PETALING JAYA: Economists have called for more clarity on the subsidy rationalisation measures announced under the revised Budget 2023. “It is disappointing to see that there are no clear policies on subsidy rationalisation despite repeated indications by the government. “Shadowed by the six state elections in the middle of this year, we think the government […]
Read MoreKUALA LUMPUR, Feb 27 — Malaysia and Indonesia have reached a resolution to reduce poverty in South-east Asia and increase food security in the region, said Federal Land Development Authority (Felda) chairman Tan Sri Idris Jusoh. Idris said the Felda model will be used as an example by Asean countries to overcome the issue of […]
Read MorePETALING JAYA: While inflation appears to remain sticky in many countries, Malaysia’s headline inflation in January fell for the fifth straight month to 3.7% year-on-year (y-o-y), amid the implementation of the Festive Season Maximum Price Scheme for the Chinese New Year starting from Jan 15 to Jan 29. The weaker figure, economists think, will allow […]
Read MoreKUALA LUMPUR, Feb 27 — The Producer Price Index (PPI) for local production, which measures prices of goods at the factory gate, grew at a slower pace of 1.3 per cent year-on-year (y-o-y) in January 2023 compared with 3.5 per cent y-o-y in December 2022, the Department of Statistics Malaysia (DoSM) reported today. Based on […]
Read MoreKUALA LUMPUR (Sept 20): The Socio-Economic Research Centre (SERC) has projected that Malaysia’s fiscal deficit will narrow to between 4.5% and 5.5% of gross domestic product (GDP) in 2023, from an average 6.2% in 2020 to 2022. Speaking at a media briefing on Tuesday (Sept 20), its executive director Lee Heng Guie said the fiscal […]
Read MoreKUALA LUMPUR: Malaysia’s leading index (LI) decreased 0.6 per cent year-on-year (y-o-y) to 110.7 points in December 2022 against 111.4 points in December 2021, in anticipation that near-term growth momentum would ease, the Department of Statistics Malaysia (DoSM) said. The LI is used to predict economic upturns and downturns an average of four to six […]
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