The Malaysian economy closed 2022 on a strong note, with the fourth quarter GDP posting year-over-year growth of 7 percent. Growth for the entire year was 8.7 percent. Indonesia’s economy grew more slowly at 5.3 percent, but it was still the fastest rate in nine years. Coming on the heels of similarly robust economic growth in the Philippines, 2023 […]
Read MoreKUALA LUMPUR: Malaysia has no plans to reintroduce a goods and services tax (GST) or any other broad-based consumption tax, Prime Minister Anwar Ibrahim said on Tuesday. The government will instead look to reduce subsidies enjoyed by the wealthy, Anwar, who is also finance minister, told parliament. Anwar, who took office in November, has ordered […]
Read MoreKUALA LUMPUR: Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has reiterated its forecast for Malaysia’s real gross domestic product (GDP) growth to slow to 4.0 per cent in 2023 from 8.7 per cent last year. It said that following the lower year-on-year growth of 7.0 per cent in the fourth quarter of 2022 […]
Read MorePETALING JAYA: Bank Negara may take a longer pause before raising its benchmark interest rate again this year. This could bring some cheer to the market and households, whose pockets have been hit by the rise in borrowing costs. Against the backdrop of a slowing economy, more analysts are looking at the possibility of overnight […]
Read MoreKUALA LUMPUR: The strong Gross Domestic Product (GDP) growth of 8.7 per cent for 2022 shows the recovery of consumer, business and investor confidence in the national economy, said Prime Minister Datuk Seri Anwar Ibrahim who is also Finance Minister. Malaysia’s economy recorded an encouraging performance with the GDP for 2022 recording 8.7 per cent, […]
Read MoreKUALA LUMPUR – Malaysia grew at the quickest pace in more than two decades in 2022, as pent-up demand helped the nation take the mantle of the fastest-growing economy in Asia even if the title is likely to be shortlived. Gross domestic product rose 8.7 per cent last year, the highest level since 2000, data from […]
Read More
Thailand
