KUALA LUMPUR: Do not break into your own property even if your tenant fails to pay the rent. It could be a trap. This was the warning given by MCA Public Services and Complaints Department head Datuk Michael Chong to landlords who were thinking of doing this to reclaim their property. Chong said [...]
KUALA LUMPUR: HSBC Holdings plc senior Asian economist Robert Prior-Wandesforde expects Malaysia’s gross domestic product (GDP) to expand 7.3% this year on rising exports fuelled by higher commodity prices and domestic demand. His forecast for 2010 was revised from the 6.8% made last year and higher than Bank Negara’s forecast of [...]
KUALA LUMPUR: OCBC Bank expects two rounds of interest rate hike, each by 25 basis points, in the remaining nine months of this year, bringing the overnight policy rate to 2.75%.On March 3, Bank Negara raised interest rates by 25 basis points to 2.25%, the first since November 2005. “We don’t think [...]
KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd has forecast the overnight policy rate (OPR) to gradually increase to 2.75 per cent by mid-2010, said managing director and chief executive officer Osman Morad. Currently, interest rates stood at two per cent. “We foresee a gradual rise in interest rates starting from the end of the first quarter this [...]
Saturday January 30, 2010 By CECILIA KOK KUALA LUMPUR: Bank Negara’s move to potentially raise interest rates in the near future should be viewed as a “normalisation” process, rather than an act of “tightening” monetary policy, said governor Tan Sri Dr Zeti Akhtar Aziz. She emphasised the need for the markets to make a distinction between normalisation and [...]
