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PETALING JAYA: The economy is expected to grow faster in the second half of the year as investments start flowing into projects related to the Economic Transformation Programme . Businesses contacted by The Star said they were ready to pump in capital and to hire people as the projects take off. Affin Investment Bank Bhd chief economist Alan Tan estimated that up to RM20bil worth of ETP-related projects would be implemented this year.
Thursday January 3, 2013 KUALA LUMPUR: Investing in a portfolio of stocks with attractive dividend yields is always a viable option for investors who wish to still have exposure to equities, according to Pacific Mutual Fund Bhd . Executive director and chief executive officer Gary Gan said the advantage of investing in fundamentally sound dividend stocks is that investors are likely to receive dividend income regardless of the economic or market climate.
THE year 2012 has rolled along and every year-end, I usually reflect on the past year and see what lessons are learnt.
PETALING JAYA: Despite the resolution of the long-running fiscal cliff issue which saw global markets rallying, the first day of trading for 2013 saw the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) dropping 14.23 points to 1,674.72 on profit taking of selected blue chips. Volume was thin, indicating that market players were still either on holiday or mulling over rebalancing of their portfolios.
WASHINGTON: U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's long-term debt, but said they would continue to agitate for a better budget plan.
GREATER Kuala Lumpur, known as Klang Valley, is currently home to about 7.2 million people or more than a fifth of Malaysia's total population. One of the fastest growing metropolitan cities in the region, 10 million people are expected to call this city home by the end of the decade.
KUALA LUMPUR: The Employees Provident Fund (EPF) Thursday announced a 66% year-on-year income growth for its loans and bonds portfolio to RM3.06bil for the third quarter ended Sept 30, 2012 vis-a-vis RM1.85bil in the same period in 2011. EPF said it earned RM7.02bil in investment income for the quarter under review, up 3.24% over RM6.8bil last year.
Business optimism is up, thanks to growing confidence in the economy. PETALING JAYA: Growing confidence in the economy among the Malaysian business community has pushed the country's business optimism level back on the positive, recording 12% this year. According to the latest data from the Grant Thornton International Business Report, this was better than that recorded last year at -4%.
JAKARTA: Malaysia's economic growth is seen holding steady at around 5 percent next year despite weak exports, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said on Wednesday.
SANTA MONICA, Calif: Two leading U.S. economists expressed deep pessimism on Friday that politicians in Washington will be able to strike a deal to rein in America's soaring national debt.
Das(inset) also dismisses the long-held notion that gold was a refuge in times of trouble.
PETALING JAYA: EPF members who have reached the age of 50 but do not want to withdraw all their entitled sum under Account 2 can just take out what they need, anytime they want to, in a one-off withdrawal.
KUALA LUMPUR: The FBM KLCI closed at a fresh record high of 1,665.42 on Thursday, the second time in October on foreign buying of telcos for their dividend yields while there was some rotation among the banking stocks.
LONDON (Reuters) - Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide. After reaching 3.1 percent this year, world economic growth is expected to hit 3.4 percent in 2013, polls released on Thursday said - a slight cut from July's poll and slower than the International Monetary Fund's latest forecasts of 3.3 percent and 3.6 percent. While few expected 2012 would be anything other than a difficult year for the world economy, there had earlier been some hope a resilient United States and faster-growing emerging markets would keep up the momentum.
KUALA LUMPUR: Maybank Investment Bank (IB) Research has raised its year-end target of FTSE Bursa Malaysia KL Composite Index (FBM KLCI) to 1,620 points from 1,565 previously, after earnings revisions post-second quarter results reporting and IHH Healthcare Bhd 's inclusion into the 30-stock benchmark.