Malaysia Morning News For January 29

Malaysia’s Sime Darby mulling sale of stake in $1.7b Papua New Guinea arm Sime Darby Plantation Bhd., Malaysia’s biggest listed palm oil producer, is exploring a sale of a minority stake in its Papua New […]

Malaysia’s Sime Darby mulling sale of stake in $1.7b Papua New Guinea arm Sime Darby Plantation Bhd., Malaysia’s biggest listed palm oil producer, is exploring a sale of a minority stake in its Papua New […]

Malaysia’s central bank taps the brakes, raises key rate Malaysia’s central bank on Thursday became the first in Southeast Asia to raise a key interest rate in years, moving to tap the brakes and “normalize” […]

Inflation up 3.5% on higher fuel costs Malaysia’s inflation rate rose 3.5% in December 2017 in line with expectations, as transport costs climbed on higher fuel prices but for 2018, analysts are expecting the impact […]

Invest Malaysia 2018 – selling the story of economic resilience and strong fundamentals Invest Malaysia 2018, which broke the norm and kick started the year rather than being the usual June affair, is expected to […]

Malaysia ready to take on gold industry Malaysia is now poised to take on the world in the gold industry. — New Straits Times Thai SCG Packaging acquires majority stake in Malaysian firm for $26.5m […]

Malaysia’s 2017 timber exports to surpass RM23b Malaysia’s timber exports for 2017 is likely to surpass RM23 billion as global demand remain stable. — New Straits Times Palm prices to trade at RM2,500-RM2,700 a tonne […]

Malaysia vows necessary actions to safeguard palm oil sector Malaysia will take necessary actions to secure the future of palm oil sector, the plantation industries and commodities minister said Thursday after the European Union’s parliament […]

Malaysian infra firms to maintain stronger credit profiles, says S&P S&P Global Ratings expects infrastructure majors in Singapore, Malaysia, Thailand and the Philippines to be on stronger footing versus their peers in India and Indonesia. […]

Telekom inks MoU with TNB to deliver Nationwide Fiberisation Plan Telekom Malaysia Bhd and Tenaga Nasional Bhd (TNB) have teamed up to develop a plan to expand the availability of high speed internet access in […]

Mahathir struggles to unite Malaysia’s opposition He remains Malaysia’s longest-ruling prime minister and was one of 20th Century Asia’s most outspoken political leaders. Now Mahathir Mohamad cannot even meet opposition leader Anwar Ibrahim, a former […]

Ringgit strengthens further against US dollar The ringgit continued its strong upward momentum to end higher against the US dollar, supported by better-than-expected manufacturing data and strong crude oil prices amid a softer US dollar. […]

Malaysia’s CIMB to Divest Stakes in Two Asset-Management Companies CIMB Group Holdings Bhd. (1023.KU), Malaysia’s second-largest bank by assets, said Thursday it had signed agreements to divest stakes in two of its asset-management companies to […]