JAMES ROBERTO
A multimedia journalist focused on producing articles about controversial global issues specifically on business, economy, politics, and technology. A strong believer in freedom of the press and exposing the wrong. only through engagement and communications can we as humans evolve.
An accredited member of a leading local broadcast media organization.
RHB Bank on course to meet KPI targets
RHB Bank is poised to achieve most of its key performance targets for 2022, with a return on equity of 9.3% and loan growth on target. Group CEO Mohd Rashid Mohamad reported that four out of five KPI goals have been met, with only the CASA ratio falling slightly short of expectations.
KLCI falls as investors take profit, ringgit at 4.4760
Bursa Malaysia closed 1% lower with 629 losers versus 347 gainers. The ringgit rose to a three-month high at 4.4760, up 0.43% against the US dollar. Foreign investors bought RM341 million in stocks, signaling potential market recovery and interest in upcoming political and economic developments.
Asia-Pacific leaders condemn war, renew calls for open trade
Asia-Pacific Economic Cooperation (APEC) leaders gathered in Bangkok, Thailand, to address global economic challenges. The summit focused on condemning the Russia-Ukraine conflict, promoting open trade, and seeking sustainable economic growth across the region. Most participants denounced the war, marking a significant diplomatic moment.
Brunei gets top ranking for business regulation from top international economic...
Brunei secured impressive global rankings in business and labor market regulations, scoring 8.8 out of 10 in the Fraser Institute's Economic Freedom Index. The Sultanate ranked 59th globally among 165 economies, demonstrating strength in regulatory compliance and economic frameworks.
Malaysia unlikely to go into recession due to economic diversification
Malaysia is unlikely to experience a recession due to its diversified economic structure. With services contributing 57%, manufacturing 24.3%, and agriculture and mining 14% to GDP, the country maintains economic stability through varied sectors and balanced international trade relationships.
Bank Negara raises OPR by 25bps to 2.5%, as expected
Bank Negara Malaysia's Monetary Policy Committee raised the overnight policy rate by 25 basis points to 2.5%, in line with economists' expectations. This is the third consecutive rate hike this year, bringing the total increase to 75 basis points as the country's economic growth and inflation gain momentum.
Oil prices ease on symbolic OPEC+ output cut
OPEC and allied producers, including Russia, slightly reduced oil output for October, trimming supplies by 100,000 barrels per day. The move comes amid recession fears and falling crude prices, which have dropped from June's $120 per barrel peak, providing relief at gas pumps.- EXCERPT: Summarizes key points, highlights impact, and uses relevant keywords
Maybank to facilitate the trading of shariah-compliant securities on Bursa under...
Maybank Investment Bank becomes a key user and supplier in Bursa Malaysia's Islamic Securities Selling and Buying Negotiated Transaction framework, enabling Shariah-compliant trading and risk management for market participants.
Standard Chartered Malaysia Launches SmartStocks
Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform that allows Malaysian investors to access 12 international stock exchanges through a single account. The platform offers low transaction fees, particularly for Priority Private clients, addressing the challenges of global market access for retail investors.
IMF set to provide $2.9 billion to help crisis-hit Sri Lanka
The International Monetary Fund has reached a preliminary agreement to provide Sri Lanka with $2.9 billion over four years. The package aims to help the country recover from its worst economic crisis, contingent on approval from IMF management and assurances from key creditors like China, India, and Japan.
