PETALING JAYA: The government’s target of a 5% fiscal deficit this year may be challenging amid the anticipation of slower global economic growth. Although the global economic outlook for 2023 is expected to improve, external headwinds may dampen it and possibly derail the government’s target, according to economists. The external headwinds include geopolitical tensions between […]
Read MoreKUALA LUMPUR: The Department of Statistics Malaysia (DoSM) said the unit price index of cement rose by 1.9 per cent in February 2023 as compared with January 2023 due to higher raw material prices as well as energy and shipping costs. In a statement today, DoSM said the average price of cement (ordinary Portland) rose […]
Read MorePETALING JAYA: Economists have welcomed Bank Negara’s move to keep the country’s benchmark interest rate unchanged for the second time this year. With the economy expected to slow down in the coming quarters amid elevated price pressures, the central bank’s decision to retain the overnight policy rate (OPR) at 2.75% may provide breathing space for […]
Read MorePETALING JAYA: The contribution of trade and investments to Malaysia’s gross domestic product (GDP) has declined over a 10-year period, laments Tengku Datuk Seri Zafrul Abdul Aziz. Speaking during the Invest Malaysia 2023 event, the International Trade and Industry Minister highlighted the pressing need for Malaysia to reinvigorate its trade and investments as neighbouring countries […]
Read MorePETALING JAYA: The government is taking very seriously the task to improve the country’s ease of doing business perception and reputation among investors. This improved reputation would help the country more easily court and gain additional foreign direct investments (FDI) moving forward, which would then indirectly spillover to increased domestic direct investments (DDIs) as well. […]
Read More(Bloomberg) — Economists are almost evenly split on whether Malaysia’s central bank will hold or hike interest rates on Thursday, amid looming risks to inflation and slowing global growth. Eleven of the 20 economists surveyed by Bloomberg expect Bank Negara Malaysia to stand pat for a third straight meeting, while the remaining see the Overnight […]
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