KUALA LUMPUR: Moody’s Investors Service is maintaining its estimate of Malaysia’s direct government debt at 50.8% of GDP in 2017. It said on Wednesday its assessment of contingent liability risks posed by non-financial sector public institutions has also not changed following some statements by the new Federal Government led by Pakatan Harapan which won the […]
Read MoreHONG KONG/SINGAPORE: Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the matter said. The review may result in the Malaysian regulator putting the requirement in abeyance, the […]
Read MoreKUALA LUMPUR: Malaysia’s natural rubber (NR) production declined by 22.7 per cent to 35,845 tonnes in April 2018 from 46,381 tonnes in March, said the Department of Statistics (DoS). The production also decreased by 27.1 per cent year-on-year, it said in a statement today. Month-on-month (m-o-m), the average price of latex concentrate fell 5.5 per […]
Read MoreTOKYO: Malaysia’s newly-elected prime minister called Monday for the Trans-Pacific Partnership to be “renegotiated,” and urged protection for small countries in international trade. Malaysia, along with 10 other countries, pushed ahead with the TPP in March despite Donald Trump having yanked the United States out of the huge multilateral trade deal. But Mahathir Mohamad told […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index rose 4.6 in April from a year earlier, supported by gains in all three major sectors, government data showed on Thursday. Output growth in April was above the 3.7 percent annual rise forecast in a Reuters poll, and up from the 3.1 percent recorded in March. The index measures […]
Read MoreKUALA LUMPUR: A top adviser to Prime Minister Mahathir Mohamad is considering an overhaul to Malaysia’s social safety net by setting up a fund that pays out basic income to the poor. Last year alone, the government spent about 37 billion ringgit ($9.3 billion) on subsidies, various kinds of aid, and cash handouts known as […]
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