KUALA LUMPUR: Malaysia’s economy is projected to grow at a more moderate pace of 4% this year, with domestic private sector spending is expected to be the main driver of growth amid an expected slowdown in external demand. According to the World Bank, private consumption is forecast to expand at a slower but still relatively […]
Read MoreKUALA LUMPUR: Malaysia’s headline consumer price inflation is expected to moderate to between 2.5 and 3.0 per cent in 2023, compared to 3.3 per cent estimated for 2022, mainly driven by the easing of global supply constraints and stabilising of commodity prices. The World Bank said the forecast is premised on the assumption that the […]
Read MoreKUALA LUMPUR, Feb 3 — The World Bank’s lead economist Apurja Sanghi today said that Malaysia is late in enacting a Fiscal Responsibility Act (FRA) to manage its debts and deficits. Having an FRA in place would help rebuild the country’s fiscal buffers, he told reporters here at a press conference of the World Bank’s […]
Read MoreKUALA LUMPUR, Feb 3 — Following an expected growth of 7.8 per cent in 2022, Malaysia’s economy is projected to grow at a “moderate pace” of 4.0 per cent this year, according to the World Bank. In its “Malaysia Economic Monitor February 2023” report released today, the World Bank attributed the lower growth rate partly […]
Read More(Bloomberg) — Malaysia should explore new sources of revenue to improve its fiscal position, the World Bank said, adding that its strategy of achieving fiscal consolidation by reducing spending is challenging. Malaysia’s revenue level remains low and trails comparative peers, the World Bank said in its latest Malaysia Economic Monitor on Friday. Government revenue is […]
Read MorePETALING JAYA: Malaysia’s manufacturing purchasing managers’ index (PMI) dipped to 46.5 in January 2023 from 47.8 in December 2022, “indicating a stronger moderation in the health of the sector,” says S&P Global. S&P Global Market Intelligence economist Usamah Bhatti said there were further signs in January that economic conditions in Malaysia remained muted, as challenging […]
Read More
Thailand
