PETALING JAYA: While the government’s current debt level is manageable, there is rising pressure for the debt load to surge in the wake of the looming recessionary risks in the United States and developed economies. Exacerbated by the stronger global inflation, economists concurred that embarking on the right strategies are necessary to keep the debt […]
Read MoreKUALA LUMPUR: Malaysian crude palm oil prices will remain weak for most of the third quarter of this year, the country’s commodities minister said on Monday, after rival producer Indonesia scrapped its export levy. “This is inevitable in light of stiffer competition from Indonesia – the world’s largest palm oil producer – in its quest […]
Read MoreKUALA LUMPUR: The country registered a consumer price increase of 3.4% year-on-year (y-o-y) to 127.4 in June as food prices continued to rise at an accelerated rate. In a statement today, chief statistician of the National Statistics Departments Datuk Sri Mohd Uzir Mahidin said the food index rose 6.1%, its highest in over a decade. […]
Read MorePETALING JAYA: The country’s imports in June 2022 continued to grow at a faster pace than exports, partly because Malaysian households spent more on processed food and beverages sourced from abroad. The higher imports were recorded amid the weak ringgit, which stayed mostly above the RM4.40-mark against the US dollar in June. Being a country […]
Read MoreKUALA LUMPUR: Malaysia’s total trade in June hit a new record high of RM270.4bil, up 43.4% on the previous year, as both export and import numbers continued to trend higher. However, as imports grew faster than imports, the country’s trade surplus shrank 0.8% year-on-year (y-o-y) to RM21.9bil. On a month-on-month basis, trade surplus in June […]
Read MoreKUALA LUMPUR: Malaysia’s ability to increase its level of indebtedness is limited, compared to developed nations, with much lower debt service ratios. This was announced by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, who added that the country’s ratio of debt service payments to revenue reached 16.3% in 2021 and based on Budget 2022, […]
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