Malaysia's consumer price index in June rose 3.3 per cent from a year earlier, marginally above expectations and the level a month earlier, data from the Statistics Department showed on Wednesday.
The index rose 3.2 per cent in May.
A Reuters poll of 12 economists forecast the annual inflation rate in June to hold steady at 3.2 per cent.
Last week, Malaysia's central bank raised the key interest rate for the first time in more than three years to curb inflation and a burgeoning household debt. It hiked the rate 25 basis points to 3.25 per cent.
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Ratings agency Fitch warned on Monday that a merger plan by Malaysia's second largest bank CIMB Group with RHB Capital and Malaysia Building Society to create the country's biggest lender was fraught with risk.
"The proposed merger of CIMB, RHB and Malaysia Building Society (MBSB) is ambitious, and will bring inherent challenges and risks for the new banking group amid a complex integration process," Fitch Ratings said in a statement.
Last week, CIMB, RHB Capital, which is Malaysia's fourth largest bank, and MBSB said they had entered into a 90-day exclusivity agreement to negotiate the proposed merger of the three entities and "the creation of a mega Islamic bank".
Malaysia, Southeast Asia's third-largest economy after Indonesia and Thailand, hopes to become an important gateway into booming regional markets, while in Islamic finance it is determined to position itself as the leading international centre.
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Malaysia's industrial production in May rose 6.0 per cent from a year earlier, its best growth since a 6.7 per cent rise in February, data from the Statistics Department showed on Thursday, and was above expectations.
A Reuters poll of 12 economists had forecast factory output would grow 4.4 per cent, buoyed by improved exports and a halt to water rationing that had affected production.
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Malaysia's central bank is expected to raise its policy interest rate for the first time in more than three years to rein in spending that has ratcheted up consumer debt and inflation.
Economists expect Bank Negara to favour tighter policy at its rate review on Thursday as growth has been strong and exports are improving. "Strong growth would help mitigate the impact of an interest rate hike on slower private consumption," said Michael Wan, a Credit Suisse economist. "Higher interest rates would serve as a deterrent to new borrowers and moderate household debt," Wan added.
A majority of economists in a Reuters poll forecast a 25-basis-point increase to 3.25 per cent. The central bank has held rates steady since mid-2011.
At its meeting in May, Bank Negara signalled that key rates"may need to be adjusted" to tackle "financial imbalances".
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Malaysian stationary maker Pelikan International Corporation Bhd plans
to list some of its units and assets in Germany in a move that will
raise at least 491.3 million ringgit (US$154.98 million), it said on
Tuesday.
The proposed listing - to be done via private placements and offers
for sale - will include an asset injection into the company and its
96.45 per cent-owned Switzerland unit Pelikan Holding AG into Herlitz AG
for 1.19 billion ringgit.
In return, Pelikan will receive 266 million new shares in Frankfurt
listed Herlitz, of which Pelikan now holds a 70.92 per cent stake,
according to a stock exchange filing on Tuesday.
The deals will allow Pelikan to unlock the value of its various
stationary businesses and provide funds for growth, the company said.
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