The Star Investing
Share Market Investment Tips from The Star
Bank Negara moves to signal low interest rate days are over
AllianceDBS Research chief economist Manokaran Mottain said the hike will directly increase the base financing rate by as much as 25bps and deposit rates by as much as 20bps. “For the banking industry, the rate hike means higher margins from variable rate products,” he said in a report. PETALING JAYA: The 25-basis-point (bps) hike in the benchmark overnight policy rate (OPR) to 3.25% by Bank Negara signals that the days of low interest rates are over. Although analysts see a 25-bps hike as having minimal impact on private consumption, a hike in the OPR will benefit banks, as they willRead More
Sumatec sees Rakushechnoye oil output to reach 1,500 barrel a day by end of March
KUALA LUMPUR: Sumatec Resources Bhd said it was informed by its partner CaspiOilGas LLP (COG) that oil production at the Rakushechnoye oilfield in Kazakhstan will reach 1,500 barrels of oil a day (bbl/d) by end of March.