News
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Global trade outlook still faces headwinds
THE year 2021 was an exceptional year for the global trade market after overcoming the Covid-19 pandemic. Read full story
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ECB’s Visco says July ‘perhaps’ right time for first interest rate hike
THE European Central Bank (ECB) might be ready to increase interest rates for the first time in more than a decade in July, says Governing Council member Ignazio Visco. Read full story
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Industrial segment in bright spot
Growth in volume and value likely to sustain on rise in eCommerce Read full story
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China banks cut key rate by record to boost ailing economy
CHINESE banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns. Read full story
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Glopec inks deals to promote Sabah products in Europe
PETALING JAYA: In the quest to spur new export opportunities for Sabah small and medium enterprise (SME) products in the international market, Global Entrepreneur One Stop Centre (Glopec) recently signed memorandums of understanding (MoUs) to form collaborations with several strategic partners for the United Kingdom and other European markets. Read full story
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OCBC Bank SME customers prefer digital banking solutions
PETALING JAYA: Since its launch in July last year, OCBC Bank (M) Bhd’s fully remote digital current account for small and medium enterprises (SMEs) has outpaced in-branch account openings more than twice over. Read full story
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Orient to deepen its presence in health food
Industry is moving towards a niche market Read full story
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Office space demand
It is a matter of time before landlords of prime office space across the Asia-Pacific region raise their rents as demand returns with the increased economic activity. Read full story
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CPO futures on cautious tone next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to be on cautious trading next week as Indonesia plans to lift its export ban on palm oil from May 23, said a dealer. Read full story
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Ringgit seen trading range-bound at RM4.38-RM4.40 against US dollar next week
KUALA LUMPUR: The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar next week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst. Read full story
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