, thus reducing latency or slow response. The federal government in tabling Budget 2020 in Parliament on Oct 11 stated that a 5G Ecosystem Development Grant worth RM50 million will...

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Consumer spending to remain cautious in 2020

Consumer spending to remain cautious in 2020

AS THE current economic situation continues to be uncertain, a study done by PHD Malaysia and Vase.ai revealed that consumers are not so optimistic when it comes to their personal finances for next year. The study pointed out that while consumers are relatively positive towards next year’s economy, 57% of the consumers expressed some reservation...

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YTL builds one of world’s largest indoor entertainment arena

YTL builds one of world’s largest indoor entertainment arena

YTL Developments UK will build one of the world’s largest indoor entertainment arena in Bristol, United Kingdom (UK), targeted to be ready by 2023. The arena would generate £1.5 billion into the local economy over a 25-year period, said the company’s director Datuk Yeoh Seok Hong. Hong said that the planning application has been submitted...

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World Bank revises Malaysia’s 2020 GDP forecast to 4.5%

World Bank revises Malaysia’s 2020 GDP forecast to 4.5%

THE World Bank Group has revised downwards its 2020 GDP growth forecast for Malaysia to 4.5% from 4.6% projected in October. Lead economist Dr Richard Record said the slight reduction is due to weaker than anticipated investment and export growth in the third quarter of 2019 (3Q19). “The country’s economic activity is projected to grow...

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