KUALA LUMPUR: The selling of Malaysian stocks by offshore funds slowed signifantly in the past week to RM330.5mil net from a whopping RM1.97bil in the previous week, said MIDF Research in its weekly fund flow report. There was foreign selling on every day of the week except for Friday, which registered a marked drop in trading...
KUALA LUMPUR: Malaysia is expected to maintain its economic growth forecast of 4.8% this year, mainly driven by consumer spending, according to Standard Chartered Bank Malaysia Bhd (StanChart). "We see consumer spending moderating as labour-market conditions soften but expect it to remain the primary driver," said StanChart economist Jonathan Koh and chief economist Edward Lee in...
KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) expects approved investments to record stronger growth in the second half of 2023 (2H2023), on track to hit its annual target, after achieving RM132.6bil worth of approved investments in the first half of 2023 (1H2023). "I am pleased with our achievement in 1H2023, securing RM132.6bil, representing 60.3%...
