KUALA LUMPUR: Populist policies introduced by the Malaysian government, along with an expanding economy and low levels of inflation and unemployment, have boosted consumer spending in 2018. Fitch Solutions Macro Research said high frequency indicators also point to the health of the Malaysian consumer, with consumer confidence and retail sales picking up since the beginning of […]
Read MorePETALING JAYA: The local retail sector is expected to register a modest growth of between 5% and 6% this year, underpinned by sustained consumer sentiment from improved consumer spending and stability in the market. Malaysian Association for Shopping and High-Rise Complex Management past president Richard Chan said the local retail sector should grow “more than 5%” this year, buoyed by the three-month tax holiday and the […]
Read MorePETALING JAYA: Expectations that the fiscal deficit level will decrease are running high on the back of rising sentiment on crude oil prices. The Malaysian government should be able to improve on its fiscal deficit level, on the back of fiscal spending discipline and crude oil price averaging between US$70 and US$80 per barrel, said Alliance Bank Malaysia Bhd chief economist Manokaran Mottain. The fiscal deficit guided for […]
Read MoreHONG KONG: Malaysian Finance Minister Lim Guan Eng said on Thursday that the Southeast Asian country can sustain 5 percent annual economic growth as its new administration reviews mega projects and copes with hefty debts left by the previous government. In August, Malaysia cut its 2018 growth forecast to 5 percent, from 5.5-6.0 percent and reported much […]
Read MoreKUALA LUMPUR: The Government is currently studying the tax structure for foreign digital service content providers, said Deputy Finance Minister Datuk Amiruddin Hamzah (pic). He said the ministry would look into the findings of the “Malaysia’s Digital Economy: A New Driver of Development” report first before coming out with any mechanism for the digital economy. “We are definitely looking into the matter […]
Read MorePETALING JAYA: Allowing a larger fiscal deficit and running the risk of a sovereign credit rating downgrade in 2019 could cause balance of payments stress, given Malaysia’s high short-term external debts and low foreign exchange (forex) reserves, said Nomura. Following the reversal of fiscal reforms like goods and services tax (GST) and the removal of […]
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