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,” […]
Read MoreKUALA LUMPUR: Bursa Malaysia Securities suspended all short-selling activities of Genting Malaysia (GentingM) early Monday after its share price tumbled in a knee-jerk reaction to the new casino tax under Budget 2019. The shares plunged 27% in early trade, falling RM1.22 to RM3.32. The regulator said as the last done price of the approved securities […]
Read MoreMANY 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 […]
Read MoreKUALA 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 […]
Read MoreSingaporeans and Malaysians are among the most proficient English speakers in the region, a global study has found. On its eight edition, this year’s EF English Proficiency Index (EPI) took into account 1.3 million adults who are non-native English speakers, across 88 countries and regions. Singapore was ranked third internationally, making it the first Asian nation […]
Read MoreKUALA LUMPUR: Malaysia advanced nine places to 15th spot among 190 economies worldwide in the World Bank’s Doing Business 2019 Report, which based its rankings on business regulations and ease of doing business. World Bank Senior Economist and Statistician (Development Economics – Global Indicators Group) Arvind Jain said an acceleration in reforms had helped propel the country […]
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