Long-term cost of trade fragmentation could be seven pct of global GDP — IMF MD
WASHINGTON, March 30 — The long-term cost of trade fragmentation could reach up to seven per cent of global GDP, International Monetary Fund (IMF) Managing...
Ringgit opens slightly lower vs US dollar
KUALA LUMPUR, March 27 — The ringgit was traded slightly lower against the US dollar in the early session today due to escalating market uncertainties,...
IMF says risks to financial stability have increased, calls for vigilance
BEIJING, March 26 — International Monetary Fund (IMF) chief Kristalina Georgieva said on Sunday that risks to financial stability have increased and called for continued...
BNM’s international reserves at US$114 bln as of March 15, 2023
KUALA LUMPUR, March 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$114.0 billion (RM509.5 billion) as of March 15, 2023, and the reserves...
Malaysia attracts RM264.6 bln approved investments in 2022, second largest ever recorded
KUALA LUMPUR, March 8 — Malaysia’s approved investments amounted to RM264.6 billion in 2022, with the services sector accounting for the largest share of the...
Asia’s factory activity contracts despite China’s Covid reopening
TOKYO, Feb 1 — Asia’s factory activity contracted in January as the boost from China’s Covid reopening had yet to offset headwinds from slowing United...
IMF: Britain set to be worst-performing major economy this year
LONDON, Jan 31 — Britain’s economy will slam into reverse this year as the cost-of-living crisis hits households hard and will see the worst performance...
For Asean countries, IMF sees slower global growth outweighing China reopening
SINGAPORE, Jan 31 — International Monetary Fund economists said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth...
IMF managing director forecasts ‘tough winter’ for EU
WASHINGTON, Jan 2 — Managing director of the International Monetary Fund (IMF) Kristalina Georgieva warns that Europe faces a “tough winter” and likely more serious...
Malaysian economy to moderate in 2023 amid global economic instability — DOSM
KUALA LUMPUR, Dec 29 — The Malaysian economy is anticipated to start moderating due to the effects of global economic instability in the months ahead...
BNM’s international reserves widen to US$110.3 bln as of Dec 15
KUALA LUMPUR, Dec 22 — Bank Negara Malaysia’s (BNM) international reserves widened to US$110.3 billion (RM488.6 billion) as of December 15, 2022, from US$109.7 billion...
FMM warns manufacturers may face downturn in first quarter of next year
KUALA LUMPUR, Dec 1 — The manufacturing sector may face a downturn in the first quarter of next year (Q1 2023) due to global uncertainties,...