KUALA LUMPUR: The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7 per cent, driven by private consumption. Lead economist for Malaysia Richard Record said private consumption would continue to be the main driver of growth, albeit expanding at a more measured pace. “Household spending will be buoyed by […]
Read MoreKUALA LUMPUR: Malaysia’s small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA Australia‘s 10th annual Asia-Pacific Small Business Survey follow extensive surveying of over 3,600 small business operators in Malaysia, Vietnam, […]
Read MoreKUALA LUMPUR: The government will monitor the ringgit‘s performance in the foreign exchange market following the recent fall in the currency’s value, says Finance Minister Lim Guan Eng. He said the ringgit‘s performance should be evaluated on an annual basis, as it was normal for the value of currencies to fluctuate from day to day. “The ringgit‘s fluctuations are […]
Read MorePETALING JAYA: The Digital Society Index 2019: Human Needs in a Digital World, released by Dentsu Aegis Network (DAN), reveals a crisis of confidence in the digital economy. Despite widespread recognition of the utility of digital services, a range of basic, self-fulfilment, psychological and societal needs are failing to be met. Alongside a growing distrust […]
Read MorePETALING JAYA: The weak property market in recent years has resulted in a competitive tendering environment for building construction jobs, with some contractors willing to cut prices in their efforts to secure new jobs, said Master Builders Association Malaysia (MBAM) president Foo Chek Lee. “It is a very competitive tendering environment now. For some tenders, […]
Read MoreKUALA LUMPUR: Malaysia’s current account balance will remain in surplus for 2019 and the economy is not experiencing a current account deficit, says political secretary to the Finance Minister Tony Pua. Pua issued a statement on Friday in response to a Bloomberg interview hosted by David Ingles with the invited guest, UBS Global Wealth Management […]
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