Daily Commentary – Fewer property launches amid bleak household sentiment

There will be fewer new property launches this year in light of the softening market and bleak household sentiment. According to the National Property Information Centre’s (Napic) 2015 Property Market Report, the number of new launches fell to 70,273 units, down by 19.2% against 2014 (88,997 units). However… Continue reading Daily Commentary – Fewer property launches amid bleak household sentiment

Daily Commentary – China economy posts weakest growth since 2009 but recovery signs emerge

China’s economy grew at its slowest pace in seven years in the first quarter, however, indicators from the country’s consumer, investment and factory sectors point to nascent signs the slowdown in the world’s second largest economy may be … Continue reading Daily Commentary – China economy posts weakest growth since 2009 but recovery signs emerge

Daily Commentary – Petronas Chemicals scraps US$1.3b elastomers project in Rapid

Petronas Chemicals Group Bhd has scrapped the US$1.3bil (RM5.1bil) elastomers project, which is part of the Refinery and Petrochemicals Integrated Development (RAPID) project in Johor. It said on Thursday the decision was based on a review of various key aspects of the elastomers project, including the product’s market outlook and… Continue reading Daily Commentary – Petronas Chemicals scraps US$1.3b elastomers project in Rapid

Daily Commentary – Moody’s poll shows Malaysia GDP growing 4% to 4.5% in 2016

Malaysia’s economy is expected to expand at a slower pace of 4% to 4.5% this year from the 5% a year, according to a Moody’s Investors Service poll. The international ratings agency said on Monday the poll conducted here in the latter part of March shows that… Continue reading Daily Commentary – Moody’s poll shows Malaysia GDP growing 4% to 4.5% in 2016

Daily Commentary – China starts buying Malaysian bonds

China’s government has started buying more Malaysian government securities (MGS) and this inflow of new foreign money could rise to 50 billion yuan (RM30bil) in total, according to International Trade and Industry Minister II Datuk Seri Ong Ka Chuan. “This could be one of the key factors contributing to… Continue reading Daily Commentary – China starts buying Malaysian bonds

Daily Commentary – Airlines in Malaysia to pay up to 10 times present rate

Airlines operating out of Malaysia will be expected to pay up to ten times more in fees charged by the Department of Civil Aviation Malaysia (DCA) effective April 15. The increase in fees for everything from the usage of air space, air traffic facilities and other services to the air operator’s certificate (AOC) and the pilot’s flight licence will see… Continue reading Daily Commentary – Airlines in Malaysia to pay up to 10 times present rate

Daily Commentary – TM in mobile service, finally: new package in 2 weeks

Telekom Malaysia Bhd (TM) has been working overtime to put in the final touches on its long-awaited wireless service roll out, which will complete the full service-offering of the telecommunications giant. The wireless offering stems from the acquisition TM made … Continue reading Daily Commentary – TM in mobile service, finally: new package in 2 weeks