MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to issue tighter regulations requiring financial institutions, particularly banks, to elevate the level of their cybersecurity standards. “We are set to issue in a few weeks enhanced standards with regard to BSP’s expectation on cybersecurity arrangements in a financial institution,” BSP Governor Nestor Espenilla […]
Read MoreTHE Federal Government’s financial position is expected to improve mainly due to higher revenue collection from higher income taxes and Goods and Services Tax (GST), and modest expenditure growth. The move will enable the government to reduce the fiscal deficit to 2.8% of GDP or RM39.8bil from 3% at RM39.9bil. The Federal Government debt as […]
Read MoreMALAYSIA’S external position is expected to remain resilient in 2018 due to the strong global economic and trade performance, underpinned by stronger export growth though the deficit in the services account is expected to widen. Strong demand for electrical and electronic (E&E) products and commodities are expected to push gross exports higher by 3.4% to […]
Read MoreRESILIENT domestic demand is expected to underpin the GDP growth outlook due to an expected increase in private sector spending – in terms of expenditure and investment – though at a slower pace from 2017. Domestic demand is expected to grow at a slower pace of 5.5% from 6.4%. Private sector spending will underpin the […]
Read MoreMALAYSIA’S economy will remain resilient in 2018, though real gross domestic product (GDP) will expand at a slower pace, due to external challenges such as rising protectionism and policy uncertainties in the advanced countries. Growth will be mainly driven by resilient domestic demand amid a favourable external sector. Importantly, the government will ensure the economy […]
Read MoreTHE services sector will continue to be the main driver of economic growth in 2018 as its share of the gross domestic product (GDP) is set to expand to 54.8% in 2018 from 54.5% in 2017. The government expects growth to dip slightly to 5.8% in 2018 from 5.9% in 2017 as all sub-sectors continue […]
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