KUALA LUMPUR: RAM Ratings Services Bhd has projected Malaysia’s fiscal deficit in 2019 to narrow to 3.3% of the gross domestic product (GDP) from an estimated 3.6% in 2018, amid still-resilient domestic demand growth, the implementation of various fiscal measures and ongoing institutional reforms. It said the government’s medium-term fiscal framework, which targets an average […]
Read MoreKUALA LUMPUR: Overall salary increases in Malaysia is projected at 5.2% in 2019, similar to this year’s growth rate, says Mercer Malaysia, with life science and technology industries taking the lead. Mercer Malaysia CEO Hash Piperdy said on Thursday most industries are expected to maintain similar salary growth rates next year, with the exception of […]
Read MorePETALING JAYA: Malaysia’s industrial output rose by a stronger-than-expected 4.2% in October, exceeding a Bloomberg survey of 3%. The Statistics Department said the industrial production index’s (IPI) increase by 4.2% from a year ago was supported by increase in all indices. Manufacturing output rose by 5.4%, while electricity (2.1%) and mining (1.4%). “On a yearly […]
Read MoreKUALA LUMPUR: Malaysia is well on its way to cross the threshold into high-income and developed country status in the coming years, said the World Bank. In a statement issued on Wednesday, Vice President for East Asia and Pacific Victoria Kwakwa said Malaysia’s economy was well-diversified and stood on solid foundations, which are primed to […]
Read MoreKUALA LUMPUR: Malaysia’s industrial output rose by a stronger-than-expected 4.2% in October, exceeding a Bloomberg survey of a 3%. The Statistics Department said on Wednesday the industrial production index’s (IPI) increase by 4.2% from a year ago supported by the increase in all indices. As for manufacturing, its output rose by 5.4%, electricity (2.1%) and […]
Read MoreKUALA LUMPUR (Bernama) – AirAsia and Thien Minh Travel Joint Stock Company (TMG) have signed a Memorandum of Cooperation to set up a low-cost carrier service with local partners in Vietnam, said Group Chief Executive Officer (CEO) Tan Sri Tony Fernandes. He said yesterday’s memorandum reaffirmed the group’s commitment to set up the service in […]
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