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Latest Credit, Finance & Industry News
GDP growth slows to 5.4% [18-05-2018]
Malaysia’s economy has moderated to its slowest pace in four quarters, as private investment decelerates while public spending continues to decline. Data from Bank Negara showed the country’s gross domestic product (GDP) growth had slowed to 5.4% in the first quarter of 2018 >>>>>[Read More]

Economy grew at slower pace of 5.4% in Q1 of 2018 [17-05-2018]
Malaysia's economy expanded at a slower pace of 5.4% in the first quarter of 2018 underpinned by continued expansion in private sector activity and strong support from net exports. Bank Negara Malaysia said on Thursday that from the supply side, all economic sectors expanded. However, th>>>>>[Read More]

BNM expects economy to remain strong post-election environment [14-05-2018]
Bank Negara Malaysia (BNM) expects Malaysia's economic outlook to remain strong despite the post-14th general election environment, given its resilient and robust financial system. Governor Tan Sri Muhammad Ibrahim said the ringgit would reflect Malaysia's strong economic fundamentals in the medium and long-term.>>>>>[Read More]

Median salary for employees in Malaysia increased by 7.7% in 2017 [08-05-2018]
The value of median monthly salaries and wages received by employees rose 7.7% per annum to RM2,160 last year, from RM2,000 in 2016. This is according to the Salaries & Wages Survey conducted by the Department of Statistics, Malaysia (DOSM). Median monthly salaries & >>>>>[Read More]

Moody's raises 2018 growth forecast for Malaysia to 5.4% [07-05-2018]
Moody’s Investors Service has raised its growth forecast for Malaysia’s gross domestic product (GDP) to 5.4% in 2018 —  higher than the median of 3.5% for A-rated sovereigns — from its earlier forecast of 5.2% in February. Growth should remain underpinned by a pipeline of large infrast>>>>>[Read More]

Houses priced RM300,000 and above cannot be termed 'affordable', says Bank Negara [07-05-2018]
Bank Negara Malaysia (BNM) said property priced RM300,000 and above should not be called “affordable housing” considering the median monthly household income of merely RM5,228 in 2016. The central bank was responding to the Real Estate and Housing Developers’ Association’s (Rehda) statement >>>>>[Read More]

Govt launches unsold property enquiry system [04-05-2018]
The National Property Information Centre (Napic) has launched an Unsold Property Enquiry System Malaysia (UPESM) to provide information to market players like developers, local authorities, buyers and other interested parties. Napic director Md Badrul Hisham Awang said on Thursday t>>>>>[Read More]

Malaysia banks on track for 5% loans growth [04-05-2018]
With year-to-date (YTD) loans growth of 1.2%, implying annualised growth of 4.9%, Nomura Group Global Equity Research said its 5% forecast for 2018 is increasingly achievable. The loans growth target is faster than 2017’s 4.1%. In a report on Malaysia banks yesterday, Nomura said with loans demand lik>>>>>[Read More]

March exports climb to RM84.5b, exceed forecast [04-05-2018]
Malaysia exports rose 2.2% to RM84.5bil in March, exceeding Bloomberg's survey of a 2% increase, underpinned by higher exports of electrical and electronic (E&E) products and crude petroleum. The Statistics Department reported on Friday that E&E products, which accounted for 37.>>>>>[Read More]

Unsold properties due to mismatch in pricing, location [04-05-2018]
The excess of unsold residential units in the country is believed to be due to mismatch in pricing, less attractive locations and unmatched product offerings. CBRE WTW managing director Foo Gee Jen said almost 73.3 per cent or 36,314 units from the overall 49,542 units that were completed in 2017 were priced at R>>>>>[Read More]

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