Managing the country’s growth expectations

[ AS Malaysia navigates the aftermath of a potential miss in its targeted gross domestic product (GDP) growth for 2023, economists offer a mixed outlook on GDP for this year. While some are optimistic, pointing to the strong recovery of private consumption and investment with government policies boosting economic activities, others recognise challenges like macroeconomic … Read more

Oil drops slightly on China demand concerns

[ SINGAPORE: Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at US$78.56 a barrel. US West Texas Intermediate crude fell 67 cents to settle at US$73.41. Read original … Read more

Oil climbs 1% as tankers avoid Red Sea

[ HOUSTON: Oil rose 1% on Friday as an increasing number of oil tankers diverted course from the Red Sea following overnight air and sea strikes by the US and Britain on Houthi targets in Yemen after attacks on shipping by the Iran-backed group. Brent crude futures settled 88 cents, or 1.1%, higher at US$78.29 … Read more

Look at the broader market for opportunities

[ INCREASED investor interest on Bursa Malaysia led the FBM KLCI to hit a year high of 1,503 points on Tuesday, leading many to hope 2024 will be the year the local market pivots higher ahead of the Chinese Lunar Year of the Dragon next month. The previous Dragon year in 2012 was good for … Read more

Export, domestic demand to spur growth

[ KUALA LUMPUR: The Socio-Economic Research Centre (SERC) remains cautiously optimistic about Malaysia’s economic growth prospects this year as external factors could impact local conditions. Its executive director Lee Heng Guie said it is better to remain prudent at the beginning of the year as there are some concerns out there. “If we look at … Read more

An opportunity to showcase resilience

[THE prospects for the small and medium enterprise (SME) sector on the whole looks promising this year although it is expected to navigate external uncertainties arising from global headwinds. Read full story Read original article here Denial of responsibility! Genx Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink … Read more