KUALA LUMPUR (Bernama) – Malaysia’s target gross domestic product (GDP) of RM3.4 trillion in the Shared Prosperity Vision 2030 (WKB 2030) was calculated based on nominal or current prices that take into account the effects of inflation, says the Economic Affairs Ministry. It is said to meet the target of RM3.4 trillion in 2030, the […]
Read MoreTHE International Monetary Fund has slashed its 2019 global gross domestic product (GDP) growth from 3.5% to 3.2% due to the ongoing US-China trade tensions and global economic uncertainties. Malaysia, as a significant trading nation will not be spared. Budget 2020 themed “Shared Prosperity: Sustainable and Inclusive Growth Towards High Income Economy” is expected to […]
Read MoreKUALA LUMPUR: Malaysia’s trade performance disappointed in August as exports slipped by 0.8% on-year (y-o-y) to RM81.36bil compared a Bloomberg survey of a 2.7% increase due to weaker exports of mining products. The Ministry of International Trade and Industry (MITI) announced on Friday lower exports were recorded to Hong Kong, Australia, Taiwan, China, New Zealand, […]
Read MoreMalaysia’s competition watchdog on Thursday threatened to hit Grab with a $21 million fine for practices that allegedly reduce competition, the latest problem for the ride-hailing giant. Grab is the biggest ride-hailing firm in Southeast Asia, and has strengthened its hold on the market since buying US rival Uber’s operations in the region last year. […]
Read MorePETALING JAYA: Tax revenue could increase by more than RM2.4bil a year should foreign digital service providers register for the 6% service tax that is set to be implemented from Jan 1 next year. “We are expecting the big boys to start registering with us. The registration (with the customs department) started yesterday and we […]
Read MoreMACROECONOMIC stability in Malaysia continues to improve on the back of compliance with the fiscal targets of 2019, ANZ analysts said in a report. “Onshore experts have reaffirmed our view that macroeconomic stability in Malaysia is improving. The centrepiece of this emerging stability has been the ability of the coalition government to consolidate public finances, a […]
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