PETALING JAYA: Malaysia will drop its long time dream to hit US$15,000 (RM62,300) per capita income by 2020 to meet its high income nation aspirations, as it now looks to ensure high income levels commensurate with higher purchasing power. The mid-term review of the 11th Malaysia Plan presented a two-prong approach to address the disparity of […]
Read MorePETALING JAYA: Malaysia moved up one notch to the 25th spot out of 140 countries in the World Economic Forum’s (WEF) 2018 Global Competitiveness Report (GCR). This came after the nation gained 1.1 points to achieve an overall score of 74.4 points in the survey that rates economies based on 12 pillars, namely, institutions; infrastructure; […]
Read MoreKUALA LUMPUR: Tech experts hope Budget 2019 will include initiatives that will accelerate the fourth industrial revolution by developing and regulating the tech industry, as well as promoting digital technology in Malaysia. The market is abuzz with talk that a digital tax will be introduced in Budget 2019. This will result in Malaysia being the […]
Read MoreKUALA LUMPUR: Capital outflows from emerging markets (EM), including Malaysia, are expected to stabilise soon, as investors are now taking another look at beaten-down assets in these economies, according to Allianz SE. According to the chief economist of the Germany-based insurance and asset-management company Dr Michael Heise, indications have emerged that investor sentiment towards EM […]
Read MoreKUALA LUMPUR: The federal government is reported to have reopened discussions to do away with the requirement that foreign insurers reduce their shareholdings in their domestic operations. According to the Financial Times on Wednesday, the government had reopened talks to allow foreign insurance companies to maintain full ownership of domestic insurers. Last year, global insurers […]
Read MorePETALING JAYA: Malaysia’s budget deficit may widen to 3% of gross domestic product (GDP) in 2019, amid an expected slower economic growth of 4.5% next year, cautions AllianceDBS Research. The research house said although the government is on track to achieve its budget deficit target of 2.8% this year, it pointed out that the deficit level could potentially rise back to 3% due to several financial constraints that […]
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