Tag: Businesses
Global semiconductor equipment sales to hit record US$108.5bil this year
[The Semiconductor Equipment Manufacturers Industry (SEMI) predicts global semiconductor manufacturing equipment sales will hit US$108.5 billion in 2022, surpassing the previous record of US$102.5 billion in 2021. Front-end and back-end categories are expected to drive growth, though sales are projected to decline to US$91.2 billion next year.]
US banks warn of recession amid rising inflation
According to CEOs, the largest US banks are preparing for a poorer economy next year as inflation threatens consumer demand.
Jamie Dimon, the chief executive...
Asia stocks edge up despite global growth worries.
- Asian stocks show modest gains amid concerns about global economic slowdown and Federal Reserve interest rate hikes. Hong Kong and China markets rise, while Australian and Japanese indexes decline, reflecting investor sentiment and ongoing economic challenges.
Malaysian economy relatively resilient in 2023, says ICAEW
The Institute of Chartered Accountants in England and Wales (ICAEW) predicts a challenging start for Asian economies in 2023, but suggests Malaysia will remain relatively resilient. Despite warnings of a potential recession, the country is expected to maintain economic strength amid global inflation and supply chain issues.
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.
Malaysian banks’ loan growth to stay at 5-6% in 2023 on economic stability, says...
S&P Global Ratings predicts Malaysian banks will sustain loan growth of 5-6% in 2023, driven by the country's stable economy. With robust capitalization and provisioning buffers, banks are well-positioned to manage potential asset quality risks amid projected GDP growth of 4.5% over the next three years.
Brunei gets top ranking for business regulation from top international economic freedom survey
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.
Ambank Aids SMEs Via Strategic Partnership With PUMM
AmBank has formed a strategic two-year partnership with Persatuan Usahawan Maju Malaysian (PUMM) to enhance financial awareness and provide financing solutions for small and medium enterprises. The collaboration aims to empower over 3,000 business owners from various sectors by offering specialized banking products and tools.
