Penang’s strategic position as a global technology hub, coupled with its strong manufacturing capabilities and forward-thinking policies, positions the state as a key player in driving Malaysia’s high-tech export growth to the United States.
SINGAPORE: Bitcoin broke $100,000 on Thursday as investors bet on a friendly regulatory shift in the U.S., while Asian stocks were firm after Wall Street indexes notched record highs on growing confidence in U.S. interest rate cuts.
The cryptocurrency world is buzzing with speculation that bitcoin could reach an unprecedented US$200,000 by 2025. While bitcoin has yet to stabilise around the US$100,000 mark, its meteoric rise in 2024 has emboldened investors and analysts to project a bullish future for the world’s leading digital asset.
Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7% in 2024, with 6.2% and 6.9% in the first half and second half of the year, respectively.
KUALA LUMPUR: The Malaysian ringgit and Indonesia’s rupiah are expected to be outperformers in the region in 2024 "on a relative basis,” benefitting most from monetary policy divergence, said Standard Chartered (StanChart).
KUALA LUMPUR: Standard Chartered Saadiq Malaysia unveiled a major achievement on the establishment of Islamic Sustainable Accounts, at the recent Global Forum of Islamic Economics and Finance.
Standard Chartered Bank maintained a robust 2024 GDP growth forecast of 6.7 per cent for Vietnam in its latest macroeconomic updates about the South-East Asian country, as reported by Vietnam News Agency report on Wednesday.
KUALA LUMPUR: Research firms expect Bank Negara Malaysia (BNM) to maintain its Overnight Policy Rate (OPR) at 3.0 per cent this Thursday.
KUALA LUMPUR: Standard Chartered (StanChart) has maintained its forecast for Malaysia’s gross domestic product growth at 4.8% for 2024, while acknowledging upside risks.
Dynamic economies worldwide are capturing the attention of western financial institutions, but a new research shows that few are creating as much excitement as Malaysia.
HANOI (Vietnam News/Asia News Network): Standard Chartered Bank forecasts Vietnam's recovery will accelerate markedly in 2022, with GDP growing by 6.7 per cent. The bank raised its 2023 growth forecast for Vietnam to 7 per cent as it believes Vietnam’s positive medium-term outlook remains intact.
LONDON (Reuters) - A new cryptocurrency research team at Standard Chartered has predicted bitcoin will double in value and hit $100,000 by early next year and that it could be worth as much as $175,000 longer-term.
KUALA LUMPUR: Bank Negara Malaysia (BNM) is likely to keep the overnight policy rate (OPR) unchanged at 3.0 per cent at its upcoming monetary policy meeting on July 11, despite the recent implementation of diesel subsidy rationalisation, says Standard Chartered Bank (Singapore) Ltd (StanChart Singapore).
SINGAPORE: Key central banks are probably losing control over the economic fallout amid their unwavering commitment to fight stubbornly high inflation with large interest rate hikes.
Bank Negara says the economy is on a sustainable growth path driven by resilient domestic expenditure and higher export activity.
Vietnam's economy is predicted to bounce back strongly, growing at 6.7 per cent this year and 7.0 per cent in 2023, according to Standard Chartered Bank.
KUALA LUMPUR: Standard Chartered Global Research has reduced Malaysia’s economic growth forecast for this year to 2.5% from 4.2% to reflect a greater hit to local and external demand from a more protracted outbreak from Covid-19.
It is crucial to remain vigilant, especially towards unforeseen critical events that could rapidly alter the economic landscape, Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Mohd Amin Liew said.