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US debt ceiling bill passes House with broad bipartisan support

KUALA LUMPUR (May 9): Malaysia's industrial production index (IPI) improved by 3.1% year-on-year in March 2023, driven by a 4.1% expansion in the manufacturing sector, and a 0.8% rebound in the mining sector.However, the electricity index slipped by a negative 0.3% during the month versus a positive 1.1% in February 2023, the Department of Statistics Malaysia (DOSM) said in a statement.Month-on-month, the IPI saw a vigorous 8.3% growth in March 2023, after a consecutive three-month declining trend. However, growth in the

KUALA LUMPUR (May 4): While most economists see no further overnight policy rate (OPR) hikes by Bank Negara Malaysia for the remaining three monetary policy meetings in 2023, CGS-CIMB Research sees the possibility of another increase in the second half of this year.“We believe there could be one more OPR hike by end-2023 to 3.25%. A key risk is whether a global slowdown could be sharper than expected. If this happens, there is a possibility that Bank Negara may

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