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Malaysia: Rating agencies cautious over debt rise

PETALING JAYA: Rating agencies have raised their concerns over the elevated levels of Malaysia’s debt given its ratings but do acknowledge that efforts to be more transparent is a credit positive on the country’s profile. Moody’s said government debt would probably edge up to around 51% of gross domestic product (GDP) over the next two […]

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Malaysia’s sustained public accounts transparency is credit positive, says Moody’s

KUALA LUMPUR: Malaysia’s Budget 2019 indicates greater transparency in the country’s public accounts and a focus on inclusive growth, which if sustained, will be credit positive, says Moody’s Investors Service. “However, in the near term, a still high fiscal deficit and heightened reliance on volatile oil-related revenues will weaken Malaysia’s fiscal profile, a credit negative,” […]

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Malaysia: Trade pacts may hinder regulation

MANY governments are working on national policies on the digital economy. They correctly believe that the forces of computerisation, robotics and artificial intelligence are fast changing production and consumption systems. The old ways of doing things are being disrupted and if we don’t change with the times, we will be left behind. In Malaysia, there […]

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Malaysia: Casino, aviation, property sector’s earnings dented by new measures

KUALA LUMPUR: The key surprises in the Budget 2019 proposals are higher gaming tax and real property gains tax (RPGT), says CIMB Equities Research. It said on Monday the sector winners include healthcare and tobacco, while casino, aviation and property sectors are likely to see some dent to their earnings. “The key measures from the Budget could lower our 2019 FBM KLCI earnings growth forecast by one […]

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